American Express® Gold Rewards Card Review

By: Heather Hanks Aug. 14, 2019

The American Express® Gold Rewards Card allows you to earn two points for every dollar spent on travel and everyday purchases. You’ll also earn one point for every dollar spent everywhere else, including on hotel and car rentals. It’s the perfect card for the serious traveler as well as for your everyday needs. The American Express® Gold Rewards Card Benefits don’t end with points. You’ll also get a free additional card, up to $100 in hotel credit, entertainment access, and more. With an affordable annual fee and endless ways to save, the American Express® Gold Card is the perfect card no matter what your needs are. Below is our American Express® Gold Rewards Card review.

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Overall Rating

What is the American Express® Gold Rewards Card?

The American Express® Gold Rewards card is one of several credit cards offered by American Express for both everyday purchases and travel benefits. It’s an extremely versatile card that works by allowing you to earn points for your purchases. You can redeem these points for statement credit, travel expenses, and loyalty programs. The American Express® Gold Rewards Card offers two points for every dollar spent on eligible travel and daily purchases. You’ll also get one point for all other purchases. Plus, you’ll earn an additional point for every dollar spent on hotel expenses and car rentals made online through American Express Travel. It’s an ideal card whether you need it for groceries, gas, or travel. We love that the American Express® Gold Card Rewards card offers great travel benefits. These include benefits from The Hotel Collection, which gives you access to over 600 hotels and resorts throughout 30 countries worldwide during a two night stay. American Express also gives you 25,000 bonus points just for signing up when you spend $1,500 on your card within the first three months of membership.
Here is some basic information about the American Express® Gold Rewards Card:
  • Card type: charge card (payments must be made in full each month; late payments are subject to 30% interest fee)
  • Annual fee: $150 (you’ll get one free additional card when you sign up, which is a $50 value)
  • Welcome bonus of 25,000 points when you spend $1,500 on your card within the first three months of membership
  • Redeem your points for statement credit, flights within Canada, and loyalty programs
  • Earn two points for every dollar spent on eligible everyday and travel purchases
  • Earn one point for every dollar spent on everything else
  • Earn one additional point when you book your next trip online through American Express Travel
  • You’ll earn travel benefits, such as $100 in hotel credit, room upgrades, and discounts on car rentals
  • Extensive travel coverage includes hotel burglary, rental card theft, delayed flights and baggage, and more
  • Front of the Line® entertainment access to concerts, games, and more
  • Shopping coverage that includes purchase protection and no pre-set limits
  • Online account access and 24/7 concierge customer service

American Express® Gold Reward Benefits

The American Express® Gold Rewards card is an excellent choice because it's backed by American Express customer service guarantee. You can contact someone at American Express 24/7 or access your account online anytime. We like the versatility of this card because it can be applied toward everyday expenses or used as a travel card. You learn points no matter what you use your card on. Plus, you'll be covered for just about anything you use you card for. The American Express® Gold Rewards include travel benefits, rental car discounts, and more. You’ll earn points every time you use your card. These points can be redeemed for statement credit and applied to future purchases on your card. You can also use your points to book flights in Canada or anywhere in the world through the American Express Fixed Points Travel Program. Your points can also be transferred to frequent flyer points and other loyalty programs.
You’ll enjoy travel benefits that include the following:
  • Access to over 600 resorts and hotels in 30 countries worldwide when you book a two-night stay online through American Express Travel
  • As much as $100 in USD hotel credit on eligible hotel expenses charged to your room. This may include golf, spa, and dining expenses. (Note, this cannot be used on the room rate, taxes or fees. Restrictions depend on the property)
  • Free room upgrade when available at check in
  • Hertz rental car benefits such as a one car class upgrade at check in (only works on rental cars of 5 days or more) and fee waived for one additional driver
  • Extensive travel-related insurance coverage that can be used while traveling abroad or shopping locally, including emergency medical insurance, lost baggage insurance, and more
Keep in mind that the above-mentioned rewards may vary based on each individual property. American Express offers some of the best travel coverage around. Our Amex Gold Rewards Card Review includes a full description of each benefit. We love that the American Express® Gold Rewards card is great for everyday basic essentials but also rewards you for traveling. You’ll get discounts when you book your travel expenses online at American Express Travel. You’ll also enjoy free room upgrades when available and discounts on your car rental. This is based on availability when you check in. Plus, every purchase you make is covered. If your flight or baggage is delayed, then you can use your coverage for essentials to get you by. These may include food, dining experiences, and clothing purchases. You'll also be covered in case of medical emergencies.
Here is what you can expect from American Express when you use your card to travel and shop:

Lost or stolen baggage insurance

This policy covers your carry on or checked baggage for up to $500 per trip for all parties when it’s lost or stolen. Airline tickets must be charged to your Gold card for this insurance.

Flight delay insurance

You’re covered for up to $500 when your flight is delayed for at least four hours. You must use your Gold card to purchase your airline tickets to receive this coverage. The money is to be spent on dining, sundry items and other reasonable items until other transportation is available.

Baggage delay insurance

You will receive up to $500 for emergency purchases if your baggage is delayed for six hours . You must use your Gold card to pay for your airline tickets. This money is to be spent on dining, essential clothing, and other emergency purchases until your baggage arrives.

