American Express UK Preferred Rewards Gold
Representative APR
88.8% APR (variable)
Purchases
31.0% (variable) p.a.
Balance Transfers
31.0% (variable) p.a. (3% fee)
Account Fees
Year 1 - £0.00, Year 2 onwards - £195.00 per annum
Representative Example:
At an assumed credit limit of £1,200, with a purchase rate of 31.0% (variable) p.a., and a fee of £195 per annum, most accepted customers get a rate of 88.8% APR (variable).
Our Verdict
Product Features & Benefits
Issuer | American Express UK |
---|---|
Network | American Express |
Primary Category | Rewards |
Loyalty Scheme | Points |
Incentive on opening | Earn 25,000 points when you spend £3,000 within 3 months of account opening until 9.1.24. |
Cashback rate (if applicable) | No cashback scheme |
Account Fees | Year 1 - £0.00, Year 2 onwards - £195.00 per annum |
Purchases | 31.0% (variable) p.a. |
Purchases Interest Free Period | 56 days |
Balance Transfers | 31.0% (variable) p.a. (3% fee) |
Balance Transfer Fee (%) | 0 |
Cash Advances | 38.3% (variable) p.a. (fees apply) |
Minimum Credit Limit | £700 |
Maximum Credit Limit | Subject To Status |
Fees & Charges
Account Fee (£) | Year 1 - £0.00, Year 2 onwards - £195.00 per annum |
---|---|
Late Payment (£) | 12 |
Returned Payment (£) | 12 |
Exceed Limit (£) | 0 |
Duplicate Statement (£) | 2 |
Replacement Card (£) | 0 |
Trace Fee (£) | 0 |
Cash Withdrawal Fee (%) | 3 |
Cash Withdrawal Minimum Charge (£) | 3 |
Foreign Usage EU (%) | 2.99 |
Foreign Usage World (%) | 2.99 |
Application Requirements
Availability | Available to new customers |
---|---|
Minimum Income | 0 |
Minimum Age | 18 |
Residency | Permanent resident in the UK. |
![](https://mintify.uk/wp-content/uploads/2023/10/Profile-300x300.png)
Executive Editor: Daniel Blackmore
Updated: 01/02/2024