Is It Hard To Get An Amex Gold Card
Getting the Amex Gold Card isnt the easiest card to qualify for as you need good or excellent credit. That means having a minimum 670 FICO score and existing cards in good standing.
Being an existing American Express cardholder can also make it easier to qualify.
At the same time, card churners that may be subject to the Chase 5/24 rule or similar policies may qualify for the American Express® Gold Card.
A low credit utilization rate and a positive payment history on existing cards can be sufficient if you have good or excellent credit.
Does Amex Gold Have A Spending Limit
No, the Amex Gold doesnt have a preset spending limit. No Preset Spending Limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history.
As a result, the Amex Gold Card doesnt have a credit utilization rate on credit reports like many rewards credit cards. But, cardholders will need to pay their balance in full each month to keep their account in good standing and potentially improve their credit score.
For more expensive months, cardholders may want to call American Express to pre-authorize large purchases that may trigger a card fraud alert.
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Notable Features Of The Amex Gold Card
Before you apply for the Amex Gold Card, consider its many key features:
- Earn 60,000 Membership Rewards points when you spend $4,000 within six months of account opening.
- Earn 4X points on restaurants and on up to $25,000 spent at U.S. supermarkets per calendar year , 3X points on flights booked with airlines or through AmexTravel.com and 1X points on other purchases .
- Earn a $100 activity credit on vacations over $3,000 when booked through a participating supplier through amextravel.com.
- Earn $100 hotel credit for qualifying activities through The Hotel Collection.
- Qualify for up to $120 in Uber Cash per year, which can be used toward U.S. Uber rides and Uber Eats purchases .
- Get up to $120 in annual credits toward Grubhub, Seamless, Boxed and other participating partners .
- Receive a 12-month complimentary Eats Pass* Membership , which gives you a $0 delivery fee and 5% off eligible restaurant orders over $15, as well as a $0 delivery fee on eligible grocery deliveries of $30 or more .
- Access to Pay It Plan It as a flexible financing option .
- No foreign transaction fees.
- Pay Over Time comes with a variable APR of 15.99% to 22.99% on eligible purchases, based on your creditworthiness.
- A $250 annual fee.
- No annual fee for .
*Uber Eats Pass will auto-bill starting 12 months from initial enrollment in this offer, at the then-current monthly rate.
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Is The American Express Gold Card Worth It
At first, you may be turned away at the annual fee for an everyday card, this may not seem affordable. But take a closer look, and youll truly see how valuable this is. Take advantage of the up to $240 in annual statement credits and the 4x earnings rate, and youve got a fantastic card for most individuals and families.
Capital One Savorone Card
Designed with foodies in mind, the Capital One SavorOne Cash Rewards Credit Card offers unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores . Although the bonuses are fewer than the Amex Gold Card, the lack of an annual fee makes this an interesting alternative, especially if you find cash back more appealing than travel rewards. On the downside, the card doesnt offer much in the way of perks.
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American Express Gold Card
What foodie wouldnt want a card with amazing dining rewards? The American Express Gold card has great dining and travel rewards. If you already read our other posts about this card, you probably know if you fit the profile to get it.
If you are very close to deciding if you want to get this card, here is some important information to help you with the process.
Delta Skymiles Reserve American Express Card
Delta SkyMiles® Reserve American Express Card cardholders need to be flying on a same-day Delta-marketed or -operated flight to be able to access Amex lounges. You can bring up to two guests per visit with you for $50 per person.
The Delta SkyMiles® Reserve American Express Card comes with a welcome bonus of 40,000 bonus miles plus 10,000 Medallion® Qualification Miles, or MQMs, after you spend $3,000 in purchases in the first 3 months your account is open.
Youll also earn three miles per $1 spent on Delta purchases, and one mile per $1 on all other purchases. This card has a $550 annual fee.
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No Preset Spending Limits
Your spending limit with Business Gold is flexible. This means that the amount you have available may change over time as data points revolving around your purchase and payment history, as well as credit score and credit history, are considered. If you pay your bills on time and have a strong credit score, American Express may increase your spending limit by a significant amount.
Existing American Express Cards
Loyalty can have its benefits. If youre a current American Express customer with a positive relationship, you may receive a special offer for the Business Gold Card. These offers mean your approval odds are very high and you may even have a higher welcome offer than the public has current access to.
If you are offered a special offer, act on it as they are usually only available for a limited time, such as these limited-time best card offers.
