American Express Preferred Rewards Gold Credit Card
American Express
- 5%Bonus Membership Rewards points when you spend £10,000
- 1%Membership Rewards points for every £1 spent
Earn 40,000 Membership Rewards points when you spend £5,000 in the first six months.
Earn 1 Membership Rewards point for every £1 spent. Plus, you get 5,000 bonus Membership Rewards points when you spend £10,000.
85.8% APR variable
The American Express Preferred Rewards Gold Credit Card stands out as the top choice because of its exceptional welcome bonuses and the flexibility of Membership Rewards points, which can be transferred to major airline and hotel loyalty programs.
Pros:
- Robust welcome bonuses
- Airport lounge access
Cons:
- High annual fee after the first year
- Spending threshold for bonuses
The American Express Preferred Rewards Gold Credit Card is ideal for individuals who frequently travel and can maximize the value of its Membership Rewards points through strategic transfers to airline and hotel loyalty programs. However, the relatively high annual fee may not be justifiable for those who do not spend sufficiently to take advantage of the card's rewards structure.