American Express Gold Charge Card
MyRupaya Ratings
Product Details
Credit Card Name :
American Express Gold Charge Card
Bank Name :
American Express
Type :
Rewards Credit Card
Interest Rate :
APR 44.13%
Eligibility :
You must be at least 18 years old.
You must have an Indian or multinational bank’s savings or current account in India.
You must have a good credit history and no payment defaults.
You must have a personal annual income of Rs. 6 Lacs and above (for both salaried and self-employed individuals).
You must have a current/permanent residential address in India.
Pros
Customers can earn 1,000 bonus points on 6 transactions of ₹1,000 every calendar month.
Customers also get to enjoy greater flexibility with a ‘no pre-set spending limit.
Also. Enjoy 1 Membership Rewards point on all spending including fuel and utility.
Customers can redeem their points from the fabulous 18 and 24 Karat Gold Collection.
Enjoy up to 20% off every time you dine-out.
Cons
High annual fee: The annual fee for the American Express Gold Charge Card is $250. This can be a significant drawback if you're not sure you'll be able to take advantage of all the card's benefits to offset the cost.
Charge card: Unlike a traditional credit card, you must pay your balance in full each month with a charge card. This can be difficult for some people to manage.
Limited airport lounge access: The Amex Gold Charge Card does not include complimentary access to airport lounges. However, you can purchase access to individual lounges or sign up for a separate lounge membership program.
Foreign currency conversion fees: While there are no foreign transaction fees, Amex does charge a 2.7% currency conversion fee on purchases made in a foreign currency.
Pros & Cons
Welcome Benefits
None
Rewards System
Earn 1 Membership Rewards Point for every1 Rs. 50 spent except for spends at Insurance and Cash Transactions. You can also earn 1 Membership Rewards Point for every1 Rs. 50 spent on fuel and utility.
Effective Cashback Rate: 1% to 2.5%.
International Forex Markup
Up to: 2.7%
Welcome Benefits and Reward System
Special Features
Redeem your Points from the fabulous 18 and 24 Karat Gold Collection
Eligibility Criteria
You must be at least 18 years old.
You must have an Indian or multinational bank’s savings or current account in India.
You must have a good credit history and no payment defaults.
You must have a personal annual income of Rs. 6 Lacs and above (for both salaried and self-employed individuals).
You must have a current/permanent residential address in India.
Benefits
Customers can earn various categories of reward points like fuel, and utility.
Card provides a discount on dine-out.
Customers can redeem their Points from the 18 and 24 Karat Gold Collection.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the American Express website: Look for the "American Express Gold Charge Card" and click "Apply Now."
Enter your basic information: Name, address, date of birth, contact details.
Provide financial information: Income, employment, Social Security number.
Review and submit application: Carefully review all details before submitting.
Credit check: American Express will perform a credit check to determine your eligibility.
Approval and card issuance: You'll receive a notification about your application status within a few days. If approved, your card will be mailed within a week.
Contact Details
1800 419 2122
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Customers can earn 1,000 bonus points on 6 transactions of ₹1,000 every calendar month.
Customers also get to enjoy greater flexibility with a ‘no pre-set spending limit.
Also. Enjoy 1 Membership Rewards point on all spending including fuel and utility.
Customers can redeem their points from the fabulous 18 and 24 Karat Gold Collection.
Enjoy up to 20% off every time you dine-out.
High annual fee: The annual fee for the American Express Gold Charge Card is $250. This can be a significant drawback if you're not sure you'll be able to take advantage of all the card's benefits to offset the cost.
Charge card: Unlike a traditional credit card, you must pay your balance in full each month with a charge card. This can be difficult for some people to manage.
Limited airport lounge access: The Amex Gold Charge Card does not include complimentary access to airport lounges. However, you can purchase access to individual lounges or sign up for a separate lounge membership program.
Foreign currency conversion fees: While there are no foreign transaction fees, Amex does charge a 2.7% currency conversion fee on purchases made in a foreign currency.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
First Year Fee: Rs. 1,000 plus applicable taxes (Second Year onwards Rs. 4,500 plus applicable taxes).
Late Payment Fee: Up to Rs. 1,000 (minimum Rs. 200)
Cash Advance Fee: 3.5% of the withdrawn amount, minimum Rs. 250
Foreign Currency Transaction Fee: 2.5% of the transaction amount
Returned Payment Fee: Up to Rs. 500 per transaction
Fuel Surcharge
0% for HPCL transaction less than INR 5,000,1% fee per transaction is applicable for all HPCL transactions on and above INR 5,000, 1% of the transaction value subject to a minimum of INR 10 + applicable taxes, will be charged as convenience fee at fuel stations operated by the Public Sector Oil Marketing Companies BPCL and IOCL, 2.5% of the transaction value subject to a minimum of INR 10 + applicable taxes, will be charged as convenience fee at fuel stations of all other Oil Marketing Companies (except HPCL, BPCL and IOCL).
Billing Cycle
30 Days