American Express Gold Card No Longer First Year Free

It’s a sad day for Canadians. The American Express Gold Personal Card is no longer offering a waiver on its Annual Fee of $150. This card has been provided with a fee waiver for as long as I can remember and likely to be one of the most popular cards available to Canadians so I am unsure what has prompted this move.

The card itself is still a great value for those looking to quickly accumulate points as it offers 25,000 Membership Rewards after you make $1,500 in purchases in the first 3 months. Additionally, you get 2x bonus on purchase made at gas, grocery, drug store and on travel and is among one of the only cards that has category bonuses in Canada.

So while this card is still worthwhile to have, you now must take into account the initial costs when making your determination if the card makes sense for you.

To find out if this is the right card for you, please read my review of the card.

Originally published at PointsNerd.