American Express® Gold Card Review

American Express® Gold Card is a rewards credit card issued by American Express National Bank. 

This card is designed for people with good credit. The minimum credit score to apply is 700. 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.

Pros & Cons of American Express® Gold Card

The Good	The Bad
Multiple credit card perks. Cardholders can earn rewards on their purchases. Offers auto rental collision damage waiver. Includes emergency support. Extended warranty protection on purchases. Purchase Protection. Travel Accident Insurance. Travel Assistance. No foreign transaction fee. Earn rewards on every purchase. American Express® Gold Card reports to multiple credit bureaus.	Higher than average purchase APRs. 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	$2000

What are the American Express® Gold Card benefits?

American Express® Gold Card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• No blackout dates when redeeming miles
• Travel Assistance
• ID Theft Protection
• 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 higher than average purchase APRs.

American Express® Gold Card has a variable purchase APR of 19.99%. It also has a variable cash advance APR of 26.99% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

American Express® Gold Card Balance Transfers

Description
Balance Transfer APR	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

American Express® Gold Card Rates & Terms

Description
Balance Computation	Average Daily Balance method (including new transactions)
Purchase APR	19.99%
Credit Limit	N/A
Penalty APR	29.99%
Cash Advance APR	26.99%
Security Deposit	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the American Express® Gold Card fees?

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 $39
Late Payment Fee	up to $39

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.