American Express Gold Rewards Card
American Express travel card with a $250 annual fee. Earns 2x on travel, 2x on gas, grocery and drugstore purchases in Canada, 1x on everything else.
Terms read from American Express's page on October 16, 2026. Rates and terms are set by the issuer and may change. We don't estimate approval odds.
Fees and rates
- Annual fee
- $250
- Additional card
- $50
- Foreign transaction fee
- Not stated
- Purchase APR
- 21.99%
Rewards
- 2x on travel
- 2x on gas, grocery and drugstore purchases in Canada
- 1x on everything else
Earns American Express Membership Rewards (Canada), valued at 1 cents as cash, 1 through the issuer's travel booking and 2.2 with transfer partners.
Credits, as counted
- Annual travel credit: $100 a year80% used
Perks, not valued
- Priority Pass lounge access
Not confirmed
- Foreign transaction fee isn't on the card page.
Worked examples
Value on each spending preset, points redeemed as cash, typical use of credits.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student | −$9 | −$9 | −$26 | Never |
| Family | $995 | $395 | $1,786 | Month 2 |
| Frequent traveller | $1,098 | $498 | $2,095 | Month 2 |
Frequently asked questions
Is the American Express Gold Rewards Card worth it?
On a family's spending ($3,350 a month, points as cash), it's worth $995 in year 1 and $395 a year after that, after a $250 annual fee. It pays for its fee by month 2.
What is the American Express Gold Rewards Card welcome bonus?
5,000 points for each month you spend $1,000 in the first year, up to 60,000.
Does the American Express Gold Rewards Card charge foreign transaction fees?
The issuer's page doesn't state its foreign transaction fee, so check the full terms before travelling.
What isn't counted in its value?
The welcome offer pays 5,000 points for each month you spend $1,000 in the first year. One additional card is free; more cost $50 a year.
Sources
Estimates for information only; not tax, legal or financial advice. See our methodology.