My HONEST Amex Gold Card Review (After 3 Years)
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- Опубликовано: 2 авг 2024
- 💳 Learn More About The Amex Gold Card: danielbraun.me/Amex-Gold
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In this video I’m doing an Amex Gold Card review after using this American Express credit card for 3 years now. The Amex Gold Card has been one of my favorite credit cards for a long time because it’s got a lot of valuable features and benefits. To me, the Amex Gold is worth it for the $250 annual fee, but it will not be worth it to everyone unless the things I talk about in this video relate to you as well.
First of all, the American Express Gold Card has a great sign up bonus that can range from 60,000 to 90,000 Amex Membership Rewards Points. It also has some of the best spending multipliers out of any credit card on the market because it earns 4 Amex points per dollar on restaurants and groceries, as well as 3 Amex points per dollar on flights. With all of these ways to earn points, there is a lot of value that you can get out of the Amex Gold Card!
This Amex credit card also has $240 worth of annual credits with Uber and select dining partners. These credits can help to almost completely offset the $250 annual fee for some people, but you have to make sure that they are actually valuable to you before you get the Amex Gold. For me, I have been able to use almost all of my Uber credits and roughly half of the dining credits over the past 3 years of using this American Express card.
The Amex Gold Card also has the ability to transfer your credit card points out to many great transfer partner programs for hotel stays and flights. This is the best and most valuable way to use your Amex Membership Rewards Points because other redemptions could devalue your points. I would avoid redeeming your points for cash back with the Amex Gold card, and this video explains why.
Overall, I would say that the Amex Gold Card has been worth it for me after 3 years of using it. I renewed this credit card again for a fourth year by paying the $250 annual fee, so now I have paid $1,000 in total to have this card in my wallet. I know that it’s been worth it for me after running the numbers for myself, so hopefully this video about my honest experience with it can help you to decide if the Amex Gold is worth it for you!
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CHECK OUT SOME OF MY OTHER VIDEOS:
▶️ Amex Gold Card - 10 Things You MUST DO: • Amex Gold Card - 10 Th...
▶️ How to Redeem Credit Card Points (US Domestic Flights): • How to Redeem Credit C...
▶️ How To Redeem Amex Points Like A Pro (Part 1): • How To Redeem Amex Poi...
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CHAPTERS:
0:00 - Intro
1:12 - Reason 1
6:07 - Reason 2
10:37 - Reason 3
#AmexGoldCard
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That’s absolutely paid off. I saved $1000 round trip for an international flight this year and 2-3 smaller trips within the US. No referral, just the points I saved up.
This is a card I'm constantly analyzing whether or not it's worth it for me or not. There are so many great options out there these days, but for me, this card continues to make sense with how high I value Amex points and how much value I get from the credits. Great stuff here Daniel!! 👊🏼
Really hard to beat those amex points lol
The Amex gold is the one card that never leaves my wallet. I use it on a daily basis and get max value from it. As always Daniel 💥
Thanks for the insights, Daniel. It’s important to pause periodically and make sure your strategy is still serving you.
The Amex Gold card is one of those cards that is GREAT card depending on who you are. With the SUB, it's always worth it in year 1 regardless of the credits. The big question is what happens after that, as you pointed out, because then it may not be worth it for some people. It definitely sounds like this card is worth it for you! Thanks for sharing your experience Daniel!!
If I cancel gold. What card should I get to keep the Amex point
@@TienTran-bi1jvyou need to keep the gold for at least a year to keep your points. The blue cash everyday is a solid alternative
@@TienTran-bi1jvYou need to keep the gold card 1 year then get an AmEx Everyday with no annual fee to keep the points
As someone that lives in a city without a car and spends mad $$ on food the AmEx gold has been pure profit for me. I got the 90k SUB, next week my gf and I are flying across the country to visit a friend, all expenses paid. Thanks for your content Daniel!
I eat a lot.. So yeah the Amex Gold Card is still a no-brainer for me despite some increased competition recently. Super easy to earn points with those Food-related Point Multipliers, and when you have those points, like you mentioned having Amex Points really opens the door to some fantastic travel redemptions. Great video as always Daniel!
I liked the video, I have been learning a lot from you! My only comment would be to call out also the short term additional offers that these cards have. Clearly it is impossible to plan in advance but even using 4-5 of them in a year can give significant cash back or additional points.
For me the Amex gold is a no brainer. Got the Amex gold in August and so far it’s great. I live in NYC and I Uber and order food almost once a week. The benefits are extremely easy for me to use. That Uber credit in conjunction with the Uber one benefit complimentary from the savor one card is great. I also eat out maybe 2-3 times a months so 4x back on restaurants is great. I also food shop based on what I like and not what’s on sale so I end up spending a lot food shopping.
