The American Express Senior Gold credit card was a Centurion Bank American Express credit card offered by, you guessed it, American Express. Notice the use of the word “was” above and that is because American Express is no longer offering this credit card. In addition, they don’t have any senior card replacements for this credit card.
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As the name suggests, this credit card was specifically designed for people over the age of 55. Seniors who already have this card can continue to keep their card, as American Express has made no announcement about closing down existing accounts.
American Express Senior Gold Card Overview
This credit card is a pay-in-full credit card rather than a revolving credit credit card. Although you can request permission to pay in monthly installments for this card, American Express can choose to refuse this request for any reason.
In addition, if you wish to use your card for a cash advance at an ATM, you must have a checking account attached to the card. Otherwise, you will be unable to get cash while using this credit card.
The annual fee for this card is $55 – $85 based on your credit score. This is not a bad credit credit card; in fact, you if you have this card then you must have great to perfect credit. If your credit score falls too low, American Express will cancel your card and demand payment in full at the time of closure.
The only transaction fee associated with this card is the 2.7% transaction fee for foreign transactions. If you use an ATM, the only fee you will get is from the bank that owns the ATM.
American Express Senior Gold Card Considerations
- This card is only for seniors
- This card is not a revolving credit card
- You have to get permission to pay over time
- American Express reserves the right to cancel your card at any time for any reason
American Express Senior Gold Card Verdict
This card is no longer available from American Express and AMEX does not offer an alternative. Pay-in-full cards aren’t for everyone and one major downside to this card is that AMEX doesn’t provide interest information should you qualify for payments over time.
You need great credit to qualify for most of American Express’ credit cards so keep track of your credit at AnnualCreditReport.com, which is the only approved site according to The Fair Credit Reporting Act.
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