Full Answer
How hard is it to get American Express Gold?
In a nutshell, you can qualify for the American Express Gold if you meet these criteria:
- Have a minimum 670 FICO score
- Your existing cards are in good standing
- Qualify for the welcome offer
What are the benefits of an American Express Gold Card?
Other American Express Gold Card Benefits
- Amex Offers. ...
- Rental Car Insurance (secondary) The Amex Gold provides secondary rental car insurance when using it to pay for your vehicle. ...
- The Hotel Collection Perks and Up to $100 Credit for 2-Night Stays. ...
- Purchase and Extended Warranty Protection. ...
- Baggage Insurance. ...
- Trip Delay Insurance. ...
- Personalized Travel Services & Global Assist Hotline. ...
How much does the American Express Gold Card cost?
Why It's Not for Everyone
- There is that $250 annual fee. This is on the high end for cards in general, but you may be able to justify it based on how often you'll use ...
- You need good/excellent credit: Are you wondering how to qualify for an American Express Gold Card? ...
- It's not accepted everywhere: Not all merchants take American Express. ...
Does American Express Gold Card have an annual fee?
Some offers mentioned below are no longer available. The American Express® Gold Card is a great card for dining out, ordering takeout and traveling, but it comes with a relatively high $250 annual fee. (See rates and fees.)
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How do I earn points on American Express?
1. You can earn 2 Membership Rewards points (“points”) for every $1 in eligible consumer purchases at American Express retail merchants as follows: (i) at stand-alone automobile gasoline stations in Canada, (ii) at stand-alone drugstores in Canada, (iii) at stand-alone grocery stores in Canada, and (iv) for travel services or travel bookings including air, water, rail and road transport, lodging and tour operator sales but not including local and commuter transportation. Purchases at merchants where gas, grocery, pharmacy and travel sales are not their primary business (including superstores, wholesale clubs, alcohol retailers and general merchandise retailers) do not qualify for the earn rate in this category. Merchants are typically assigned codes and categorized based on what they sell. Earn rate of 1 point for every $1 applies if the merchant code is not in an eligible category, or is not made directly from the provider of the good or service, e.g. through a third party or by using a mobile device (e.g. smart phone) with an attached card reader. Provided your account is in good standing, points can be earned on eligible purchases less returns and other credits Interest charges, annual fees, other charges and cash equivalent transactions are not purchases and do not qualify for Membership Rewards points.
What is an eligible card?
An “Eligible Card” is a valid, Membership Rewards enrolled (a) American Express Consumer Card, (b) Business Card from American Express, or (c) American Express Corporate Card (“Corporate Card”), which must be issued in Canada by Amex. You will only be able to use MR Points if you are the primary account holder of the Eligible Card. In addition, the Eligible Card account must also be in good standing and not in default at the time of redemption. To participate, you must have an Eligible Card and have at least 1 point in your MR Points account.
What is a priority pass?
Priority Pass is an independent airport lounge access program. All lounge visits are subject to a usage fee at the prevailing rate, which is subject to change without prior notice. This fee applies to the Cardmember and his/her guests. Some lounges do not admit guests. By enroling in Priority Pass, you agree that you will be responsible for all visit costs and that American Express Gold Rewards Card will be automatically charged after you have signed for the visit and it has been reported to Priority Pass by the participating lounge. Additionally, American Express will verify your Card account number and provide updated Card account information to Priority Pass. Priority Pass will use this information to fulfill on the Priority Pass program. Once your enrolment has been processed, Priority Pass will send you a welcome package, Priority Pass card and a list of participating lounges. For details on how Priority Pass uses your personal information, please refer to their privacy policy at prioritypass.com. Once enroled, American Express Gold Rewards Cardmembers whose Card account is not cancelled may access participating Priority Pass lounges by presenting their Priority Pass card and airline boarding pass for same-day travel. In some lounges, Priority Pass member must be 21 years of age to enter without a parent or guardian. Priority Pass members must adhere to all house rules of participating lounges. Amenities may vary among airport lounge locations. Conference rooms, where available, may be reserved for a nominal fee. Priority Pass lounge partners and locations are subject to change. All Priority Pass members must adhere to the Priority Pass Conditions of Use, which will be sent to you with your membership package and can be viewed at prioritypass.com. Upon receipt of your enrolment information, Priority Pass will send your Priority Pass card and membership package which you should receive within 10–14 business days. If you have not received the Priority Pass card after 14 business days, please contact Card Services using the number on the back of your American Express Gold Rewards Card. Please note, Supplementary American Express Gold Rewards Cardmembers are not eligible for membership. Priority Pass non-lounge airport experiences such as airport dining credits are only offered in a few select locations. Select locations are subject to change. For a complete listing of Priority Pass lounge and non-lounge airport experience locations, login to your account at prioritypass.com.
