American Express Gold Dunkin Donuts $7 Monthly Credit - Everything To Know - Doctor Of Credit (2024)

FAQs

What is the average credit limit for the American Express Gold Card? ›

The average credit limit for members who have matched with this card or similar cards is $14,164, with $5,000 being the most common. The American Express® Gold Card does not have a traditional credit limit and was compared to similar premium cards.

Amex Gold Card credit score

A FICO® Score of 670 or higher is recommended to apply for the American Express® Gold Card, as it's intended for consumers with good and excellent credit.

In most cases, you need at least good credit to get approved for an American Express card, which FICO typically defines as a score of 670 or higher. Other banks also issue American Express cards.

Is it hard to get an Amex Gold Card? It is hard to get the American Express® Gold Card because you will need good to excellent credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.

Also, the CREDIT card has a limit, which is called the “credit limit”. At American Express, the minimum credit limit is $1,000. In general, a limit of $10,000 will be the one granted to you based on your record. You may very well have a higher limit like $20-30,000.

Fortunately, credit cards don't need to be paid off in full every month. You can carry a balance at the expense of interest charges.

The easiest American Express cards to get are those that require a minimum of good credit for approval as opposed to excellent credit only. The Blue Cash Everyday® Card from American Express and the American Express Cash Magnet® Card are two of the easiest Amex cards to get because they only require good credit.

American Express doesn't disclose a minimum income requirement for the Gold Card or any of the best American Express cards for travel. It's best to apply when you know you can afford the $325 annual fee (See Rates & Fees) and the monthly balance and can satisfy the welcome bonus spending requirements.

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.

Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

Is it smart to get a American Express card? ›

American Express is one of the leading card issuers in the United States. It's known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.

Although the American Express® Gold Card and the American Express® Business Gold Card don't come with the ability to enter lounges, it does provide a variety of other benefits. While most of these are food-focused, the card does offer some decent travel insurance, including trip delay insurance. Terms apply.

The Amex Gold is a valuable option for U.S.-based customers who spend heavily on dining and groceries at U.S. supermarkets and are looking for an in-between, "premium-lite" card that offers good returns without a hefty price tag.

The Amex Gold also has impressive earning categories: 4 points per dollar at restaurants (on up to $50,000 in spending per calendar year, then 1 point per dollar) 4 points per dollar at U.S. supermarkets (on up to $25,000 in spending per calendar year, then 1 point per dollar)

No Pre-set Limit: This is a Charge Card that comes with 'no pre-set' limit, which means you have an unlimited spending limit. Your transactions get approved based on your finances, credit record, spending pattern and account history.

Yes, the American Express® Gold Card builds credit, since American Express reports your account information to all three major credit bureaus each month. Making on-time payments and keeping your balance low will improve your score. On the other hand, missing payments and maxing out your limit can hurt your credit.