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@@Shipwrckdntweetin u know u can get a replacement card for free right. And just ask for the other colour. Also tell them to send it with fedex it’ll come in two days
Ahhhhhhh… is this for Canada. It’s been $250 in the US. I keep it for the 4X points on groceries & dining? We do not have the Priority Pass in the US. (Don’t think so at least) Great coverage! I always enjoy your content. I really like my Rose gold, but I actually think the traditional Gold is pretty awesome as well. I agree about your Cobalt card structure.
Hey Ricky just a heads up, if people apply for Nexus through mail then they will be charge in CAD. You will be charged $50 USD if you apply through the online portal
Definitely agree with you that Amex Canada missed the mark on the gold revamp. The MR earn rate should have been adjusted and a dining component added as well. The banks are probably watching this move by Amex and they could potentially re-tool their premium card offerings to make a more attractive product to address what the gold card lacks.
This is Canada... The banks are probably laughing now that they know they can keep screwing the people with lame offers and cards without worrying about the gold card
Even with the 60k sign up bonus I still find the card kind of weak with its benefits and subpar multipliers. I think for me it's either 75k or it'll be a hard pass for me
Here's the big issue with the Gold, it's value proposition is severely underwhelming. Compared to the Cobalt the Gold is like even lower then the cobalt.
See my response as there are Tiers of points that no one really talks about and Amex makes vague on purpose but Cobalt points are Tier 3 points aka Select points and can’t be moved to other cards to keep them as MR points. If the travel partners work for you then great, if not then you’re not getting the full value. In the end, you need lots of different Amex cards to get the best bang for you bucks.
Agreed. Amex Canada did not do a great job revamping the gold card. Metal card is a nice touch but the earn rate for MR should have been modified. IMHO there should have been a dining earn component added to the card. Even if that component was a 2x earn it would have drastically improved the card as it is suppose to be higher on the Amex ladder than the Colbalt.
I think if you fly 2-4 times a year this card makes a lot of sense as a supplement to the Cobalt. Cash in those Plaza Premium lounge visits, easily use the 100 dollar travel credit and all that insurance, plus you can probably cash in some Hotel Collection credits if that stays. Personally I think I'll take the year trial at 150, but might also add Cobalt in the meantime. Two fees is a lot but I buy all the groceries for me and two roomates, who each pay a third of the bill back. Effectively $1 spent by me would earn 15 points, or 30%, which is kind of OP..
Rose Gold looks slick!! And here I was, waiting for you to mention any earning rate changes. Then I became sadge when you said no changes. Really want to see the signup bonuses…agreed with you that this is good for that signup bonus and not much else - especially as someone who already got the Platinum during that crazy signup bonus period
Canada got wrecked on this card. Not worth it over Amex preferred simply cash or Cobalt. Even the 120$ fee 60k+ annual income bank cards have far better value. Very dissapointing
As an existing card holder, I am not impressed by this $100 credit the first year....we will still be stuck with the $250 after that, and the benefits and earning rate on travel are just not high enough to justify the price. I have heard from one colleague that her metal card (from a different bank) sets off the metal detectors at airports, and as I don't care about the cosmetics, replacing the plastic with metal is no benefit for me. I am not someone who spends a lot in Canada on food and drink, but I do when I travel, and if the travel earning on air fare, hotels and food and drink were increased, I might consider holding onto this when the effective price rises to $250. For now, though I will be looking for alternatives.
Thanks for your expert comments, very impressive. I have had the Amex Platinum for many years now, and though the fees have gone up to $ 695, it has great traveling perks and wonderful lounges. They are molding the card for exclusive people. Crispin Fernandes, NYC
Generally speaking, do you anticipate that existing cardholders will be eligible for the sign up bonus on the re-launched card? If not, would asking for a retention offer be worthwhile in this situation?
