Is Amex Gold a Luxury Card? (2024)

FAQs

Is Amex Gold a Luxury Card? ›

Amex is known for its luxury travel credit cards, but if travel is your top priority, the Amex Gold isn't worth it. If you're looking for perks like airport lounge access, credits for TSA PreCheck or Global Entry, annual flight credits and more, consider higher-fee cards like The Platinum Card®from American Express.

The American Express® Gold Card is considered a luxury card since it's a metal card with impressive rewards on dining, groceries, and travel. Like many high-end credit cards, the Amex Gold card requires good credit and charges a high annual fee ($325 in this case).

The American Express® Gold Card has long been a favorite of foodies, offering impressive rewards on eligible supermarket and restaurant purchases, along with some dining benefits to help cover the cost of its annual fee.

A young cardholder's lifetime value is “huge.” The issuer did its research and caught on to Gen-Z's and millennials' desire for experiences and special privileges. The Amex Gold and Platinum offer just that. And while those cards have high annual fees, the value they can offer is even higher.

The bottom line is that if you take full advantage of its benefits and use the card every time you dine out, buy groceries, or book flights, the perks of the American Express® Gold Card can be worth double the card's annual fee, or even more.

With a $325 annual fee and a list of perks that fall squarely between "mid-tier" and "premium," the Amex Gold is a TPG favorite for a reason. Welcome bonus: Currently, new applicants can receive 60,000 bonus points after spending $6,000 on purchases in the first six months of card membership.

Yes, the Amex Gold card is considered an elite card, since it's a metal card for heavy spenders, offering premium rewards on dining, groceries, and travel.

The average credit limit for members who have matched with this card or similar cards is $14,373, with $5,000 being the most common. The American Express® Gold Card does not have a traditional credit limit and was compared to similar premium cards.

The Amex Gold card is an incredible option for earning travel rewards at restaurants and U.S. supermarkets. But the annual fee and lower rewards value for non-travel options make this a poor fit if you're an occasional traveler or looking for cash back for everyday spending.

The Platinum Card^®.

Platinum shines for avid travelers, with 5X points for flights booked directly with airlines or Amex Travel on up to $500,000 a year in purchases, and 5X points on hotels booked and paid in advance through Amex Travel.

Is Amex Gold still metal? ›

The American Express^® Gold Card now comes in three metal designs: Gold, Rose Gold, and Limited Edition White Gold.

Gen Z also loves a 'good life hack'

While Amex has long been popular among the wealthy who collect travel points like no other, Gen Zers enjoy the perks of the card beyond flight and hotel points. With a more diversified set of perks, Gen Zers see the card as a way to get the most bang for their buck.

If you have an American Express card, people will know that you likely have good or excellent credit and above-average income. If you're not of retirement age, they may assume you have a good job, too. Some people might also think that you're a big spender.

American Express hasn't published a minimum income requirement for the Amex Gold Card. Income is one of several components that Amex will consider when reviewing your application for the Amex Gold, and a relatively low income may be balanced out by a strong credit score and credit history.

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.

American Express will pull your credit when you apply. And since it features some pretty decent benefits, the American Express® Gold Card requirements for approval tend to be a little stricter. We recommend that you have a good to excellent credit score, which ranges from 690-850, before you apply.

It offers bonus points on food-related purchases, plus dining and travel credits. Rewards are transferrable to travel partners. Updated Aug 22, 2024 9:18 a.m. PDT · 1 min read.

If you love a VIP experience and globe trot regularly, then the Amex Platinum is a fantastic option. But if you're not overly fussed about luxury travel or only travel a few times each year, the Amex Gold offers better value and more rewards-earning opportunities.

Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card. In order to get the Amex Gold card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You'll also need to have an SSN or ITIN.

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.