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The American Express® Gold Rewards Card is particularly appealing for its robust rewards program. The potential to earn up to 60,000 Membership Rewards points in the first year sets a high bar for rewards earning capability.
THE BEST BONUS CREDIT CARD IN CANADA
American Express® Gold Rewards Card Credit Card
Rates & Fees
Up to 4X Reward Rate
Earn 4X Membership Rewards® points at restaurants, plus takeout and delivery in the U.S.; Earn 4X Membership Rewards® points.
Welcome Bonus
Earn 60,000 points
Annual Fee
$250
Regular APR
See Pay Over Time APR
Credit Score
Excellent/Good
Rates & Fees
Up to 4X Reward Rate
Earn 4X Membership Rewards® points at restaurants, plus takeout and delivery in the U.S.; Earn 4X Membership Rewards® points.
Welcome Bonus
Earn 60,000 points
Annual Fee
$250
Regular APR
See Pay Over Time APR
Credit Score
Excellent/Good
Foodies and travelers can leverage the American Express® Gold Card to the hilt, earning up to 4x points. The annual fee may seem intimidating, but by using the included benefits and doing some spending, it’s easy to come out ahead.
- Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
- Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
- Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
- $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
- Get a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.
- Choose the color that suits your style. Gold or Rose Gold.
- No Foreign Transaction Fees.
- Annual Fee is $250.
- Terms Apply.
Why We Recommend the American Express® Gold Rewards Card
For those who spend regularly, especially in the card’s optimized categories like travel, groceries, and gas, these points can quickly add up. This translates to substantial savings, particularly for frequent travelers, as these points can be redeemed for flights, hotel stays, and more.
Another significant advantage is the flexibility in the redemption of points. Whether you’re using points to offset travel costs or everyday purchases like groceries and gas, the card offers versatility in how you use your rewards.
This flexibility is a significant perk for cardholders who value choice and adaptability in their rewards program.
The card’s additional benefits, such as the $100 Annual Travel Credit and complimentary lounge access, enhance the travel experience, making it more comfortable and luxurious. For those who value these experiences, the card’s annual fee can be justified by the value of these perks alone.
In summary, the American Express® Gold Rewards Card is ideal for those who spend regularly on travel and everyday essentials. Its rewards system, combined with the additional travel benefits, makes it a top-tier choice for those who want their spending to go further.
How You Can Use the American Express® Gold Rewards Card
The American Express® Gold Rewards Card is versatile and can be an essential tool in your financial toolkit. Its application extends beyond just travel-related expenses. For instance, its 2X points on everyday purchases like gas, groceries, and drugstore items in Canada make it an excellent choice for daily use.
This feature ensures that your routine expenditures are not just expenses but opportunities to earn valuable rewards.
For travel enthusiasts, the card is a goldmine. The 2X points on travel-related expenses, including flights and hotel bookings, coupled with the additional travel benefits like lounge access, make it an ideal travel companion. It not only makes travel more rewarding but also more comfortable and luxurious.
Moreover, the card’s flexibility in points redemption means you can use it to cover a wide range of expenses. From offsetting the cost of a dream vacation to covering mundane expenses like groceries, the card adapts to your spending habits and preferences.
In essence, the American Express® Gold Rewards Card is suitable for anyone who seeks to maximize their spending power.
Whether for travel, daily essentials, or a combination of both, this card turns your expenses into rewarding experiences.
Advantages of the American Express® Gold Rewards Card
A major draw of the American Express® Gold Rewards Card is its lucrative rewards program. The possibility of earning up to 60,000 Membership Rewards points in the first year is an exceptional offer. For frequent travelers, this translates into significant savings on travel expenses.
Additionally, the card offers double points on travel-related expenditures, including flights and hotel bookings, as well as on everyday essentials like gas, groceries, and drugstore purchases in Canada.
The card’s travel perks are another highlight. The $100 Annual Travel Credit, combined with four complimentary visits to Plaza Premium Lounges in Canada per year, enhances the travel experience, offering a touch of luxury and comfort.
The choice of card design in Gold or Rose Gold, made with 13g stainless steel metal, adds a premium feel to the card ownership.
Disadvantages of the American Express® Gold Rewards Card
While the American Express® Gold Rewards Card boasts numerous benefits, it does come with a notable annual fee of $250. This fee could be a deterrent for those who may not spend enough to justify the cost through the rewards and benefits.
Additionally, the interest rates of 20.99% on purchases and 21.99% on funds advances are relatively high. These rates may not be favorable for cardholders who tend to carry a balance on their card.
Credit Analysis for the American Express® Gold Rewards Card
The credit approval process for the American Express® Gold Rewards Card is thorough, reflecting industry standards.
American Express assesses applicants based on their credit history, current financial standing, and potential creditworthiness. This includes a detailed review of your credit score, which should ideally fall within the good to excellent range.
Applicants need to be Canadian residents with a Canadian credit file and have reached the age of majority in their province or territory.
American Express evaluates your financial health by looking at your income stability, employment status, and existing debt obligations.
It’s important to note that applying for the card involves a hard inquiry into your credit report, which can temporarily impact your credit score. Therefore, it’s advisable to apply for the card only if you meet the eligibility criteria and feel confident about your financial stability and ability to manage credit responsibly.
Maximum and Minimum Credit Limits of the American Express® Gold Rewards Card
Understanding the credit limits for the American Express® Gold Rewards Card is crucial for potential cardholders.
American Express customizes credit limits based on individual financial profiles. This means there’s no set minimum or maximum limit publicly disclosed. Your credit limit will be determined by factors such as your credit history, income, and financial stability.
This personalized approach ensures that the credit limit you receive is suited to your unique financial situation. It’s important to manage this credit wisely, as responsible usage can lead to an increased limit over time.
How to Apply for the American Express® Gold Rewards Card
Interested in experiencing the benefits of the American Express® Gold Rewards Card? Applying is a simple and straightforward process.
By clicking the link below, you’ll be directed to the official application page. You’ll need to provide some basic information, including your personal details, income verification, and proof of Canadian residency.
It’s essential to meet the eligibility criteria, such as being of legal age in your province or territory and having a Canadian credit file. Ready to elevate your credit card experience? Click the link below to start your application for the American Express® Gold Rewards Card.