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Earn 4x Points On Food Purchases
When it comes to earning and redeeming Membership Rewards points, the American Express® Gold Card makes it easy.
You’ll Earn 4X Membership Rewards® Points at Restaurants, including takeout and delivery, and earn 4X Membership Rewards® points at U.S. supermarkets , and 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com. Terms apply.
This makes it pretty easy to earn Membership Rewards points. It’s the highest rate you’ll find on dining and one of the highest for groceries, plus a decent rate on travel. While the card’s travel category is a little more narrow than most, as it only applies to flights, the combination of high-powered rewards earned on both dining and groceries makes it easy to accumulate points quickly.
Amex Membership Rewards is also one of the best credit card rewards programs. The ability to transfer the points you earn to a long list of airline and hotel loyalty programs makes them particularly valuable, even when compared to some of the best rewards cards. When you take the earning rate for the average cardholder and multiply it by our estimated point value of 2 cents per point, the American Express® Gold Card blows most others out of the water in terms of average rewards earned per $1 spent.
Average rewards earned per $1 spent
People Who Are Under 5/24 And Want More Chase Cards
As mentioned above, Chases 5/24 rule is one of the most important considerations in building a starter strategy for credit cards. Five cards can seem like a lot to someone who has never even had one before, but those slots go by quickly and once youve used them up, it takes a while to get them back.
The Amex Gold is probably going to be around for a while, so theres no reason to fire off an application for it right now if it means compromising your strategy with Chase.
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Up To $10 In Monthly Dining Credits
Amex Gold Cardholders receive up to $10 per month back in statement credits, worth up to $120 per year, toward purchases with Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations.
Even if you don’t visit the participating restaurants, getting the credits for Grubhub and Seamless food deliveries makes it easy to max out the credit each month, since you’ll have so many restaurants to choose from. After you use your Amex Gold Card for the purchase, you’ll receive the statement credit but keep in mind, if you don’t use the full credit one month, it won’t roll over to the next.
Which American Express Card Is Best For You
With so many highly rated American Express cards, there isnt a best card, as the answer depends on your personal goals. All the Amex cards on our list are strong in their own way, offering unique benefits that cater to different people.
If youre looking for a card thats simple and earns cash back, then youll want to consider either the Blue Cash Everyday or the Blue Cash Preferred. With so many similarities between the two, the best option for you depends on how much you spend each year in certain categories, especially at U.S. supermarkets.
For those looking for travel perks, you cant go wrong with the Amex Platinum. But, if you dont think youll fully utilize all the benefits that come along with this pricey card, you might want to instead consider the Amex Green. Alternatively, the Amex Gold might serve as a happy medium between the two with a balance of perks, points and a moderate annual fee.
On the other hand, those who want a card that earns points or miles in a specific airline or hotel program and comes with perks tied to that airline or hotel will want to think about one of the Amex co-branded cards. If earning hotel rewards is important to you, then the Hilton Honors Aspire or are the way to go. And for the frequent or even leisure flyer, the Delta Gold Amex is a great go-to card for saving money on those pesky baggage fees.
Looking for the best overall credit card? Find out which cards CNN Underscored chose as its best credit cards of 2021.
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Ive Always Loved To Travel But I Didnt Start To Relish Going To The Airport Until I Got Amex Lounge Access
The American Express Global Lounge Collectionis a network of more than 1,200 lounges in airports across 130 countries. Inaddition to the credit card companys flagship lounges The Centurion Loungeand the International American Express lounges Amex lounge access may alsogain you entry with partner lounge networks.
Taking advantage of the Amex lounge networkhas enhanced my travel experience, especially in a place thats often the mosthectic part of a trip the airport.
But getting access to such a prestigious experience doesnt come cheaply. Read on to learn what American Express lounges offer and what it takes to get access.
American Express Mycredit Guide
American Express also offers a tool that provides you with a free credit score MyCredit Guide. This service is actually available to anyone, even if you arent an American Express cardholder. They will provide your TransUnion credit report and a weekly VantageScore 3.0 credit score by TransUnion.
Checking MyCredit Guide does not impact your credit score, so you can use it as often as you wish.
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How To Get A Cash Advance With American Express
If your credit card is the only way you can access cash, American Express allows you to request a cash advance.
Unlike other credit card issuers, Amex doesnt offer that many ways to get a cash advance you can only withdraw cash from a participating ATM.
