American Express Gold Card Review

American Express Gold Card is a rewards credit card issued by American Express National Bank. If you're wondering whether American Express Gold Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of 4 points per dollar spent.
• Signup bonus. Offers a signup bonus of 50000 points after spending $4,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. American Express Gold Card has a variable purchase APR that ranges from 15.99% up to 22.99%.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Gas rewards.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, travel assistance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

American Express Gold Card Pros and Cons:

The Good

The Bad

Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. Lower than average purchase APRs. Multiple credit card perks. Offers auto rental collision damage waiver. Travel assistance insurance No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. American Express Gold Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Requires good to excellent credit. Charges an annual fee of $250

Is there a American Express Gold Card cash back or rewards program?

American Express Gold Card offers a rewards program to its customers.

American Express Gold Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	4%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	50000
Signup Bonus Spend Requirement	$4000
Signup Bonus Spend Period (months)	3 months

What are the American Express Gold Card benefits?

American Express Gold Card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Zero fraud liability
• No blackout dates when redeeming miles
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for American Express Gold Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. American Express Gold Card has lower than average purchase APRs.

American Express Gold Card has a variable purchase APR that ranges from 15.99% up to 22.99%. It also has a variable cash advance APR of 25.24% . Note that late payments are subject to an APR of 29.24% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for American Express Gold Card?

The following fees apply to American Express Gold Card:

American Express Gold Card Fees

Fees	Amount
Annual Fee	$250
Foreign Transaction Fee	0%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

Does American Express Gold Card report your account activity to credit bureaus?

American Express Gold Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for American Express Gold Card

• Visit the American Express Gold Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.