Amex Preferred Rewards Gold
American Express
Annual fee
£0
Rewards rate
3%-1%
Welcome Bonus
20,000 points
Apply Now →on American Express's website
Regular APR:86.3% Variable APR
- 3%Points on travel and hotels
- 1%Points on all other purchases
Welcome Bonus:
Earn 20,000 Membership Rewards points when you spend £3,000 in your first three months.
Reward Rate:
Earn points on travel, hotels, shopping and more.
APR:
86.3% Variable APR
The Amex Preferred Rewards Gold card is the best option for frequent travelers, offering a robust rewards structure with 3 points per £1 spent on travel and hotels, plus a generous welcome bonus.
Pros:
- No annual fee
- High rewards on travel and hotels
Cons:
- High APR
- Minimum spend required for bonus
The Amex Preferred Rewards Gold card is particularly suitable for frequent travelers and those who spend significantly on travel and hotel expenses, given its strong rewards structure and welcome bonus. However, potential users should consider their spending habits and whether they can maximize the card's benefits to offset the annual fee.