By Megan Doyle | American Express Credit Intel Freelance Contributor
8 Min Read | December 22, 2020 in Cards
Gold Card rewards include 4X bonus points on dining and supermarket spending and up to $120 a year in monthly dining credits at participating partners. Card Members can also earn up to another $120 a year in Uber Cash that can be spent on Uber rides or Uber Eats in the U.S.
Another great welcome offer: New Gold Card Members can earn 60,000 Membership Rewards® points after spending $4,000 on eligible purchases on the Card in their first six months of Card Membership – up to a $600 value or even more, depending on how points are redeemed.
The Gold Card gives Card Members financial flexibility and flexible repayment options to support their changing lives, with tools such as Pay Over Time and Pay It/Plan It.
Thinking about going for the Gold? Good news: With a new welcome offer, there might never be a better time for a credit card seeker to apply for the American Express Gold Card than right now. New Card Members can earn 60,000 Membership Rewards points after spending $4,000 in the first six months of Card Membership.
Still, a great credit card offers more than an excellent welcome bonus. Here’s an in-depth look at what the Gold Card offers – plus an explanation of its unique-to-Amex approach to credit limits and a look at the kind of credit score that might boost your chances of approval. It’s important to note that terms apply to all benefits listed below and all offers are subject to change.
The Gold Card’s welcome offer recently went through big changes. Now you can earn 60,000 Membership Rewards points after you spend $4,000 in purchases on your Card during your first six months of Card Membership1 – that’s nearly twice as many points as before, and you have twice as long to meet the spending threshold. Currently, the annual fee is still $250.2
It doesn’t matter whether you choose to make a large purchase right away or spread out $4,000 in spending on your new Credit Card over the course of your first six months, which works out to less than $700 per month. If you reach the spending threshold within six months,3 you earn the 60,000 points – which could be worth as much as $600 depending on how you choose to redeem them with Amex or even more if you transfer points to an Amex partner.
And, Gold Card Members will automatically receive $10 a month in Uber Cash after adding their Gold Card to their Uber account, for up to $120 a year that can be spent on Uber Eats and Uber rides in the U.S.
In addition to the welcome offer, the Gold Card offers a number of accelerated points-earning opportunities, especially for food lovers:
And when you’re ready to travel – whether you’re taking a last-minute trip or planning a vacation a year in advance – the Gold Card also gets you 3 points per dollar spent on flights booked directly with airlines or through American Express Travel.
Once you’re ready to “spend” the Membership Rewards points you earned by paying with your Gold Card, there are several redemption options:
Note that the value of Membership Rewards points varies according to how you redeem them. Points can typically be redeemed for anywhere from 0.5 cent per point to 1 cent per point.
Rewards aren’t all the Gold Card has to offer. Its dining, hotel, and Uber Cash credits help you save a little extra when doing the things you love.
The Gold Card also can help you get room upgrades when available at participating hotels – though some hotels and resorts have fees that may apply. And when you’re traveling abroad, the Gold Card doesn’t incur the foreign transaction fees that some other credit cards charge.2
Beyond rewards and credits, the Gold Card offers a variety of additional shopping and travel benefits. This includes the opportunity to sign up for a free ShopRunner membership, which gets you complimentary two-day shipping on eligible items. Minimum order may be required. Enrollment required.
Unlike typical credit cards that have a credit limit, the Gold Card has no preset spending limit. This can allow Card Members more purchase flexibility and increase rewards-earning potential. Of course, no preset spending limit doesn’t mean you’ll have access to unlimited spending, but rather that the spending limit is flexible. Purchases are approved based on factors such as your purchase, payment, and credit histories.
In addition, the Gold Card comes with flexible payment options that are similar to credit card features, including:
Independent reviewers have suggested that approval for an American Express Gold Card takes a FICO credit score in the good range – which starts at 670 – or higher.4,5 The higher your score, of course, the better your chances of approval. You can check to see whether you pre-qualify for the Gold Card on the American Express website.
American Express’ many different credit cards are meant to match various lifestyles. But sometimes one card isn’t a perfect match. If you already have an American Express cash back card, for example, you can still get a Gold Card for earning Membership Rewards points.
The American Express Gold Card offers plenty of ways to earn points – including 4 points per dollar spent at U.S. supermarkets (on up to $25,000 in purchases per year) and restaurants – and redeem rewards. Plus, the Gold Card includes up to $120 in Uber Cash, up to another $120 in dining credits with participating partners, and a number of other perks. Right now, the Gold Card also comes with a welcome offer for new Card Members that can be redeemed for as much as a $600 value or more – as long as you spend at least $4,000 in purchases on the Card within the first six months of Card Membership.
1 For more on Offer and Benefit Terms for the American Express Gold Card, click here.
2 For more on Rates and Fees for the American Express Gold Card, click here.
3 That’s six months from the date your account is approved, and merchants must post transactions before the six months are over for them to be counted for the bonus, even if the purchase date was before the deadline. For complete Offer and Benefit Terms, click here.
4 “American Express Gold Card Reviews,” WalletHub
5 “American Express Gold Card Review,” Investopedia