Rewards:

Use your rewards by logging into the Membership Rewards portal or through your credit card account, depending on how you want to use your points.

Book travel: 0.5 cents to 1 cent, depending on type of travel and destination

Redeem for gift cards: Up to 1 cent 

Pay with points at checkout: 0.5 cents to 1 cent, depending on retailer

Cover your card charges with a statement credit: 0.6 cents 

Shop the Amex shopping portal: 0.5 cents

Another option is to transfer your points to one of 22 airline or hotel rewards travel partners. In general, you can transfer points to their rewards programs in 1,000-point increments. You’ll also pay an “excise tax offset fee” of 0.06 cents per point, up to a maximum of $99 per transfer (that’s the first 165,000 points you transfer).


Costs:

Annual fee

$250

REGULAR APR (%)

N/A - See Rates & Fees

Intro Purchase APR:

None

Balance transfer fee

$0

Foreign transaction fee

0%


Application:

See If You're Pre-Qualified

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View Your Credit Score

Use Bank of America® Cash Rewards Credit Card to monitor your credit score and more. Learn about CreditWise.


Details

How to Get the Most Out Of This Card

Make sure you spend at least $4,000 on this card within the first three months so you earn the 35,000-point welcome offer—this is simply too good to pass up. After that, take a few minutes to enroll in the benefit programs that require sign-ups (more on those below), because taking advantage of those almost make up for the annual fee.

Finally, keep the card in your wallet and use it when you’re at the supermarket or dining out, since this is how you’ll earn the most points. 

American Express Gold Card’s Excellent Perks

$100 annual airline fee reimbursement: Enroll in this benefit to get reimbursed for airline fees on the carrier of your choice. You can get up to $100 back in statement credits each year when you use the card to pay fees for checked bags, in-flight drinks and meals, and in-flight internet (but not for the cost of a ticket or seat upgrades), on your chosen airline. 

Coverage for lost luggage: This plan will reimburse you for up to $1,250 per person on your reservation and $250 for “high-risk equipment” like cameras or sporting equipment. 

Travel accident insurance: If you, your spouse, or your children become permanently disabled or die on a trip paid for with this card, you or your beneficiaries can receive up to $250,000 as compensation.


Customer Experience

American Express consistently gets good marks for its customer service. In fact, according to a 2019 J.D. Power report, it ranked second only to Discover in terms of customer satisfaction. It scored 838 (out of 1,000), well above the industry average of 806.

The company provides 24/7 customer support via phone and chat. Aside from that, you can manage your account through the American Express app, which can also show you any special perks or benefits available near your current location.

Security Features

American Express offers basic, industry-standard security features. Amex also offers a free credit monitoring service called MyCredit Guide, which is available to anyone, even non-cardholders. It provides a VantageScore 3.0 credit score and other credit watching tools. Cardholders can also check their FICO Score 8 through their account page online or via the app.

American Express Gold Card Review

From good To exceptional ( Credit Recommended Good )

American Express Gold Card Review

With its bonus points coming from purchases at restaurants, grocery stores, and for travel, this is a rewards card meant for people who like to eat and roam. That’s because cardholders are well-advised to spend the points they earn by eating on a wide array of travel: airfare, cruises, hotels, and lots of other travel experiences. These generally have the best redemption value. The Gold Card offers plenty of travel perks, too.

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pros and cons

No foreign transaction fee

Lots of travel credits and perks

Lots of rewards redemption options

Very high rewards earnings rate on food and airfare purchases

High annual fee

Limited financing options

Narrow rewards categories

Cost

Annual Fee

$250

Purchase APR

None

Foreign Transaction Fee

Cash Back

None

Credit Score

Good

Cash Back Credit Cards For Groceries

If you hit the supermarket all the time, then you might want to look into getting a credit card that rewards you for getting groceries. Here’s our take on the best credit cards for cash back on groceries.

Cash Back Credit Cards For Student

While it can be difficult to get approved for a new credit card with a limited credit history, there are several major banks that offer credit cards designed specifically for college students. Students can get great cash back by using these cards.

Cash Back Credit Cards For Dining at Restaurants

If you’re always going out to eat or ordering in, how does saving 4% on all that spending sound? Just don’t fight over who gets to pay the bill.These cards are your best options for cash back on dining at restaurants.

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Sunoco Credit Card
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Blue Cash Preferred® Card from American Express
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Wells Fargo Propel American Express® card