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Published January 1, 2024
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American Express Gold Rewards Card Review 2024: Is It Worth It?

The American Express Gold Rewards Card is a metal credit card with accelerated rates on travel, grocery store, gas station and drugstore spending.

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4.5

NerdWallet Rating

Best for travel lovers who want a flashy card.

The American Express Gold Rewards Card offers flexible rewards points, travel perks and robust insurance coverage.

Learn more about how we evaluate cards.

    If you like to travel without being tied to a particular airline and typically use your credit card at the grocery store, gas station or drugstore, the American Express Gold Rewards Card may be a practical choice.

    American Express® Gold Rewards Card

    American Express® Gold Rewards Card
    • Annual Fee
      $250
    • Interest Rates
      20.99% / 21.99%
    • Rewards Rate
      1x-2x Points
    • Intro Offer
      Up to 60,000 Points
    Card details
    • Earn up to 60,000 Membership Rewards® points:
    • New American Express® Gold Rewards Cardmembers, earn 5,000 Membership Rewards® points for each monthly billing period in which you spend $1,000 in net purchases on your Card.
    • This could add up to 60,000 points in a year. That’s up to $600 towards your next vacation.
    • Earn 2 points for every $1 in Card purchases for eligible travel purchases, including flights, hotels, car rentals, cruises, and more.
    • Earn 2 points for every $1 in Card purchases at eligible gas stations, grocery stores and drugstores in Canada, and 1 point for every $1 in Card purchases everywhere else.
    • The Card is now available in your choice of Gold or Rose Gold metal options.
    • Receive a $50 CAD statement credit when a NEXUS application or renewal fee is charged to your American Express Gold Rewards Card.
    • You have access to an annual $100 CAD Travel Credit, compliments of your American Express Gold Rewards Card. Use the credit once annually towards any single travel booking of $100 or more charged to your Gold Rewards Card through American Express Travel Online.
    • As a Gold Rewards Cardmember, you can receive complimentary membership in Priority PassTM – one of the world’s largest independent airport lounge programs. Escape the chaos of airports and relax in an oasis of calm and simply enjoy the fact that the travel experience has begun before your plane has even left the ground. Enrollment is required and entry fees apply.
    • Enjoy four (4) complimentary visits per Calendar year to Plaza Premium Lounges across Canada. Entry fees apply once complimentary visits have been used.
    • Charge any eligible purchase to your credit Card then log in to redeem your earned points for a statement credit.
    • Transfer points 1:1 to several frequent flyer and other loyalty programs.
    • 1 Free Additional Gold Rewards Card (a $50 value) to help you earn points faster.
    • Subject to approval. The preferred rate for purchases is 20.99% and funds advances is 21.99%. If you have Missed Payments, the applicable rates for your account will be 25.99% and/or 28.99%. See the information box included with the application for the definition of Missed Payment and which rates apply to charges on your account and other details.
    • American Express is not responsible for maintaining of monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.
    • To be eligible, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.

    American Express Gold Rewards Card full review

    The American Express Gold Rewards Card, also called the Amex Gold Rewards Card or Amex Gold Card, is a metal credit card that earns American Express Membership Rewards points. Cardholders earn points for each eligible dollar spent, with accelerated rates on travel, grocery store, gas station and drugstore spending.

    Benefits of the American Express Gold Rewards Card

    Drawbacks of the American Express Gold Rewards Card

    Who should get the American Express Gold Rewards Card?

    Travel lovers who frequently spend at the grocery store, gas pumps or drugstore will be able to make the most of this credit card’s rewards program and benefits. It provides comprehensive travel insurance and numerous travel-related perks, like NEXUS fee rebates and airport lounge passes. 

    Is American Express Gold Rewards worth it?

    Whether the American Express Gold Rewards card is worth it depends on your spending habits. If you want a card that earns points on gas, groceries, drugstore purchases and travel purchases, the card could very well make sense. Plus, it offers extensive travel insurance and a flexible loyalty program — you can redeem points through multiple airlines, not just one.  

    However, the $250 annual fee may be a little steep for some budgets.

    » MORE: Best American Express credit cards

    American Express customer ratings

    Amex Gold Rewards Card eligibility

    Who qualifies for the American Express Gold Rewards Card?

    You must be a Canadian resident and at least the age of majority for your province or territory to be eligible for the Amex Gold Rewards Card.

    Approximate credit score needed for approval

    Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. What we do know is that higher scores have better chances of approval — that’s true no matter what type of credit you’re applying for.

    Want to learn more? Our guide can help you figure out what credit score is typically needed for a credit card.

    American Express Gold Rewards Card rewards

    Up to 60,000 points in the first year of membership. 

    • Earn 5,000 Membership Rewards points for each monthly billing period in which you spend $1,000 in net purchases.
    • 2x points on eligible travel purchases.
    • 2x points on eligible purchases at gas stations, grocery stores and drugstores in Canada.
    • 1x points on all other eligible purchases.
    • 1 additional point on every dollar spent on eligible car rental and hotel bookings made through American Express Travel Online.

    The total value of the 60,000 points welcome offer could be worth up to $600, according to the American Express website.