I had to get the Gold Business as this card is not available yet and the wife has the Platinum card now so no need for 2 Plats. Only reason I had to get this card is so I can transfer the Plat MR points to Glod MR points and stay at least at Tier 2 lvl. Platinum is lvl 1 and the King on MR lvls. Transferring to Cobalt is Tier 3 or what use to be called Select Points and your limited to the new Airline Partners (no great on hotels or other conversions). We don’t want to convert points yet as not sure how best to use them and we can’t really travel yet and unless you keep paying for the Platinum you’re in a s$&t spot and have to transfer your points somewhere. Thus the Gold card. Going with Gold card, you have more options of conversion partners then others. You can never go back to Platinum and you keep them as Amex MR points as long as possible. If there is a better option, please let us all know as this is the downside of the points games ppl don’t speak too much of.
Hey Ricky, is there a video or Blog explaining all tbe insurance types for benefits for a card? Like how to take advantage of it or like when you are really facing trouble and how to utilize these benefits? Thank you
1 word for the new revamp... Lame!! Why couldn't they just match their US counterparts Include No Fx fee + the multipliers Would've gladly paid 250 or 300 for it Was so looking forward to it... not anymore We need a petition so that they can change this before launch😭
excited for these changes, especially the additional travel benefits as well as the metal card, as I absolutely love my CIBC Aeroplan VIP card. I am pretty happy with the earn rates, they could have added no FX transaction fee and left the multipliers the same and I would have been totally happy. Ricky, any thoughts on how soon us current cardholders could 'lose' our card or find it badly damaged to get the new metal card? 🤔
I think they'll have metal cards ready to send out to new clients and renewing clients when they launch the revamp in October. Probably wait a week after the official launch date and then go online and request a replacement.
So they made it closer to the US Gold but minus the earning categories (the US Gold is similar to the Cobalt but at 4x on restaurants and groceries) but gave it some better travel benefits? Idk seems harder to justify $250 on the CAD Gold especially with the Cobalt being so much stronger now
It’s technically still a charge card as there’s no visible limit to the cardholder. The cardholder now just has the option to carry a balance over months while paying interest now
100k MR points to outweigh the mediocre earnings rate will be more than welcome. Feels like they focused more on the "face" rather than the content. A bit disappointing but let's hope for a better welcome bonus
If I decide not to keep the card for another year, would it be possible to cash out the $100 statement credit prior to cancelling the card before the 13th month?
You mentioned something in this video about the travel credit. If I book a fine hotel through anex portal with my platinum and then get a refund that refund will become a statement credit? Has anyone tried this and if so is it a red flag to amex?
@@PrinceofTravel Hello, My AMEX rose gold card just arrived. I was wondering if I went with one more person (which makes it 2) will it count as 2 entries? Because this card allows 4 airport lounges entries annually. Thank you so much in advance 🙏🏻
I apply for the American Express rose gold but I also ask if they could send me the gold card even though it's the same account number but security # is different would I still be able to use ether card?
Hey Ricky! I'm a bit confused with the wording in 2:11 - I just paid my annual fee in the end of July. Does this mean that when my fee posts next July, would I get the $100 statement balance (as well as the $100 Travel Credit)? If not, then I would have had less than 1 year with the new benefits before it renewing at the new rate?
Yes. You'll get a $100 statement credit and a $100 travel credit in July 2022, so in theory it'd only cost you a further $50 to hold another year. After that, you'll be charged the $250 annual fee and get a $100 travel credit every July going forward.
our mortgage broker told us no new car loans or credit cards while we were going through our pre-approval, but we are in a very tough market. I suspect ultimately it would depend on a number of factors, like your income, debt ratio and credit account ages, as anecdotally I've heard people that have applied for new cards and then received a mortgage shortly after. General rule of thumb is that lenders will be less likely to give you a mortgage if you are seeking credit elsewhere at the same time as it could increase risk, but it would depend on a number of circumstances
Why do you say that? Won't the renewed one be better with a much better Sign up Bonus? Compared to previous 30K MR points? Plus net AF comes to 150 anyways?
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Not gonna lie I don’t care much for the benefits of the card, I just want that Rose Gold card.
I was thinking of the same thing!
Perfectly valid reason to get it 😄
That Bros Gold is the awesome! But after a year +, I’m thinking of the regular gold.
