Terms apply to American Express benefits and offers. meeting americanexpress.com to learn more.
If you’re in the market for a new credit card that offers perks like high rewards on food and grocery shopping, a generous welcome bonus for food and ride-sharing services, and statement credits, look no further. American Express® Gold Card,
New cardholders can earn an attractive welcome bonus of 60,000 Membership Rewards® points after spending $4,000 within the first six months of card membership. and with American Express Gold CardYou’ll earn 4X points for meals at restaurants around the world – as well as for takeout and on delivery within the US – and for purchases at US supermarkets (up to $25,000 per calendar year), booked directly with or through an airline 3X points for flights taken. amextravel.com, and 1X points for all other eligible purchases.
Points earned from the card can then be redeemed in many ways or for flights, hotels and other travel activities through amextravel.com or by transferring them to any Amex Travel Partners, Delta, British Airways, Virgin Atlantic, Hilton, Marriott and Choice Hotels, among others. It’s also worth keeping an eye on transfer bonusWhich can take your point even further.
american express secure site
4X Membership Rewards® points at restaurants (plus takeout and delivery in the US) and at US supermarkets (up to $25,000 per calendar year in purchases, then 1X), on flights booked directly with airlines or at amextravel.com, 1X 3X points on all other purchases
Earn 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases within the first 6 months of card membership
balance transfer fee
foreign transaction fee
American Express Gold Card 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 roughly equals the card’s $250 annual fee (View Rates & Fees) Upon enrollment, cardholders can receive up to $120 in food credits (up to $10 in statement credits each month) when you use your card at GrubHub, Wine.com, Goldbelly, The Cheesecake Factory, Milk Bar and certain Shake Shack locations. to dine with. , Once the card is added to your Uber account, you automatically receive $120 Uber Cash per year ($10 per month), which you can use for rides or meals through Uber Eats.
You have access to American Express travel and security benefits such as hotel collection, luggage insurance and car rental loss and damage coverage, no foreign transaction fees for using the card abroad, 24/7 emergency assistance, special Amex offers and exclusive music and experience in sporting events and seating.
Amex is known for its luxury travel rewards credit card – $695 annual fee Platinum Card® from American Express ,View Rates & Fees) and $250 annual fee American Express® Gold Card And while they each offer a ton of travel benefits, they also require a steep annual fee and generally require applicants to have a good credit score or higher.
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While American Express does not promote a minimum credit score for the Amex Gold Card, applicants generally have a good credit score 670 or higher is more likely to qualify. FICO Score With a higher score ranging from 300 to 850, a borrower is more likely to be able to pay off his balance on time.
FICO Score Range:
- very poor: 300 to 579
- Neutral: 580 to 669
- Good: 670 to 739
- Very good: 740 to 799
- excellent: 800 to 850
However, keep in mind that not all applicants with a credit score of 670 or higher will necessarily take the deduction – other factors, such as the five FICOs listed below use to determine your credit score, will also be considered by credit. . card issuer.
- Payment History (35%) — If you made your last payment on time
- Amount outstanding (30%) – Your credit utilization ratio, or the ratio of the amount of credit you are using to the amount extended and outstanding on your accounts
- Length of credit history (15%) – the amount of time you have credited
- 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’s also worth noting that American Express offers a pre-qualification service So you can see if you’re eligible for the card before you actually apply – and no, it doesn’t hurt your credit score.
if you don’t have a good credit scoreFocus on improving this by making your payments on time and in full, using your extended credit as little as possible, and limiting the number of credit applications you put in.
sign up for Experian BoostWhich calculates your credit score to calculate on-time payments for certain subscription services and utilities can also help it fetch some points.
at Experian’s secure site
Increase in average credit score
13 points, although results vary
credit report affected
Credit scoring model used
While credit card issuers rely heavily on credit scores to evaluate applicants, they also consider other factors, such as your annual income, how long you have had a credit history and how much credit you currently have. There are cards. For example, if you have a good credit score but have only had a credit history for a few months, the issuer may reject you because you do not have enough credit history to indicate your creditworthiness.
American Express also sets limits on how many of its consumer and business cards you can have. Individuals are limited to only five total consumer credit cards, so if you already have five American Express credit cards, it is possible that you may be automatically declined.
If, for any reason, you are rejected for the Amex Gold Card, the card issuer and the bank are required by federal law Applicants to explain why exactly within 60 days. It may also be worth appealing the decision by calling American Express directly — indicating your loyalty to the credit card issuer or your history of making timely payments on your lines of credit can help your chances.
American Express Gold Card The card is a great option for consumers who are big spenders when eating and shopping at grocery stores, especially those who will take full advantage of the included meals and Uber credits. To qualify for this $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 take the deduction, note that Amex has a limit on the number of cards consumers can have and is required by law to provide a reason for your rejection within 60 days.
For rates and fees for the American Express® Gold Card, click Here,
For rates and fees for the Platinum Card® from American Express, click Here,
Editorial Note: The opinions, analysis, reviews or recommendations expressed in this article are those of select editorial staff alone, and have not been reviewed, approved or otherwise endorsed by any third party.