In order to recoup the Gold card's $250 annual fee, you'll need to take advantage of the card's benefits.
In order to qualify for the Mastercard® Gold Card™, you will need to have Excellent/Very Good credit and be able to afford the annual fee of $995 ($295 for each Authorized User added to the account).
Yes, it is hard to get the American Express® Gold Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.
The Gold card comes with an annual fee of $250, and there is no annual fee for adding any additional cards to a Gold account. 1 One of the biggest perks for any cardholder is the membership rewards program, which allows consumers to earn points as they use their credit cards.
Is the American Express Gold Card worth the annual fee? If you make use of the card's annual credits and you spend a lot on dining and groceries, the card can be well worth the $250 fee. If you're not maximizing the credits and bonus categories, another card could be a better choice.
A Gold Mastercard credit card gives you a high credit limit, the added security of extensive travel protection and much more.
Amex Gold 75,000-point offer
New cardmembers can earn 75,000 points after spending $4,000 on eligible purchases in the first six months of account opening. What's more, if you're targeted for this offer, you'll have the option of the traditional Gold option or the swanky Rose Gold version.
The Amex Centurion "black" card makes other premium credit cards look downright affordable. It has an initiation fee of $7,500 and an annual fee of $5,000.
In stark contrast to the Centurion card, anyone can apply for the Mastercard® Black Card™ (Review) without a special invitiation. It's is one of the heaviest credit cards you can get, weighing in at 22 grams (compared to the Centurion's weight of only 14g).
The most exclusive credit card is the American Express Centurion Card, also known as the Amex Black Card. It is reportedly reserved for people who spend at least $100,000 per year, and an invitation is needed to apply.
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
The Amex Gold Card is a premium card with a $250 annual fee.
The American Express credit score requirement is 700 or above, depending on the card. That means people with good to excellent credit are eligible to be approved for an American Express credit card.
The PenFed Gold Visa Card can be a great option for consumers with excellent credit who often run a balance and want to avoid the high interest rates that are common among credit cards. However, with no ongoing rewards, it may not be the best choice if you habitually pay off your credit card in full.
The Visa Gold Card offers you increased spending power for all your travel, entertainment and other expenses. This Card is ideal if you want to pay your balance in full each month. To apply you must be aged 18 or over and be an existing Allied Irish Bank (GB) customer with a regular income.
The score is used by roughly 90% of financial institutions when considering giving you a loan or line of credit. FICO scores range from 350 to 850; under 580 is considered poor credit and 740 or higher is considered very good or exceptional credit.
There's no credit limit
The American Express Black Card doesn't have a pre-set spending limit, so cardholders can spend as much as they want every month. ... The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance. Whatever they spend must be paid back in full each month.
The Mastercard® Gold Card™ is the highest-end card offered by Luxury Card, which offers three metal rewards cards. The other two are the Mastercard® Black Card™ (Review) and the Mastercard® Titanium Card™ (Review).
BTS' Jin and Jungkook
Global pop stars Jungkook and Jin of BTS are also reportedly black card holders. Eagle-eyed fans have spotted Jin flashing his black card as he paid for the meals at member Suga's birthday celebration, treating all members of BTS and their staff.
BLACKPINK Jennie
Much like her boyfriend, G-Dragon, she too, owns a black card. However, she's just as grounded as she was when she first debuted and that's what BLINKs love the most about her.
However, it does have a $550 annual fee. For those who don't want to fork over north of $500 for an annual fee, consider the Chase Sapphire Preferred® Card and American Express® Gold Card.
A credit card reserved only for the luxurious, for the uber-premium people, is called the Black Card. It's only offered to people who have incredibly high net worth and spending needs. It is a card with limitless access, whether it's real estate, luxurious clothes or anything else.
Unlike a traditional credit card, your Gold Card has no preset spending limit. This unique feature means the amount you can spend adapts based on factors such as your purchase, payment and credit history.
Prefer to use points like cash back? Amex lets you redeem earned points for statement credits at a value of 0.6 cents per point that you can then apply to one of your purchase transactions. In other words, 15,000 points can knock $90 off this month's credit card statement.