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Tuesday, March 4, 2014

American Express® Gold Credit Card with Cash Back Re-launched!

https://www.americanexpress.com/ca/en/content/gold-cashback-card?CPID=100132426Some of you have been lucky enough to still hold this card since it was cut from the public portfolio back in 2008 and we are pleased to pass along the news that the American Express® Gold Credit Card with Cash Back has returned for public applications! The card is a good option for those people who don't want a travel rewards card or need to supplement their credit card portfolio with a cash back card.

For those of you who do have the card you'll recall the card was revamped in 2011 with the addition of $99 annual fee and a $100,000 cap on the 2% earn rate both of which still remain on the card.The complete earn rate on spending is tiered as follows:

0.5% on annual spend up to $2,500
1.0% on annual spend between $2,501 and $5,000
2.0% on annual spend between $5,001 and $100,000
1.0% on annual spend above $100,000
No cap on cashback that can be earned

Based on these tiers once you get to about $33,000 in spend this card jumps ahead of the pack in the cash back category in terms of cash return (albeit for some cards like the Scotia Momentum it will depend on your category bonus spending)

The cash back is awarded annually as a statement credit on your account.

The card also offers $100,000 in Travel Accident Insurance, Buyer’s Assurance Protection Plan and Purchase Protection Plan and of course the famous Front of the Line benefit.

Is this a card you might consider if you are not interested in travel rewards or are looking to supplement your primary travel rewards card with a cash back one? Let us know what think! We'd also love to hear from those of you who do have the card and how it has been for you.

You can learn more or apply for the card here.

We will also be adding this card to our Cash Back Credit Card comparison chart over the next few days so you can see how it compares to others in this category


  1. Not a great comeback product, with no FYF offer and $99/year fee
    At least GCR is offering $100 cashback to offset it somewhat.... if anyone ever chooses this card :P

  2. Yes you would think their would be some incentive with the re-launch, that being said the return is pretty decent on mid to high level spending.

  3. Once they have "given" [i.e. signed you and enough others up]...

    ...they will start to take away.

    It's in their DNA, boys...in their DNA...

    ...but this much is obvious...right?