American Express UK Preferred Rewards Gold

4.0

OUR RATING

Representative APR

86.3% APR (variable)

Purchases

29.4% (variable) p.a.

Balance Transfers

29.4% (variable) p.a. (3% fee)

Account Fees

£0 for your first year. Then £195 p.a. from year 2.

Representative Example:

At an assumed credit limit of £1,200, with a purchase rate of 29.4% (variable) p.a., and a fee of £0 in year 1 and £195 per annum from year 2, most accepted customers get a rate of 86.3% APR (variable).

4.0

OUR RATING

Editor’s Note: While we always aim to give you accurate product information at the point of publication, rates, prices, terms and promotions can always be changed by the provider afterwards and without notice, so be sure to double check first.

Our Verdict

The American Express UK Preferred Rewards Gold credit card offers extra points on travel related purchases (terms apply) and includes a welcome bonus. It carries a high annual fee of £195, waived for the first year. Cardholders also receive two £5 Deliveroo statement credits each month, providing additional value for dining and delivery.

Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.

Product Features & Benefits

Issuer	American Express UK
Network	American Express
Primary Category	Rewards
Loyalty Scheme	Points
Incentive on opening	Earn 20,000 Membership Rewards® points when you spend £3,000 in your first three months of Cardmembership. Offer available for a limited time.
Cashback/Rewards (if applicable)	Earn 1 Membership Reward point for every £1 you spend. 2X points on purchases made directly with airlines for every £1 spent. 3X points on American Express Travel for every £1 spent. Get a £5 Deliveroo statement credit - twice every month. Get x4 complimentary Priority Pass airport lounge visits at up to 1,300 lounges at major airports around the world with your Priority Pass membership.
Account Fee	£0 for your first year. Then £195 p.a. from year 2.
Purchases	29.4% (variable) p.a.
Purchases Interest Free Period	56 days
Balance Transfers	29.4% (variable) p.a. (3% fee)
Balance Transfer Fee	3.00%
Cash Advances	37% (variable) p.a. (fees apply)
Minimum Credit Limit	£ 700.00
Maximum Credit Limit	Subject To Status

Fees & Charges

Account Fee	£0 for your first year. Then £195 p.a. from year 2.
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%