American Express Gold Charge Card Review

American Express Gold Charge Card is one of the most popular credit cards in India, especially for those who travel frequently. The card offers a host of benefits including reward points, cashback, discounts, and much more. In this review, we will take a closer look at the American Express Gold Charge Card and its features.

Features of American Express Gold Charge Card

1. Membership Rewards Program: The American Express Gold Charge Card comes with a membership rewards program that allows cardholders to earn reward points on every purchase. These points can be redeemed for a variety of rewards including travel vouchers, merchandise, and cashback.

2. Lounge Access: Cardholders get access to select airport lounges in India and abroad. This is especially useful for those who travel frequently and need a place to relax before their flight.

3. Cashback and Discounts: The American Express Gold Charge Card offers cashback and discounts on various categories including dining, travel, and shopping.

4. No Pre-set Spending Limit: Unlike other credit cards, the American Express Gold Charge Card does not have a pre-set spending limit. This means that cardholders can spend as much as they want, subject to their creditworthiness.

5. 24x7 Concierge Service: Cardholders get access to a dedicated concierge service that can assist them with travel bookings, restaurant reservations, and much more.

6. Insurance Coverage: The card comes with insurance coverage including travel accident insurance, purchase protection, and fraud protection.

7. Contactless Payment: The American Express Gold Charge Card comes with contactless payment technology that allows cardholders to make payments by simply tapping their card on the payment terminal.

Fees and Charges

The American Express Gold Charge Card comes with an annual fee of Rs. 1,000 plus applicable taxes. The fee is waived off for the first year. There are no charges on card replacement, late payment, or over-limit spending.

Pros and Cons:

Pros:

1. Great rewards program with the ability to earn reward points on every purchase.

2. Access to airport lounges in India and abroad.

3. Cashback and discounts on various categories including dining, travel, and shopping.

4. No pre-set spending limit.

5. 24x7 concierge service.

6. Insurance coverage including travel accident insurance, purchase protection, and fraud protection.

Cons:

1. The card has an annual fee of Rs. 1,000 plus applicable taxes.

Rewards and Benefits:

The American Express Gold Charge Card comes with a range of rewards and benefits, making it a popular choice among customers. Cardholders earn 1 Membership Rewards point for every Rs.50 spent, which can be redeemed for a variety of rewards, including travel, shopping, dining, and more.

In addition to the rewards program, the American Express Gold Charge Card comes with a range of benefits, including:

Complimentary airport lounge access: Cardholders can enjoy complimentary access to select airport lounges across India.

Dining privileges: Cardholders can avail of dining privileges at select restaurants across India, including discounts and complimentary dishes.

Travel benefits: Cardholders can enjoy travel benefits, including travel insurance and travel assistance services.

Lifestyle benefits: Cardholders can avail of lifestyle benefits, including discounts on shopping, golfing, and more.

Fees and Charges:

The American Express Gold Charge Card comes with an annual fee of Rs.4,500, which is waived off if the cardholder spends Rs.2,00,000 or more in a year. The card also comes with a joining fee of Rs.1,000.

Interest Rates:

The American Express Gold Charge Card is a charge card, which means that it does not come with an interest rate. Cardholders are required to pay the entire balance in full every month.

Eligibility:

To be eligible for the American Express Gold Charge Card, applicants must meet the following criteria:

Age: Applicants must be at least 18 years old.

Income: Applicants must have a minimum annual income of Rs.6,00,000.

Credit score: Applicants must have a good credit score.

Conclusion:

The American Express Gold Charge Card is a popular choice among customers, thanks to its range of rewards and benefits. However, it is important to note that the card comes with an annual fee, which can be waived off if the cardholder spends a certain amount in a year. Additionally, the card is only available to those with a good credit score and a minimum annual income of Rs.6,00,000. If you meet these criteria and are looking for a credit card with a range of rewards and benefits, the American Express Gold Charge Card may be the right choice for you.