American Express Gold card review

CNN Underscored eviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through the LendingTree affiliate network if you apply and are approved for a card, but our reporting is always independent and objective. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit to learn more.

Our quick take: The American Express® Gold Card is a foodie’s dream, allowing you to rack up plenty of Membership Rewards points with its bonus categories on dining worldwide and at US supermarkets. The popular limited-edition Rose Gold design is now back as a permanent option, and thanks to the card’s annual credits, the Amex Gold can practically pay for itself every year.


  • With up to $120 in dining credits and up to $120 in Uber Cash included credits each year, card members can effectively get and keep the card for just $10 annually.
  • Earn an industry-leading 4 points for every dollar you spend on dining worldwide.
  • Earn 4 points per dollar at U.S. supermarkets, up to $25,000 per year (and 1 point per dollar thereafter).
  • Earn 3 points per dollar on flights booked directly with airlines.


  • Credits require planning and strategy to maximize.
  • Other cards may be better for everyday purchases.
  • $250 annual fee (see rates and fees).
  • High 15.99% to 22.99% variable APR on eligible charges when you pay over time (see rates and fees).

Current welcome bonus: Earn 60,000 bonus points after you spend $4,000 on eligible purchases within the first six months after opening the account.

Best for: Points-minded travelers who spend significant money each month on dining, groceries and travel.

The American Express Gold is a standout card, largely due to its clear efforts to be top-of-wallet in a few categories that are significant to many US households. Take a look at your budget — do you spend a fair amount of your cash on food? Chances are, the answer is yes.

Amex designed the Gold Card to cater to those who spend nontrivial amounts at restaurants and on groceries, offering 4 points for every dollar you spend at restaurants worldwide and at supermarkets in the United States (up to $25,000 in purchases each year and 1 point per dollar after that). You’ll also net 3 points per dollar on flights booked directly with airlines, which isn’t too shabby.

The current 60,000-point welcome bonus — available after you spend $4,000 on purchases in your first six months of card membership — is the highest bonus offer we’ve ever seen available on this card. And those American Express Membership Rewards points are worth at least $600 when you redeem them via Amex Travel for airfare, and potentially a lot more than that with Amex’s airline and hotel transfer partners.

Also, in 2018, American Express introduced a limited-time Rose Gold design for the Amex Gold, which was so popular that it was brought back again for a short while in 2019. Now, the Rose Gold design is a permanent option for new card members. That means you can choose between either the original Gold or Rose Gold when you’re approved for the card.

But here’s the best part: When you combine the bonus with up to $120 in annual dining credits on the card and up to $120 in Uber Cash each year, American Express is literally almost paying you to hold this card.

Click here for the bonus offer on the American Express Gold card.

The biggest long-term advantage of the American Express Gold is its superior earning rate at U.S. supermarkets and restaurants worldwide. With no foreign transaction fees (see rates and fees), this should be your go-to card for dining at restaurants everywhere you go. In fact, those bonus categories are so strong that it may be worth holding this card even if you only ever use it for dining and groceries.

Given that this is very much a food lover’s card, it comes as no surprise to see up to $120 in annual statement credits are available for select dining spots as well. You can earn up to $10 in statement credits each month (so, $120 annually) when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed and participating Shake Shack locations.

But that’s only the half of it. The Amex Gold also comes with $10 in Uber Cash each month. Uber Cash can be used either for Uber rides in the US, or on food delivery orders made with Uber Eats. Add it all together, and you’re getting up to $240 in credits every 12 months. Since the Amex Gold has an annual fee of $250, if you can use all the credits, you’re effectively paying only $10 for the card each year.

And then there are the points. How much potential value can you get with the Membership Rewards points you earn with the Amex Gold? One option is to exchange points for cash in order to pay down the balance due on your statement. When you redeem that way, each point nets you 0.6 cents.

You can also shop at Amazon with Amex points at a rate of 0.7 cents apiece, or redeem for an array of gift cards or for airfare at Amex Travel at 1 cent per point. Plus, Amazon sometimes offers additional discounts on purchases when using Amex points to pay for even a part of your order.

But while the above options are easy — and yes, it’s important to have easy options — savvy travelers will want to utilize Amex’s 21 transfer partners for remarkable redemptions. Amex has partnerships with myriad hotels and airlines, enabling Membership Rewards points to be used for travel that would be prohibitively expensive if paid for in cash.

Amex also includes a baggage insurance plan on the Gold Card, covering eligible lost, damaged or stolen baggage when you purchase the entire fare for a plane, train, ship or bus ticket with the card. In addition, you’ll receive secondary car rental loss and damage insurance for most vehicle types and in most countries.

And the Amex Gold also comes with trip delay insurance, meaning if your trip is delayed more than 12 hours due to a covered reason, you can earn up to $300 in unexpected expenses reimbursed.

A couple of overlooked-but-useful perks: American Express cardholders are often eligible for early access to tickets through Ticketmaster. Getting a head start on ticket sales might be the difference between an enviable seat and a chair in the nosebleeds.

Also, Amex Offers have been quite stout as of late. This is a rotating selection of discounts, covering everything from clothing to tax preparation software to travel. Those who make a habit of watching new ones pop up can save hundreds per year on purchases they were planning to make anyway.

Earn almost as much in annual credits as you pay for the American Express Gold card.

The American Express Gold is a specialized card. Beyond dining, supermarkets and airfare, you’ll earn only 1 point for every dollar you spend on everything else. This means the card works best when paired with a card like our benchmark credit card, the Citi® Double Cash Card, for purchases that don’t fall into the Gold Card’s bonus categories.

