What Is The Limit On A Gold Credit Card
The American Express Premier Rewards Gold Card’s credit limit actually varies from month to month.
In other words, the card has no pre-set spending limit .
That doesn’t mean Amex PRG offers unlimited spending.
Rather, Amex may adjust your spending limit over time, based largely on your payment history..
Weighing Down Your Wallet
Since so many issuers offer metal cards now its not uncommon for your wallet to get filled with heavy metal credit cards. This can weigh down your wallet a lot and make it uncomfortable to keep in your pocket and difficult to fit additional cards inside.
You might not even be able to get through metal detectors Okay so maybe thats a stretch but the point is that metal credit cards can become a hassle to deal with.
Tip: Some issuers might allow you to request a plastic version of their metal card so thats always something to look into.
What Are Metal Credit Cards
Metal credit cards are credit cards that come with some form of metal which could include brass, copper, brushed stainless steel, titanium, gold, and even rare palladium.
Some are 100% metal while others come with metal sandwiched between layers of plastic. Metal cards have been around for a while but its only recently in the last couple of years that theyve gotten very popular and weve seen various issuers switch to metal, even for non-premium cards.
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Is The Amex Gold Worth It
As you shouldnt judge a book solely by its cover, you shouldnt choose a card only for its annual fee. The American Express Gold Card has a $250 annual fee . This fee is higher than most credit cards that cap out at $95 but is cheaper than premium credit cards that charge $550 each year.
While you pay a higher fee upfront, the various card benefits can be worth more than $250. If thats the case, the American Express Gold Card is worth it.
New Travel Benefits With The American Express Metal Platinum Card Canada
Along with introducing a new metal version of the Platinum card on February 13 2019, we also saw some new earning rates introduced as well.
The American Express Metal Platinum Card front.
Effective immediately, the new earning rates are:
- 3x the points for eligible dining purchases in Canada.
- 2x the points for all eligible travel purchases.
- 1x the points for all other purchases. Previously this category earned 1.25 membership reward points, however, the increase in points for the dining and travel categories make up for the devaluation here for a net win.
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How Do You Destroy A Metal Credit Card
One of the biggest drawbacks of metal credit cards is that they’re hard to destroy if your card has expired or you’ve closed your account. Unlike a plastic credit card, you cannot put a metal card into a household shredder.
Often, issuers who offer metal credit cards will happily destroy your unused credit card for you. Amex and Chase, for instance, will send you an envelope so you can mail your card to them for destruction.
If you’re intent on destroying your own metal card, be sure to be thorough. Most metal cards store information in the magnetic stripe, the EMV chip, and on the card itself. When in doubt, contact your issuer for their suggestions.
What Do I Do With My American Express Points
Go Shopping: Shop with American Express merchant partners through the Membership Rewards portal. Note that the value of Membership Rewards points varies according to how you redeem them. Points can typically be redeemed for anywhere from 0.5 cent per point to 1 cent per point. Rewards arent all the Gold Card has to offer.
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When To Skip Getting A Metal Credit Card
If youre looking for the chance to obtain a luxury card but have not looked too deeply at what that card can provide you, then it may be best to skip getting a metal credit card. People in the situations below should avoid getting a metal credit card.
- Youre building credit. The high annual fees on metal cards arent worth it if youre working on your credit score and paying off credit card debt. Its a better financial move to use a starter card, a credit card with no annual fee or a 0 percent intro APR card.
- Youre new to credit cards. While the luxury benefits seem enticing, they come with complicated rewards structures and annual fees. Opt for something with straightforward rewards and no annual fees for your first credit card before graduating to high-end, luxury metal credit cards.
Best Metal Credit Cards For February 2022
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There are many things that set the best credit cards apart from the rest. Perks, rewards — and even sheer heft. Yes, these days, many of the most premium rewards credit cards have traded their plebeian plastic for the extravagance of metal. The best metal credit cards not only offer top-tier rewards, but also a luxurious feel that’s sure to turn heads wherever you use them. Are you ready to upgrade your card experience by applying for a credit card made of metal? Read our full guide to the best metal credit cards.
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How To Get A Metal Credit Card
If you desire a metal credit card, you should treat the process of choosing one the same way you would any other financial product.
- Look at the spending categories. First, browse metal cards to see what’s available and get a quick sense of which ones might match your spending style.
