American Express Preferred Rewards Gold Credit Card 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer
Mat C.
Edited by Mat C.
Managing Editor & Senior Developer

American Express Preferred Rewards Gold Credit Card4.6/5

American Express

Annual fee
£195
Rewards rate
3%-1%
Welcome Bonus
40,000 Membership Rewards points
Apply Now →on American Express's website
Regular APR:86.3% APR variable

  • 3%Points via Amex Travel
  • 2%Points on airlines/overseas
  • 1%Points on all other purchases

Welcome Bonus:

Earn 40,000 Membership Rewards points when you spend £5,000 in your first six months.

Reward Rate:

Earn 1 Membership Rewards point for every £1 spent, 2x points on airlines/overseas, and 3x via Amex Travel.

APR:

86.3% APR variable

The American Express Preferred Rewards Gold Credit Card is particularly appealing for frequent travelers, offering a substantial welcome bonus and enhanced rewards on travel-related spending. Its ability to earn 3x points through Amex Travel sets it apart, making it a strong contender for those who maximize their travel rewards.

Pros:

  • Generous welcome bonus
  • High rewards on travel spending

Cons:

  • High annual fee
  • Very high APR
Apply now →

The American Express Preferred Rewards Gold Credit Card is well-suited for frequent travelers and those who can effectively utilize its travel-related rewards structure, especially given the generous welcome bonus and the ability to earn 3x points on purchases through Amex Travel. However, the annual fee may be a consideration for casual users or those who do not frequently travel, making it essential to evaluate personal spending habits before applying.

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