Is the Amex Gold Card worth the annual fee?
The American Express® Gold Card It has received a lot of attention for its aesthetics, topping our list of the best cards available. It’s also been hailed as an ideal dining card for categories that earn dining-related rewards and statement credits.
At first glance, the Amex Gold’s annual fee is $325 (see prices and fees) may seem high. However, this card has some impressive rewards, credit, and insurance benefits that make it worth it for many people.
The card has been was renewed at the end of July with a few new changes, including an increased annual fee, added statement credits, and new limited edition colors.
Here’s what you need to know to determine if this card is the one for you. good choice for you.
Welcome Bonus
Present, Amex Gold offers a welcome bonus of 60,000 Reward Points after spending $6,000 on purchases in the first six months of card membership. Plus, new card members will get 20% back in statement credits on eligible restaurant purchases (up to $100).
According to TPG July 2024 valuationThis reward is worth up to $1,300.
You should also check CardMatch Tool to see if you qualify for a higher discount. Note that these discounts are subject to change at any time.
This welcome bonus will add a lot to the card first year value because you can get great value from your points by transfer them to one of American Express’ travel partners. The Amex Gold card welcome bonus is a great start to your membership rewards arsenal.
However, with American Express’ one-time lifetime bonus rule, it’s important to make sure you get the best deal on the Amex Gold.
Daily News
Reward your inbox with the TPG Daily newsletter
Join over 700,000 readers to get the latest news, in-depth guides, and exclusive offers from TPG experts
Related: How to redeem American Express Membership Rewards points for maximum value
Earn points
Whether you’re dining out or cooking at home, this card will help you earn some great rewards on your grocery purchases. This card earns 4 points per dollar at restaurants around the world (up to $50,000 per calendar year, then 1 point per dollar) and 4 points per dollar in the U.S. supermarket ($25,000 maximum per calendar year, then 1 point).
As of July 2024 by TPG valuation For every 2 cents worth of Amex points, you’ll essentially get 8% cash back on spending at restaurants and supermarkets.
You’ll also earn 3 points per dollar on flights booked directly with an airline or Amex travel portal. You’ll get better returns on flights through some other cardsbut this is a pretty decent reward if you don’t have another card that can earn more.
Related: When You Should (and Shouldn’t) Use Your Amex Gold
Credit report
In addition to the dining earning structure, this card also comes with two different types of value Credit You can use it to place an order.
First, you’ll get up to $10 in monthly statement credits when you use Amex Gold to pay at Dining partners involvedincluding Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys (up to $120 per calendar year). Registration required and terms apply.
You’ll also get up to $10 in Uber Cash every month, which you can use for Uber Eats or Uber Ride in the United States (up to $120 per calendar year).
Add your Amex Gold as a payment method in the Uber app to receive this benefit. The credit will then be deposited into your account as Uber Cash each month. You must download the latest version of the Uber App and your eligible American Express Gold Card must be the payment method in your Uber account. Registration is required and terms apply.
Additionally, you will receive up to $100 per calendar year in Credit Resysplit into two $50 bi-annual credits. To use these credits, all you have to do is pay your bill with your Amex Gold card at a restaurant that’s enrolled in Resy—no reservation required. Registration required and terms apply.
Finally, you’ll get up to $7 in monthly statement credits when you use your Amex Gold card at Dunkin’ Donuts (up to $84 per calendar year). You must apply and terms apply.
None of these credits roll over and must be used within the allotted monthly or two-year time frame. If you max out these credits, you’ll get a value of $424 annually. This easily covers the annual fee, and you’ll earn generous rewards in the process.
Related: What to do when you receive Amex Gold
Other benefits
The Amex Gold The impressive earnings structure and statement credits aren’t the only ways to get value from it. The card also has a number of benefits that can make traveling easier.
When you use your card to book a stay of two nights or more through Amex’s The Hotel Collection, you’ll receive an on-site credit of up to $100 toward eligible activities. Eligible activities vary by property but may include perks like spa treatments or dining.
You will also be covered if something goes wrong during your trip as this card comes with lost luggage insurance*, trip delay insurance** and rental car insurance*** when you use it to pay for your travel expenses.
In addition to these travel benefits, you will also receive purchase protection and extended warranty on purchases made with this card. Terms and conditions apply.*
Hopefully you won’t need to take advantage of any of the protections that come with your Amex Gold card, but you’ll have the peace of mind knowing you’re covered if something goes wrong.
*Benefits and eligibility vary by card. Terms, conditions and restrictions apply. Visit americanexpress.com/benefitsguide for details. Policies are backed by AMEX Assurance Company.
**Eligibility and benefits vary by card. Terms, conditions, and restrictions apply. See americanexpress.com/benefitsguide for details. Policies are underwritten by New Hampshire Insurance Company, an AIG company.
***Conditions and benefits vary by card. Not all vehicles or rentals are covered and geographic restrictions apply. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company. Coverage is provided through American Express Travel Related Services Company, Inc.
Related: 4 Amex Gold Benefits We Love But Few Know About
Last line
The Amex Gold The $325 annual fee is a significant expense if you can take advantage of all the credits and benefits this card offers.
If you rarely eat out or travel, we recommend calculating how much you could earn using the Amex Gold to decide whether it’s worth adding to your wallet. If your lifestyle includes a lot of eating out, ordering in, and cooking at home, you’ll likely get enough value from this card to easily justify its annual fee.
To learn more, see Full review of Amex Gold.
Register here: American Express Gold Card
Related: Amex Gold vs. Amex Green: A Popular Product vs. an Underrated Option
For Amex Gold Card rates and fees, click This.
