Over $150,000,000 of debt paid off, and counting...

Join other Bright customers who are paying off thousands of dollars of debt.

done

American Express® Gold Card

Credit needed
Good
APR
$0
Annual Fee
$250

Card Summary

Individuals with excellent or good credit are eligible for the American Express Gold Card.

This card's rewards program offers 4 points per $1 at U.S. restaurants, including take-out delivery and four points for every $25,000 spent at U.S. grocery stores (then 1 point per $ thereafter), 3 points per dollar for flights that are booked through amextravel.com or directly with the airline and 1 point for any other eligible purchases.

There is a $250 annual charge. The card may be an excellent choice for people with great credit and who are looking to redeem points for travel, dining, grocery or restaurant purchases. It might not work for consumers who are hesitant about paying fees or want to start at 0%.

Card Summary - Cons

Rates and fees

Issuer Name
American Express
Penalty APR
Check out Rates and Fees
Credit Needed
Good
Balance Transfer Fee
N/A
Annual Fee
$250
Cash Advance Fee
You can choose to pay $10 or 5%, depending on the cash advance amount.
APR
$0
Foreign Transaction Fee
None
Bright-Money-logo

Here’s a smart way to pay off

American Express

The Best Features

You will receive a welcome bonus of 60,000 points when you purchase eligible items with the American Express Gold Card for at least $4,000 within your first six months.

Benefits for travel: Cardholders of the American Express Gold Card receive valuable benefits such as baggage insurance, rental car loss and damage insurance, and zero foreign transaction fees.

Rewards

Sign up bonus

APR Requirements

Drawbacks

Annual Fee: This card has a $250 fee.

There is no introductory APR. The American Express Gold Card doesn't offer a 0% rate of interest (See Rates and Fees).

The cardholders can carry an account with interest for eligible charges up to $100.

Highlights

Rose Gold will be around for a while. You have the option to choose from a Gold or Rose Gold card for your Card Member.

After spending $4,000 with eligible purchases using your Card, you will earn 60,000 Membership Rewards® Points. You can earn up to 2X Membership Rewards® points in restaurants, takeout, delivery and 4X membership rewards® at U.S. supermarkets.

Book direct with the airline or via amextravel.com to earn 3X Membership Rewards® points $120 Uber Cash On Gold.

Add your Uber Gold Card to an Uber account to automatically receive $10 each month in Uber Cash to Uber Eats orders and Uber rides within the U.S.$120.

Dining Credit: Get up to $10 per month in statement credits when you use the Gold Card at Grub hub and Seamless as well as The Cheesecake Factory, Ruth's Chris Steak Houses, Boxed and other Shake Shack restaurants.

You could save up to $120 annually. Enrollment required. No Foreign Transaction Fees. The annual fee is $250

Benefits

Comparative Analysis with Other Cards

American Express Gold Card and Chase Sapphire Preferred Card

Annual fee: American Express Gold Card charges a $250 fee. Annual fee for Chase Sapphire Preferred Card: $95.

Reward: You can earn four points per $1 at U.S. restaurants and four points per $ at U.S. grocery stores on purchases up to $25,000 per year (then you get one point per every dollar after that), three points for flights booked through amextravel.com or directly with the airline, as well as one point for any other eligible purchases. Chase Sapphire Preferred Card gives you five points per $1 on Lyft (valid until March 2022), three points for dining out at restaurants, two points for travel, and one point on any other purchase.

Sign-up bonus: American Express Gold Card welcome bonus: Earn 60,000 points after spending $4,000 within 6 months on eligible purchases.
Chase Sapphire Preferred Card: Earn 60,000 bonus points if you spend $4,000 within the first three months of account opening.

American Express Gold Card Holders Get benefits: purchase protection, vehicle rental loss and damage insurance and baggage insurance. They also have access to a global assistance hotline, tickets through American Express Experiences, and preferred seating.

Cardholders of the Chase Sapphire Preferred Card receive no foreign transaction fees and extended warranty coverage. They also get travel insurance, rental car damage waiver, purchase protection, and purchase protection.

American Express Gold Card Vs. American Express Platinum Card

Annual Fee: American Express Gold Card Holders Pay a $250 Annual Fee. American Express Platinum Card holders pay $695 annually.

Reward Program: The American Express Gold Card offers four points per $1 at U.S. restaurants and four points for U.S. grocery stores on purchases up to $25,000 per year (then 1 point per $ thereafter), three points for every dollar on all flight bookings made directly through an airline, amextravel.com, or one point for any other eligible purchases.

American Express Platinum Card earns 5 points per dollar on purchases made directly through airlines, with American Express Travel and up to $500,000 in annual purchases. AmexTravel.com offers five points for bookings of prepaid hotels. All other purchases are 1 point.

You'll receive 60,000 bonus points for every $4,000 you spend on eligible purchases using your American Express Gold Card Card after the initial 6 months. After you have spent $6,000 in the first six months, you will receive a 100,000 point introductory bonus with American Express Platinum Card.

You will also be able to earn 10 points for eligible purchases at international restaurants and Shop Small in America. This bonus is available during the first six months of your Card Membership.

American Express Gold Card Holders get benefits: purchase protection, vehicle rental loss and damage insurance and baggage insurance. They also have access to a global assistance hotline and tickets via American Express Experiences or Preferred Seating.

American Express Platinum Card offers protections such as purchase protection and return protection. It also includes concierge services and a hotline for assistance.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Bright-Money-logo

No late fees. Reduced interest charges. Pay off

American Express