July 29, 2024
Changes to the American Express® Gold Card
Pam
Some recent changes to the American Express® Gold Card have been made. Once again, there is good news and bad news. Let’s go over the changes.
The Good News about the American Express® Gold Card
The Uber/Uber Eats and Dining Credits of $10 monthly will remain the same. However, the dining credits have different partners. For example, Shake Shack is out, Five Guys is in. Pre-enrollment is required for both credits.
You can still get a $10 credit monthly for a burger!
An $84 annual ($7/mo) Dunkin’ credit is now available. Will Jess be switching from her beloved Starbucks? (Maybe just once a month?) Enrollment is required to use this credit.
A $100 Resy credit ($50 semiannually) is also available. Evidently, certain restaurants meet this list, and you can get a credit of $50 semiannually from eating at these restaurants if you pay with your AMEX Gold Card. Honestly, I am pretty unfamiliar with Resy, but enrollment is required.
They have added a new card design—the White Gold Design. This doesn’t matter to me, but it might interest some people, although this is only a limited-time offer.
The Bad News about the American Express® Gold Card
The annual fee is increasing from $250 to annual_fees, an increase of $75. This is really disappointing as many people are tired of paying higher annual fees and not getting much for that increase.
For rates and fees of the American Express® Gold Card, See Rates and Fees; terms apply
One of the best things about the Gold Card has always been the 4% earned on grocery spending and restaurants. That is still there, but there is now a cap on grocery spending of up to $25,000 annually. This decrease might affect some households, especially large families. The restaurant spending credit had only been in the US, so it now covers international restaurants, which is an improvement. It is also limited to $50K annually now.
Bottom Line
These changes to the American Express® Gold Card are disappointing to me. I am tired of having to “find” ways to use benefits to make my annual fees worth it. When they increase the annual fee, I expect better benefit increases. If you get a great welcome offer, it might be worth trying it out for a year. However, I don’t think I will keep it since we don’t have large expenditures at grocery stores anymore and I just don’t want another benefit I have to remember doing. What are your thoughts? Will you be keeping this card?
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