- Make sure you can qualify. Then, consider your own credit status, such as your current credit score and income, to determine if you have a chance to qualify for your card of interest. In many cases, metal credit cards tend to require strong credit since they often have an annual fee or require a higher level of spending to access the benefits.
- Read the terms and conditions. Once you deem a particular card a good fit for you, give a closer look at the terms, benefits and fees to make sure you’re ready to apply. Then, simply head to the issuer’s application page and fill out the form to get started. You may also choose to apply from an application that is mailed to you, or by calling the issuer.
Best Metal Credit Cards
top metal credit cardsThis content is not provided or commissioned by any issuer. Opinions expressed here are the authors alone, not those of an issuer, and have not been reviewed, approved or otherwise endorsed by an issuer. Please keep in mind that while some offers may come from WalletHub advertising partners, sponsorship status played no role in card selection.
The best metal credit card is the Capital One Venture Card because it has a lot of substance to back up its sleek appearance, offering 2 miles per $1 on purchases along with a big initial bonus. The Venture Card gives 60,000 miles for spending $3,000 in 3 months.Capital One Venture also has a reasonable annual fee and no foreign transaction fee. When you further consider that cardholders can redeem miles to pay for any travel-related purchase charged to the account, its clear why Capital One Venture is both the best metal card and one of the best credit cards overall.For a bit of background, Capital One Venture switched from plastic to metal on Feb. 15, 2017. A metal card is now the default for newly approved Capital One Venture Card applicants. To learn more, check out WalletHubs complete Capital One Venture Card Review.
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Amazon Prime Rewards Visa Signature Card
The * is geared towards frequent Amazon shoppers, rather than people who want to travel using credit card points. Theres no annual fee, but you can only get the card if you are an Amazon Prime member. Youll also earn a $150 Amazon gift card upon approval, which offsets the price of your $119 in your first year.
The card earns 5% cash back at Amazon.com and Whole Foods, plus 2% cash back at restaurants, gas stations and drugstores, and 1% cash back on everything else.
Capital One Venture Rewards Credit Card: Best For Flat
Capital Ones flagship credit card is also its heaviest metal card. If travel credit cards with lots of moving parts arent your speed, the Venture Rewards card is as streamlined as it is sleek. You can rake in unlimited 2X miles on all purchases without breaking the bank thanks to its $95 annual fee.
Unfortunately, the cards other features leave a bit to be desired. Aside from the Capital One travel transfer partners that improve the flexibility of your miles and the up to $100 Global Entry or TSA Pre-Check application fee credit , you wont get many value-boosting perks. But if youre looking for a well-rounded metal rewards card, it doesnt get much easier than the Venture card.
Take a closer look:
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How To Choose A Metal Credit Card
While a metal credit card may evoke feelings of luxury, the best metal credit card for you will come with benefits that fit into your overall financial goals. When choosing a metal credit card, take into account everything from annual fees to offered protections and rewards programs. Its important to ask yourself certain questions when considering any credit card, including a metal one:
Should You Get The American Express Gold Card
Is the American Express Gold Card worth it? You should consider getting the American Express Gold for these reasons:
- Balances travel and dining rewards
- Earns up to 4x Membership Rewards
- The annual fee is lower than premium credit cards
- Has more benefits than most travel credit cards
This mid-tier travel credit card gives you a taste of the premium credit card benefits but with a smaller fee. The purchase rewards make it easy to earn bonus Membership Rewards at home and when you travel.
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Metal Credit Cards With No Annual Fee
Most metal cards come with premium features like lucrative rewards and great perks, they also usually come with a hefty annual fee. However, there are metal credit cards that will provide you with the durability of a metal credit cardalong with great rewards and a variety of perkswhile skipping the annual fee. Below are the best metal credit cards that have the durability, rewards and perks consumers want, without annual fees.
- Apple Card: Crafted from titanium, the Apple Card has the durable qualities of a metal card with a unique opportunity to earn rewards. Its a great cash back card option for consumers who prefer Apple products. Cardholders earn 3 percent cash back on Apple products like iPhones and Mac computers.
- : This card is a great option for Amazon Prime members and Whole Foods shoppers. Cardholders are required to have Amazon Prime memberships , but they earn 5 percent cash back on all Amazon purchaseswith no cap placed on spendingand 2 percent back at gas stations and restaurants.
