What is the interest rate on an American Express Gold Card?

22 Mar 2023

The interest rate charged on an Amex Gold Card is subject to change depending on the cardholder's creditworthiness and other relevant factors. American Express assesses each cardholder's credit history, payment behavior, and other criteria to determine their interest rate stated on the monthly statement or during the card application process.

Credit card interest rates are generally determined by the issuer and influenced by several factors, such as the prime rate, the cardholder's credit score, and the card type. The prime rate, a benchmark interest rate set by banks, is utilized to establish interest rates on different loan products, including credit cards.

However, it's important to note that the Amex Gold Card is a charge card, not a traditional credit card, which means that the cardholder will pay their balance in full each month rather than carrying a balance from month to month and incurring interest charges. If you incur a balance from month to month, a traditional credit card with a lower interest rate may be a better option for you.

If you're considering applying for an Amex Gold Card, it's a good idea to check your credit score and compare offers from multiple credit card issuers to find the card that offers the best terms and interest rate for your needs.

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