By: Kate Anderson | Updated: 8th May 2019
The American Express Preferred Rewards Gold Credit Card is a nice step up for those who are willing to pay an annual fee in exchange for a higher-end experience. The card offers a fruitful membership reward programme, airport lounge access, hotel room upgrades and all the benefits of being an American Express cardholder. But all this comes with a comparatively hefty price tag of £140 a year.
On American Express's Secure Website
This card offers a high-end package in the form of a lucrative rewards programme and travel benefits suited to those who enjoy travel and adventure. However, with the comparatively high price of £140 in the form of an annual fee, you should expect a card with all the trimmings.Read full review >
|Representative Rate||57.6% APR (variable)|
|Annual Fee||£140 (£0 in the first year)|
|Credit Limit||Assumed credit limit of £1,200|
|Purchase Rate||22.9% variable for purchases|
This card offers a high-end package in the form of a lucrative rewards programme and travel benefits suited to those who enjoy travel and adventure. However, with the comparatively high price of £140 in the form of an annual fee, you should expect a card with all the trimmings.
The American Express Preferred Rewards Gold Credit Card gives you everything you would expect from a rewards card, plus a little bit more.
I worked on the front line of personal-finance best buys for over eight years at one of the world’s largest research companies, Nielsen. I reported daily on the developments of the 2008 financial crisis and beyond, keeping up with the changing financial landscape and providing insights to all the major banks in the UK. I know the key players in the market and the tactics behind how they behave. All of which I will apply to highlight the best deals and give honest reviews to help you in your search.
This card carries a high price tag and still has charges that you may wish to avoid.
The American Express Preferred Rewards Gold Credit Card is a high-end credit card. It offers beyond what standard credit cards have in the form of reward points, travel perks and access to high credit limits, but all of that comes at a price. With no introductory interest-free periods and carrying a non-sterling transaction fee, the card falls down when you compare it with even some basic travel credit cards on the market, but these are not reasons why you would not take out a card like this; in the world of high-end credit cards it stands out in terms of how much cardmembers can actually benefit from the card.
In order to be eligible to apply for the American Express Preferred Rewards Gold Credit Card you need to have no history of bad debt and a good/excellent credit score. Applicants are also required to be aged 18 or over, to be UK residents and to have a UK bank or building society account.
Applications can be made through the American Express website. You will need to provide personal information, including your income and employment details, plus your bank or building society account number and sort code. The application will take around 5–10 minutes.
If you are looking for a high-end credit card that offers you a lucrative rewards programme, and are happy to pay, then the American Express Preferred Rewards Gold Credit Card could be one to consider. As long as you are happy with the cost of a £140 annual fee, then there are advantages of having a card like this. The main benefit is the ability to earn reward points on all purchases and then redeem these against a range of items, rather than having a narrow and specific voucher system which some cards have. The card definitely lends itself to big spenders, so if you plan to use your credit card lots (and make sure you are not spending beyond your means), then you could really make the most of a card like this.
The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. The Motley Fool has recommended shares in Lloyds, Tesco and Barclays.