- Wells Fargo Propel American Express®: Though Wells Fargo hasnt shared what metal the Propel card is made of, it weighs about 10 gramstwice as much as the average plastic card. Cardholders earn 3X points on everyday categories like dining out and at gas stations.
Venture Rewards From Capital One: Best For Earning Miles On All Purchases
Type of metal used and weight of the card
The Venture Rewards from Capital One weighs 16 grams and is made out of stainless-steel veneer and produced with 75% recycled materials. The usage of recycled materials can be a plus for those who consider themselves environmentally friendly.
Rewards and benefits
Capital One is offering a bonus of 60,000 miles if you spend $3,000 on purchases within the first three months from account opening.
Other ways to earn miles include:
- 2x miles per dollar on every purchase
Additional benefits include:
- $100 Global Entry or TSA PreCheck credit
- Cardholders get access to VIP tickets, five-star meals, and more
- No foreign transaction fees
The Capital One Venture Rewards card has an annual fee of $95. If you take advantage of the $100 Global Entry or TSA PreCheck credit each year, you will have already earned more value from the card than the annual fee you will pay.
To learn more about the card and its other benefits, .
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Metal Credit Card Pros And Cons
Whether a card is plastic or metal it still makes purchases the same. We recommend considering a card’s APR, bonuses, ongoing rewards, and other perks more heavily than whether it’s metal or not, but there are some important pros and cons of metal credit cards to first consider if you’re looking to apply for one.
Pros: The most obvious pro of metal credit cards is that they are much more durable than their plastic cousins. If you use a plastic credit card long enough, chances are youll need to replace it a few times throughout the life of the account. Even a plastic credit card thats well taken care of has a hard time standing up to potential accidental damage. They bend easily, can snap, and the printed information usually fades over time. Not to say that a metal credit card is indestructible, but the chances that a metal credit card will survive an accidental run through the washing machine are much higher than that of a plastic card.
Theres also a feel of luxury to metal credit cards that some would count as a pro. Some people like the element of surprise that accompanies handing over an unordinary card, while some just enjoy the look better.
Are Metal Credit Cards Secure
Metal credit cards offer all of the same security features as plastic credit cards. For example, newer metal credit cards will come with EMV chips for secure purchasing and contactless payments. The card issuers with metal credit cards also offer the same $0 fraud liability as they do for their plastic credit cards.
The only time a metal credit card may be less safe than a plastic one is when it comes to trying to destroy your old or expired card. It’s usually a bad idea to stick a metal credit card into a typical household shredder. Melting or setting fire to your metal credit card can also be dangerous.
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Does Amex Gold Have Credit Limit
The American Express Premier Rewards Gold Cards credit limit actually varies from month to month. In other words, the card has no pre-set spending limit . That doesnt mean Amex PRG offers unlimited spending. You also have to pay a charge cards balance in full every month to continue making purchases.
What Do You Think
Have you received a new metal Delta Amex? If not, will you order a replacement now or wait until your current card expires? What do you think of the new designs? Please share your thoughts in the below Comments section!
To see rates and fees for the Delta SkyMiles® Platinum Business American Express Card, please visit this link. Terms apply.
Eye of the Flyer, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Eye of the Flyer and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the authors alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
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Best Metal Credit Cards Faq
Finding the best credit card can be tough. But youve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institutions responsibility to ensure all posts and questions are answered.
When Is This Coming To The Uk
I dont know.
Scandinavia is the first region in Europe to get the card, and Sweden was the first country in Scandinavia to launch. I am sure it is only a matter of time before the card comes to the UK.
The only concern I would have, if I worked for Amex, is that the Gold card is the most mainstream American Express card in the UK. Whilst Im sure that a lot of UK customers would be keen to get their hands on a metal payment card, especially at the younger end there is a risk that the market will not support the higher fee that Amex would want to cover the costs of production.
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Amex Gold Welcome Bonus
The current welcome bonus for the American Express Gold is 60,000 Membership Rewards worth up to $600 in award travel or gift cards. You earn the bonus by spending $4,000 in the first 6 months. Most cards only give new cardholders 3 months to earn a bonus.
The 60k welcome bonus is one of this cards highest bonus offers. Timing your application for an outsized bonus can be a smart move.
Also, Rose Gold is back! Cardholders can choose between Gold or Rose Gold.