If you’re looking for a new credit card that offers perks like higher rewards for meals and groceries, a generous welcome bonus, and credits for dining and ride sharing services, look no further than American Express® Gold. Card.
New cardholders can earn a lucrative welcome bonus of 60,000 Membership Rewards® points after spending $ 4,000 within the first six months of signing up for the card. And with the American Express Gold Card, you’ll earn 4 times points for dining at restaurants around the world, as well as for takeout and home delivery in the US, and for shopping in US supermarkets (up to $ 25,000 per calendar year) , 3x points for flights booked directly with the airline or through amextravel.com, and 1X points for all other eligible purchases.
Points earned with the card can then be redeemed in various ways either for flights, hotels and other travel activities via amextravel.com or by transferring them to any of Amex’s travel partners, including Delta, British Airways, Virgin Atlantic, Hilton , Marriott and Choice Hotels, among others. Transfer bonuses are also worth keeping an eye on, which can stretch your points even further.
American Express® Gold Card
4X Membership Rewards® points in restaurants (plus takeout and home delivery in the US) and US supermarkets (up to $ 25,000 per calendar year in purchases, so 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases
Earn 60,000 Membership Rewards® points after spending $ 4,000 on qualifying purchases within the first 6 months of card enrollment
Balance Transfer Fee
Foreign transaction fee
The American Express Gold Card is also a good option for those who can take full advantage of the credits included in the meal and ride sharing statement – the combined value of both credits is $ 240, which is almost as much as the fee. $ 250 annual card (see Fees and Fees). Upon enrollment, cardholders can receive up to $ 120 in dining credits (up to $ 10 in credit on your statement each month) when using the card to dine with GrubHub, Wine.com, Goldbelly , The Cheesecake Factory, Milk Bar and some Shake Shack venues. Once the card is added to your Uber account, you automatically receive up to $ 120 Uber Cash per year ($ 10 per month), which you can use for rides or meals through Uber Eats.
You’ll also have access to American Express travel and protection benefits such as The Hotel Collection, baggage insurance and car rental damage and loss coverage, no foreign transaction fees for using your card overseas, 24-hour emergency assistance 24, 7 days a week, special Amex offers and exclusive experiences and sessions at concerts and sporting events.
Amex is known for its luxury travel reward credit cards: American Express’s $ 695 Annual Platinum Card® (see Fees and Fees) and the $ 250 Annual Fee American Express® Gold Card to name a few – and While each offers a ton of travel benefits, they also require a high annual fee and generally require applicants to have a good credit score or higher.
Below, Select takes a look at the credit score you’ll need to qualify for the American Express Gold Card, one of the best travel reward cards on the market.
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What credit do you need for the Amex Gold card?
Although American Express does not publish a minimum credit score for the Amex Gold card, applicants with a good credit score of 670 or higher is more likely to qualify. FICO scores range from 300 to 850, with higher scores indicating a greater likelihood that a borrower will be able to pay off their balance on time.
FICO scoring ranges:
- Very poor: from 300 to 579
- Fair: 580 to 669
- Good: 670 to 739
- Very good: 740 to 799
- Excellent: 800 to 850
Keep in mind, however, that all applicants with a credit score of 670 or higher will not necessarily make the cut – other factors, such as the five listed below that FICO uses to determine your credit score, will also be taken into account by the credit card issuer.
- Payment history (35%) – If you made your previous payments on time
- Amounts due (30%) – Your credit usage ratio, or the ratio of the credit amount you are using to the amount that has been extended and owed on your accounts
- Credit history length (15%) – The amount of time you have had credit
- New credit (10%) – How often you open new accounts
- Credit mix (10%) – If you have several types of credit, such as installment loans or revolving lines of credit
It’s also worth noting that American Express offers a pre-qualification service so you can see if you’re eligible for the card before actually applying – and no, it doesn’t hurt your credit score.
If you don’t have a good credit score, focus on improving by making payments on time and in full, using as little of your extended credit as possible, and limiting the number of credit requests you submit.
Signing up for Experian Boost, which counts on-time payments for certain subscription services and credit score utilities, could also help you earn some points.
Experian Boost ™
On Experian’s secure site
Average credit score increase
13 points, although the results vary
Credit report concerned
Credit scoring model used
Because you may be rejected when you apply for this card
Although credit card issuers rely heavily on credit scores to evaluate applicants, they also consider other factors, such as your annual income, how long you have had a credit history, and how many credit cards you currently have. For example, if you have a good credit score but have only a few months of credit history, the issuer may end up rejecting you because you don’t have a long enough credit history to indicate your creditworthiness.
American Express has also set limits when it comes to how many business cards and consumers you can have. Individuals are limited to just five consumer credit cards in total, so it’s possible you may be automatically declined if you already have five American Express credit cards.
If, for any reason, you are rejected for the Amex Gold Card, card issuers and banks are required by federal law to let applicants know exactly why within 60 days. It may also be worth challenging the decision by calling American Express directly, pointing out your loyalty to the credit card issuer or your history of timely payments on your credit lines can help your chances.
The The American Express Gold Card is a great option for consumers who tend to spend a lot when dining out and grocery shopping, especially those who will take full advantage of its included restaurants and Uber credits. To qualify for this $ 250 annual fee card, one of the best travel reward credit cards available, you should have a credit score of at least 670.
If you apply but do not make the cut, please note that Amex has limits on the number of cards consumers can have and is required by law to explain the reason for your refusal within 60 days.
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For American Express® Gold Card fees and fees, click here.
For American Express Platinum Card® Fees and Fees, click here.
Editorial note: Opinions, analyzes, reviews or recommendations expressed in this article are those of Select’s editors only and have not been reviewed, endorsed or otherwise endorsed by any third party.