Quick Answer: What Is The Benefit Of American Express Gold Card?


Is it worth having an American Express gold card?

Yes, it has a hefty annual fee, but it might be worth it for certain kinds of spenders and travelers. Let us explain. The AMEX Gold Card offers a nice balance between earning rewards and travel perks. The annual fee may seem a bit high, but it offers benefits that help justify the fee such as a $100 airline fee credit.

Does American Express Gold Card get you into airport lounges?

Airport Lounge Access

If you travel frequently, you’ll find the complimentary lounge access to over 1,200 lounges in the American Express Global Lounge Collection an impressive perk. The Global Lounge Collection includes lounges in the following networks: Delta Sky Clubs (when traveling with Delta) Airspace Lounge.

How does Amex gold card work?

American Express Gold card rewards

The card offers 4x points at restaurants, 4x points at US supermarkets (up to $25,000 in purchases per year; then 1x), and 3x points on flights booked directly at airlines or Amex Travel.

How much is a gold American Express card?

The annual fee for the American Express® Gold Card is $250 (See Rates & Fees). This includes up to 5 additional cards. If you have 6 or more additional cards, the annual fee is $35.

Is it hard to get an AMEX gold card?

Getting the American Express® Business Gold Card isn’t difficult if you have a credit score of at least 670, consistent income, and positive payment history with at least one other credit card.

Does American Express Gold Card have a limit?

American Express Cards DO Have Spending Limits. If you carry a classic American Express Green, Gold, or Platinum card, or any other credit card that has no pre-set spending limit, you probably know this doesn’t mean your card has no limit at all.

How do I maximize my Amex gold card?

5 ways to maximize your American Express® Gold Card benefits

  • Make sure you qualify for the welcome offer.
  • Use your rewards benefits, including airline fee and hotel credits.
  • Consider transferring Membership Rewards® points to participating programs.
  • Don’t overlook the lesser-known travel perks.

Which is better Amex gold or platinum?

Amex Gold is the cheaper option, charging $250 per year versus Amex Platinum’s $550. Amex Platinum has a bigger initial bonus: 60,000 points for spending $5,000 in the first three months (vs. 35,000 points for spending $4,000 in three months with Amex Gold). Platinum also provides more points on travel purchases.

Should I upgrade Amex gold to platinum?

If you want to upgrade from Amex Gold to Platinum, you should be eligible to do so after one year. And if you decide you don’t get enough value out of the Platinum to offset its rather large annual fee, then you can downgrade, too . For rates and fees of the American Express® Gold Card, please click here.

How do you get 50000 points on Amex Gold?

50k offer: Earn 50,000 Membership Rewards (MR) points after spending $4,000 in first 3 months. And receive 20% dining cash-back in US restaurants, up to $100 in the first 3 months (no longer available). We estimate that Membership Rewards (MR) are worth about 1.6 cents/point, see below for a brief introduction.

What does 50000 Amex points get you?

Based on Credit Carrot’s valuation, we place the value of a single AMEX point at 1.5 cents. With this valuation, 50000 AMEX points would be worth $750. Uber Redemption: You can redeem your rewards points for Uber rides at a conversion rate of 1.0 cents per point.

What credit score is needed for American Express Gold Card?

700 or higher

How much money do you need to have a gold card?

Income. You must have a regular income to apply for a gold credit card. Some of these cards also specify a minimum income amount, which typically range from $30,000 to $50,000.

How do I get an Amex rose gold card?

The only way to get the rose gold variant is via referral from an eligible American Express cardmember. Referrals can be made through the mobile app or this site. Most cards are eligible to generate a referral, except for AmEx’s hotel and airline co-branded cards.

How do I get an AMEX black card?

The requirements to get a “black card” aren’t publicly available either, but based on other users’ reports, you should probably:

  1. Use other Amex cards.
  2. Be an active cardholder for at least a year.
  3. Charge at least $250,000 per year (though some estimates are as high as $450,000)

Is the Gold Card worth it?

Is the Amex Gold card worth it? The American Express Gold card offers the highest combined rewards rate you can find on both U.S. supermarket and restaurant purchases – making it ideal for foodies. Plus, it comes with several travel protections and credits that can help offset its high annual fee.

How much is 30000 Amex points worth?

This means your 30,000 Amex Membership Rewards points are worth $300 in travel.

Should I cancel my Amex gold card?

If you don’t want to keep paying annual fees on a charge card, you’ll need to cancel. Before you cancel, make sure you have a way to keep the Membership Reward points “alive.” Either have another open charge card that earns MR points or the Amex EveryDay card.