While the included credits are worth almost as much as the annual fee each year, they take a bit of strategy to use. The credits are capped at $10 per month, so you can’t just use them in one fell swoop. Plus, the list of eligible restaurants is small. If you live in an urban area where Grubhub and Seamless are available, utilizing this credit becomes easier. But if you don’t, maximizing the dining credit can be a challenge.

Also, while this won’t impact many families, the 4x return at U.S. supermarkets is capped at $25,000 per calendar year with the Gold Card. If you spend more than that on groceries in a year, you’ll earn just 1 point per dollar after that.

Finally, it’s worth mentioning that Membership Rewards points take some studying and effort to really maximize. Managing transfer partners and dealing with dynamic award charts may feel like too much work for many, and you can’t easily transfer Amex points to friends who may view this as a hobby. If you’re looking for travel rewards that are easier to redeem, you’ll likely want to pick a card like the Capital One® Venture® Rewards Credit Card or Chase Sapphire Preferred® Card as an alternative.

CNN Underscored has chosen the Citi Double Cash card as our “benchmark” credit card. That doesn’t mean it’s the best credit card on the market — rather, it means we use it as a basic standard to compare other credit cards and see where they score better, and where they’re worse.

Here’s how the Amex Gold scores against our benchmark. The features of each card in the below chart are colored in green, red or white. Green indicates a card feature that is better than our benchmark. Red indicates the feature is worse than our benchmark, and white indicates the feature is either equivalent or cannot be directly compared to our benchmark.

Citi Double Cash Card American Express Gold Card
Card type Mastercard American Express
Sign-up bonus None 60,000 points after spending $4,000 in the first six months
Earning rate 2% on all purchases (1% when you buy, 1% when you pay it off) 4 points per dollar on dining worldwide, 4 points per dollar at U.S. supermarkets up to $25,000 per year (1x thereafter), 3 points per dollar on airfare booked directly, 1 point per dollar on all other purchases
Redemption value 1 cent (cash back) Up to 1 cent per point when booking through American Express Travel, 2.0 cents per point for transfers*
Ease of basic redemptions Easy Easy
Advanced redemption options Can convert cash back to ThankYou points that transfer to 16 airline partners if you also have the Citi Premier℠ or Citi Prestige® Yes, transfer to 21 airline and hotel partners
Quality of advanced redemptions Good Great
Annual fee $0 $250
Foreign transaction fee 3% 0%
Travel perks None None
Purchase protections None Purchase Protection, Return Protection, Extended Warranty
Travel protections None Secondary Auto Coverage, Trip Delay Reimbursement, Lost Baggage Insurance
Other perks None Up to $120 in annual dining credits and up to $120 in annual Uber Cash
Introductory APR on purchases None None
Length of introductory APR on purchases N/A N/A
Introductory APR on balance transfers 0% None
Length of introductory APR on balance transfers 18 months N/A
Introductory balance transfer fee 3% or $5, whichever is greater N/A
APR after intro period ends/standard APR 13.99%-23.99% variable 15.99%-22.99% variable (pay over time)
* Based on point valuations calculated by frequent flyer website The Points Guy.

When reviewing other credit cards, we use this format and these criteria to compare them with our benchmark. You can read our credit card methodology for more details on what we take into account when it comes to perks, protections and redemption value.

Start earning bonus points at restaurants and U.S. supermarkets with the Amex Gold card.

For foodies, there’s one other notable credit card to consider: the Capital One® Savor® Cash Rewards Credit Card. This cash back credit card has a $95 annual fee and offers unlimited 4% cash back on dining, entertainment and eligible music and video streaming services, 3% cash back at grocery stores and 1% cash back on all other purchases. If you prefer cash back over travel points or miles, the Savor card may be the way to go — particularly if you can’t easily leverage the annual credits on the Amex Gold.

However, while cash back is infinitely more flexible than travel rewards — you can spend cash anywhere — you also can’t increase the value of cash back the way you potentially can with points or miles. Membership Rewards points can be used with Amex’s transfer partners to score premium trips for much less than you’d normally pay in cash, effectively increasing the value of your points when you redeem them.

Also, although it may not be immediately apparent, folks who are fond of the bonus categories on the Amex Gold should also look at the Hilton Honors American Express Surpass® Card. With a $95 annual fee, this card earns 6 Hilton Honors points for every dollar you spend at U.S. restaurants, U.S. supermarkets and U.S. gas stations.

But keep in mind that points aren’t all created equal. According to the point valuations of frequent flyer website The Points Guy, American Express points are worth 2 cents apiece, while Hilton points are only worth 0.6 cents each. That makes 4 points on the Amex Gold worth 8 cents, while 6 Hilton points are worth just 3.6 cents.

The American Express Gold is a must-have for those who know they’ll spend heavily at restaurants and U.S. supermarkets, and who also have the patience to maximize their Membership Rewards points through Amex’s transfer partners. While cards like the Capital One Savor have a lower annual fee and no hoops to jump through to redeem your cash back, the 60,000-point bonus on the Amex Gold and credits that can be worth almost as much as the annual fee make it the winner right now.

So if you’re looking to redeem credit card rewards for exotic travel, and you spend a lot of your time eating in or dining out, the Amex Gold could be a great fit for you. And if you decide it’s a card that should be in your wallet, make sure to grab it now and get it with the highest welcome bonus offer we’ve ever seen for it, and credits that make the card almost pay for itself.

Learn more about the American Express Gold Card.

Find out which cards CNN Underscored chose as our best credit cards currently available.

Get all the latest personal finance deals, news and advice at CNN Underscored Money.

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