American Express| Benefits, Fees, And Requirements Of AMEX Gold Card

As you may be aware, American Express offers a varied range of credit cards that are well-suited to consumers with good to exceptional credit. So, in this article, we'll go over the basics and benefits of one of American Express's most popular cards, the American Express Gold Card. Let's see whether you're interested in this type of American Express card.

Overall Information Of American Express Cards

Locating in over 170 countries, American Express is a global financial service network in which a large number of people in the United States place their faith. You may easily adjust everything from travel checks to charge card services, travel, rental car insurance, flights, hotels, and clothes with an American Express credit card. Corporate responsibility is important to the organization, thus it participates in philanthropy, community service, and historical preservation and conservation. 

With American Express, you can save money on every transaction, no matter where you are. In addition to the rewards and privileges that come with having an American Express credit card, you may save on American Express gift cards for both business and personal use. American Express has a wide range of cards to choose from such as Platinum cards, gold cards, Blue Cash everyday cards, American Express green cards, etc. Each type of card will have different benefits and drawbacks.

What Is American Express Gold Card?

The Amex Gold is a fantastic choice for clients in the United States who spend a lot of money on dining and groceries at American supermarkets and are searching for a "premium-lite" card that delivers good rewards without the hefty price tag. There is a $250 annual cost for the Gold card, but there is no fee for adding additional cards to a Gold account.

The Gold card is designed for consumers who shop frequently, eat out frequently, and spend a lot of money on a regular basis. The membership rewards program, which allows consumers to collect points as they use their credit cards, is one of the most valuable benefits for any cardholder.

What Is American Express Gold Card APR?

On transactions approved for the Amex Pay Over Time feature, the Amex Gold card's APR ranges from 15.99 % to 22.99 % (V). Because the Amex Gold card is a hybrid between a charge card and a standard card, cardholders are generally not allowed to carry a balance from one month to the next, there is no regular APR for all other purchases. Cardholders who don't want to use Pay Over Time can instead use the Plan It functions to divide large, qualified purchases into monthly payments with a fixed charge.

Besides, the AMEX gold card also has other APRs. Late Pay Over Time payments may result in a penalty APR of more than 29 percent, and if you take out a cash advance with the Amex Gold card, a supplementary interest rate of 25.24 percent (V) will apply. Cash advance interest accrues daily, beginning on the day you withdraw the funds.

Key Benefits Of American Express Gold Card

With an annual fee of $250, this American Express Gold Card has many benefits for users as mentioned below.

Credit card	Key benefits
American Express Gold Card	Spend $4,000 on eligible purchases with your new Card during the first 6 months to earn 60,000 Membership Rewards Points. 4X Membership Rewards points at Restaurants, 4X Membership Rewards points at U.S supermarkets 3X Membership Rewards points on flights $120 Uber Cash on Gold $120 Dining Credit No foreign Transaction Fees
American Business Gold Card	Earn 70,000 Membership Rewards points after spending $10,000 on eligible purchases within the first 3 months. Get 25% points back for Airline service Pay over time option

What Are American Express Gold Card Requirements?

Indeed, it is quite hard to get an American Gold Card because there are many requirements to be eligible for this card. Here are what you need to have to own an American Express Gold Card:

• Good or Excellent Credit: Have a minimum 670 FICO score
• Established credit history
• Age of 18 or over
• No history of bad debt
• A permanent UK home address
• A current UK bank or building society account
• Not hold or have held any personal American Express card within the past 24 months.

Who Shouldn’t Get American Express Gold Card?

• Those who are under the age of 24 and want to get more Chase cards
• People who don't live in the United States and have previously held an Amex Gold card
• People who aren't going to use all of their statement credits
• Those looking for travel insurance and primary rental car insurance

Final Thoughts

To conclude, for Amex Gold, your credit score should be in the good to outstanding category. If you have many new cards and good or exceptional credit, it may be easier to qualify for the American Express Gold Card than for other rewards cards. Having a low credit utilization rate and a clean credit report will also help you get approved. For some people, American Express Gold Card is a good choice to improve their credit score, however, for others, it is not suitable. You can consider other cards from American Express to find out the most appropriate card for yourself, instead. 

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