How To Apply For A Charge Card
Just follow these steps to apply for your Amex Charge Card online:
Does It Make Sense To Hold An Amex Platinum And Amex Gold Card
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Editors note: This post has been updated with the latest credit card information.
When Amex announced in 2018 that it was revamping the American Express® Gold Card, it instantly became one of the top cards in terms of return on spending. With 4x Membership Rewards points on dining at restaurants, 4x points at U.S. supermarkets and 3x points on flights booked directly with the airline, you are able to rack up some serious points over the course of a year.
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Many of those who already have The Platinum Card® from American Express may be eyeing those bonus categories as a great complement to whats already their wallet.
As TPG contributor Ethan Steinberg explained here, you can pair three Amex cards to really maximize your rewards on just about every bonus category and everyday, non-bonus spending. But to specifically address the issue at hand, is it logical to hold both the Gold card and the Platinum card, especially with their serious annual fees? While that partially depends on your travel habits and spending patterns, there is one case where it can definitely make sense: if you can maximize the credits for each card.
World Of Privileges With Amex Charge Cards
Besides providing greater flexibility in spending, Amex Charge Cards come with a bouquet of features and 24-Hrs Card related assistance on any card related query.
- Assisting with locating or sourcing goods
- Assisting with personal arrangements
- Organising personal events on personal occasions
- Dining reservations
- Movie and theatre ticket bookings
- Reservations for ‘By Invitation Only’ events and much more
- Airline Benefits:From airline tickets to airport pick-ups, from car rentals to privileged check-ins and hotel reservations, call us or book through Platinum Travel Services. Enjoy exclusive rates & discounts with leading airlines like Air India and Etihad through our Airline Partner Program.
- Global Lounge Collection:As an American Express Platinum Card Member, you can enjoy lounge benefits worth INR 35,000** at 1,200+ airport lounges including the Centurion® Lounge, and the International American Express lounges, or visit one of our partners including Delta Sky Club® when flying Delta or a Priority Pass Lounge.
- Fine Hotels and Resorts:Enjoy competitive rates and complimentary offers at over 1000 extraordinary properties worldwide when you book through Platinum Travel Services
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American Express Cards And Your Credit Score
Having no negative info on your credit report helps, but if you have been denied credit cards for having too many high balances, you may still qualify for an Amex charge card .
One final note: There is some thought that no pre-set limit cards arent great for your credit report because they do not report a credit limit.
If you have no other revolving credit accounts, or many revolving accounts that are at or near their limits, having an additional charge card on your report could be harmful. I think, however, that if you have one or two other credit cards with zero or low balances, an American Express card will not hurt you.
To be ultra safe, if you plan to apply for new credit, pay off your American Express card in full and dont use it in the month before you apply for new credit.
Do you have any experiences with running into your Amex credit limit, or have you found an Amex card to be a helpful tool? Id love to hear!
There’s A Solid Welcome Bonus
The American Express® Gold Cards welcome bonus isnt exactly a showstopper the real value of this card lies in its ongoing rewards and benefits. But for those looking to rack up Membership Rewards points, it gives the cards overall value a solid boost. The current offer is as follows: Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months. Terms Apply. Assuming you can get 1 cent out of each point, it’s not the largest bonus around, but it’s potentially enough to cover your airfare on your next trip.
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Save Money Or Earn Bonus Points With Amex Offers
One of the great features of Amex cards is access to Amex Offers, which offers savings or bonus points on purchases with all kinds of retailers. Theres huge value to be had in getting as many Amex cards as possible, so that you can get these offers on multiple cards. Amex Offers could save you hundreds of dollars per year.
How Does The Amex Gold Card Compare To Other Rewards Cards
While the Amex Gold card offers one of the best rewards rates on both restaurant and U.S. supermarket purchases, its high annual fee can limit its earnings. Plus, while it comes with a few valuable credits, its dining credit has a limited scope, potentially decreasing the overall value you can get from the cards extras.
To get a sense of where the Amex Gold stands in todays marketplace, our team of researched hundreds of credit cards to rank the Amex Gold based on factors like its rewards rate, welcome bonus, annual fee and more. The card fared quite well, especially in its rewards rate, welcome bonus and annual bonus . It does charge a higher annual fee than the average rewards card, however.