#1worldproblemo
good marketing
@@Shipwrckdntweetin u know u can get a replacement card for free right. And just ask for the other colour. Also tell them to send it with fedex it’ll come in two days
Ahhhhhhh… is this for Canada.
It’s been $250 in the US.
I keep it for the 4X points on groceries & dining?
We do not have the Priority Pass in the US. (Don’t think so at least)
Great coverage! I always enjoy your content.
I really like my Rose gold, but I actually think the traditional Gold is pretty awesome as well.
I agree about your Cobalt card structure.
Hey Ricky just a heads up, if people apply for Nexus through mail then they will be charge in CAD. You will be charged $50 USD if you apply through the online portal
Only if eats and drinks were 4x like US gold card :(
Definitely agree with you that Amex Canada missed the mark on the gold revamp. The MR earn rate should have been adjusted and a dining component added as well. The banks are probably watching this move by Amex and they could potentially re-tool their premium card offerings to make a more attractive product to address what the gold card lacks.
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This is Canada... The banks are probably laughing now that they know they can keep screwing the people with lame offers and cards without worrying about the gold card
It still seems that the US Green would be better given its earning structure and insurance 🥺
Also the US one doesn't have FTF
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Really like that sleek metallic finish, but the earning rate is really weak compare to the Cobalt card.
Yep
Even with the 60k sign up bonus I still find the card kind of weak with its benefits and subpar multipliers. I think for me it's either 75k or it'll be a hard pass for me
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Apply thru resy for the 75k sign up bonus
Here's the big issue with the Gold, it's value proposition is severely underwhelming. Compared to the Cobalt the Gold is like even lower then the cobalt.
See my response as there are Tiers of points that no one really talks about and Amex makes vague on purpose but Cobalt points are Tier 3 points aka Select points and can’t be moved to other cards to keep them as MR points. If the travel partners work for you then great, if not then you’re not getting the full value. In the end, you need lots of different Amex cards to get the best bang for you bucks.
@@leoromano9760 incorrect. Cobalt points are no longer select points.
Agreed. Amex Canada did not do a great job revamping the gold card. Metal card is a nice touch but the earn rate for MR should have been modified. IMHO there should have been a dining earn component added to the card. Even if that component was a 2x earn it would have drastically improved the card as it is suppose to be higher on the Amex ladder than the Colbalt.
I think if you fly 2-4 times a year this card makes a lot of sense as a supplement to the Cobalt. Cash in those Plaza Premium lounge visits, easily use the 100 dollar travel credit and all that insurance, plus you can probably cash in some Hotel Collection credits if that stays.
Personally I think I'll take the year trial at 150, but might also add Cobalt in the meantime. Two fees is a lot but I buy all the groceries for me and two roomates, who each pay a third of the bill back. Effectively $1 spent by me would earn 15 points, or 30%, which is kind of OP..
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i really like when US gold amex offers 20% dining rebate globally
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Ya but no competition in Canada so the banks will keep the benefits at a minimum
Rose Gold looks slick!! And here I was, waiting for you to mention any earning rate changes. Then I became sadge when you said no changes.
Really want to see the signup bonuses…agreed with you that this is good for that signup bonus and not much else - especially as someone who already got the Platinum during that crazy signup bonus period
Sadge 🥺
I just wish we could get the Cobalt in metal. I’d rather pay the $250AF for Metal Cobalt.
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Canada got wrecked on this card. Not worth it over Amex preferred simply cash or Cobalt. Even the 120$ fee 60k+ annual income bank cards have far better value. Very dissapointing
They just cannot give up the juicy 2.5% FX fee…
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As an existing card holder, I am not impressed by this $100 credit the first year....we will still be stuck with the $250 after that, and the benefits and earning rate on travel are just not high enough to justify the price. I have heard from one colleague that her metal card (from a different bank) sets off the metal detectors at airports, and as I don't care about the cosmetics, replacing the plastic with metal is no benefit for me.
I am not someone who spends a lot in Canada on food and drink, but I do when I travel, and if the travel earning on air fare, hotels and food and drink were increased, I might consider holding onto this when the effective price rises to $250.
