AN OVERVIEW OF THE UK AMEX GOLD CARD
Welcome to my review of the American Express Preferred Rewards Gold Card (Amex Gold Card review UK).
Let’s start of with the boring bits. The American Express Preferred Rewards Gold Card is issued directly by American Express and is a charge card, not a credit card. For those that don’t know, a charge card needs to be paid in full at the end of each month!
You can hold up to 2 charge cards and 2 credit cards which have been issued by American Express at anyone time, although this doesn’t include Amex cards which I provided by the likes BA, Lloyds, TSB or Barclays. I’d recommend checking your credit rating before applying for a new card. Generally you should have a rating in excess of 700+. Click here for a free Equifax credit report and score. It’s free for the first 30 days and then £14.95 per month afterwards (make sure you cancel in the first 30 days!).
The Amex Gold card is free for the first 12 months and £140 thereafter. Unless you are spending a significant amount on the card (say £15k+) it would make sense to cancel the American Express card once you’ve achieved the sign up bonus. You’ll then be able sign up to the card again after 6 months and receive the bonus again.
AMEX GOLD – THE SIGN UP BONUS
The American Express Preferred Rewards Gold Card offers 20,000 bonus Membership Rewards points when you spend £2,000 in your first three months.
Membership reward points can be directly converted to Avios and a number of other partners. If converted to Avios this would be enough for a return flight to Athens.
Even better, you can get a higher bonus of 22,000 miles if I refer you to the Amex Gold Card, helping you to fly even further. Just send me an email using this contact me link and I’ll happily send through a link.
This benefit is worth nearly £220 – take a look here to see what the value of an Avios Point is worth!
WHAT ARE THE OTHER BENEFITS OF THE AMEX GOLD CARD?
When you sign up to the American Express Gold card (and every year thereafter) you’ll receive 2 free airport lounge passes. These are offered by the Lounge Club network and can be used at most airports through the UK. I great perk to complement the free flights. Have a look at the No.1 Gatwick at London Gatwick North Terminal below.
Earn one Membership Rewards point for virtually every £1 spent on the card. These again can be converted to Avios, which if applied to the 22,000 sign up bonus will help you reach those further away destinations.
You’ll receive 10,000 bonus Membership Rewards points when you renew the card after a year. I personally feel that the £140 charge for the card after 12 months does not merit the rewards offered. As such it may be beneficial to cancel the card once you’ve hit the bonus limits. Then reapply after a 6 month period (the shortest time required).
Further benefits include:
- A $75 hotel credit and room upgrades where available at over 350 hotels globally.
- Travel Inconvenience Protection and Travel Accident Protection benefits when you pay with your card.
- 10% off Hertz base car rental rates, plus a one car class upgrade and additional driver fee waived.
ANYTHING ELSE I SHOULD KNOW ABOUT THE AMERICAN EXPRESS GOLD CARD?
American Express no longer has a minimum income requirement for the card.
You cannot receive the sign up bonus if you have had either a Platinum, Gold or Green Amex card in the last 6 months. This does not apply to a Platinum Cashback Card, BA Amex Card or any Amex issued by MBNA, Lloyds, Barclays.
Finally just a reminder that the American Express Preferred Rewards Gold Card is not a credit card and should be repaid in full at the end of each month.
SUMMARY – AMEX GOLD CARD REVIEW UK
The sign up bonus of 20,000 points (22,000 if referred by me) for the Amex Gold Credit Card is one of the most generous in the market at the current time. This coupled with the various other perks (2 complimentary lounge passes etc) makes it my card of choice for anyone seeking to build up points quickly. The card is free for the first 12 months with a charge of £140 after that. I’d recommend that the card is cancelled once that bonus of 22,000 has been achieved.
If you’re looking for some ideas as to how to spend the 22,000 airmiles you’ve earned from your American Express Gold Card – take a look at my recent free luxury weekend away for two.
I hope you’ve found the Amex Gold Card review useful and as always please do comment if you have any queries. Please do share this post if you think friends would be interested.
A link to the application form for the free Gold Amex Card can be found here.