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American Express Gold Credit Card

by Kshitiz V Sharma on

The Bottom Line

American Express Gold Credit Card
High Fee, Low Rewards

5 MR / ₹50 on all purchases on Rewards Multiplier and 1 point on all expends except fuel & utilities.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield -7.0%^ -3.2%^ 0.2% 0.4% 0.5%
Est. Monthly Reward (₹) (350) (320) 45 220 525
All-India Rewards Rank* 347 355 269 280 233
Within Bank Rank* 2 2 4 4 5
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The American Express Gold Credit Card gives 0.60% effective reward on all spending except fuel & utilities.

Overall, we estimate you can earn a net reward yield of 0.4-0.5% on spending above ₹50,000 with this card in a month.

If you are spending less than ₹20,000 a month on your card, consider American Express SmartEarn Credit Card.

This card can earn you a net reward yield of 1.3-1.9% on monthly spending up to ₹20,000.

If you are spending more than ₹20,000 a month on your card, consider the American Express Platinum Travel Credit Card.

This card can earn you a net reward yield of 0.80-1.70% on all your spending.

The Platinum Travel offers a low 0.60% reward on all your spending but earns milestone rewards of ₹4,500 and ₹7,500 on spending ₹1.9 lacs and ₹4.0 lacs within a year.

The Platinum Travel has a non-waivable fee of ₹5,000.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.


The Rewards

Card American Express Gold Credit Card
Card Type Reward
Reward Features 5 MR / ₹50 on all purchases on Rewards Multiplier

1 MR / ₹50 on all expends except fuel & utilities

Milestone Rewards 1,000 MR Points on 6 transactions / mth.
Other Rewards – 20% off on dining at select restaurants
Rewards Redemption Fee Nil
Reward Caps Unlimited
Preferred Redemption Method Redeem points on American Express Portal for e-Vouchers
@ ₹0.30/ MR points

Redeem your Points from the fabulous 18 and 24 Karat Gold Collection

You can achieve a conversion rate as high as ₹0.50-0.58 on collecting 18,000 (₹9 lacs) or 24,000 (₹12 lacs) reward points. This will be based on redemption via their 18 & 24 Karat Gold Collection Vouchers.


Fees & Charges

Card American Express Gold Credit Card
Joining Fee ₹1,000 + Taxes
Annual Fee ₹4,500 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
Nil
Income Criteria Salaried ₹6 Lacs p.a.
Self-employed ITR>₹6 Lacs
Supplementary Card Fee 1 Free Card
2nd onwards at ₹1,000 + Taxes
Interest Rate 42.00%
Foreign Currency Markup 3.50%
Cash Advance Charge 3.50% with a minimum of ₹250

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