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 Card4.8/5

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 stands out as the top choice because it offers a generous welcome bonus and high rewards on travel-related spending, making it ideal for frequent travelers who can maximize point transfers.

Pros:

  • Waived first year annual fee
  • High rewards on travel spending

Cons:

  • High APR
  • Requires monthly balance clearance
Apply now →

The American Express Preferred Rewards Gold Credit Card is best suited for frequent travelers who can take advantage of its high rewards rate on travel-related purchases and substantial welcome bonus. However, the annual fee may not be justifiable for casual users or those who do not frequently utilize the card's travel benefits.

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