How often does American Express give a credit?
11. Effective October 18, 2021, American Express ® Gold Rewards Cardmembers are eligible to receive a $50 CAD statement credit every four (4) years for the application or renewal fee for the NEXUS program when charged to an eligible Card. Only one statement credit per account per four (4) year period may be issued, regardless of whether the NEXUS fee is charged on the Basic or Supplementary Card. American Express will not provide a statement credit for subsequent NEXUS application or renewal fees charged to the same eligible Card within the same four (4) year period even if the original application is rejected. For existing Cardmembers as of October 18, 2021, the first four (4) year period runs from October 18, 2021 until October 17, 2025. For new Cardmembers after October 18, 2021, the first four (4) year period runs from the initial Card anniversary date until the day before the fourth (4th) Card anniversary date. In either case, each subsequent four (4) year period follows the period that immediately preceded it. American Express has no control over the application and/or approval process for the NEXUS program and does not have access to any information provided to the government by the Cardmember or by the government to the Cardmember. American Express has no liability regarding the NEXUS program. American Express and the Canada Border Services Agency (CBSA) are separate and independent legal entities, neither of which is endorsing the other. The NEXUS program is run by CBSA and the U.S. Customs and Border Protection independently (without administration by American Express). For additional information on the NEXUS program, please visit cbsa-asfc.gc.ca/prog/nexus/term-eng.html. The NEXUS program is subject to change, and American Express has no control over those changes.
What is Air Canada Pay with Points?
Air Canada Pay with Points: By participating in the Pay with Points program (the “Pay with Points Program”) using American Express Membership Rewards ® (“MR Points”) when making an eligible purchase on the Canadian edition of AirCanada.com or the Air Canada mobile app, you agree to these Terms and Conditions for the Pay with Points Program for Air Canada (“Terms and Conditions”),. Eligible purchases include only those flight purchases made directly on the Canadian edition of AirCanada.com or the Air Canada mobile app. RBC travel insurance purchases are not eligible purchases for the Pay with Points Program. You agree that Amex Bank of Canada and its affiliates (collectively, “Amex”) may collect personal information from Air Canada and its affiliates (collectively, “Air Canada”) that you have provided and that is necessary to facilitate your transaction using Pay With Points for Air Canada. Amex may share information with Air Canada regarding your MR Points account for the sole purpose of managing and facilitating the Pay with Points Program using MR Points. This information sharing allows us to determine your card’s eligibility, and Amex may provide Air Canada with information about your MR Points account, including your total MR Points balance. We may also collect information that you have provided to Air Canada so that we can perform our functions with respect to the Pay with Points Program, including processing payments made with MR Points. Neither Air Canada nor Amex will use information provided to it by the other party in support of the Pay with Points Program for any purpose other than as expressly set forth in these Terms and Conditions.
How many points do you need to redeem a membership?
You can redeem Membership Rewards points for a statement credit towards an Eligible Purchase charged to an Eligible Card. You must redeem a minimum of 1,000 points per redemption. Statement credits on your Card Account should not exceed the aggregate amount of the Eligible Purchase (s) on your Eligible Card.
How long does it take to get a gift card from Canada Post?
If the value of the Gift Card, Prepaid Card or Certificate is less than $200, it will be delivered by Canada Post which could take up to one week for delivery. If the reward value is greater than $200 but less than $500, it will be delivered by Priority Post within 3-5 business days. If the reward value is $500 or more, it will be delivered by Priority Post within 3-5 business days and will require a signature upon delivery. If you are not available at home at the time of delivery, directions to the nearest postal location will be left at your door. Rewards that are not in stock may take additional time to deliver.
What is the American Express Gold Card?
The American Express Gold Card is very rewarding for travel, restaurant and supermarket purchases, and comes with a bevy of luxury travel and dining perks to boot.
Who should get the Amex Gold card?
Cardholders who spend a significant amount on restaurant and U.S. supermarket purchases.
What are Amex Gold card points worth?
In fact, we value Amex points at 1.19 cents per point on average. While this is not the highest point value you can find on a rewards card, when you combine it with a great rewards rate, it makes the Gold card a lucrative option.
What do Amex Gold cardholders say?
As Andrew Hollar, founder of Fig and a self-described points and miles aficionado put it: “I find that most families (my own included) spend more money on food each month than any other expense . Earning 4x points at both U.S. supermarkets* and restaurants is ridiculously valuable.”
