How does the Amex Gold card airline credit work?

No, you don’t have to pay off all American Express card every month. Most Amex credit cards allow you to carry a balance from month to month, requiring only a monthly minimum payment to keep your account in good standing. Some even offer 0% introductory APRs. That’s the case with some of the best American Express credit cards like:... read full answer

American Express Credit Cards You Have to Pay Off Every Month

On the other hand, you do have to pay some American Express cards in full every month. These include:

But there are exceptions. If you have one of those cards and use it responsibly, American Express may offer to let you pay for certain purchases over time. Interest will apply to such purchases, though, at a rate that won’t be disclosed until Amex extends an offer.

You can check out WalletHub’s review of the best American Express credit cards to find a good option for carrying a balance. Just don’t expect to find a low regular APR. American Express credit cards are known more for rewards than low rates. All information about the American Express Cash Magnet® Card has been collected independently by WalletHub. The American Express Cash Magnet® Card is no longer available to new applicants through WalletHub, but may be available on the American Express website.

The credit score that you need for the Amex Gold card is 700, at a minimum. That means people with good credit or better have a shot at getting approved for this card.

Other American Express® Gold Card approval requirements:

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Amex Gold card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.... read full answer

If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Amex Gold card credit score requirement. You can check your credit score for free on WalletHub.

American Express rewards do not expire as long as the account is open and in good standing. You will forfeit any rewards you have yet to redeem if you or American Express closes your account for any reason.

Once the account is closed, American Express may give you 90 days to redeem your unused rewards. After that, you’ll lose your rewards and will not be able to get them back.... read full answer

Although American Express rewards don’t expire until the account is closed, it’s still a good idea to redeem your rewards as often as possible. Just bear in mind that American Express will not allow you to earn or redeem any rewards whenever you’re late making the minimum payments.