    Beyond its welcome offer, the Amex Gold Card has additional benefits that deliver value. Cardholders get a $100 annual travel credit to redeem for trips booked through American Express Travel Online and a $50 statement credit for NEXUS application or renewal fees charged to the card. Plus, staying at least two consecutive nights at eligible hotels yields a US$100 credit for hotel amenities.

    Point value breakdown

    The value of an American Express Membership Rewards point depends on the redemption method you choose, but you can expect to get around 0.7-2 cents per point based on our NerdWallet analysis. Here’s our breakdown: 

    How to apply for the American Express Gold Rewards Card

    You can complete the application for the Amex Gold Card from the American Express website:

    1. Select the Apply Now button on the American Express Gold Rewards Card page.
    2. Review the card’s terms and conditions and select Agree and Begin to continue. 
    3. Enter your personal details, including your full name, date of birth, phone number, email address and postal code.
    4. Tell American Express about your finances and any other required details. 
    5. Review the information you’ve supplied and submit your application.

    American Express Gold Rewards Card vs. Amex Platinum Card

    Open to paying a higher annual fee if it means greater benefits? Here’s how the American Express Gold Rewards Card stacks up to the more luxurious — and more expensive — American Express Platinum Card.

    AMERICAN EXPRESS GOLD REWARDS CARDAMERICAN EXPRESS PLATINUM CARD

    Annual fee$250.$799.
    Card typeCredit card. Charge card.
    Rewards1x-2x Points.1x-2x Points.
    Travel perks
    • $100 travel credit for American Express Travel Online.

    • $50 NEXUS fee rebate.

    • Four airport lounge passes annually.

    • US$100 credit for hotel amenities when you stay two consecutive nights.
    • $200 travel credit for American Express Travel Online or Platinum Card Travel Service.

    • $200 annual dining credit for select Canadian restaurants.

    • $100 NEXUS fee rebate.

    • Free and unlimited access to over 1,300 global airport lounges.

    • Receive late check-out, daily breakfast for two and other complimentary benefits at over 1,300 hotels worldwide.

    • Get fast-tracked for hotel loyalty programs.

    • Access priority security lanes, discounted parking and complimentary valet service at Toronto Pearson Airport.

    Reasons you might want a different card

    The Amex Gold Card earns American Express Membership Rewards points and comes with an attractive lineup of perks, but there are a few circumstances where it won’t be a practical fit: 

    American Express Gold Rewards Card facts

    American Express Gold Rewards Card
    Card typeMetal rewards credit card.
    Fees and interest rates
    Annual fee$250.
    Regular/purchase APR20.99% / 21.99%.
    Penalty APR25.99% if you miss two payments within 12 months, and 28.99% if you miss three payments within 12 months.
    Cash advance APR21.99%.
    Cash advance fee$2.75 per transaction.
    Balance transfer3% of transaction.
    Foreign transaction fee2.5% of transaction.
    Rewards and benefits
    Intro offerUp to 60,000 Points.
    Reward earn rates1x-2x Points.
    Other perks

    • Choose between gold or rose gold for the design of your stainless steel card.

    • Receive a $100 annual travel credit to redeem for travel experiences booked through American Express Travel Online.

    • Enjoy four complimentary passes to Plaza Premium Lounges across Canadian airports annually.

    • Get a $50 statement credit when you charge a NEXUS application or renewal fee to your card.

    • Access over 1,200 airport lounges across the world via Priority Pass (for a fee).

    • Stay at least two consecutive nights at eligible hotels to get a US$100 credit for hotel amenities, like dining, spa treatments, room upgrades and more.

    • Enroll in the Hertz Gold Plus Rewards program to receive car class upgrades on rentals of five or more consecutive days and waived fees for one additional driver.

    • Access exclusive ticketing presales for concerts, shows and special events through the Front Of The Line program.

    • Enjoy special access to advanced film screenings, food festivals, private shopping experiences and curated offers through the American Express Experiences program.

    • Skip the crowds and lineups at popular Toronto event venues like the Budweiser Stage and the Royal Alexandra Theatre.

    • Relax in exclusive Priority Bars when you take in a Toronto show at the Princess of Wales and Ed Mirvish Theatres.

    Insurance coverage
    Travel accidentUp to $500,000.
    Emergency medicalUp to $5 million per person under age 65, per trip.
    Flight and baggage delay
    Up to $500 per person for meals and accommodations.
    Lost or stolen baggageUp to $500 of coverage per trip for all insured persons.
    Hotel burglaryUp to $500 of coverage for personal items (excluding cash).
    Rental car theft/damageFor up to 48 days.
    Extended warrantyUp to one additional year.
    Purchase protection90 days.

    Rating Methodology

    NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

      Frequently asked questions about American Express Gold Rewards Card

      How do you qualify for an Amex Gold Card?

      To be eligible for the Amex Gold Rewards Card, you must be a Canadian resident and at least the age of majority for your province or territory.

      Is the Amex Gold Card a metal card?

      Yes, the American Express Gold Rewards Card is a metal credit card. It’s made of stainless steel and is available in gold or rose gold finish.

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