How many points does an Amex Gold card give?
At restaurants, including takeout and delivery, the Amex Gold Card earns 4 Membership Rewards points per dollar. Uber Eats also counts as part of the 4 point-per-dollar bonus category, allowing you to earn bonus points for getting your favorites delivered.
Which is better, Amex Gold or Platinum?
While both cards should offer terrific value to frequent travelers, the Amex Gold will probably be the better everyday rewards option. That’s because it offers ongoing rewards not just on travel purchases, but also restaurants and U.S. supermarket purchases. The Platinum card only offers ongoing bonus points on directly purchased airfare and flights or hotels booked with American Express Travel. The Platinum Card currently offers 10 points per dollar on eligible purchases at restaurants worldwide and when you Shop Small in the U.S. (on up to $25,000 in combined purchases) for the first six months of card membership.
How much is the purchase protection on American Express Gold?
Purchase protection – For eligible purchases made with your Gold card, you can be covered up to $10,000 per claim ($50,000 max per year) in the case of damage or theft. If you are a frequent traveler, the travel credits and benefits that come with the American Express Gold card are very appealing.
How much does an American Express Gold card cost?
Although its annual fee of $250 (see rates and fees) might seem pricey to some, the American Express Gold Card regularly ranks as one of our top rewards cards thanks to a few key features.
How many points does the American Express Gold Card have?
With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at restaurants, at U.S. supermarkets (up to $25,000 per calendar year; then 1x), and 3x points on flights booked directly with airlines or through amextravel.com.
What are the benefits of Amex Gold?
The Amex Gold offers the following benefits, which go a long way toward offsetting the annual fee of $250 (see rates and fees ): 1 Up to $120 annual dining credit. Earn up to $10 in statement credits monthly when you pay with the Gold Card at participating dining partners, including Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, some Shake Shack locations and Boxed. This perk is a monthly statement credit similar to the Uber credit on The Platinum Card® from American Express. Enroll through the Amex website to get this benefit. 2 Up to $120 in annual Uber Cash: Earn up to $10 in Uber Cash monthly for Uber Eats and Uber rides in the U.S. Must add card to the Uber app to receive Uber Cash benefit. 3 Baggage insurance. If your luggage is lost, stolen or damaged when you’re traveling with a common carrier and you purchased your ticket with the Amex Gold, you’ll be eligible for up to $1,250 in coverage for carry-on baggage and up to $500 for checked baggage.
How much is Chase Sapphire card?
One of the most obvious comparisons is the Chase Sapphire Preferred Card, with a $95 annual fee. It is currently offering 60,000 bonus points after you spend $4,000 on purchases within the first three months of account opening. Those bonus points are worth around $1,200 by TPG valuations. The card has also recently improved its earning rates so that it now accrues:
How much baggage insurance does Amex Gold offer?
Baggage insurance: If your luggage is lost, stolen or damaged when you’re traveling with a common carrier and you purchased your ticket with the Amex Gold, you’ll be eligible for up to $1,250 in coverage for carry-on baggage and up to $500 for checked baggage.
How many points per dollar on other travel?
2 points per dollar on other travel.
How much is the hotel credit on Amex?
Up to $100 in hotel credits: Cardmembers who use their card to book a stay of two nights or more through Amex’s The Hotel Collection receive a $100 on-site credit for qualifying activities. Depending on the property, this could include dining, spa treatments or other activities.
Why are American Express points so valuable?
American Express Membership Rewards points are valuable because they are flexible. The points can be transferred to nearly two dozen airline partners, most at a 1:1 ratio. In addition, American Express offers frequent transfer bonuses which allow you to maximize your earnings.
How to redeem American Express points?
One of the easiest ways to redeem Membership Rewards points is for flights at 1 cent per point via American Express Travel. By doing so the flight booked with points will count as a “cash” flight in the eyes of the airline and may earn miles depending on the fare code and cost of the ticket.
How much does a Platinum card cost?
The Platinum Card® from American Express is one of the most prestigious cards on the market, with a $695 annual fee to match (Terms Apply. See rates & fees ). The card earns 5 Membership Rewards points per dollar spent on flights purchased directly through airlines or American Express Travel, on up to $500,000 per calendar year, then 1 point thereafter. It also earns 5 points per dollar on prepaid hotels booked through American Express Travel. All other purchases on the card earn 1 point per dollar.
Does Amex Gold have perks?
