If you love dining out and traveling, an American Express Preferred Rewards Gold Credit Card is going to reward you for it. This is one of the most popular American Express credit cards and it’s designed for people who live the high life.
You earn a ton of bonus reward points for travel and dining. So if you want something better than your normal run-of-the-mill business credit cards, check this puppy out. However, you do need a pretty good credit standing in order to get in on the deals.
This card has a whole lot of rewards for the cardholder that we will be talking about. And if you fit the profile of the kind of customer they prefer, then you can follow our application process outlined below to apply for the card.
Benefits of an American Express Preferred Rewards Gold Credit Card
This card has a whole lot of benefits for its members which include the following.
Membership points
You will be rewarded with their customer loyalty program that gives you points whenever you spend the card for everyday purchases.
Welcome bonus
When you first get the cad, you will be rewarded with 20,000 points after spending £3,000 for the first 3 months after receiving the card. This is almost enough for a £100 Amazon gift card.
You can also choose to use the points to fly from London to one of their more than 100 destinations, although this offer is only valid till 29 June 2020.
Other membership rewards
- You earn one point for each £1 on all purchases spent on the card.
- Earn two points per £1 spent with airlines in foreign currency.
- Get three points per £1 spent at all American Express Travel if you are a member
Anniversary bonus
You shall celebrate your anniversary with the company with 10,000 reward points each year. However, this is after spending £15,000 in the last 12 months since your last card anniversary.
How To Redeem American Express Preferred Rewards Points
Unlike other credit card products, the American Express Preferred Rewards Gold Credit card’s royalty points never expire, and you can use them to offset all sorts of purchases such as shopping, entertainment, travel, etc.
Travel rewards
Airport Lounge Access
You can safely escape all of the annoying crowds when checking in by gaining access to two complimentary lounges each year, and you get to choose from more than 700 lounges that are eligible for this throughout the world.
Credit card charges
The following charges apply to this card.
- The card’s APR is between 14.24% and 22.24%. This is based on your creditworthiness. The better your credit, the lower the APR.
- Penalty APR – you shall be charged an APR of 29.24% if you are late with 2 or more payments in 12 months.
- Annual Membership fee – this costs $295 per year.
- Foreign transaction fee – there are no charges for foreign transactions.
- Penalty fees – They charge $39 or 2.99% whichever one is higher, for any past due installments.
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How to apply for the American Express Preferred Rewards Gold Credit Card
So, applying for the card simply requires you to log onto the company website, but before you do that, it is good to check the requirements on whether or not you qualify for the card or not. The eligibility requirements are as follows.
- You must be 18 years and over.
- Have a current UK bank account or an account in a building society.
- Must have a permanent UK home address.
- Should not have any history of bad debts.
- Read and understand the terms and conditions
- Have a credit score of at least 670.
When you log on to the company website and choose the card you wish to apply, you shall be transferred to the application form, where you shall be required to fill in the following details for the card application.
Personal Information – fill in the details of your name, date of birth, nationality, residential address, and email address.
Contact details – you must include your phone number, and whether or not you have lived in your current address for the last three years.
Financial information – they shall also require to know more about your finances, such as your personal income information, your employer contact details, your employment record, and also how long you have been with your current bank or building society.
American Express Preferred Rewards Conclusion
This is certainly a luxury card for people who love the good life, and if you can afford the yearly charges, and have good credit, then you should give it a try. It’s never too early to start enjoying the finer things in life and this card can help you do it with rewards.
Contact Information
Eu -Â 0800 917 8045
Overseas:Â +44 (0)1273 696 933
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information
