Terms apply to American Express benefits and offers. visit americanexpress.com To learn more.
If you’re in the market for a new credit card that offers perks like higher rewards on dining and grocery shopping, a generous welcome bonus and statement credits for dining and ride-sharing services, look no further. The American Express® Gold Card.
New cardholders can earn a lucrative welcome bonus of 60,000 Membership Rewards points after spending $4,000 within the first six months of card membership. and with The American Express Gold CardYou’ll earn 4x points for dining at restaurants worldwide – as well as when dining out and delivery within the US – and for shopping in US supermarkets (up to $25,000 per calendar year), and 3x points for flights booked directly with airline or via amextravel.com and 1X points for all other eligible purchases.
Points earned with the card can then be Redeemed in many ways or for flights, hotels and other travel activities via amextravel.com or by transfer to any of them Amex Travel Partners, including Delta, British Airways, Virgin Atlantic, Hilton, Marriott, Choice Hotels, and more. It is also worth paying attention to Transfer Rewardswhich can increase your score.
On the secure American Express website
4x Membership Rewards® points at restaurants (plus dining out and US delivery) and US supermarkets (up to $25,000 each calendar year in purchases, then 1X), and 3x points on booked flights Direct with airlines or on amextravel.com, 1X points on all other purchases
Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases during the first six months of card membership
Balance Transfer Fee
Foreign Transaction Fee
The The American Express Gold Card It’s also a good option for those who can take full advantage of the included dining and ride-sharing statement credits—the combined value of both credits is $240, which is roughly the card’s $250 annual fee (See prices and fees). At sign up, cardholders can get up to $120 in food credits (up to $10 in statement balances each month) when you use your card for dinner with GrubHub, Wine.com, Goldbelly, The Cheesecake Factory, Milk Bar and some Shake Shack Sites. Once you add the card to your Uber account, you’ll automatically get up to $120 in Uber Cash per year ($10 per month), which you can use on rides or dining with Uber Eats.
You’ll also have access to American Express travel and protection benefits, such as The Hotel Collection, baggage insurance, loss and rental car coverage, no foreign transaction fees for using the card abroad, 24/7 emergency assistance, and Amex specials and exclusive. Experiences and seating at concerts and sporting events.
Amex is best known for its luxury travel rewards credit cards – $695 annual fee Platinum® Card from American Express (See prices and fees) and annual fee of $250 The American Express® Gold Card To name a few – and while all of them offer plenty of travel benefits, they also require hefty annual fees and generally require applicants to have a good credit score or higher.
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While American Express does not publish the minimum credit score for an Amex Gold card, in general, applicants with good credit score Those 670 and older are more likely to qualify. FICO . scores Ranging from 300 to 850, higher scores indicate a greater likelihood that the borrower will be able to pay off their balance on time.
FICO score ranges:
- so poor: 300 to 579
- Exhibition: 580 to 669
- Good: 670 to 739
- very well: 740 to 799
- excellent: 800 to 850
However, keep in mind that all applicants with a credit score of 670 or higher will not necessarily make the cuts – other factors, such as the five factors listed below that FICO uses to determine your credit score, will also be taken into account by the credit card issuer.
- Payment date (35%) – If you made your previous payments on time
- Amounts due (30%) Your credit utilization ratio, or the ratio of the amount of credit you use to the amount that has been extended and owed on your accounts
- Length of credit history (15%) – The amount of time you got credit
- New credit (10%) How often do you open new accounts?
- credit mix (10%) Whether you have different types of credit, such as installment loans or revolving lines of credit
It is also worth noting that American Express offers a Pre-qualification service So you can find out if you qualify for the card before you actually apply — and no, it doesn’t hurt your credit score.
If you do not have good credit scoreFocus on improving it by making your payments on time and in full, using as little extended credit as possible, and limiting the number of credit applications you place.
registration in trial batchwhich calculates on-time payments for certain subscription services and utilities in order to calculate your credit score, can also help raise it a few points.
On the Experian secure site
Increase average credit score
13 points, although the results are different
Credit report affected
Credit scoring form used
While credit card issuers rely heavily on credit scores to evaluate applicants, they also take into account other factors, such as your annual income, how long you have had a credit history and the number of credit cards you currently have. For example, if you have a good credit score but have only had a credit history for a few months, the issuer may end up rejecting you because you don’t have a credit history long enough to indicate your creditworthiness.
American Express has also set limits when it comes to the number of consumer and business cards you are allowed to have. Individuals are limited to only five consumer credit cards, so it is possible that you will be automatically declined if you already have five American Express credit cards.
If for any reason you are refused an Amex Gold Card, card issuers and banks will be refused Required by federal law To allow applicants to know the exact reason within 60 days. It may also be helpful to appeal the decision by contacting American Express directly – indicating your loyalty to the credit card issuer or your history of making timely payments on your credit lines may help your chances.
The The American Express Gold Card The card is a great option for consumers who tend to be more spenders when dining out and shopping for groceries, especially those who will take full advantage of the included meals and Uber credits. To qualify for the $250 annual fee card, one of the best travel rewards credit cards available, you must have a credit score of at least 670.
If you apply but don’t cut, note that Amex has a limitation on the number of cards consumers are allowed to have and is required by law to explain why you were refused within 60 days.
For American Express® Gold Card rates and fees, click over here.
For American Express Platinum Card® rates and fees, click over here.
Editorial note: The opinions, analyses, reviews or recommendations contained in this article are those of the editorial board alone, and have not been reviewed, approved or otherwise endorsed by any third party.