- $125 annual fee waived for the first year
- 10,000 bonus points after first purchase
- Redeem points for gift certificates or travel rewards
If you would like to earn rewards with your credit card but prefer not to carry a balance from month to month, the American Express Preferred Rewards Gold card can meet your needs. With this card, you will have access to the renowned American Express Membership Rewards program for no additional fee. In this post, we will explain the basics of the American Express Preferred Rewards Gold Card and what makes it unique.
Membership Rewards Program
When you sign up for the American Express Preferred Rewards Gold card, you will have access to the Membership Rewards program for no additional fee. Through this program, you will earn one point for every dollar you spend on general purchases. You will also receive 10,000 bonus points automatically after you make your first purchase. You can redeem these points for a $100 gift card at participating merchants and retailers. You can redeem your points for a variety of rewards, including free airline travel on over 21 airlines. There is no limit on the amount of points you can earn, and your points never expire.
The American Express Preferred Rewards Gold card does come with a $125 annual fee, but this fee is waived for the first year you are a cardholder. For additional cards, there is a $35 annual fee. As a cardholder, you will enjoy benefits such as travel accident insurance, purchase protection services, auto rental insurance, and discounts at participating merchants. The card also gives you access to Gold Card Events, meaning you will have exclusive access to tickets for certain concerts, sporting events, shows, and more.