Consumers who have good credit and the ability to pay the balance in full each month might be interested in the American Express® Preferred Rewards Gold Card. This charge card has no pre-set spending limit, but it carries a pricey annual fee, which is waived for the first year. Card holders will be awarded bonus rewards points with their first purchase using the card, and they will gain access to the American Express Buyer Rewards Program where they can earn travel rewards and tickets to exciting entertainment events through the Gold-Card Events program. Every dollar spent on regular purchases earns points in the Preferred Rewards program.

There is no liability to the card holder for unauthorized purchases made using the card, a Buyer's Assurance Plan, which extends U.S. warranties, the Return Protection program offers refunds to card holders when merchants refuse to take purchases back, and the Purchase Protection Plan, which protects certain purchases from theft or accidental damage for up to 90 days.

When used for travel this card has great features such as lost luggage assistance, access to the GlobalAssist Hotline, emergency check-in service, which allows card holders to check into the hotel where they have made reservations even if their card has been lost or stolen. Also, when booking travel through the American Express Travel Service, card holders will receive cash credits to their account.

This card is best for those who have the ability to pay the charges in full each month and pay the annual fee. The excellent rewards program makes the American Express® Preferred Rewards Gold Card a good choice.