Is Amex gold worth it in Canada?
Is Amex gold worth it in Canada? Forbes Advisor Canada estimates that an average Canadian will earn $163.32 in rewards per year, with the annual fee factored in. That said, for those who prefer perks like lounge passes, travel insurance and the like—or even just tend to spend more than the average Canadian—the annual fee may be more worth it.
Is Amex Gold worth it in 2023?
Many cash-back credit cards offer a few thousand points for signing up. The Gold Card is different. As of July 2023, American Express is offering 60,000 Membership Rewards points when you spend $6,000 on eligible purchases during your first six months of membership. This makes it worth adding a new card to your wallet.
Is Amex Gold for business?
American Express today introduced the refreshed U.S. American Express Business Gold Card with enhanced ability to earn 4X Membership Rewards points in top business spending categories, enroll in benefits to earn statement credits, and other new business-focused benefits.
Is getting Amex Gold hard?
A good or excellent credit score from 670 to 850 is needed to qualify for the American Express Gold Card. This isn't the hardest American Express credit card to get, but it requires past experience of responsible credit card usage. The Amex Gold credit score requirements are similar to competing travel credit cards.
Is American Express more prestigious than Visa?
American Express and Visa are both major credit card networks, but they're certainly not the same. Using an American Express card, or Amex card, can imply a certain level of prestige and exclusivity. Amex cards often earn big rewards and, in some cases, come with ultra-high annual fees.
Is 3 credit cards too many?
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.