Same, I’m a college student so naturally I eat out and uber. I always offer to put a group meal on my card 😂 and there’s a Shake Shack near campus as well as a Cheesecake
Factory in the city.
Inflation has definitely pinched the value of the Gold Card over the past few years, especially with Uber costs rising and food costs rising. The dining credits don't allow for nearly as much value now as they used to. I used to eat at the Cheesecake Factory quite a bit (or take out from there), but the portions are now half the size and price / dish way up. So, the $10 monthly credit is not nearly as valuable as it was.
Excellent video as usual. AMEX definitely tightened up their requirements, etc.
I’m on my 3rd year with this card, it’s still worth it for me. Dining credit alone. However, you just have to remember to use it over another card to get your $10 statement credit. 😅 I do wish they would increase their dining partners tho. 🤦🏽♂️
I would have kept this card in my back pocket in case I needed up rack up some quick points, but after they changed the T&Cs, I have to get this one first so I can then get the Plat bonus 😢
Definitely a card I’m gonna get and cancel after the first year as the Business Gold Card is a better option for me after the revamp.
Love your content!
- Ivan
Always love seeing the new vids! Keep grinding my guy 🙌🏼
Sitting on the sidelines watching in with this card... But sounds like this card really fits you well! Hopefully the inevitable changes to the card work out well though! Always great hearing others' experiences on cards!
Great video very good way to break the whole process down and using points correctly
Great timing for this video. Just got accepted for the Gold on Saturday for 90k points after $4k spend 👍🏽
How?
@@TheUsflow Through the Amex app “Offers tab” they had an offer for platinum 150k point and i clicked on it and it took me to their website and i clicked on the Gold card instead and they gave me that offer. I also checked the american express website thru my computer at the same time and they offered 75k points. So it really varies
@@TheUsflowI checked a few days ago and there’s a 90k bonus going on atm. Just google it.
You sure it’s not after $6k spend cause I got the same welcome offer but I think they increased the spend category
@@runforrestrun2428 Nope they dropped it to $4k for my offer
I ended up getting the Gold card early April of this year with a 90k point offer and $200 statement credit. However I don’t see myself holding onto this card for the long haul. Eyeing the Capitol One “Savor One” in the near future.
Purchase protection saved me from a lost product earlier this year. I'm keeping mine
I was able to get a pretty good retention offer in year 2 but now on year 3 I’m wondering if I can get one again.
I also got a 90K offer for $4K spend. Signed up since I’m planning a trip and need points transferred to Delta.
I wish AMEX would improve the list of retailers on the dining credit. Unfortunately none of those really make sense for me either, and that’s stopped me from getting it. But I love the bonus and earning categories, and hopefully one day that’s dining credit is a bit better!
Loved the transparency Daniel!
I just pickup Uber eats and Grubhub orders to use the credits. And if you pick them up you avoid delivery fees. You do pay a 20% premium on prices typically but you can find deals like buy one get one meals occasionally.
I had one year of monthly dining credits on my Delta card that could be used anywhere. These were the temporary credits that Amex was giving to Delta and Hilton cardholders during the pandemic. Even if the credit were easy to use, it is still a hassle to keep track of. The Bonvoy Brilliant has this same issue with the monthly $25 dining credits.
Good point! I generally would rather not have to track credits monthly, or have my card dictate where I do or don't eat. @@VincentPascual
I ended up canceling the card. The welcome bonus was great and I worked hard to get all $240 worth of credits to offset the annual fee but I just didn't think that was sustainable for the long term. The 4x on food was great but I'd prefer to get that through some other CC without the high annual fee.
Doesn’t cancelling it damage your credit score?
cancelling was a bad move unless you had like a butt load of other cards that you werent paying an annual fee for.
@@Pit-jt3lw have read in multiple places that canceled accounts stay on your report for 10 years. and since Gold is a charge card, doesn't affect credit utilization either
I was in a similar place, deliberating between Gold and SavorOne (3x on dining and groceries). I think I'm too lazy for Gold's monthly redemption model. I now have VentureX and don't regret getting SavorOne at all!
Really appreciate this. Clear to me that Savor is smarter choice in my case.
What happens to the points if I downgrade my gold card? Do they get transferred on to my new card? Will it devalue my points?
I use Expedia and booking for a lot of my traveling. Is the American Express travel portal much cheaper when booking trips?
Can u combine any perks with platinum and gold... like entertainment or uber credit if u get/have both?
