American Express Gold Charge Card | Benefits Decoded - ChargePlate - The Finsavvy Arena

American Express Gold Charge Card | Benefits Decoded

Having the American Express Gold Charge Card in the wallet is a boon in itself. You keep getting attractive offers from Amex almost round the year. You also get peace of mind and feel secure when transacting with your Amex card as their credit protection includes credit monitoring, identity theft protection, credit card purchase protection, and credit insurance. Last but not the least, you feel pleasure in itself when at an outlet your swipe your Amex Card. An Amex card in your hand is an indication that you fall under that 'Genuine' category for credit cardholders.

However, though you might be aware of the difference between a Credit Card and Charge Card, I will highlight the two main differences:

  • Credit Card has a pre-set credit limit, Charge Card doesn't.
  • Credit Card allows you to have a revolving balance that you can pay off over a period of time, Charge Cards don't. You have to pay off the full amount you spend on the card each month.

With that being said, let's get into the benefits of Amex Gold Charge Card:

    Welcome Benefits

    • 4,000 Bonus Membership Rewards Points
    - Welcome Gift is available only in the 1st year on payment of the annual fee and on spending INR 10,000 within 90 days of Cardmembership

    • Discounted First Year Fee of Rs. 1,000 plus applicable taxes only
    - Annual Fee Second Year onwards: Rs. 4,500 plus applicable taxes

    • 5,000 Membership Rewards Points upon First Year Card Renewal
    - Receivable on payment of the annual fee. Points to be credited within 90 days of Card renewal

    Usage Benefits

    • Get 1,000 Bonus RPs each month on transacting your card 6 times for Rs. 1,000 or above
    • Get 1 RP for every Rs. 50 spent except for spends at Fuel, Insurance, Utilities, and Cash Txns 
    • Enjoy 0% Convenience fee on fuel purchase at HPCL for transactions less than Rs. 25,000 
    • Get Dining discounts every time you dine at select restaurant partners. Click here for details
    • Enjoy a room upgrade (if available) and a US$100 hotel credit when you stay for two consecutive nights at over 400 hotels worldwide including Hilton Hotels, Intercontinental and Hyatt Hotels
    • Enjoy services like 24X7 Card Related Assistance, Dispute Resolution, Zero lost Card liability, Emergency Card Replacement, and Two Supplementary Gold Charge Cards at no additional cost.

    Rewards Redemption

    Before jumping into redemption options, let us do a little math. 

    Say, if you spend just Rs 1000 six times a month, you will get 1000 bonus points, so 12000 points a year is your sure-shot achievement. 

    The 12k Bonus Points that your earned are in addition to the points that you accrue on your regular spendings. For easy calculation, let us assume you spent Rs 100000 in the full membership cycle. That is, Rs 1000 x 6 Times a months x 12 months sums up to INR 72000 + another INR 28000. This 1 Lac spends in a year will fetch you 2000 Regular Points.

    And then there were these 4000 points that you got as a welcome gift. So, in total you have 12,000 + 2,000 + 4,000 = 18,000 points

    With 18,000 Points, you can avail any of the following rewards from AMEX's 18 Karat Gold Collection:

    • Taj Voucher worth Rs. 9,000
    • Amazon Gift Card worth Rs.7,000
    • American Express Domestic Travel Online Voucher worth Rs. 7,000
    • Statement Credit worth Rs.6,000

    If you could accumulate 24,000 Points, then the 24 Karat Gold Collection offers you:- 

    • Taj Voucher worth Rs. 14,000
    • Tanishq Voucher worth Rs. 10,000
    • Statement Credit worth Rs. 9,000

    Well, that's not all. AMEX is the bank that is famous for its eye-popping offers, which they frequently run. With Amex Gold Charge card you will be eligible to avail such offers as well. To name a few, 'Diwali Sparkles Offer,' 'Accelerated Reward Offers,' 'Cashbacks & Discounts at online/offline portals,' etc. 

    Hence, one can conclude without a second thought that owning an American Express Gold Charge Card is totally worth it.

    If you have any questions, just drop your queries in the comment section. I try to reply to all of them to the best of my capabilities. 

    Thanks for reading !!!

    American Express Gold Charge Card | Benefits Decoded American Express Gold Charge Card | Benefits Decoded Reviewed by Rahmat on June 18, 2020 Rating: 5

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