American Express Gold Choices Credit Card - Compare Your Bank Overview

The American Express Gold Choices Credit Card offers all the benefits of a rewards card and a gold card combined. In addition, the  attractive interest rate on balance transfers, the high credit limit and the low annual fee make this a very popular card.

This American Express Gold Card really sells itself on the fact that you can take advantage of Choices, its award winning rewards program. With unlimited points that never expire you can use purchases you make with your card to get all kinds of free stuff.

You can use your reward points towards flights, car hire, electronic goods, hotels, gifts, movie tickets, dining, wine, or basically anything else you can think of. So, the more you use your rewards credit card the more you stand to benefit.

However, at the end of the day the rewards element of the credit card is just an add-on. When you are looking for a credit card, your first concern should be that it has affordable interest rates, reasonable fees, and all the features you need.

To start with, for a gold card, the American Express Gold Choices Credit Card offers a very competitive annual fee at just $49. And the low 6.99 per cent interest rate on balance transfers for the first six months isn't bad either. However, you should note that all monthly repayments will go towards paying off your balance transfer first, if you have one. This means that if you build up a debt on your new card, you will be paying the full rate of interest on it while all your money goes towards paying off your balance transfer.

And in truth, the full rate of interest is not cheap at 18.24 per cent. That said, you do get up to 55 days interest free on purchases so you should have plenty of time to clear your balance each month and stay in the black. Be aware though, that interest rates change and the actual number of interest free days you get depends on when you make the purchase.

Being an American Express Gold Card, you get excellent international support. If you lose your card while travelling, American Express should be able to get replacement to you no matter where you are. It also has excellent fraud protection and 'Global Customer Service'.

Getting an American Express Gold Card couldn't be easier. You can make your Amex application online and have your card within days. All you need is:

• Be over 18
• Have a good credit rating and
• Earn $40,000 a year or more.
  

If you tend to slide into the red with your credit cards, or you are looking to take advantage of a balance transfer rate, you could be better off looking elsewhere. However, if you make a lot of purchases and are good to clear your credit card balance every month, the American Express Gold Choices Credit Card could be an excellent addition to your wallet with its gold card benefits and impressive rewards scheme. 

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