Additionally, if you work for a company and receive a corporate card, you’re able to get a $100 annual credit for your membership. So instead of $250 annual subscription, it’s $150, plus the Uber credits (if you’re an active user) brings your annual membership to $10
Does the uber need to be used monthly?
Keep the content rolling Bud 💙
I eat out a lot and purchase items at grocery stories constantly…not to mention the 10$ in Uber credit per month plus getting to splurge at shake shack with 10$ credit each month too is nice. All and all the Amex gold is a card I will continue to have.
Right?! Same here.
Is there a certain card someone should be aiming for like a rewards card before they go for the Amex Gold just to get that sign up bonus first and then get the Gold? Since if you get the Gold you can go backwards
Did you get a retention offer?
I have the savor one and chase trifecta with the preferred. Would love to rack up points on the Amex gold for travel soon since I live alone and out at least once a week, still not 100% sure though because of my other cards... someone convince me
The Amex Gold card just ain’t for me. Yeah I like the SUB and the elevated categories but I basically have no way of eating (no pun intended) the annual fee. Dining credit is too limited and I don’t use Uber at all, let alone at least once a month. Not only that, I spend a bunch at Target and Walmart because it’s way cheaper so the grocery category is useless in my case. On paper this card is great for everyone but in practice is can fall apart
Same here. I would consider the card if you could use the dining credit at more restaurants (including those booked on their Resy platform). I use Lyft a lot and don't use Uber at all. Therefore, I would rather do the SavorOne for the 3x points on dining (or use a Chase Sapphire Preferred), groceries, and entertainment, and transfer the points to the Venture X.
4X on dining and grocery along with being able to transfer to Hawaiian Airlines makes the AmEx Gold a keeper for me. I am also considering the AmEx Blue Business Plus for 2x on all of my business expenses.
Finally someone who says they use their points to get to Hawaii!! I do the same!
@@runforrestrun2428 I actually live in Hawaii and fly to CA to visit my daughters who now live there.
The Amex BBP is also a great catch all card! I, for example, use the card to pay my car insurance every month and that's an easy way to earn a considerable amount of points on money you're already going to be spending.
The Gold and the BBP have been staples in my wallet and I'm currently trying to get the Resy SUB for the Platinum card, but no luck so far.
@@MrTJCM6 Nice! I will use it for business expenses to keep it separate and easier to break down for my accountant.
You were right on the money about the 325 annual credit. A true visionary lol
Also you can bring down the annual amount if your work gives a green card which brings it down to $150 a year.
Question: would it make it more worth it to get the Amex gold if I get $100 credit every year for having a corporate green card?
Would a 5000 down payment on a car (assuming I’m not not getting cc fees by the dealer and paying it off right away) count as a eligible purchase towards the sign up bonus?
Hey my friend. I’ve been thinking about this one a lot. I find the dining credit at best inconvenient, and at worst a complete loss. If I have to change my plans to get to a Shake Shack, a place I rarely went before I got the Gold, then the card is driving my life - not good. I don’t live in a city, so rarely take Ubers, and Uber Eats, even if I pick up the order is more expensive than ordering directly from the restaurant. So, I’m not getting the Amex-stated value of those credits. So, I’m leaning toward canceling at renewal time. There are too many solid options out there for food without playing Amex’s coupon game. Hope your spring/summer is going great!
how useful would you say this could be for someone in college with steady income that would benefit from the Uber and Dining credits (grubhub, shake shack). That and with the points on groceries and dining out, i could start collecting points for travel. Thoughts?
It would benefit you greatly
Thank you!
It's been 6 months for me. I got a 80K bonus but have not used any of the perks since I don't live in a big city and rarely go to restaurants. Not sure if I can get value just from the 4* grocery and I travel/fly only 1 or 2 a year for now. THinking of closing it at the end of the year and getting a Venture X, at least I would get use of the lounges which I don't get with A gold
Amex Gold is the best card out there. Only reason I have another Amex (Delta Reserve) is for lounge access. If i had my way, I would only use the gold card.
Something interesting for me is I accidentally applied on the Schwab platinum and didn’t noticed I wouldn’t be eligible for intro offer. From there they told me later when I applied for the vanilla that I wouldn’t be eligible for the platinum offer since I had the Charles Schwab card. But I got an upgrade offer for the platinum from my Gold card.
Daniel I have a beginner college student question. I applied for a capital one savor one credit card less than 24 hours ago but got a response saying I was denied, so I then applied for a discover student cash back card which was approved. after being approved by discover, I got an email from capital one saying that they ended up approving me for the savor one card as well. I know that canceling cards can negatively impact my credit score but will that still happen even if I have never activated or used any other credit card before (so my utilization ratio will remain the same)? what do you advise I do, thank you in advance!
