Is the Amex Preferred Rewards Gold worth it in 2026?
£195/year (free the first year)
The Amex Preferred Rewards Gold earns 1 Membership Rewards point per £1. Whether it's worth the fee comes down to one question: do the perks and points you'll actually use add up to more than £195 a year? Here's what's on the table — and a free tool to work out your number.
£120/yr Deliveroo credit. Two £5 statement credits per month on Deliveroo orders of £5+. You must opt in via Amex Offers, and unused months don't roll over.
4 free airport lounge visits. 4 free Priority Pass lounge visits per card year, then £24 per visit. We value each free visit at £24 — the market rate of a paid pass.
$100 hotel credit (The Hotel Collection). Around 1,300 hotels give a $100 in-hotel credit plus an upgrade on stays of 2+ nights booked via Amex Travel. Counted at £75 per stay you actually log (fixed $1 = £0.75).
Does it pay for itself?
You need more than £195 of value a year to come out ahead. Unused perks are worth £0, so the honest answer depends on how you'd really use it: lounges you'd actually visit, credits you'd actually spend, insurance you'd otherwise buy, and vouchers you'd actually redeem. The free CCWorth adds it all up from your own answers and shows your real position — plus exactly what it'd take to break even.