Pairs well with...

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Emergency Medical Term 15 days
Trip Interruption $1,500
Flight Delay $500
Baggage Delay $500
Lost or Stolen Baggage $500
Hotel Burglary $500
Rental Car Theft & Damage Yes

Please review your insurance certificate for details, exclusions and limitations of your coverage.

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Our review of the American Express Gold Rewards card

The American Express Gold Rewards Card is one of the best all-around credit cards in Canada.

It gives you complete control of your rewards allowing you to choose from flexible travel points, 1:1 transfers to airline miles, or you can even redeem your points instantly as a statement credit to pay for any purchase you make on the card.

Transfer points to airline miles

Transferring your points to airline miles will, by far, give you the highest value for your rewards if you're willing to transfer to either Air Canada Aeroplan or British Airways Avios airline rewards programs. You can expect up to 3x the value of your rewards when redeeming for flights on Aeroplan compared to redeeming your points for statement credits.

Amex Fixed Flights chart

And that's not the only way you can get good value for flights. The points you accumulate can also be used for the Amex Fixed Points Travel Program chart. Purchase a flight, and use a set number of points to pay for the base airfare. Here is how many points are required depending on where you want to go for economy fares:

American Express Fixed Flights Chart

If you can maximize your points using this chart, you can get up to 2 cents in value for each point. Just note you always have to pay any taxes, fees and carrier surcharges associated with the ticket.

You can also transfer points to Marriott Bonvoy Rewards, where 5 Amex points will become 6 Marriott Bonvoy points. If you're looking at a hotel stay that offers great value, this can be a great transfer alternative.

Book any travel

Both options above provide great value, but the value will vary when you redeem. Luckily there's an option that will give you a guaranteed return for your points. Simply book any travel and charge it to your card, then use your points to pay for that purchase. Each point is worth one cent when redeemed this way.

How to earn points

Another reason to love this card? It's the only travel card that gives you double points on 4 bonus spending categories: gas, grocery, drugstore, and travel.

To top it all off, there is up to a 25,000 point welcome bonus* worth about $750 when you transfer those points to Aeroplan and redeem them for long haul flights within Canada and the USA - Halifax to Vancouver, for example.

American Express offers a great comprehensive travel rewards card, with a vast array of redemption options.

Want a card that earns even more points? The offers:

  • 5 points on groceries and restaurants,
  • 2 points on travel, gas and transit purchases; and
  • 1 point per dollar spent.

The downside? These points earned cannot be transferred to airline partners. So if that's what you're after, this card won't have as much value to you.

If a guaranteed return is what you're after, the is a great option. Get a return of 1.5% on all of your purchases when you redeem your points at Expedia For TD, plus get a 4.5% return on any spending at Expedia For TD.

What are your thoughts?

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

* Conditions apply.

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