For now, though I will be looking for alternatives.
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The platinum travel credit was awesome this year, I was able to use it on whatever I wanted gettin 100 on the gold will be nice too!
Thanks for your expert comments, very impressive.
I have had the Amex Platinum for many years now, and though the fees have gone up to $ 695, it has great traveling perks and wonderful lounges. They are molding the card for exclusive people.
Crispin Fernandes, NYC
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I can't say this card excites me. I will be chasing other more lucrative offers.
Let's wait to see what the signup bonus will be
Hi Ricky, can an American get Canadian credit cards??
You’re not getting an answer
Generally speaking, do you anticipate that existing cardholders will be eligible for the sign up bonus on the re-launched card? If not, would asking for a retention offer be worthwhile in this situation?
Answer to your first question....No..... Answer to your second... Yes.
Finally metal!
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Really looking forward to the rose gold cards!!😍 do you know if these changes apply to the business gold as well?
I'm no Prince of Travel, but it looks like the old style Business Gold is still available on their site, which makes me think probably not yet.
@@chriswebb3709 Well, guess I'm just going to have to apply for yet another credit card then! haha
I had to get the Gold Business as this card is not available yet and the wife has the Platinum card now so no need for 2 Plats. Only reason I had to get this card is so I can transfer the Plat MR points to Glod MR points and stay at least at Tier 2 lvl. Platinum is lvl 1 and the King on MR lvls. Transferring to Cobalt is Tier 3 or what use to be called Select Points and your limited to the new Airline Partners (no great on hotels or other conversions). We don’t want to convert points yet as not sure how best to use them and we can’t really travel yet and unless you keep paying for the Platinum you’re in a s$&t spot and have to transfer your points somewhere. Thus the Gold card.
Going with Gold card, you have more options of conversion partners then others. You can never go back to Platinum and you keep them as Amex MR points as long as possible. If there is a better option, please let us all know as this is the downside of the points games ppl don’t speak too much of.
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Hey Ricky, is there a video or Blog explaining all tbe insurance types for benefits for a card? Like how to take advantage of it or like when you are really facing trouble and how to utilize these benefits? Thank you
Great idea for a video. We've written about it before on the blog: princeoftravel.com/blog/credit-card-insurance-what-you-need-to-know/
I like Rose Gold cards, too!
1 word for the new revamp... Lame!!
Why couldn't they just match their US counterparts
Include No Fx fee + the multipliers
Would've gladly paid 250 or 300 for it
Was so looking forward to it... not anymore
We need a petition so that they can change this before launch😭
excited for these changes, especially the additional travel benefits as well as the metal card, as I absolutely love my CIBC Aeroplan VIP card. I am pretty happy with the earn rates, they could have added no FX transaction fee and left the multipliers the same and I would have been totally happy.
Ricky, any thoughts on how soon us current cardholders could 'lose' our card or find it badly damaged to get the new metal card? 🤔
I think they'll have metal cards ready to send out to new clients and renewing clients when they launch the revamp in October. Probably wait a week after the official launch date and then go online and request a replacement.
I have a feeling lots of cards will be lost on October 18
Bro why you showing up to an international flight with only an hour to spare 💀
So they made it closer to the US Gold but minus the earning categories (the US Gold is similar to the Cobalt but at 4x on restaurants and groceries) but gave it some better travel benefits?
Idk seems harder to justify $250 on the CAD Gold especially with the Cobalt being so much stronger now
Can the 4 lounge passes use for the other people?
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they changed it from charge card to credit card
It’s technically still a charge card as there’s no visible limit to the cardholder. The cardholder now just has the option to carry a balance over months while paying interest now
Is the rose gold really rose gold in color? I heard it looks more like a brassy color in person and less of a rose gold
100k MR points to outweigh the mediocre earnings rate will be more than welcome. Feels like they focused more on the "face" rather than the content. A bit disappointing but let's hope for a better welcome bonus
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The colour is fire, but I dont want that card set of benefits for the fee. Maybe they can just roll that colour out for other cards.
