American Express Preferred Rewards Gold
American Express
- 3%Points on American Express Travel
- 1%Points on all other purchases
Earn 20,000 Membership Rewards points when you spend £3,000 in your first three months.
Earn 3X points on American Express Travel and 1 point for every £1 spent elsewhere.
135.7% Variable APR
The American Express Preferred Rewards Gold card earns the #1 spot due to its exceptional rewards structure, particularly for travel-related purchases, making it a top choice for frequent travelers who can leverage the benefits effectively.
Pros:
- Free first year
- High rewards on travel spending
Cons:
- High annual fee after the first year
- APR can be very high
The American Express Preferred Rewards Gold card is well-suited for frequent travelers who can take advantage of its strong rewards structure and benefits, particularly in travel-related spending. However, the higher annual fee may not be justifiable for casual users or those who do not frequently utilize the card’s premium features.