Is Amex Gold a charge card?

The Amex Gold card APR is 20.49% (V) - 28.49% (V) on purchases approved for the Amex Pay Over Time feature. For all other purchases, there is no regular APR. That this because the Amex Gold card is a hybrid between a charge card and a regular card and cardholders are generally not allowed to carry a balance from one month to the next.... read full answer

Cardholders who do not use the Pay Over Time may instead use the Plan It feature. This feature allows you to select large, eligible purchases and split them into monthly payments with a fixed fee.

There are a few things you should know about the Amex Gold card Pay Over Time feature, such as:

• Pay Over Time allows Amex Gold card cardholders to finance eligible purchases over a specified timeframe, and for a set fee, subject to Amex's approval.
• The exact interest rate applied to Pay Over Time purchases will depend on the cardholder's credit score, annual income, the number of open accounts, and other factors.
• Purchase amounts in the Pay Over Time balance will also be subject to a monthly fee of up to 1.33%, based on the plan duration.

The Amex Gold card also has other APRs you should be aware of. It may charge a penalty APR of up to 29.99% for late Pay Over Time payments. Also, if you take out a cash advance using the Amex Gold card, a separate interest rate of 29.74% (V) will apply. Interest charges on cash advances accumulate daily, starting on the date you withdraw the cash.

The Amex Gold card has no preset spending limit, which means the spending power is determined on a month-to-month basis, depending on the cardholder’s previous spending habits, income, payment history and other factors. This does not mean that consumers are able to spend limitlessly with a no preset spending limit. Amex Gold cardholders are given a flexible spending capacity, rather than a specific one.... read full answer

More info about the Amex Gold card NPSL

While not having a preset spending limit (NPSL) can offer you some flexibility, it can be difficult in emergency situations. You can know roughly what you’re able to spend based on past months, but with most NPSL cards, you never know exactly when a future purchase will be declined.

American Express makes it easier to plan for future purchases, though. If you're unsure whether a large purchase will be approved or not, simply use the Check Spending Power tool in your online account or mobile app.

Alternatives to No Preset Spending Limit

If you’d rather get a card with a set credit limit, some good rewards card options from Amex include the Amex Cash Magnet Card, Blue Cash Preferred® Card from American Express and the Blue Cash Everyday® Card from American Express.

Yes, the Amex Gold card is a metal credit card. New Amex Gold card applicants don’t need to specify that they want a metal card, either. This is the standard design for this card. The metal Amex Gold card doesn’t work any differently than a plastic card, though it will be more durable.

What you should know about the Amex Gold card:... read full answer

It’s worth noting that regardless of its name, the Amex Gold card is not made of gold. But it is worth quite a bit in ongoing rewards. Cardholders can earn a welcome bonus of 60,000 points for spending $4,000 in the first 6 months. Plus, this card offers 4 points per $1 at U.S. supermarkets (up to $25,000 spent per year), 4 points per $1 at restaurants worldwide (plus takeout and delivery in the U.S.), 3 points per $1 on flights booked directly with airlines or on amextravel.com, and 1 point per $1 on all other purchases.

There are also annual credits for dining and Uber charges. All these perks together help offset the Amex Gold card’s $250 annual fee.