To do that, youre going to need a PIN. Some cardmembers can view and change their PIN in their online account in the Card Management section. If you dont see the option in your online account, you can request a PIN by calling Amex at 1-800-227-4669.
American Express cards dont have a set credit limit like other credit cards, but it doesnt mean you can get any amount of cash with a cash advance.
For instance, here are cash advance limits on some of the Amex credit cards:
- American Express Centurion Card $10,000
The American Express Gold Card
The Gold card comes with an annual fee of $250, and there is no annual fee for adding any additional cards to a Gold account. One of the biggest perks for any cardholder is the membership rewards program, which allows consumers to earn points as they use their credit cards.
The Gold card is geared toward people who are big shoppers, eat out a lot, and do a lot of everyday spending. American Express Gold cardholders can earn four points for every dollar spent at U.S. restaurants and U.S. supermarkets , three points for every dollar spent booking flights with airline companies or through the American Express travel website, and one point for every dollar spent on any other purchase.
As of February 2021, first-time cardholders are also eligible for 60,000 points after you use your card to make $4,000 in purchases for the first six months of account membership.
Unlike traditional credit cards, American Express cards do not have a regular APR or charge interest, as all balances must be paid in full each month. However, the Gold card does offer cardmembers the flexibility to pay for purchases of $100 or more over time at a set interest rate.
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How Much Are The Rewards Worth
American Express Membership Rewards points are prized as some of the most valuable travel rewards you can earn, thanks in part to a diverse list of travel partners.
They hold a 2-cent market value on average based on The Points Guys analysis, but you should use Amexs rewards calculator before redeeming just in case. Your points value could shrink by half if theyre used for non-travel rewards.
However, a special offer allows select cardholders to be able to redeem reward points at a boosted 1 cent-per-point rate to cover card charges a 40 percent increase from the standard 0.6 cent redemption value for statement credits. Travel might still be a more valuable use of your rewards, but its an offer worth considering if your travel plans are on hold for now.
Is The Card For You
The short answer? Probably. The American Express Gold Cards 4 points per dollar earnings rate at restaurants and U.S. supermarkets make the card a rewarding choice for many people. Membership Rewards are a versatile tool in the travel rewards toolkit. However, you will need to jump through a few hoops to make up for the $$250 annual fee with the credits this card offers.
To view rates and fees of the American Express® Gold Card, please visit this page.
To view rates and fees of The Platinum Card® from American Express, please visit this page.
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Amex Gold Card Vs Other Rewards Cards
*the Amex Gold card earns 4x points on up to $25,000 spent at U.S. supermarkets each year, then 1 point per dollar.
***the Chase Sapphire Preferred offers 5x points on Lyft rides through March 2022.
****the Amex Gold offers up to $10 in dining credits each month when you use your card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations.
American Express Gold Card Overview
Its high rewards rate, valuable benefits and up to $340 in total annual credits toward eligible dining, Uber and hotel purchases make the annual fee well worth it.
Compared to Amexs premier travel cardThe Platinum Card® from American Expressand similar top-tier rewards cards, the Amex Gold card is the best option for earning rewards outside airfare and hotel stays.
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Who Is This Card Good For
Whether youre an aspiring home chef or prefer to visit new restaurants weekly, the Amex Gold is the king of dining rewards. Basically, anyone who spends a large chunk of their budget on food will watch the points stack up with this card and youll also be rewarded with up to $240 in annual statement credits.
The Platinum Card From American Express: Best For Luxury Travel Benefits
While travel isnt back to where it was before the pandemic, for those who have already hit the road again, being able to simplify your travel experience might be exactly what you need. The American Express Platinum card is the ultimate definition of luxury and comes with a slew of VIP perks that rival any card on the market but also a hefty $695 annual fee .
One of the best benefits of the Amex Platinum and an easy way to partially offset the annual fee is the up to $200 in annual airline fee credits. These credits can be used toward many incidental fees, such as checked bags, change fees and in-flight Wi-Fi, on the one carrier you select as your qualifying airline each year.
Other popular credits youll receive with the Amex Platinum each year include up to $200 in Uber Cash which can be used for Uber rides in the U.S. or Uber Eats orders up to $240 in annual statement credits on eligible purchases or subscriptions with Peacock, Audible, SiriusXM or The New York Times, an annual credit of up to $200 for prepaid bookings at Amex Fine Hotels + Resorts or The Hotel Collection properties made through American Express Travel and up to $100 toward purchases at Saks Fifth Avenue, split into portions of up to $50 in each half of the year.
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