The Amex Preferred Gold Card stands out primarily for its focus on dining and travel rewards. While other cards may offer cashback or lower APRs, the Amex Preferred Gold Card is ideal for those who want to accumulate points quickly in high-spending categories and use them for travel-related purchases. Additionally, the card's annual travel credit and exclusive event access give it an edge for travellers and experience-seekers.

After the first year, the Amex Preferred Gold Card has an annual fee of £140. However, many cardholders find that the travel credit, rewards, and perks can easily offset this cost, especially for frequent travellers or those who spend a lot on dining and groceries.

Membership Rewards points can be redeemed in various ways, including for flights, hotel stays, gift cards, and even statement credits. You can also transfer points to various airline and hotel loyalty programmes. The flexibility of point redemption is one of the card's major strengths, though it’s worth familiarising yourself with the best value redemptions to maximise your rewards.