Benefits Of The Card
Preferred Rewards Gold Card from American Express charges an annual fee of $90 for the basic card as well as a fee of $35 for each additional card. Since the fee (for the basic card and a maximum of five extra cards) is not claimed for the first year, you can make nice savings.
The Preferred Rewards Gold Card from American Express has no pre-set spending limit. This option is undoubtedly advantageous, as you will never exceed your spending limit and will have ready funds to finance your needs.
Gold Card Benefits
As a gold card member, you will receive reward points for spending with the card. You will obtain one reward point for spending one dollar on purchases using the card. The reward points can be utilized for traveling, shopping and entertainment. The best part is that there is no limit to the amount of points that can be earned. The points will also not expire.
On making your first purchase with the card, you will earn 10000 bonus points. This is similar to receiving a $100 gift card at the participating retailers and merchants. You can redeem your points for many rewards and for obtaining travel rewards on more than 21 airlines.
The cardholder is also allowed easy access to sought-after tickets for special gold card events such as exclusive shows, sporting events and/or concerts. As a member, you will mostly be allowed to get your hands on the tickets before the public sale starts.
The credit card also comes with a rewarding travel service. If you make a booking through the American Express Travel Service, you will have the convenience of getting cash credits to your account.
The security options of the card provides you the purchase protection plan, which protects your eligible purchases for 90 days from theft and accidental damage. The card has an online fraud protection guarantee.
The card comes with other services and benefits, such as auto rental insurance, various merchant discounts, travel accident insurance and purchase protection services.
Opt for the card if you can make full monthly payments. This way, you will not invite unnecessary financial charges or not be accumulating any credit card debt. However, if you plan to have revolving balances, this card will not be appropriate for you.
The Preferred Rewards Gold Card from American Express provides many Internet account related services, discounts on products and services at participating retailers and merchants, extended warranty for purchases, lost luggage insurance and identity theft assistance.
The card also offers emergency card and cash replacement, global assistance hotline, emergency check-in service, a financial statement at the end of the year, legal and medical referral services, etc.