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American Express Gold Charge Card

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.

American Express Gold Charge Card
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?
  1. Visit the American Express website: Look for the "American Express Gold Charge Card" and click "Apply Now."

  2. Enter your basic information: Name, address, date of birth, contact details.

  3. Provide financial information: Income, employment, Social Security number.

  4. Review and submit application: Carefully review all details before submitting.

  5. Credit check: American Express will perform a credit check to determine your eligibility.

  6. 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
American Express Gold Charge Card

The American Express Gold Charge Card is a strong contender for frequent diners, grocery shoppers, and occasional travelers who appreciate luxury perks and lounge access. Its high rewards on key categories combined with travel benefits and lifestyle privileges make it a valuable option for those who can maximize its potential and offset the annual fee. However, the charge card nature and lower base rewards rate might not be ideal for everyone.

Abhijeet Saxena

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

Fees & Charges
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