The hard pull has already been done on your credit,so whatever you decide to do your score will drop a little
Have been a gold card holder for over 15 years, have zero thoughts of getting rid of. Customer service is top notch, I want a card that have to pay off every month, my points flew my wife and I non stop across country (MA to CA), got us a week of hotels, have protected me countless times as a consumer, gives me car rental insurance, etc.
I like trading my points to transfer partners and the using the alliance to book flights on United since I don’t like deltas new system
The amex gold is a great earner and has a low effective annual fee.....but right now i am always working on a SUB (new card every 3 months or so) so usually putting all my spend on that particular card. Because of that alone, i will likely go back to the gold card when im in the end gane.
there is no end to the game...u either quit or keep playing.
I'm here for the knowledge
This card stayed in my wallet for the first three years, but this year I did decide to close it and move to the Capital One Savor card.
The main reason for the switch is that we purchased season tickets to our local MLS team so that $11,000 using the Savor card at 4% is a pretty good benefit. I didn’t use all of the AMEX credits, and I found myself using Uber only to use the credits. And on the Savor card I get the Uber one $10 credit and then I get 10% back if I decide to use Uber. We average $1.2k monthly on groceries and between $9k-$10k a month using the Savor and Venture X combo. It's a solid setup!
Dope , what team did you get Season tickets for ?
@@victormendoza8486 RSL!
Thinking of this setup
is there a timeframe points need to be used by? or do they just keep adding up?
Points don’t expire as long as the account remains open 👍
As much as I want the Gold card I use Uber 3 months a year... so the Savor one for me. I might get the Savor for the first year though as 10k extra points is worth at least $200 for me.
Love the duck tape~~
Did I miss something? Who taped the duck?
AX Gold + BBP is my Dynamic Duo. I use $10 for Uber Eats and $10 for Shake Shack every month.
Is the amex blue card a good starter credit card too start with
I would say start with the no annual fee Amex Everyday 10K points but if you get gold and platinum then cancel them for any reason you have a place to keep your rewards
Thanks!
You’re the best!! Thank you so much for the Super Thanks!
Just got approved for the Amex Gold! Definitely going to benefit me, using the grub hub and uber eat pick up, the hotel collection from going to vegas multiple times a year, i go to cheesecake factory a lot, and fiance & i go out to dinner a lot
Recently got pre-approved for Amex Gold with 90000 welcome bonus after spending 4000$ plus 200$ hotel statement credit for the first year. Yet ended up opening CSP.
Because of having Amex BCP which gives me 6% on grocery and 3% on gas and transit and CFU which gives me 3% on dining and 1.5% on everything else opening Amex Gold was a bad decision for me since 4% on grocery and dining is not useful at all with my setup and I barely take uber or go to shake shack.
I think this is a excellent card if it’s perks work for you and you don’t have cards with similar features otherwise what I’ve seen with most of my friends is that you get it for a year or two and end up closing it cause it doesn’t make sense anymore.
So the way I’m understanding it, after 3 months, I won’t have $30 in a grubhub acct, I get $10 a month credit (which honestly is nothing for lunch nowadays) but it doesn’t roll over month by month?
Last year, I made a mistake of receiving Amex Plat first and now I am unable to get welcome bonus from Gold. Hope this changes 🤞
Happened to me last mo/NOV, a cpl weeks after they made this policy. i didnt know or would have got gold first. I will never forgive amex for this. they should allow first time plat/gold approvals to still collect the welcome bonus. i will not get another amex card again.
@@newagain9964 I agree 100% Now we are stuck with Plat lol
if I switch from the amex gold delta sky miles to the amex gold am I eligible for the sign up bonus?
No need to switch. You want to keep it so that you can have that added spending power limit with the gold card
I wonder what Amex considers a lifetime, because if it’s 80 years, then technically I claim the sign-up bonus at 81 years old?
Do I have to use the $10 Uber and $10 dinning rewards by the end of each month or can I save them all until the end of the year and use them together?
$10 per month expires on last day of the month
For military Amex waves the annual fee so does that automatically make it worth it if u don’t have to pay the $250 yearly?
For us, since we don’t get a fee it’s only positive value. No math needed lol. +$240 value. Messed up by getting platinum first so I can’t get a gold sub but since there’s no fee for us, I’m considering still getting the card regardless.
can you make a video on how to transfer points to get 2-3cents per point?
