Review: American Express Gold Rewards Card Canada

Review: American Express Gold Rewards Card Canada

By | 2018-11-27T11:22:03+00:00 January 7th, 2017|American Express Reviews, Credit Card Reviews, Credit Cards|
Spread the love

I consider the American Express Gold Rewards Card the best travel rewards card for Canadians due to the generous welcome bonus, annual fee waiver for the first year, and high earning potential for everyday spend.

Furthermore, American Express Membership Rewards points are a flexible points currency that can be transferred to a number of airline loyalty programs, including British Airways Executive Club (Avios) and Air Canada Aeroplan at a 1:1 ratio. Points can also be redeemed for a fixed value of 1 cent per point towards travel purchases charged to the card. For more information about the different type of points programs, check out my beginner’s guide to earning and redeeming travel rewards points.

Currently American Express Canada is offering a 30,000 point welcome bonus after spending $1,500 on the card in the first three months of membership and adding a supplementary cardholder during the initial application (no additional fee for the supplement card). That welcome bonus is worth a minimum of $300 if redeemed for a statement credit, but can be transferred to one of the many airline transfer programs for substantially better value, which I will outline below.

First let’s highlight some of the card’s features:

  • 30,000 Membership Reward welcome bonus after spending $1,500 in the first 3 months of membership and adding a supplement card during the application
  • Earn 2 points for every $1 charged to the card at gas stations, grocery stores, travel purchases and drugstore
  • Earn 1 point for every $1 charged everywhere else
  • Emergency medical insurance (out of province)
  • Trip interruption, lost baggage and comprehensive car rental insurance

Similar to the Fine Hotel and Resorts Program offered by the Platinum Card and The Business Platinum Card, The Gold Rewards Card allows access to the Hotel Collection by American Express. For hotel stays booked through American Express travel with a minimum 2 night stay, card members are entitled to the following benefits at select properties:

American Express Gold Card (Canada) Hotel Collection Benefits

American Express Gold Card (Canada) Hotel Collection Benefits

That’s a great benefit as the program rate will always be comparable to the best available rate from the hotel, and in some instances, cheaper.

This is a must have card for anyone hoping to leverage rewards programs to travel for less, and the welcome bonus is enough for a round-trip flight anywhere in North America. Here’s an example how Canadians could redeem their welcome bonus:

Transfer Membership Rewards Points to Aeroplan at 1:1 ratio and redeem for an economy flight anywhere in North America (excluding Hawaii for Aeroplan). In this example, I will show direct flights from Vancouver to Chicago.

American Express Gold Cards Points Redemption

The total cost of the flight in 25,000 Aeroplan points and $63.31 in taxes and fees.

The same flights would cost $774 if booked without points.

Flight Booked Without Points

In this example, redeeming Aeroplan represents good value, netting roughly 2.84 cents per point.

Of course, there are many other ways points could be redeemed, including flights to Hawaii using British Airways Executive club for flights on Alaska Air from the west coast, or simply redeeming points for a statement credit towards travel purchases charged to the card. Regardless of your travel plans, consider applying for the American Express Gold Rewards Card today to start earning valuable membership rewards points!

For those without specific travel goals, or anyone who wants advice in planning a perfect rewards trip, please fill out the initial questionnaire for your free consultation, including a comprehensive overview of your current rewards programs and assistance in setting and reaching your travel goals faster!

American Express Platinum Canada

American Express Platinum Card

  • Earn 60,000 bonus points when you spend $5,000 in the first 3 months.

  • Get a $200 travel credit & airport lounge access worldwide.
  • $699 annual fee.

Apply Now!

About the Author:

Champagne taste on a beer budget has always been reminiscent of Tyler’s travel style. Raised in British Columbia, Tyler has an unquenchable thirst for more adventure, which is fueled by leveraging airline and hotel loyalty programs to travel the world in luxury and style. Want to learn how you can travel the world on points, like Tyler? Sign up for an American Express Platinum card and get 60,000 bonus points and a $200 travel credit towards your next dream vacation. (Offer subject to approval and when you spend $5,000 in the first 3 months).

2 Comments

  1. Lyle November 14, 2018 at 2:41 pm - Reply

    Unable to access rewards for some weeks now. Not available. I guess they don’t won’t to allow people to use the points.

    • Brittany Menard November 16, 2018 at 1:13 pm - Reply

      Hi Lyle,

      That’s frustrating for sure! Are you getting a specific error on American Express’s website? I know their site has been having some major issues the last few weeks and other people have been complaining as well!

Leave A Comment