American Express Gold Credit Card is a great option if you are looking for a good option for you and your family. Credit cards have emerged to be one of the most valuable assets and the convenience and protection a credit card offers are hard to beat. There are hundreds of cards with the name tag of ‘Gold’ or ‘Platinum’ but the hidden terms and conditions confuse most of the customers.

The reward points, earning and redeeming these points might be challenging, especially if you are new to the rewards points concept. The American Express Preferred Rewards Gold Credit Card stays true to the original concept. As the name suggests, this is a ‘preferred’ card over the entry-level or simpler cards.

This card is a good option for beginners because it has no minimum income requirement. You get to enjoy the welcome bonus, rewards program, and many travel and hotel accommodation perks. Our current article will help you know more details about the American Express Gold Credit Card.

American Express Gold Credit Card benefits

There is no annual fee for the first year for new American Express Gold Credit Card cardholders. You can enjoy a maximum of 56 interest-free days on purchases if you pay the full amount you owe on each statement date on time each month. This credit card offers two airport lounge visit passes annually to make your airport experience more enjoyable and comfortable.

If you make the payments in the priority pass network that has more than 1200 lounges globally. You will also enjoy additional perks if you pay for the hotel accommodation through the American Express Travel Portal. Bookings made through the portal can enjoy a room upgrade (if available) and the credit card customers will also receive a US $100 hotel credit.

These benefits are subject to the condition that a customer stays a minimum of two nights at any of the 500 participating hotels. Please refer to the credit card terms and conditions for detailed information. This card allows you to travel with peace of mind by providing you the travel inconvenience and travel accident protection.

Both the primary and secondary cardholders are eligible for this feature. A 24/7 global assistance covers you if you are traveling abroad. You can also connect this credit card to Apple Pay easily. There is also an option to use American Express Pay from the eligible devices. Next step, you will know more about the American Express Gold Credit Card rewards possibilities.

Membership Reward Points

The American Express Membership Rewards Points are undoubtedly one of the most versatile and easiest credit card points to redeem. There is an option to cash-in points for the online payments using a card or you can also select charges from the statement and pay them with the reward points.

This credit card will earn you 20,000 Membership Rewards points if you spend £3,000 in the first three months from the card approval. There is also an option to earn reward points by referring a friend. You will get at least 6,000 bonus membership reward points for every friend or family using the referral program and successfully applying for a card.

This will increase your chances to earn up to 90,000 points annually. You will get an additional 10,000 points if you spend at least £15,000 within the 12 months of your card anniversary. Usually, the reward points earned on a credit card expire after a certain period but American Express’s membership reward points have no expiry date. You can earn the reward points faster by adding family members or friends to your account.

The American Express Gold Credit Card allows you to earn Membership reward points for every pound you spend. You will get 1 point for £1 spent on the eligible purchases; and 2 points for every £1 spent directly with airlines. You will also earn 2 points for every £1 spent in a foreign currency and 3 points for every £1 spent at American Express Travel.

Redeeming the Reward Points

The Membership Reward points of the credit card are transferable, meaning you can convert these points into various other programs. There is a certain ratio for the conversion, it is 1:1 for the British Airways Executive Club and Virgin Atlantic Flying Club. You will get 1,000 Avios or Virgin points if you transfer 1,000 rewards points to any one of these.

Other transfer partners at a transfer rate of 1:1 include Asia Miles, Etihad Guest, Qantas Points, Air France-KLM Flying Blue, Emirates SkyMiles, SAS EuroBonus, and many others. The transfer rate for Singapore KrisFyer is 3:2. You can convert the credit card Rewards points to hotel loyalty points.

The conversion rate for the Hilton Honors program is 1:2, which means you will get 2,000 Honors points for 1,000 Membership Rewards points. Marriott Bonvoy program offers 3000 Bonvoy points for 2,000 Membership points and the Radisson Rewards program will earn you 3,000 Radisson points for 1,000 points for your credit card. You can use the Rewards points for an Amazon or Marks and Spencer Gift card.

American Express Gold Credit Card rates and fees

There is no annual fee for the first year of the American Express Gold Credit Card; but the £140 annual fee will apply after the first year. The cash advance fee is 3% with a minimum of £3. The minimum monthly payment is set at 2% or £25 (whichever is greater); or the sum of any interest, pending fees, and charges, 1/12th of the annual fee; and 2% of the outstanding balance.

American Express Gold Credit Card: eligibility

You are eligible to apply for the American Express Gold Credit Card if you are aged 18 or above; with a permanent UK home address. Having a UK bank or building society account is also compulsory. Also, you are not eligible if you have a bad debt. Moreover, those having any personal American Express Card in the past 24 months are not eligible for the Welcome Bonus award.

The application process

The online application for the American Express Gold Credit Card is pretty simple and requires just a few minutes. It begins with personal details like name, date of birth, email address, contact number, residential status, and residential address. The next step is filling in the financial details like employment status, annual income, and sources of income. And then, your application process is completed.