No, the American Express® Gold Card is not a cash back card. It does give rewards, though, including 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. The Amex Gold card also has an annual fee of $250.
There are plenty of other cash back credit cards to consider, though. You can start your search with WalletHub’s editors’ picks for the best cash back credit cards on the market. It’s good to compare multiple options before submitting an application, to ensure that you get the most bang for your buck.
The main Amex Gold card requirements for approval are having a credit score of at least 700, being at least 18 years old, and being a U.S. citizen or permanent resident. Amex Gold card applicants must also provide a Social Security number, Individual Taxpayer Identification Number or passport. Another major requirement is a steady income. American Express does not disclose a specific income requirement, but it will need to be enough to make payments on the card and to afford the $250 annual fee.… read full answer
More info about Amex Gold card requirements:
Amex doesn’t openly state any other Amex Gold card requirements, but there are plenty of other factors that Amex considers during the approval process. The amount of existing debt you have, the number of accounts you have open, and the number of recent hard inquiries on your credit report are among those factors. Amex looks at your entire financial profile when making a decision.
One way to get a better idea of whether you meet the Amex Gold card requirements is to use Amex’s pre-qualification tool. Just put in a few personal details and Amex will show you all cards they think you’d likely be approved for. This pre-qualification process won’t impact your credit.
There are no American Express credit cards that are easy to get. They all require good credit or better. The USAA® Secured American Express® Card used to be the easiest American Express card to obtain as it was available to people with bad credit. But USAA® Secured American Express® Card is no longer available to new applicants.
While American Express credit cards aren’t that easy to obtain, there are several other credit cards that are easy to get approved for.… read full answer
Having one of these credit cards may increase your chances of landing an American Express credit card in the future, if you use it responsibly. That means paying your bill on time every month and keeping your credit utilization below 30% of your credit limit.
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.
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