Hotel/motel burglary insurance

If your hotel room is burglarized, then your personal items will be covered up to $500 when you charge your room to your Gold card. This does not include cash.

Trip interruption insurance

You’ll be covered for non-refundable and non-transferable items when you use your card to pay for them. This applies to unused portions of your trip purchased before your departure date. This insurance helps cover you if your trip is interrupted or delayed for a covered reason. Insured persons are eligible for up to $1,500 in coverage per trip for a maximum of $6,000 for all parties combined.

Out of country/province emergency medical coverage

Get coverage of up to $5,000,000 for eligible emergency medicare care. This applies to insured people under the age of 65 who travel out of the country for the first 15 days of their trip.

Car rental theft and damage insurance

Your rental car is covered for up to $85,000 from damaged from theft, loss or damage when you use your Amex Gold card to book it. You must decline the loss, theft or damage waivers provided by the car rental facility to take advantage of this insurance. Most people find that this saves them about $23 per day.

$500,000 accident insurance

You’ll be covered for as much as $500,000 for accidental death or dismemberment when you use your Gold card to purchase your common carrier tickets.

How Does the American Express® Gold Rewards Card Work?

With the American Express® Gold Rewards card, you earn points every time you spend. You’ll get two points for every dollar you spend on eligible purchases at grocery stores and gas stations in Canada. You'll also get two points for every dollar you spend on eligible travel purchases. This includes car rentals, hotels, flights, cruises, and more. Finally, you will earn one point for every dollar you spend elsewhere. Members can also earn an additional point for every dollar you spend when you book your trip online at American Express Travel. This includes eligible car rentals and hotel bookings. Redeeming your points is easy. You'll earn points every time you charge an eligible purchase on your card. These include dining, groceries, gas, travel, retail, and more. You can use your points towards statement credit that can be applied for future purchases. Or use your card to book flights in Canada or anywhere in the world using the American Express Fixed Points Travel program. The fixed points travel system allows you to use your points for a predetermined trip. Your points can also be transferred to loyalty programs, such as frequent flyer programs. Here, you will earn points and credit towards future travel expenses.
Here are some additional benefits you can expect when you become an American Express gold Rewards card member:

American Express® Gold Rewards Card: The Good and the Bad

Every card comes with a list of good and bad. We like that you can use the American Express Gold Rewards card as both an everyday card and a travel card. We also like the idea of using this card as a business card because you get one additional card free. However, this card is better suited for someone who travels because of all the travel insurance and perks. So if you need an everyday card, then you might want to consider something that gives you cash back rewards for things you buy more of.

American Express® Gold Rewards Card PROS

  • 25,000 bonus points when you spend $1,500 within the first three months of membership
  • Earn two points per dollar spent on eligible travel and everyday purchases
  • Earn one point for every dollar spent on all other purchases
  • Earn an additional point when you make travel reservations on American Express Travel online
  • Online account access and 24/7 customer service concierge
  • Extensive travel insurance and buyers protection coverage
  • Emergency card replacement
  • Exclusive benefits for card holders only, including Front of the Line access, discounts at car rentals, free room upgrades, up to $100 in USD statement credit for hotels and more

American Express® Gold Rewards Card CONS

  • There are no cash back rewards with this card. This means you won’t see rewards in the form of money being put back into your account. However, you will save money on future travel and everyday purchases by redeeming your points. You’ll also get discounts when you travel and your points can be redeemed for statement credit.
  • Some people don’t like the annual fee of $150, but this amount is smaller than most cards. Plus, you get an additional card for free. This is a $50 value. You must also pay off your balance in full each month or pay a 30% interest rate.

How To Apply American Express® Gold Rewards Card

The American Express gold rewards card is a charge card and a credit card. Because of this, you may have an easier time getting approved. The website guarantees that you'll have a response within 60 seconds after filling out an application. Having good credit and a good credit history is still a good way to ensure that you'll receive the best terms possible. To apply, visit the American Express gold rewards card website and click on the apply now button. You must be a Canadian resident, have a Canadian credit file, and be of age of majority in the territory or province where you live.

Before you apply, American Express will want to make sure you're aware of a few important terms and conditions. These include the following:

  • The annual fee for this card is $150. You are eligible for one free additional card, which is a $50 value.
  • Dishonored payments are $25 each
  • Point reinstatements are $20 for each reinstatement online for $30 through other channels
  • Foreign currency conversion rate is 2.5%
After you agree to these terms, you will need to enter your full name, email address, date of birth, and personal financial details. You can also apply to the American Express® Gold Rewards card by calling the toll-free number and speaking to a customer service representative.

Ready to Apply?

Apply for the American Express® Gold Card now and get a response in 60 seconds

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Disclaimer

CreditNervana promises to keep our information as accurate and up-to-date as possible. However, you should always consult a financial advisor for specific questions about personal or business finances and investment opportunities, especially if you are looking in your area. Working with a trained professional who is familiar with your case is a safe and guaranteed way to make the best investment decision possible. Please review our terms and conditions before making any decision based on the information we provide. Financial institutions are constantly changing. Because of this, it’s a good idea to cross check the information you read here with any company you are considering working with.

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