If you’re looking to earn 25,000 Aeroplan Miles fast, then signing up for the American Express Gold Rewards card is a must. After spending $1,500 in the first three months of having the card, you’re instantly given 25,000 American Express Member Rewards (Although it can take up to 10 weeks for these points to post to your account).

With these member rewards, you can convert them to Aeroplan or Avios points on 1:1 basis. There are other Aeroplan cards that also give you 25,000 signup points. 25,000 Aeroplan Miles are enough for a roundtrip ticket to anywhere in Canada and continental U.S.A which has a value of up to $600. This is a great card for anyone looking to earn Aeroplan points fast or want a travel rewards credit card. Read my American Express Gold Rewards card review now to find out what other benefits you should apply for this card now.

American Express Gold Rewards Card Review

American Express Gold Rewards card benefits

  • 25,000 sign-up points after charging $1,500 in purchases in the first 3 months
  • First-year annual fee waived ($150 value)
  • Transfer your points to Aeroplan or Avios on a one-to-one basis
  • Earn two points for every $1 spent on grocery, drug stores, and gas purchases. One Membership Rewards point for every $1 spent on all other purchases.
  • 1 Free supplementary card ($50 value)
  • Travel medical, trip interruption, and lost or stolen baggage insurance included

Keep in mind that the American Express Gold Rewards card (referral link) is a charge card which means you need to pay the full balance at the end of each month. Failure to do so will result in a 30% annual interest rate. No rewards are ever worth paying that much interest.

One important thing to note, and it’s the biggest knock against American Express is the fact that it’s not accepted at all merchants. To be honest, more and more merchants aren’t accepting AMEX these days, so I use this card as a quick way to earn points.

Points breakdown

The American Express Gold Rewards card is the best option for people who are looking to earn Aeroplan points fast. As mentioned, you only need to spend $1,500 to earn your full sign-up bonus. Once you’ve earned those points you can immediately transfer them to Aeroplan or Avios at a 1:1 rate.

25,000 Aeroplan Miles will get you a return flight to anywhere in Canada and the continental U.S.A.- that’s a value of up to $600. Obviously, the further you go, the more value these points have, so flying from Vancouver to Toronto or Toronto to Los Angeles will give you the best bang for your buck.

Every so often American Express offers a transfer bonus to Avios (British Airways). These promotions usually offer an additional 25% giving you a 1:1.25 transfer ratio when going from American Express Points to Avios.

There are other rewards programs that you can transfer your points to a ratio below 1:1 including Alitalia MilleMiglia, Cathay Pacific Asia Miles, Delta SkyMiles, InterContinental Hotels Priority Club, Hilton HHonors, and Starwood Preferred Guest.

If you decide not to convert your points, they can still be claimed on any type of travel including travel agencies, airlines, hotels, trains, and car rentals, but you only get a 1% return. If flexibility is your #1 priority, then choose a different rewards program.

Earn more Aeroplan Miles by referring your friends

One of the major benefits of being an American Express cardholder is the ability to refer friends. With the American Express Gold Rewards card, you get a bonus 5,000 points for every referral you make.

Think about how easy it is for you to rack up points this way especially if you travel with a partner. You can rack up 55,000 points for “free.” How’s this work?

You sign up first on your own (or use my referral link). After the minimum spend, you get your 25,000 points. Well, you can make referrals immediately, so use your own referral link and invite your partner. That works out to 55,000 points (25,000 signup +5,000 referral + 25,000 signup for your partner).

You can refer anyone you want, so you can simply tell your friends everything that I’ve explained in this blog post, but use your own referral link after you’ve signed up.

How applying for another credit card affects your credit score

One worry that many people have about applying for another credit card just for points is how it’ll affect their credit score. Whenever you apply for a new credit card, a hard inquiry will be applied to your credit history which means you’ll take a hit of 10 points.

If your credit score has always been high, then a hit of 10 points won’t make a difference. As long as you pay your bills on time and in full, your credit score will go back up just in a few months.

That being said, I wouldn’t recommend applying for 5 credit cards right before applying for a mortgage since lenders will wonder why you need so much credit. But, rest assured that your overall credit score won’t be damaged when you apply for a new credit card.

Final word

Overall my American Express Gold Rewards card review is positive, but only if you plan on converting your points to one of the other rewards programs. The AMEX rewards program offers full flexibility, but at a return of 1%, you’re better off using a different rewards program. The other positive of this card is the often overlooked insurance benefits. Travel medical, trip interruption, lost or stolen baggage, hotel burglary, and auto rental insurance are all included. This package of insurance is similar to other comparable travel rewards credit cards.

Use my American Express Gold Rewards card referral link now to earn a quick 25,000 points.

American Express Gold Rewards Card Review referral