Even though American Express® Gold Card does not come with any pre-set limit, it doesn't mean that cardholders can make unlimited spends. You will still have to contact the card provider in advance in case you wish to make an exceptionally large purchase. Moreover, your spending patterns, credit profile, account history and overall finances would be referred to approve or determine your card charges.
American Express
American Express® Gold Card
Shopping
Reward Points
1st Year Fee: ₹1,000* Plus Applicable Taxes
Rewards
Up to 5X rewards per Rs. 50 spent
Travel
Exclusive benefits at top hotels globally
Dining
Up to 20% off at partner restaurants
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About American Express® Gold Card
American Express® Gold Card is a charge card that gives a good value-back on your purchases in the form of Membership Rewards® points. With this card, you can earn reward points on every transaction, including spending categories like fuel and utility bill payments that are often excluded from credit card rewards programs. The cardholders can also boost their rewards earnings 5 times the base rate by making purchases through the Rewards Multiplier platform. Apart from these rewards benefits, users get access to other lifestyle privileges, like dining discounts, exclusive benefits at top hotels and much more.
Reward Program
- 5X Membership Rewards® points on purchases made via Rewards Multiplier
- 1 Membership Rewards® point for every Rs. 50 spent, including fuel (petrol, diesel, CNG from Oil Marketing Companies – OMCs) and utility spends1
- No capping on Membership Rewards® points, except on fuel and utility spends2
- No Membership Rewards® points accrual on insurance and cash transactions
- Membership Rewards® points can be redeemed against vouchers from popular brands spanning across multiple categories available under the 18 and 24 Karat Gold Collections
Other Features & Benefits
- Welcome Bonus: 4,000 Membership Rewards® points on reaching Rs. 10,000 spends within the first 90 days of card membership
- Milestone Benefit: 1,000 bonus Membership Rewards® points on making 6 spends worth minimum Rs. 1,000 each in a month
- Travel Benefit: A room upgrade (as available) and USD 100 hotel credit on staying 2 consecutive nights at 400+ top hotels worldwide under the Hotel Collection, including Hyatt Hotels, Intercontinental and Hilton Hotels
- Renewal Bonus: 5,000 bonus Membership Rewards® points on the first year card renewal fee payment
- Dining Discount: Up to 20% off on dining bills at partner restaurants
- Fuel Benefit: 0% convenience fee on HPCL fuel spends worth less than Rs. 5,000
- Concierge Services: Get assistance with dining reservations, locating or sourcing goods and services at home or abroad, organising events on personal occasions, golf bookings, gift and flower delivery, movie and theatre ticket bookings, ‘invite only’ events reservations and much more
American Express® Gold Card: Fees & Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Rs. 1,000 + Applicable Taxes |
| Annual Fee | Rs. 4,500 + Applicable Taxes |
| Add-on Card Fee | Rs. 1,500, applicable from the 3rd supplementary card onwards |
| Cash Advance Fee | 3.5% of the withdrawn amount, subject to a minimum of Rs. 250 |
| Delinquency Fee (in case of overdue account balance) | 5% of the unpaid balance, subject to a minimum of Rs. 300, in the next billing statement until the full payment is received |
Things to Know Before you apply
Get this card if:
You want a card that gives value-back in the form of reward points and doesn’t exclude fuel and utility payments from these benefits
You can make good use of the brand vouchers received on rewards redemption
You want a card that lets you save on your frequent hotel stay spends, but are not looking for extensive travel benefits
Eligibility Criteria
Age: Above 18 years old
Occupation: Salaried or Self-employed with company trading for 12+ months
Salary: Rs. 6 lakh and above per annum
Indian resident with a savings or current account in India
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What do we like about this card?
American Express® Gold Card offers decent rewards on every Rs. 50 spent, unlike most other credit cards that offer rewards on every spend worth Rs. 100 or more. If you put most of your purchases on credit card and often shop from popular brands/platforms via Rewards Multiplier, then you can save significantly as Membership Rewards® points. Moreover, inclusion of utility and fuel in the rewards program, up to 12,000 Membership Rewards® points as milestone bonus, and room upgrade and credit at top hotels add to the value-back the card users can avail using this card.
Pros
- Up to 12,000 Membership Rewards® points on reaching easily achievable spending milestones
- Good savings on stays at some of the top hotels worldwide
- Rewards on fuel and utility payments - categories that are often excluded
- 5X Membership Rewards® points on popular brands and platforms with top brand vouchers as redemption options
Cons
- No complimentary lounge access
- No option to waive off the card annual fee
- Rewards redemption limited to Gold Collection catalogue
Conclusion
This card is a suitable option for those looking for a credit card that offers value-back as rewards across categories like shopping, household spends, fuel, travel, and others. You can maximise your savings by utilising features like the Rewards Multiplier, milestone bonus, hotel stay savings and dining discount. However, if you wish to get a card with good category specific benefits then looking for other card variants is advisable.
Frequently Asked Questions
Everything you need to know about this credit card
American Express® Gold Card offers Membership Rewards® points on your purchases. You can redeem the earned reward points through the redemption portal of American Express. All you need to do is login to the portal using your credentials and choose the required option from the catalogue to redeem your reward points.
This credit card comes with no pre-set credit limit. However, the approval or rejection of your transaction is decided upon by the card provider. Your transaction will be approved based on your spending pattern, credit record, finances and account history.
Yes, you can withdraw cash using this credit card. However, you will be charged a cash advance fee of 3.5% of the cash amount, subject to a minimum of Rs. 250 and therefore, it is advisable not to withdraw cash using a credit card as it incur high charges.
American Express® Gold Card is a charge card through which you can make purchases just like a credit card. But the major difference is that you cannot carry the outstanding balance to the next billing cycle by paying the minimum due. You are required to pay the credit card bill in full to use your card further.
This credit card comes with minimal travel benefits which include room upgrade and additional hotel credit at top hotels, including Hilton Hotels, Intercontinental and Hyatt Hotels. Therefore, this is not an ideal option if you are looking for a card that offers decent travel benefits, such as complimentary stays, complimentary lounge access, low forex markup fee and much more.
You can apply for this credit card online through the official website of American Express. You can check your eligibility and apply for it by submitting a duly filled application form. You are also required to attach the relevant documents, along with the application form.
Footnotes
- Earned Membership Rewards® points will be forfeited for the monthly billing cycle in which the credit repayment is not received in full by the due date.
- Membership Rewards® points are capped at 10,000 per month for utility payments and at 5,000 per month for fuel spends.
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
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