Interesting Facts I Bet You Never Knew About American Express Gold Card Full Review

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Interesting Facts I Bet You Never Knew About American Express Gold Card Full Review

American Express Gold Card Full Review

American Express has introduced American Express Gold Card which is a premium charge card which is available at comparatively a lower annual fee than other peer charge cards while still offering cardholders the option to earn AMEX Membership Rewards, which is a high-value rewards program.

American Express Gold Card is a Charge Card

American Express Gold Card is a charge card and don’t get confused it with a simple credit card. Now you must have an idea as to what is a charge card & how is it different from a credit card?

Let’s understand – What is a Charge Card?

(1) A charge card is a card that has no ‘pre-set’ spending limit unlike any plain credit card, where your credit limit is fixed in advance. Not having a Pre-set” limit doesn’t mean that you can spend unlimited using this card, it just means that your charges are approved basis your spending pattern, financials, credit record and account history & differ from person to person.

(2) Apart from that you have to pay the bill amount every month in full & you will not be able to convert your spending into EMIs or just pay the minimum dues & carry on with the balance. It is the best option for the people who do not carry any balance to avoid interest charges.

Offers, Rewards, Cashbacks, Privileges & Discounts

Offers, Rewards, Cashbacks, Privileges & Discounts4,000 Bonus Membership Rewards Points, to be awarded on using the Card 3 times within the first 60 days of Card membership, upon payment of annual fee.

Renewal Offer

Earn 5,000 Membership Rewards Points upon First Year Card Renewal, on payment of annual membership fee. Points will be credited within 90 days of Card renewal.

Monthly Offer

Earn 1,000 Bonus Membership Rewards Points for simply using your Card 6 times on transactions of Rs. 1,000 and above every month.

Free Add-on Card Offer

Avail 2 Supplementary Gold Cards at no additional cost.

Reward Points

Earn 1 Membership Rewards Point for every Rs.50 spent except for spends at Fuel, Insurance, Utilities and Cash Transactions.

Cashback

Get 3% cash back at leading fuel stations across India exclusively with your AMEX Gold Card.

Discounts

Enjoy up to 20% off every time you dine at select restaurant partners.

Rewards Program

Get fabulous Rewards from the stunning new 18 carat and 24 carat Gold Collection, specially chosen for you

Points Rewards
24,000 24 carat Gold Collection

  • Good Earth Gift Card worth Rs. 13,000
  • MakeMyTrip Holiday Voucher
  • Statement Credit worth Rs. 10,000
  • FitBit Alta Fitness Tracker
  • Amazon Gift Card worth Rs.11,000
18,000 18 carat Gold Collection

  • Tanishq Voucher
  • WelcomHeritage Luxury Stay
  • Statement Credit worth Rs. 7,500
  • Bose Soundlink Color Bluetooth Speaker

Other Gold Services provided to American Express Gold Card holders

  • 24 X 7 Card Related Assistance
  • Dispute Resolution
  • Zero lost Card liability
  • Emergency Card Replacement

Tips to utilize Monthly Offer of earning 1000 Reward Points Every Month

You may be feeling worried that how to use your card 6 times on transactions of Rs. 1,000 and above every month & get 1,000 Bonus Membership Rewards Points. Don’t worry, here is a solution:

You can load Rs. 1000, 6 times every month in any e-wallet through Amex Gold Card such as Paytm, Amazon, Freecharge or Mobikwik to qualify for 1000 bonus points every month.

You can make use of your e-wallet for paying different bills like fuel bill, utility bill, shopping, grocery bill, etc. whenever you want throughout the month.

Additionally, if you pay your bills through e-wallet, you will get discounts or privileges offered by e-wallet providers.

Isn’t it very simple & easy way?

Fees & Charges

  • First Year fee : Rs. 1,000 plus taxes.
  • Second Year onwards fee : Rs.4,500 plus taxes.

Fees & Charges

  • First Year fee : Rs. 1,000 plus taxes.
  • Second Year onwards fee : Rs.4,500 plus taxes.

As Amex Gold Card offers 4000 bonus reward points for using card 3 times within 60 days of approval; your first year fee gets recovered.

You will be eligible for more 5000 membership rewards points upon First Year Card Renewal, on payment of annual membership fee & you can further earn 1,000 Bonus Membership Rewards Points for simply using your Card 6 times on transactions of Rs. 1,000 and above every month. In this way, your Renewal Fee also gets recovered.

Limitations of American Express Gold Card

  • Higher fee structure, when compared to other credit cards, but it provides option through which you can get the fees reversed as explained above
  • Card holder is required to pay balance in full each month

Our Remarks – Is American Express Gold Card a Charge Card Worth getting?

American Express Gold Card is a card worth getting because of the following reasons:

  • One of the most important aspects of the American Express Gold Card is that being a Charge Card, it has no preset spending limit. Good for individuals with high spending needs
  • American Express is famous for providing best customer service
  • It has a protection against fraud transactions
  • Bonus rewards points are huge at present
  • Regular benefits and fantastic reward points

Our Remarks – Is American Express Gold Card a Charge Card Worth getting?

American Express Gold Card is a card worth getting because of the following reasons:

  • One of the most important aspects of the American Express Gold Card is that being a Charge Card, it has no preset spending limit. Good for individuals with high spending needs
  • American Express is famous for providing best customer service
  • It has a protection against fraud transactions
  • Bonus rewards points are huge at present
  • Regular benefits and fantastic reward points

The only point that needs your attention that you are expected to pay off billing amount on the card at the end of each billing cycle, failing which there will be heavy penalties & late fees on the American Express Gold Card is significantly high i.e. around 36% per annum. So think twice before getting this card, if you are unable to pay your balance off completely each month.

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