Can My partner have access to the Plaza Premium Lounge when we travel together?
where can I find a referral link for this card when It comes back? Need the juiciest bonuses!
You’re not getting an answer
If I decide not to keep the card for another year, would it be possible to cash out the $100 statement credit prior to cancelling the card before the 13th month?
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Metal.... No way. I'm downgrading from my Amex Plat to the gold.
You mentioned something in this video about the travel credit. If I book a fine hotel through anex portal with my platinum and then get a refund that refund will become a statement credit? Has anyone tried this and if so is it a red flag to amex?
Yes - and no it won't be a red flag, it's perfectly reasonable to cancel a hotel reservation
What happens if I lose my card today? Will they send a metal one already?
Yes they will!
@Prince of Travel thank you they did!
Do you get to bring a guest with the complimentary Plaza passes? I.e me and guest = 2 passes or would you need to pay for a guest separately?
That would be 2 passes
@@PrinceofTravel Hello,
My AMEX rose gold card just arrived. I was wondering if I went with one more person (which makes it 2) will it count as 2 entries? Because this card allows 4 airport lounges entries annually. Thank you so much in advance 🙏🏻
I apply for the American Express rose gold but I also ask if they could send me the gold card even though it's the same account number but security # is different would I still be able to use ether card?
You would get charged an extra $50 a year if you want a second card.
@Kimble M.W well I been using both cards over a year with no problem and AF is the same.
if you "lose" your gold card, can you request them send the rose gold as the replacement??
You’re not getting an answer
Is it a credit card or a charge card in Canada?
You’re not getting an answer
@@jollama I already got 2 Amex cards since that comment lol
Its a credit card in Canada which is weird because its a charge card in the US. The gold card is far more competitive in the US than in Canada.
Hey Ricky! I'm a bit confused with the wording in 2:11 - I just paid my annual fee in the end of July. Does this mean that when my fee posts next July, would I get the $100 statement balance (as well as the $100 Travel Credit)? If not, then I would have had less than 1 year with the new benefits before it renewing at the new rate?
Yes. You'll get a $100 statement credit and a $100 travel credit in July 2022, so in theory it'd only cost you a further $50 to hold another year. After that, you'll be charged the $250 annual fee and get a $100 travel credit every July going forward.
@@PrinceofTravel That's great news! Thank you for clarifying, appreciate it.
Just subscribe to the channel big shouts from chicago Illinois appreciate the content I’m on my credit journey 👍🏽📊💳
Welcome welcome!
Do we want nexus to race through the airport or lounge passes so we can chill at the airport lol
Race through security so you can get to the lounge sooner 😊
Anyone ever wondered why is this card is way too weaker than its US counterpart?
Missed opportunity for sure. But I might keep mine anyways for the metal card and grocery store multiplier :P
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Can I use the plaza on me and my partner or just the cardholder?
You’re not getting an answer
@@jollama Imagine commenting this on every comment. get a life maybe?
@@braveheart9658 Imagine not using Google
@@jollama Imagine liking your own comment
Wasn’t it already gold? And wasn’t there already a rose gold option?? I’m so confused lmao
In the US, yes, not in Canada
No signup bonus?
We'll find out soon!
Appreciate the vid
Cheers
So uhm i seem to have lost my gold card so uhhhh itll be metal right? Lol
Clang clang clang
No thanks. I’ll keep my Platinum card.
How does the credit cards affect home loan application?
our mortgage broker told us no new car loans or credit cards while we were going through our pre-approval, but we are in a very tough market. I suspect ultimately it would depend on a number of factors, like your income, debt ratio and credit account ages, as anecdotally I've heard people that have applied for new cards and then received a mortgage shortly after. General rule of thumb is that lenders will be less likely to give you a mortgage if you are seeking credit elsewhere at the same time as it could increase risk, but it would depend on a number of circumstances
Lol. I spend tons at the drug store
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Lol people who signed up before have it good, I wish I signed up before it was discontinued lol
Why do you say that? Won't the renewed one be better with a much better Sign up Bonus? Compared to previous 30K MR points? Plus net AF comes to 150 anyways?