When you think of a gold card the first thing that comes to mind is American Express®.
They are the one who put an exclusive card on the map.
I’m going to show you what makes the American Express(R) Premier Rewards Gold Card special.
First off, don’t make the mistake of thinking this is a credit card, it’s not.
This is a CHARGE card. That means that the purchases you make are expected to be paid off IN FULL when you get your statement. There are some exceptions but for the most part this is a card for people who will be able to pay everything off every month (you should really aim to do that anyway).
Being a charge card means there is no pre-set spending limit for the card. Not that you can go out and spend to your heart’s content though. Your purchasing power will adjust to your spending habits, your payment habits, your income, and other factors that American Express takes into account.Continue Reading