American Express UK Preferred Rewards Gold
Representative APR
86.8% APR (variable)
Purchases
29.7% (variable) p.a.
Balance Transfers
29.7% (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 29.7% (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 86.8% APR (variable).
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 40,000 Membership Rewards® points when you spend £5,000 in your first six months of Cardmembership. Offer ends 14 October 2025. |
| 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. |
| Account Fee | £0 for your first year. Then £195 p.a. from year 2. |
| Purchases | 29.7% (variable) p.a. |
| Purchases Interest Free Period | 56 days |
| Balance Transfers | 29.7% (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% |
Application Requirements
| Availability | Available to new customers |
|---|---|
| Minimum Income | £ 0 |
| Minimum Age | 18 |
| Residency | Permanent resident in the UK. |
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34.4% Representative APR (variable)
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited and is acting as a credit broker, not a lender.
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