Is Amex Gold status worth it?

Is Amex Gold status worth it?

What are the drawbacks of Amex Gold

ConsNo lounge benefits.Limited options to carry a balance.High APR for pay over time feature.High pay over time penalty APR.

Is Amex Gold hard to get

Yes, it is hard to get the American Express® Gold Card because you will need good or excellent credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.

How much income do you need for Amex Gold

American Express does not disclose a specific income requirement, but it must be enough to make payments on the card and to afford the $250 annual fee. Amex doesn't openly state any other Amex Gold card requirements, but there are plenty of other factors that Amex considers during the approval process.

Is Amex Gold better than green

The bottom line. American Express® Gold Card comes at a higher cost but offers more value to cardholders. If you want to earn more for travel purchases, or if you won't be able to maximize the American Express® Gold Card rewards, American Express® Green Card might be a better choice.

Is Amex Gold a big deal

The American Express Gold Card is considered one of the best travel rewards cards thanks to the numerous food and travel perks that appeal to big spenders who can afford its $250 annual fee. It offers generous ongoing rewards for airfare purchases and spending at restaurants and U.S. supermarkets.

Why is Amex Gold so expensive

Bianca Smith, WalletHub Credit Cards Analyst

The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees.

What is the maximum limit on Amex Gold

What is the American Express Gold Card limit The Amex Gold card has no preset spending limit, which means the spending power is determined on a month-to-month basis, depending on the cardholder's previous spending habits, income, payment history and other factors.

Does Amex Gold get you into airport lounges

No, the Amex Gold card does not offer lounge access. The Platinum Card® from American Express, on the other hand, does provide lounge access at more than 1,400 locations worldwide. Just note that the American Express Platinum card has a $695 annual fee.

Is Amex Gold higher than platinum

Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards.

What is the highest Amex Gold limit

Delta SkyMiles® Gold American Express Card

Highest reported credit limit: $50,000, according to a post on the myFICO forums. Welcome offer: Earn 40,000 bonus miles after you spend $2,000 in purchases on your new card in your first six months of account opening.

How do I get my Amex Gold fee waived

The chief military specific benefit on the Amex Gold card is the $250 annual fee waived for active duty troops, Guard and Reserve on 30+ day active duty orders, and military spouses. Other key benefits include the welcome bonus of 60,000 points after spending $4000 in the first 6 months of Card Membership.

Is Amex Gold or Platinum better

Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.

Does Amex Gold have lounge access

No, the Amex Gold card does not offer lounge access. The Platinum Card® from American Express, on the other hand, does provide lounge access at more than 1,400 locations worldwide. Just note that the American Express Platinum card has a $695 annual fee.

Which lounge is free for Amex Gold

The American Express® Gold Card doesn't offer lounge access. NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.

Does Amex Gold pay for TSA PreCheck

The application fee credit for Global Entry or TSA PreCheck is available to American Express Gold Corporate Card Members, Consumer Platinum Card® Members, Corporate Platinum Card Members, Business Platinum Card Members, Consumer Centurion® Members, Corporate Centurion® Members, Business Centurion® Members, Delta …

Does Amex Gold get you into lounges

No, the Amex Gold card does not offer lounge access. The Platinum Card® from American Express, on the other hand, does provide lounge access at more than 1,400 locations worldwide. Just note that the American Express Platinum card has a $695 annual fee.

Does Amex ever waive annual fee

Amex waives the annual fee on all of their cards, including the AMEX Platinum. Cards opened while on active duty are waived with Military Lending Act (MLA). Cards opened before active duty are waived with SCRA.

Can I downgrade Amex Gold to a no fee card

American Express cards can only be downgraded to the same type of card, based on what kind of rewards you can get and whether it requires you to pay the full balance each month or not. For Amex Gold card, the only lower-tier option is the Amex Green card.

Do I get Priority Pass with Amex Gold

You are entitled to a Priority PassTM membership and two complimentary visits annually. Coverage for up to US$150 for missed departures and connections, delays, cancellations or overbooked flights. *Terms and Conditions apply.

Does Amex Gold get you into Amex lounge

No, the Amex Gold card does not offer lounge access. The Platinum Card® from American Express, on the other hand, does provide lounge access at more than 1,400 locations worldwide. Just note that the American Express Platinum card has a $695 annual fee.