Like a lot of people who carry the American Express® Gold Card, I wasn’t thrilled to see the card’s annual fee recently hiked by $75, from $250 to $325 (see rates and fees).
But make no mistake: This card is keeping its prominent place in my wallet.
The Amex Gold is my big points earner, thanks to its unmatched (in my opinion) rewards for restaurant and U.S. supermarket purchases.
I was momentarily worried to see Amex capped the card’s illustrious earning rate of 4 Membership Rewards points per dollar spent at restaurants at $50,000 annually (you’d then earn 1 point per dollar). However, a quick check of my Amex app revealed I’ve spent around $10,000 to date at restaurants — meaning there’s no way I’d come close to hitting that limit.
Amex also added an up-to-$50 semiannual statement credit for dining at Resy restaurants in the U.S. Could it be simpler to use? Sure. Will I make use of it — and more than offset the annual fee increase in the process? Absolutely.
Plus, the up-to-$7 monthly statement credit on Dunkin’ purchases in the U.S. is, for me, a highly useful perk. And enrolling for both of these credits is super easy.
Don’t carry the Amex Gold yet? Here’s another reason to consider it: Right now, new cardmembers can earn 60,000 Membership Rewards points after spending $6,000 on the card in the first six months of membership — plus 20% back (up to $100) in statement credits on eligible restaurant purchases during the first six months. That’s worth $1,300, according to TPG’s August 2024 valuations.
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