What do you think of when you hear American Express Gold? No pre-set spending limit? High annual fees? Prestige? Perks? Big late fees? Actually all of the above can be associated this card.
Sometimes it can also mean the best seats in the house or roadside assistance.
American Express Gold members share that it seems like the benefits just keep getting better and better each year as American Express continues to try to be the "gold" standard in credit cards.
American Express Customer Service 1-800-528-4800 americanexpress.
com The Ups and Downs, Ins and Outs 1) No Pre-Set Spending Limit Obviously this could be a double edged sword if you are not careful but the benefit is there none the less to say "yes" and with a very few limitations you can charge what you want.
Remember that at American Express the full balance is due each month and sure there are some limitations and restrictions.
What is I can't/don't pay off the balance each month? If you choose to carry a balance, the interest rate is 17 to 19%.
2) Travel Benefits Roadside emergency assistance, rental insurance, baggage insurance and other privileges like check cashing all come with your membership.
If you travel a lot, then these benefits can really be worthwhile and you'll save on purchasing them individually.
3) Purchase Protection This credit card offers insurance on new purchases as well as extended warranty benefits.
4) Rewards Like many other credit cards, AE Gold offers rewards through accumulated points based on spending.
The rewards points can be used for travel and entertainment packages and more.
5) Premium Entertainment Perks Gold does seem to have its' privileges here.
Members can often get premium seats at sporting events, concerts and other venues and there are sometimes discounts available for members too.
Annual Fees? There are four options available including the Rewards Plus Gold American Express and the Preferred Rewards Gold American Express.
They both have a hefty annual fee attached that occasionally can be waived for the first year through special promotions.
The Rewards Plus Gold has a $150.
00 annual fee.
The Preferred Rewards Gold has a $130.
00 annual fee.
American Express also offers a Senior Card just for senior citizens that have just a $35.
00 annual fee.
Apparently it does pay to be a senior.
If you are have investments with Fidelity, then there is also an American Express Fidelity Gold card available for Fidelity customers.
This is a joint venture between Fidelity investments and American Express and there is no annual fee as long as you maintain the Fidelity investments accounts.
What do American Express Gold Card Members have to say? -The benefits are great.
-This card offers more flexibility with their rewards.
For example points can be transferred to frequent flyer, hotel or airline points.
-Customer service is really good.
-They also say, never make a payment late.
It will cost up $30.
00 or more.
Members and this reviewer also remark that if you take advantage of the benefits, perks and rewards then this gold card is the one to have.
If you're not going to, then the annual fee and slightly higher interest rates can make a Visa or Master Card a better deal.