Verdict: Using the American Express® Gold Card allows the cardholder to earn unlimited points that never expire. The first year fee is waived and the cardholder is given 10,000 bonus reward points – meaning, the card is going to reap benefits right away!

In order to get 10,000 points, you would have to spend $10,000.00! This is one of the best introductory offers available for card holders. This offer is available for those that spend $500.00 within the first three months and is enough to get $100.00 gift card to your favorite store or service!

Overview

The prestige and benefits that come with being a cardholder of the American Express® Gold Card allows the applicant to become part of an elite group.

As an added bonus, cardholders have access to elite tickets for sporting events, concerts and other shows in various cities throughout the nation.

How This Card Works

The card accumulates points through each dollar of spending. One dollar spent on the card gives the cardholder one point.

There is no pre-set spending limit and the balance must be paid in full each month. This charge card accrues late payments if the balance has not been paid in full. Although the application states that there is no pre-set spending limit, a limit will be determined through the past credit history with the company, employment information, credit rating and spending patterns.

These points can be used for travel, gift certificates for your favorite retailers, hotels and accommodations and merchandise.

Travel and Shopping Benefits

Cardholders receive complimentary travel insurance and car rental insurance. This could save hundreds of dollars on car rentals throughout the vacation.

Members are able to redeem their rewards in the way of airline rewards programs in over twenty one programs. This contributes to the vast amount of rewards that are available through the program. The benefits far outweigh the annual fee, making this card a great choice for those wanting to take part in a rewards program that is at the head of its class.

Fees

The American Express Rewards Gold Card comes with an annual fee of $125.00. Although this is higher than other rewards program, the card holder is receiving top tier rewards.

There is no APR because the American Express Rewards Gold card is a charge card and the bill must be paid in full each month. If not, a late payment fee is charged to the balance of the account.

Late payment fees are calculated at a minimum of $30.00 or 2.9% of the balance that has become delinquent.

Payments are due for charges in the previous billing period when the card statement has been received by the cardholder, this occurs on the same day each month, throughout the billing period.

Up to five cards are issued with the account; each card after these five comes with a fee of $35.00. This is excellent, compared to other programs that charge up to twenty five dollars for each additional card that is given to the account holder.

Pros

•    Fee is waived for the first year
•    Up to five cards free for business members or members of the family
•    New cardholders receive a bonus of 10,000 points as an introductory offer
•    Free shipping and handling through various online merchants, making online shopping less expensive and easier than ever.

Cons

•    Annual fee of $125.00
•    Balance must be paid in full each month to ensure that the account remains in good standing
•    Spending limits determined by credit history, spending habits, employment history and payment history with company

Apply for the American Express® Gold Card.

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