American Express (AMEX) are globally known for the selection of AMEX credit cards they offer, one of which is the American Express Preferred Rewards Gold Card which is discussed below.
About American Express Preferred Rewards Gold Card
The American Express Preferred Rewards Gold Card is a credit card aimed at consumers who love to travel, eat out and go to events for entertainment. As at the beginning of 2010, it offers the Membership Rewards program, has no pre-set spending limit and has no annual fee the first year. You pay no interest on your purchases because you pay your balance in full each billing cycle. You will accrue a late charge and interest charges, if you don’t pay on time, however.
The AMEX Preferred Rewards Gold Card apparently offers opportunities to turn your purchases into rewards points you can spend on all kinds of things like travel, shopping or entertainment and you get exclusive offers to travel deals and upgrades. For those that like privileges in entertainment and travel, the American Express Preferred Rewards Gold Card gives you access to exclusive seating at concerts and event or gives you access to exclusive travel deals.
From the family of American Express cards, the AMEX Gold Card is apparently geared more towards the consumers that like to travel and earn rewards points for doing it, while getting access to deals that other travelers might not be privy to. Some of the other cards are geared towards business travelers. It is always worth carrying out significant competitive research before considering any credit card. It is also critical to establish if a credit card is needed at all.
The Benefits of American Express (AMEX) Preferred Rewards Gold Card
The purported benefits of the AMEX Preferred Rewards Gold Card include the Membership Rewards points that are earned for every dollar you spend and you earn bonus points by shopping at select retailers.
Membership Rewards points can be redeemed for travel, shopping, dining and entertainment. In addition, you can get access to deals in travel or special event seating by using the American Express Preferred Rewards Gold Card and there are no black-out dates when you use your points.
Some people like the Membership Rewards program because they can convert points to their frequent flyer programs or they can buy designer clothing and get the newest electronics. You can apparently also buy gift cards to major retailers with the points. There is obviously a hidden cost somewhere for these benefits, which might be interest rates or the opportunity cost of losing potential money kick-backs offered by some credit cards.
Some of the other advertized travel services include 24 hour roadside services, baggage insurance plans and premium travel insurance programs. With the Global Assist Hotline, you can get emergency assistance any time. As an American Express Gold Card member, you can take advantage of competitive fares and exclusive travel offers including Gold Card Destinations.
Does the American Express Preferred Gold Card Get the Best Seats in the House?
With the American Express Gold Card Event program, you can apparently take advantage of some of the best seats in the house at events through the Preferred Seating program. Exclusive access to major sporting events and select concerts offers some of the greatest advantage to those that like to attend these kinds of entertainment. If you have rewards points, you can redeem them for some of these special offers.
The American Express Preferred Gold Card is for the consumers that like to travel, enjoy fine dining and like to attend various forms of entertainment. The Membership Rewards program allows you to earn points that can be used for a variety of things including merchandise, gift cards, travel, dining and entertainment, which is a major benefit to those that travel much or enjoy restaurants and shows. It is important to seek professional independent financial advice before making investment decisions such as credit card applications.