Though the Amex Gold can easily pay for itself if you take advantage of its benefits, if you arent sure how many of the cards perks youll use and worry about a high annual fee coming back to bite you, there are a few other rewards cards that offer great rewards rates and charge a lower annual fee. Plus, since the cards rewards are best used for travel, it may not be the best fit if youre looking for maximum flexibility.
Consider these alternatives:
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The Card Offers Impressive Points
The American Express Gold Rewards Card packs a punch with impressive points earn rates. You earn 2 Membership Rewards points for every $1 spent at eligible gas stations, grocery stores, drug stores and eligible travel purchases . For everything else, you earn 1 Membership Reward point per $1. Plus, if you book through the American Express travel portal, you earn an additional 1 Membership Reward point for every $1 charged to the card. As a new applicant, youll also get 25,000 bonus points when you charge $1,500 to your card within the first 3 months.
Purchase And Warranty Protection
The Amex Gold Card offers some potentially valuable purchase protection, plus an extended warranty benefit. While youll want to check your cardmember agreement for all the details, you can potentially expect:
- Purchase protection, offering protection on eligible purchases that are accidentally damaged, stolen, or lost valid for up to 90 days, $10,000 per occurrence, and $50,000 per calendar year
- Extended warranty, where you can get up to one extra year added to the original manufacturers warranty, for warranties of five years or less
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Annual Credits And Bonus Perks
If youre a frequent traveler, youll find the travel credits on the Gold Card offer a much better value. The Amex Green card offers up to $100 annual credit for Clear, a private security program that allows you to skip the line if you verify your identity using biometrics and pay the membership fee. It also provides up to $100 annually in LoungeBuddy credit, which lets you buy day passes to participating airport lounges around the world.
In exchange for its hefty annual fee, the Amex Gold card provides a good number of annual credits. Each year you stand to earn up to $120 in dining credit with participating dining partners , up to $120 in Uber Cash, up to $100 in hotel credit for qualifying activities with The Hotel Collection and up to $100 activity credit on vacations costing more than $3,000 with participating travel suppliers made through Amex Travel.
Outside its annual credits, the Amex Green also offers baggage insurance, auto rental insurance, extended warranty, purchase protection and more to give you peace of mind during your travels. The Amex Gold card provides similar travel perks like travel and emergency assistance, car rental insurance, purchase protection, personalized travel service and more.
|American Express Green Card|
|Total = $200||Total = $440|
Want To Earn More Points From Credit Cards June 2022 Update
If you are looking to apply for a new credit or charge card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards.
Until 18th July 2022 there is an astonishing special offer on these cards. You get 50,000 Avios on the Avios Plus Mastercard and 10,000 Avios on the free Avios Mastercard. You can apply here.We strongly recommend getting the Avios Plus card whilst this offer is running.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
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Amex Gold 4x Points At Restaurants
With the Amex Gold Card youll earn 4x points at restaurants with no limit to how many bonus points you can earn.
Generally speaking, restaurants are defined pretty broadly, and the category includes everything from fast food to cafes to fine dining. This even includes delivery and takeout, which are increasingly popular ways to get food from restaurants in this era.
Just note that convenience stores, nightclubs, and restaurants located within other establishments wont typically qualify for bonus points.
Furthermore, eligibility for bonus points is determined based on how the merchant chooses to be categorized. Theres a chance that some merchants may not be categorized as a restaurant, even though you might consider them a restaurant.
Up To $10 Per Month In Uber Cash Credits
The newest benefit offered by the Amex Gold Card is up to $10 per month in Uber Cash credit, again up to a maximum of $120 per year. Once you add your Amex Gold Card as a payment method in your Uber account, it works just like the Uber credits on the Amex Platinum card. These Uber Cash credits can be used toward eligible US Uber rides or Uber Eats purchases
You can redeem Uber Cash toward Uber rides or Uber Eats food delivery in the US, but it won’t roll over to the next if you don’t use up the entire credit each month.
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Why Amex Charge Cards Can Still Be A Good Thing
Yes, they charge an annual fee when many credit cards dont. Yes, they arent accepted everywhere. Yes, you dont know exactly how much you can charge on them.
BUT: They are charge cards, not credit cards. Unless you explicitly ask to pay for a particular purchase over time, the balance is due each month, and you cannot incur new charges if your balance is unpaid or too high.