Yeah, here’s one of my most recent ones! How to Redeem Credit Card Points (US Domestic Flights)
ruclips.net/video/uIY268QxEGE/видео.html
I’ll have more videos like this coming out soon 👍
You might want to consider doing a monthly Goldbelly $10 gift card giveaway on your channel to use up your dining credit. haha
I don't think it credits for gift cards.
I got 90k and a 200$ statement credit back then :)
Is the benefits different if you live in Canada?? Because why does the website say 2X on purchases yet, everyone else says 4-5X for the gold card Amex
Yes it’s different in Canada! Credit card benefits vary by country because it’s different versions of the card
Did you get a retention offer this year when renewing?
Unfortunately no I did not
@@Daniel_Braun Did you try asking for a retention offer?
Currently have an offer for a 90,000 point Bonus with only $4,000 in 6 months req. Sounds like a prime offer after watching this vid.
Nice! If you have that offer with the higher points and lower minimum spend then it could be worth it if the card makes sense for you!
To me you have to spend $1,300 on dining purchases to make the $10 effective annual fee worth it. This is assuming you have a 4x or more grocery card like the custom Cash. You should also have the 3.3x dining category Sapphire Preferred.
This ^^^
If you eat out once a week, this card is a no brainer.
Might have to reevaluate set up if you have an electric car though
Where did you get that henley shirt?
I am not a big fan of Capitol One because they pull all 3 of the bureaus and all but 2 business cards report on your personal side which is why I will get those cards last.
I would never use up the Uber/restaurant credits, so 3% from WF or CapOne makes more sense for me.
It makes more sense for everyone. Amex gold and plat are pure scams today with how good the competition is now. Being forced to get ubereats where its costs 2x for food just for a $10 savings every month is such a joke.
Anyone know how to withdraw $0.01 per point out in cash?
Why doesn’t Amex call this the Grain card?
Hey Daniel, I told u so, stop wasting money on annual fees... Lessons Learned !
Just buy groceries with ubereats and then pickup in person. There is almost no gold card user that doesn't spend $20 combined between food+groceries per month.
Cash back in AMEX is not 0.01 for 1 point, it is actually far lower than that. 60k points translate to $360 if you were to cash back. It is a far inferior card if you intend to cash back into statement credits.
Why is no one talking about the referral program for the value Amex Gold gives you? I can easily get 100k a year in a couple of weeks referring people. That's 4 times the AF cost.
Can i use the 240 dollars given to pay the card? Thus ill only pay 10 dollars?
I was thinking the same 😅
It’s not given to you in a lump sum.
It’s a credit of $10 per month if you used the card that month for Uber or participating dining services.
So if you don’t use it during that month, you don’t get it. The credit doesn’t roll over to the next month
Amex travel has price inflation and you also have to pay a transfer fee if you transfer to Delta. Not worth it.
I think I’ll wait until I’m feeding my future kids 😂 + an elevated offer
Got that 90k bonus two months ago. Couldn't not do it.
I live right by a cheesecake factory so once a month I get a cheesecake slice it is just over $10 after tax
Very worth it for active duty military
This card is great for people that live in big cities. Uber and restaurants.
👍🏻
If this card would just give the uber and dining credits right away instead of $10 a month this card would be amazing. Too bad. SavorOne, custom cash, and a slew of other dining cards are much better.
I’ll tell you why. Amex has better customer service better transfer partners. A why to cash out points to cash.
Transferring points isn't hard; finding good awards is hard. IMHO.
You're paying for the brand of Amex Gold and Platinum if you think about other credit cards having the same benefits, if not better, with no annual fee.
Seriously the plat card should include better points for restaurants and other transits (train, bus, etc.) like who the fuck doesn’t eat and take other transits when traveling???
The Uber credit makes no sense. It's $10 a month to join, just to use get a $10 credit. Wasting time and effort for nothing.
It’s probably for two reasons - partnership with Uber (aka Uber pays them a percentage or some sort of deal) and some people don’t use the credit in full so they end up making more then they pay out
Second 😔
Can’t use it at Costco , main reason I don’t have it.
Yeah Costco and AmEx parted ways few years ago. Have you considered Citi Cards?
Because imagine your card not looking like that
Don't be fooled by the 4X points. The redemption value is only 0.7 cents per point for most purchases. So really you are only getting 2.8 cents back which may be lower after the 10 dollar fee (assuming you use 240 dollars of dining credit)
transfer partner i always do on my point and use it book hotel 5 star or flights.
where is the redemption value .7 cents per point?
I downgraded to gold,
I dont fly so this card is just useless to me i rather just go with straight up cash back cards instead.
250 bucks is less than dinner at a mid level restaurant and a movie. if thats too big stay out of the mix.