American Express Preferred Rewards Gold Card
American Express
Annual fee
£195
Rewards rate
3%-1%
Welcome Bonus
20,000 Membership Rewards points
Apply Now →on American Express's website
Regular APR:85.8% variable
- 3%Points on travel and dining
- 1%Points on all other purchases
Welcome Bonus:
Earn 20,000 Membership Rewards points when you spend £3,000 in the first three months.
Reward Rate:
You get 1 Membership Rewards point for every £1 you spend.
APR:
85.8% variable
What sets the American Express Preferred Rewards Gold Card apart is its generous welcome bonus and the flexibility of Membership Rewards points, making it a strong contender for those who value travel rewards.
Pros:
- First year free
- Flexible rewards
Cons:
- High annual fee after first year
- Limited bonus points on lower spending
The American Express Preferred Rewards Gold Card is well-suited for frequent travelers and those who prioritize earning flexible rewards through Membership Rewards points. However, its £195 annual fee may not be justified for casual cardholders or those who do not frequently utilize travel-related benefits.