American Express® Preferred Rewards Gold Card Review
 
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Overall Rating: 
Benefit Rating:
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The American Express® Preferred Rewards Gold Card is an ideal card for those who can afford to pay in full each month to avoid accumulating credit card debt, as often can be the case with revolving balances and high interest rates.
Cardholders have access to the Membership Rewards program for no additional fee. Through the rewards program, cardholders earn one point per dollar spent on all purchases. Plus, cardholders will receive 10,000 bonus points after spending $500 in three months, which is redeemable for a $100 gift card at participating merchants and retailers. Points can be redeemed for travel rewards on over 21 airlines and for many other rewards. There is no limit to the amount of points that can be earned, and points never expire.
The annual fee of $125 is waived the first year. Additional services and benefits include travel accident insurance, auto rental insurance, purchase protection services, various merchant discounts, and more.
Cardholders will also have access to Gold Card Events, which gives them exclusive access to tickets for select concerts, shows, sporting events, and more.
Therefore, those who can afford to pay in full each month, would like to participate in the rewards program, and plan to take advantage of the many benefits and services provided by American Express® will benefit most from what the American Express® Preferred Rewards Gold Card has to offer.
Review Date: September 01, 2009
Note: The review on this card was updated on September 01, 2009. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
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Intro Rate (Intro APR):
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No Introductory Rate Available |
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Additional Intro Details:
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n/app |
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Finance Configuration:
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n/app |
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Annual Fee:
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$125 |
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Annual Fee Details:
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$125 annual fee. |
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Cash Advance Fee:
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n/a |
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Minimum Credit Limit:
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See Important Notations |
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Maximum Credit Limit:
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See Important Notations |
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Points Per Dollar:
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1 Point |
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Point Details:
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Points are redeemable for travel rewards on over 21 airlines. |
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Expiration:
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None |
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Yearly Limit:
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No |
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Bonus First Purchase:
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10,000 Points*** |
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Bonus Details:
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***Cardholders receive 10,000 bonus points after their first purchase, which is redeemable for a $100 gift card at participating merchants and retailers. |
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Most Attractive Feature(s):
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| Access to rewards program for no additional fee; special discounts at participating merchants; first-year fee free; bonus points are equivalent to a $100 gift card. |
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Least Attractive Feature(s):
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| High annual fee for primary and additional cardholders. |
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Additional Features:
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Various Internet account related services.
Access to Gold Card Events including exclusive tickets for select concerts, shows, major sporting events, and more in cities nationwide.
Discounts on products and services at participating merchants and retailers.
Return protection
Purchase protection.
Extended warranty for purchases.
Auto rental insurance.
Medical referral service.
Legal referral service.
Emergency cash replacement.
Lost luggage insurance.
Travel accident insurance.
Guaranteed hotel reservations.
Emergency card replacement.
Year-end financial statement.
Identity theft assistance.
Various travel and emergency assistance services.
See website for additional benefits. |
This card is a charge card and the bill is paid in full each month.
The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources.
See website for complete terms and conditions of card usage and application disclosure. |