Although the Amex Gold offers elevated rewards across a wider swath of spending categories than the Amex Platinum, it can’t match the swank perks that Platinum cardholders receive. Premium lounge access, Gold status with Hilton and Marriott Bonvoy hotels with enrollment, Uber Cash for eligible spending when your card is linked to your account, Saks Fifth Avenue credits and credits on airline incidental expenses on an eligible airline you select each year and other perks all come with card ownership, enrollment required.
What is Global Assist Hotline?
Global Assist Hotline: 24/7 access for medical, legal, financial and other select emergency assistance and coordination services.
Does Capital One have a reward card?
You won’t get the dining and Uber Cash that the Amex Gold card has, but the Savor’s lower annual fee may make that acceptable to you.
Is the American Express Green Card better than Amex Gold?
The American Express Green Card could be a better fit then the Amex Gold if more of your budget is spent on getting around, particularly for those who commute and road-trip more than they fly.
How much can you refund with American Express?
If you try to return an eligible item within 90 days from the date of purchase and the merchant won’t take it back, American Express may refund the full purchase price, up to $300 per item, up to a maximum of $1,000 per account per calendar year based on the date of purchase. Terms apply.
Does Amex offer free shipping?
If you enroll in AmEx's ShopRunner service and use your card to pay with a participating merchant, you'll get complimentary two-day shipping and free returns. Terms apply.
Can you transfer Amex points to Amazon?
The Membership Rewards points you earn with the American Express® Gold Card can be redeemed several ways, including for statement credits, gift cards or on Amazon.com. But transferring points to AmEx's multiple airline and hotel partners will almost always net you the most value per point. AmEx features more such travel partners than any other major U.S. credit card loyalty program. Here’s the list of Membership Rewards partners and transfer rates.
1. Your credit score
Odds are that you’ve heard of credit scores. These numbers, derived from your financial history, indicate to creditors whether you’re a risky investment.
2. How to use American Express Membership Rewards
You don’t have to be a points expert to apply for the American Express® Gold Card. That being said, American Express Membership Rewards points are highly versatile, and knowing how to maximize them can greatly improve your travel experiences.
3. Your lifestyle
Many cards offer different spending benefits, so you’ll always want to make sure that you’re applying for one that suits your needs. The American Express® Gold Card is no different — it’s a heavy hitter when it comes to all things food, but falls behind on other purchases:
4. Your travel plans
Along with great dining benefits, the American Express® Gold Card comes with strong travel perks. Among other questions, you may be wondering, “Does the American Express® Gold Card cover rental car insurance?”
5. Your existing credit cards
Did you know that American Express will allow you to receive a welcome offer for a specific card only one time? This means that if you already hold the American Express® Gold Card or have held it in the past, you won’t be able to receive another welcome bonus.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:
How much does an American Express Gold card cost?
The American Express Gold Card. The Gold card comes with an annual fee of $250, and there is no annual fee for adding any additional cards to a Gold account. 1 One of the biggest perks for any cardholder is the membership rewards program, which allows consumers to earn points as they use their credit cards.
What is the best card to use for Amex?
The Platinum card is great for people who love to travel. There are obviously many more perks that come with the Platinum card than with the Gold, especially when you consider the higher annual fee. Rewards can be used for merchandise, gift cards, dining, shopping, entertainment, or for use at the Amex travel website.
How do I decide between the Platinum or Gold card?
The answer comes down to your income, how much you charge, how much you travel, and what you can afford. Do you want to pay extra for bells, whistles and perhaps imaginary status? If so, the Platinum card comes loaded with perks, but you'll pay more.
How much is the late fee on a Gold card?
The first late payment made will incur a fee of $28. Any additional late payments in the following six months will result in a $39 charge per month for a gold card in June 2020. 4 The same rules apply to any payment that is returned by the cardholder's bank.
What is Platinum Card?
For those who can afford to live at a very VIP level, the Platinum card offers a slew of extras such as discounts on private jet and limousine rentals and a dedicated concierge service to assist in managing travel details. American Express even holds reservations at exclusive restaurants worldwide should you require feeding when you travel. 2
When did Amex stop charging over limit fees?
Amex stopped charging the over-limit fee in October 2009, so cardholders are not charged a fee for going over their limit, which is dynamically set over time vs. a preset limit as with traditional credit cards. 6 .
How many points do you get with American Express?
American Express Gold cardholders can earn four points for every dollar spent at U.S. restaurants and U.S. supermarkets (up to $25,000 in purchases), three points for every dollar spent booking flights with airline companies or through the American Express travel website, and one point for every dollar spent on any other purchase. 1 .
