No annual fee for the first year - $125 Thereafter
Earn 10,000 Membership Rewards® bonus points after your first purchase with the card - redeemable for a $100 gift card!
No Pre-Set Spending Limit
The Membership Rewards® program - Earn 1 Membership Rewards® point for virtually every dollar you spend. You can redeem points for your choice of truly exceptional travel, shopping, and entertainment rewards
Gold Card Events - exclusive access to tickets for select concerts, shows, major sporting events, and more in cities nationwide
Global Assist® Plus Hotline and many more benefits included
Express Approval. Get a decision in less than 60 seconds.
Review: American Express Preferred Rewards® Gold Card
Type of credit needed: Good Credit
Type of card: Charge/Rewards
Issued by: American Express™
Overview: The American Express Preferred Rewards Gold Card is ideal for those who consistently pay off their balance in full each month. Cardholders can enroll in the Membership Rewards Program at no additional cost. After they make their first qualifying purchase, they earn bonus points that can be redeemed for a gift card. After that, they earn points for every dollar spent, which can be used towards airline tickets and various other rewards. In addition to benefits offered to most American Express cardholders, like purchase protection, travel accident insurance, and discounts on certain products and services, this card also provides access to Gold Card Events. Cardholders can access exclusive tickets for some shows and concerts. The major downside of this card is the high annual fee for both the primary card and any additional ones issued, although this is waived during the first year.
Pro and cons of the card:
Pros:
Annual card fees are waived for the first year
Enrolling in the rewards program is free
Earn points for all qualifying purchases
Use points for travel-related purchases or other rewards
No limits on point earning
Points do not expire
Exclusive access to tickets for Gold Card Events
Discounts at participating retail locations
Online account access
No pre-set spending limit
Standard American Express perks like extended warranties and rental insurance
Cons:
High annual fees
Balance must be paid off each month
Spending limits can fluctuate
High cash advance interest rates
Excellent Credit
750-850
Good Credit
660-749
Fair Credit
620-659
Bad/Poor Credit
350-619
No Credit
0-0
Do You Know Your Credit Score? Find Out Now!
A credit score
is a number generally between 300-850, based on a statistical
analysis of a person's credit files. This score represents the credit
worthiness of a person. A credit score is assigned to each individual, to rate
how risky a borrower he or she is--the higher the score, the less
risk the individual poses to creditors. In most cases, your credit score will determine whether you will be
approved for a credit card.
1. Credit Scores range from 300-850, the higher the better 2. Most lenders base approval on your credit score. 3. Higher Scores mean lower payments and better deals. 4. Higher Scores mean Lower interest rates. 5. Scores are determined by 5 main categories:
Payment History
Amounts Owed
Length of Credit History
Type of Credit Used
New Credit
Security Notice: All Applications utilize Secure SSL Technology for secure transmissions.
* See the online Americanexpress.com/acceptprefgold (www.americanexpress.com/acceptprefgold) credit card application for details about terms and conditions and offers.
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Type of credit needed: Good Credit
Security Notice: All Applications utilize Secure SSL Technology for secure transmissions.