American Express Preferred Rewards Gold card
🇪🇺 Europe · American Express

American Express Preferred Rewards Gold

UK spenders who want Membership Rewards points with a free first year.

4.6 / 5
Joining fee
£0
Annual fee
£195
Top reward
1%
Min income
£20,000

External link to American Express’s own application page.

The American Express Preferred Rewards Gold costs £195 a year. It earns 1% on all spends. These figures are from our catalog and have not yet been re-verified against the issuer.

5-year value calculator

How much American Express Preferred Rewards Gold actually pays you over time, net of annual fees.

£1,500

Includes 40% in this card's boost category, 60% general spend.

Annual rewards£180
Annual fee−£195
Cumulative net value
£-75
over 5 years
Year 1
£-15
£-15/yr
Year 2
£-30
£-15/yr
Year 3
£-45
£-15/yr
Year 4
£-60
£-15/yr
Year 5
£-75
£-15/yr
Year 1 (with bonus)
£-15
Year 2+ (steady state)
£-15/yr

Estimates use the card's published rates and a 40/60 boost-vs-general split. Real returns vary with how tightly your spend matches each card's boost categories.

What does the American Express Preferred Rewards Gold earn?

What you earn back, by category.

Everything else
1%
📈
🎁
Welcome bonus

20,000 Membership Rewards points after £3,000 spend in three months

What do you get with the American Express Preferred Rewards Gold?

  • 1 Membership Rewards point for every £1 spent
  • Annual fee £195, £0 in the first year
  • Points transfer to airline and hotel partners

Who qualifies for the American Express Preferred Rewards Gold?

These are guidelines, not hard cutoffs. Banks frequently approve below the listed income if your credit is healthy.

Min annual income
£20,000
Self-employed
Eligible

What people say about the American Express Preferred Rewards Gold

Real answers from readers. No login, and nothing here affects our scores.

American Express Preferred Rewards Gold FAQ

›What is the American Express Preferred Rewards Gold annual fee?

The annual fee is £195 (joining fee £0).

›What does the American Express Preferred Rewards Gold earn?

It earns 1% on all spends.

›What income do you need for the American Express Preferred Rewards Gold?

The stated minimum income is £20,000 a year. Banks treat this as a guideline, not a hard cutoff.

›What is the American Express Preferred Rewards Gold welcome bonus?

20,000 Membership Rewards points after £3,000 spend in three months.

›Are these American Express Preferred Rewards Gold figures verified?

These figures are from our catalog and have not yet been re-verified against the issuer.