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TheValu's Breakdown of The American Express Gold Card
The Amex Gold Card is ideal for high spending foodies.
Although it carries a high annual fee, The Gold Card offers a generous reward system. Card users earn 4 points per dollar spent at super U.S. supermarkets and restaurants on up to $25,000. Card users also receive a $120-a-year dining credit, a $100 airline fee credit on top of many other perks.
- For certain categories, reward rates are quite high (4x points at U.S. supermarkets and restaurants, 3x pinots on flights booked on amextravel.com, and 1x points on all other purchases)
- $120 a-year dining credit
- $100 airline fee credit and hotel upgrades and credits
- No foreign transaction fees
- Transfer partners
- Amex isn't accepted at as many locations as Visa or Mastercard.
- $250 annual fee
- No lounge membership
American Express Gold Card Rewards
With Amex Gold Card offers the greatest number of point-earning opportunities compared to other American Express Credit Cards.
How to Acquire Rewards
You will be able to earn 4 Membership Rewards points for every dollar you spend at U.S. supermarkets and restaurants for up to $25,000, then 1x points. You can also earn 3 points per dollar on travel booked through the American Express Travel portal. You can also earn 1 point per dollar on all other purchases.
Using your rewards
1 American Express point can be redeemed for a value of 1 cent. Card users can apply their points for a statement credit, apply their points during checkout at select merchants or redeem points on a prepaid gift card. Amex points can also be redeemed for travel at a 1:1 value.
Amex Gold Card Benefits
The card features benefits for dining, airline, and hotel purchases.
Up to $120 annually in dining credits. This is a perfect benefit for foodies. You can earn up to $10 in statement credits every month on eligible Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and eligible Shake Shack purchases.
Airline Fee Credit
$120 Airline Fee Credit. With this perk, you can be reimbursed for multiple in-flight costs, including checked baggage or refreshments.
By booking a minimum of a two night trip through American Express Travel, you can choose from 600+ eligible properties and get up to a $100 hotel credit. You may also possibly get a room upgrade.
Travel and shopping features
The American Express Gold Card also offers a variety of useful travel and shopping features, including:
- The Pay It Plan It and Pay Over Time alternate payment programs
- Travel and shopping protection (car rental loss, baggage insurance, trip delay insurance and damage insurance, extended warranty coverage, and purchase protection)
- A free ShopRunner membership and access to the preferred seating program for Ticketmaster events
Amex Gold Card Rates and fees
You can quickly cover the $250 annual fee with frequent dining and spending at supermarkets. Spending only $261 in any combination of the 4x-point bonus categories will cover the annual fee.
Besides that, there are no other hidden fees like foreign transaction fees. And since it isn’t a traditional credit card. There is a 15.99% to 22.99% variable ongoing APR for any balance carried monthly.