American Express charge cards are a great tool for people who need the convenience of a credit card but who have had trouble with credit card debt in the past. And, contrary to popular opinion, you dont need spotless credit to get approved for the basic American Express Green Card .
Learn how to check your credit report for absolutely free here.
Understanding The Fine Print
Besides knowing your rights as a credit card holder, understanding the American Express Gold Card’s perks, fees and interest rates can assist you in making an informed decision about if the card is right for you.
The table below can help you understand the fees, interest rates, rewards rates and more for the American Express Gold Card.
- Card Feature
Every dollar spent with the card earns you at least one reward point.
It’s important to consider the annual fee, APR and rewards when comparing credit cards. If you’re comparing this card to the one you already have, it’s best to look at the recent bill statements or check your credit card company’s website or app. Alternatively, you can look up information in the Consumer Financial Protection Bureau’s .
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How To Pick The Right Card For You
If a card with no preset spending limit sounds appealing to you, one of these three cards from American Express could be a good option. But the best card for you will depend on where you typically spend.
The Platinum Card® from American Express is a clear standout for people who frequently travel, dont mind paying a hefty annual fee and can take advantage of the cards premium benefits. But the annual fee and travel-focused perks mean it wont make sense for everyone, especially if your purchases align with other bonus categories. You might be better off with a more moderately priced travel card instead.
The American Express® Gold Card is especially geared toward foodies, with good rewards at restaurants and U.S. supermarkets. But the value of this card and whether it outpaces the annual fee comes down to how often you dine out and purchase flights directly through airlines or through the American Express Travel Center. Again, you might want to consider a cheaper credit card with no annual fee instead perhaps something like the Capital One® SavorOne® Cash Rewards Credit Card.
If the annual fees on the other two cards give you pause, the American Express® Green Card offers a cheaper alternative with a $150 annual fee. Its a good fit for the occasional traveler looking to rack up travel rewards for the first time. But the rewards rate is pretty mediocre, especially compared to some other rewards credit cards with a similar annual fee.
Fees And Income Requirements
The annual fee for the American Express Gold Rewards Card is $250, up $100 from $150. This does come with a $100 annual travel credit, but still costs $11 more than similar travel cards at $139 a year. The premium is justified by the hefty welcome bonus, flexible earn and redemption model for points, and a robust travel insurance offering. The card offers a free first authorized user . And there is no specified minimum income requirement to qualify, theoretically making it more accessible to a wide range of people looking for premium travel rewards.
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Alternate Rose Gold Card Art
In February 2021, American Express brought back the fan-favorite Rose Gold alternative card art for both new applicants and current cardholderspermanently. This rose gold tint was previously only available for limited times and only through referral offers. You can choose either the traditional Gold or the Rose Gold art prior to submitting your application, or you may be eligible to request the Rose Gold art if youre already an Amex Gold cardholder.
Although the Rose Gold card is the exact same card as the normal American Express Gold , this rosy finish could be a quaint benefit if the previously limited-time opportunities slipped through your fingers.
Amex Gold 4x Points At Us Supermarkets
The Amex Gold Card offers 4x points on the first $25,000 spent every calendar year at U.S. supermarkets, and after that youll earn a single point per dollar. This excludes superstores and warehouse clubs, so dont expect youll be able to earn those bonus points at Sams Club, for example.
This is one of the best credit cards for grocery store purchases.
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American Express Gold Card Overview
Its high rewards rate, valuable benefits and up to $340 in total annual credits toward eligible dining, Uber and hotel purchases make the annual fee well worth it.
Compared to Amexs premier travel cardThe Platinum Card® from American Expressand similar top-tier rewards cards, the Amex Gold card is the best option for earning rewards outside airfare and hotel stays.
Points Per $1 At Restaurants
Amex Gold has one of the highest restaurant rewards rates on the market. The 4 points per $1 that youll earn on restaurants works out to about 3.08% cash back. And theres no limit to the amount you can earn in this category. Pretty much any place youd think of as a restaurant qualifies, from fast food to fine dining, including takeout and delivery. But it ultimately depends on the establishments merchant category code. A restaurant inside a hotel or casino may not count, for example, if the merchant is classified as a hotel or casino.
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