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  1. #1

    Review of The American Express Gold Card

    The American Express Gold card has long been a desirable and prestigious charge card since its premier in 1966, with its excellent rewards program and host of benefits. In fact, a number of people who have the card aren't even aware of the full list of benefits they could be enjoying! Before you sign up, here's a look at what you should know beforehand.

    The Rewards Program for 2013

    With your Gold card, you'll earn 1 point for every $1 in purchases plus up to 10 points per $1 when you shop through the Membership Rewards website at retail partners.

    The rewards program itself is just okay and most people get the card for the status as well as the long list of exclusive benefits you can enjoy. Your rewards points can be redeemed for travel rewards, gift cards, merchandise, clothing or electronics through the MU Program or you can transfer points to frequent flyer programs.

    As the old commercial said, "Membership has its benefits." That's certainly still true today with the American Express Gold card. Whether you're after rewards for purchases, purchase protection or travel benefits, there's something for everyone with this card. In addition to the rewards program, here are the benefits you could be enjoying.

    Purchase Benefits with American Express Gold

    1. Purchase Protection covers purchases with your card if they're accidently damaged, stolen or lost during the first three months. AmEx covers the cost of a replacement or repair up to $1,000 per claim and up to $50,000 per year, regardless of where you purchased the item.

    2. Extended Warranty adds an additional year of warranty on all eligible purchases if the original manufacturer's U.S. warranty is 5 years or less. Why pay for an extended warranty from the retailer when American Express will pay to replace or fix your purchase instead?

    3. Return Protection covers you when the store won't accept your return, whether you don't have a receipt, the item isn't in brand-new condition or the store simply doesn't accept returns. If the store won't return your purchase within 90 days, American Express will refund the full purchase price up to $300 per item, as long as you purchased it with your Gold card.

    What About The Travel Benefits?

    • $75 Hotel Credit when you book through Gold Hotel Collection, along with discounts and low rates.
    • Roadside Assistance offers free 24/7 roadside assistance anywhere in the United States and Canada up to $50 per incidence and up to 4 times per year.
    • Car Rental Loss and Damage Insurance offers complimentary collision coverage on eligible car rentals if you pay with your Gold card.
    • Luggage Insurance protects you if your bags are stolen, damaged or lost up to $1,250 for carry-ons and $500 for checked bags on common carrier tickets. This is additional coverage that kicks in once the airline pays their maximum reimbursement.
    • Travel Accident Insurance up to $100,000 is provided on all eligible travel on a common carrier.
    • Emergency card replacement to get a new card overnighted to you, whether you're at home or traveling abroad.
    • Emergency assistance hotline is available if you're 100 miles from home to get emergency cash, assistance with a new passport, referrals for a doctor and more.

    There Are a Few Downsides...

    It can take up to 8 weeks before points are credited to your account so don't plan to accrue tons of points in a short amount of time if you're saving up for a trip redemption in the near future. The card also has an annual fee of $125, which is waived for the first year, although this is hardly a downside considering the shopping and travel benefits.

    The Verdict on American Express Gold for 2013

    The American Express Gold Card is perfect if you're looking for a solid rewards card with no pre-set spending limit and you want to take advantage of great benefits while shopping and traveling. American Express Gold is one of the best cards to have on your wallet while you travel, although you may want to consider the American Express Premier Rewards Gold card if you spend at least $30,000 a year.

    If you spend more than $30,000 per year, the Premier Rewards Gold card is virtually the same card but it has a higher annual fee ($175 instead of $125, both waived the first year) and higher rewards.

    The Premier Rewards version comes with a 25,000 points bonus once you spend $2,000 during your first 3 months, plus another 15,000 points every calendar year you spend $30,000. You'll also get triple points on airfare and double points at stand-alone gas stations and supermarkets.

  2. Review of The American Express Gold Card
  3. #2
    Registered User Junior Member
    There was once a time when this was clearly the best travel rewards card out there. If you are on a budget though I think Capital One Venture can give Amex gold a run for it's money.

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