The American Express Gold Card is the best travel card on the market. It provides all of the benefits of a major credit card in addition to rewards and benefits. But there are some things you have to watch out for if you want to earn the maximum benefits. This article will take a look at the AMEX Gold Card annual fee, the grace period, and other things that might help you save.
If you have bad credit you need to make sure the Annual Percentage Rate (APR) on your American Express Gold Card is low. There is a lot of competition in the credit card market and the rates are very competitive. You can find cards that charge as little as 0.00% per APR. But if you don't pay off your balance in the first year you will end up paying a higher APR. So it's important to shop around for a card with the lowest possible annual fee and minimal interest charge.
The first benefit is the great interest free period. For most cards you get a free transfer of your balance over to your new card when you make your payment in full during your introductory period. If you cancel your account before the introductory period is over you will have to pay the standard interest rate. So this means you can use the free annual fee to reduce your debt and get you started on a better financial track. Once your balance is paid off, you will be charged interest again so you will want to pay off your balance as quickly as possible to avoid being in debt once again.
The second benefit American Express has to offer is the ability to earn fourx miles for every dollar you charge. You earn fourx miles for every dollar you charge to your card. If you pay your balance in full every month you will be able to earn a maximum of twelve miles per dollar you charge, but if you pay less than half of your balance you will only earn two miles per dollar.
The third benefit American Express offers to their members is the opportunity to earn unlimited welcome bonus points. There are a couple ways American Express helps their members get extra welcome bonus points. First they give you bonus points just for making your payments on time. And secondly, they give you bonus points just for enrolling your card in their loyalty program.
The fourth benefit American Express gives its members is the chance to get special travel deals. You earn one mile for every dollar that you charge to your new card. Once you have earned twelve miles you will receive a special welcome bonus reward. If you stay at one of their hotels for at least five nights you earn another bonus mile for each night that you stay at their hotel. This means that an American Express Gold card with a twelve mile bonus will give you double the points you would otherwise earn using your credit card for travel.
Finally, American Express gives you the opportunity to earn additional discounts at U.S. supermarkets. Every time you use your credit card to make purchases at any participating U.S. supermarkets you earn four bonus miles for every $1 that you spend. In addition, you also earn four additional bonus miles for every dollar of non-cash fares that you charge when traveling on an American Express Gold card. In order to take advantage of these benefits you must spend some money on groceries each month. But American Express does not expect you to expend more than a certain amount of money per month on these purchases.
In addition to all of these benefits, American Express also offers a special gift for business people. For every year that you belong to this membership program you earn a free black jeans, oxfords, cashmere sweaters or leather attire. You cannot be a part of the program and then start buying your own items at the end of the year. You can continue to receive the gifts all throughout the year if you wish. So if you are looking for a business card that will give you the flexibility you need to expand your business, American Express Gold Cards make an excellent choice!