The Benefits of the American Express Gold Rewards Cards

American Express Gold Rewards Card

Aside from the reward points and AirMiles you can collect, there are many other benefits to being an AMEX cardholder. Here are the benefits of using the American Express Gold Rewards Card and the American Express Business Gold Rewards Card

American Express Business Gold Rewards Card

$0 Annual Fee*
Min. Credit Score – GOOD
1.00% Reward Return

*$180 after year 1

Here’s what you need to know about the American Express Business Gold Rewards Charge card. First of all, there is no fee for the first year. This amounts to a savings of $180. Because this is a charge card, the balance must be paid in full at the end of each month. If, for some reason, you cannot pay the balance in full, an interest rate of 30% will apply.

The American Express Business Gold Rewards card comes with all sorts of rewards and bonuses – more than I’ve ever seen with any business credit card. First, you get rewards on every purchase, which amounts to 1 membership reward point for every dollar spent. After charging $3,000 on your card, you’ll receive a bonus 25,000 Membership Reward Points as well. Now that’s something you never see.

The more you spend, the more you earn. This charge card is especially handy if your business spends a lot annually, as you get additional points for reaching the $50,000 (15,000 points) and $100,000 (25,000 points) mark.

Once you’ve accumulated enough points – and they rack up pretty quickly – you can transfer them to Aeroplan miles instantly without penalty. Conveniently, you can also transfer your points to Delta Air Lines, Cathay Pacific’s Asia Miles and 27 other airline partners. When you book your trip or vacation you can pay for all or part in points, and there are no vacation blackouts – a personal pet peeve of mine.

Other benefits include: 

  • Travel accident insurance
  • Trip interruption or cancellation insurance
  • Travel medical insurance
  • Rental vehicle insurance
  • Flight delay insurance
  • Baggage insurance
  • Purchase protection and extended warranty

 American Express Gold Rewards

$0 Annual Fee*
Min. Credit Score – GOOD
2.00% Reward Return

*$150 after year 1

Here’s what you need to know about the American Express Gold Rewards Charge Card. If you spend $500 in the first 3 months, you earn a bonus 15,000 in Welcome points – that’s enough for a short haul flight! While the American Express Gold Rewards card usually has an annual fee of $150, you don’t have to pay that in the first year.

Since this card is a charge card, it acts a bit differently than a regular credit card. Your balance, for instance, must be paid in full at the end of each month. If it is not, a 30% interest rate applies to the unpaid portion.  So this type of card is more for someone who regularly pays their balance each month and is only interested in racking up the rewards.

As with the previous card, you can charge your vacation to your card and choose to pay for it partially or in full with points. You can also transfer your points to any other frequent flyer rewards programs, including Aeroplan.

As a bonus, earn double the points when you charge eligible travel purchases on your card, including flights, hotels and car rentals. You also earn double points for every dollar you charge for eligible gas, grocery and drugstore purchases. On everything else, earn one point for every dollar spent.

Other benefits include:

  • Travel accident insurance
  • Trip interruption or cancellation insurance
  • Travel medical insurance
  • Rental vehicle insurance
  • Flight delay insurance
  • Baggage insurance
  • Purchase protection and extended warranty

What is the AMEX Front of the Line service?

As if all of the rewards weren’t enough, American Express offers one more membership benefit – the Front of the Line Service. Simply subscribe, and you’ll be notified of exciting upcoming events in your area. Members get first dibs on hard-to-get tickets – sometimes before they even go on sale to the public. Never miss another main event again. American Express cardholders have purchased early bird tickets to the likes of Rod Stewart, Beyoncé, Depeche Mode and even shows like Mamma Mia! and the Stratford Shakespeare Festival. Get your card and move to the Front of the Line!

Related Topics

Credit Card Reviews / Credit Cards

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