American Express® Gold Card: rewards, caps and exclusions
The American Express® Gold Card pays about 0.67% on Bills, on the first ₹5,00,000 of spend a month, and 0.67% on everything else. Below is every rate, cap and exclusion in American Express's published terms, as we last checked them on 9 October 2026.
What it earns
≈ marks a rate paid in points, valued at ₹0.33 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.
What earns nothing
Spend in these categories earns no rewards on this card, however it is paid for:
- Fuel (since 12 June 2025)
- Insurance premiums
- Cash withdrawals and fees
Milestones
In American Express's own words:
- Earn 1,000 bonus points on 6 transactions of ₹1,000 each every calendar month. → 1,000 MR
- Earn 5,000 Membership Rewards points when you renew your Card in the first year and pay the annual membership fee. → 5,000 MR
Fees
- Annual fee: ₹4,500, plus 18% GST
- Joining fee: ₹1,000
Welcome benefit: 4,000 bonus MR on paying the joining fee and spending ₹10,000 within 90 days.
Where this comes from
Transcribed from American Express's own documents and checked against them on 9 October 2026:
- product page, americanexpress.com
- MR Programme T&C, americanexpress.com (PDF)
- Schedule of Fees updated 31 Aug 2025, americanexpress.com (PDF)
Banks change these terms, sometimes with a month's notice. If a figure here disagrees with American Express's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.
Hold this card?
We know this card's rules, but we don't read American Express's mail yet, so the audit can't check your swipes on it. Which banks we read
Other American Express cards
≈3.33% on Select brands
American Express SmartEarn™ Credit Card≈5% on 10X: Flipkart, Uber, BookMyShow, Ajio, Nykaa, PVR, BlinkIt, Myntra, 10X: Zomato and EaseMyTrip
American Express® Platinum Reserve℠ Credit Card≈0.66% on everything else
American Express® Platinum Travel Credit Card≈0.4% on everything else