Preferred Rewards Gold Card

INTRO APR No Introductory Rate Available
APR No APR
ANNUAL FEE $125**
BENEFIT RATING
OVERALL RATING

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Terms and Conditions

Overview

The Preferred Rewards Gold Card is an ideal card for those who can afford to pay in full each month to avoid accumulating credit card debt, as often can be the case with revolving balances and high interest rates.

Cardholders have access to the Membership Rewards program for no additional fee. Through the rewards program, cardholders earn one point per dollar spent on all purchases. Plus, cardholders will receive 10,000 bonus points after their first purchase, which is redeemable for a $100 gift card at participating merchants and retailers (please refer to the American Express website for a complete list of participating Membership Rewards partners). Points can be redeemed for travel rewards on over 21 airlines and for many other rewards. There is no limit to the amount of points that can be earned, and points never expire.

Although there is a high annual fee of $125 for the basic card and a fee of $35 for additional cards, this fee will be waived the first year for the basic card and for up to five additional cards. This card does provide many additional services and benefits including travel accident insurance, auto rental insurance, purchase protection services, various merchant discounts, and more.

Cardholders will also have access to Gold Card Events, which gives them exclusive access to tickets for select concerts, shows, sporting events, and more.

Therefore, those who can afford to pay in full each month, would like to participate in the rewards program, and plan to take advantage of the many benefits and services provided by American Express® will benefit most from what the Preferred Rewards Gold Card has to offer.

Most Attractive Feature
Access to rewards program for no additional fee; special discounts at participating merchants; first-year fee free; bonus points are equivalent to a $100 gift card.

Least Attractive Feature
High annual fee for primary and additional cardholders.

Additional Benefits
Various Internet account related services.
Access to Gold Card Events including exclusive tickets for select concerts, shows, major sporting events, and more in cities nationwide.
Discounts on products and services at participating merchants and retailers.
Return protection
Purchase protection.
Extended warranty for purchases.
Auto rental insurance.
Medical referral service.
Legal referral service.
Emergency cash replacement.
Lost luggage insurance.
Travel accident insurance.
Guaranteed hotel reservations.
Emergency card replacement.
Year-end financial statement.
Identity theft assistance.
Various travel and emergency assistance services.
See website for additional benefits.

Rates & Fees

Card Category: Charge

Introductory Rate: No Introductory Rate Available

Applied Towards: None

Introductory Rate Details:

APR (Purchases): No APR

APR (Cash Advances): No APR

Finance Configuration:

Annual Fee: $125**

Additional Cardholders: $35

Grace Period: Not applicable to this type of card.

Minimum Credit Limit: See Important Notations

Maximum Credit Limit: See Important Notations

Late Payment Fee: n/a

Over-The-Limit Fee:

Cash Advance Fee:

Balance Transfer Fee:

Important Notations: This card is a charge card and the bill is paid in full each month. The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources. See website for complete terms and conditions of card usage and application disclosure.

*To view the most current rates, please see the most recent: Terms and Conditions

Rewards

Points per Dollar:

Additional Points:

Applied Towards:

Point Details: Points are redeemable for travel rewards on over 21 airlines.

Expiration: None

Yearly Limit: None