See the AMEX Gold Card review to find out if the American Express Gold Credit Card is worth it in 2023 and if the benefits outweigh the cons.
Video Credit: Daniel Braun’s Youtube Channel
AMEX Gold Card Review
If you’re looking for a low-cost credit card that offers some benefits, the Amex Gold Card might be the one for you.
The Amex Gold Card is a 0% intro APR on purchases and balance transfers for 12 months. This card has no annual fee, but you will pay a 3% foreign transaction fee when you use it overseas.
You can also sign up by visiting an authorized dealer, like Capital One Bank or Chase Bank® locations nationwide. After applying, you’ll be contacted about how to activate your new membership plan.
The American Express Gold Card is a card that rewards you for traveling and eating out. You can earn up to 5X Membership Rewards points per dollar on flights booked directly with airlines or with American Express Travel, as well as at restaurants, hotels, car rental agencies, and more.
The card also comes with an annual fee of $250, which is waived if you spend $2K in the first three months of opening your account.
The card comes with a great welcome bonus and offers perks beyond what other cards offer. In this article, we’ll explore why this card is such a good choice for travelers who want to earn rewards points on their spending while also saving money on fees.
The American Express Gold Card comes with a great welcome bonus.
The card comes with a great welcome bonus. It’s worth 50,000 Membership Rewards points, which can be redeemed for travel awards like airfare and hotel stays. If you save the points for gift cards or other items, they will convert into cash back at an average rate of 1:1 (meaning one point equates to one cent).
The bonus is valid for 60 days after your first purchase on this card, and no annual fees are associated with this offer.
The Good about the AMEX Gold Credit Car
Here are some of the good things about this card:
· $250 in airfare credit. With this perk, you can get up to $250 in airfare credits per year by making a purchase on your Amex Gold Card that includes an eligible flight. The only requirement is that you book your flight within 90 days of making the purchase—and then use it by December 31st of that same year.
· 4X Membership Rewards points on worldwide dining and travel purchases made directly with restaurants, hotels, and other providers (excluding car rentals). This means you’ll earn 4x points when eating out at places like Olive Garden or Cracker Barrel; staying at hotels; booking flights through American Express Travel Marketplace; buying tickets online through Amex Travel Service; renting cars from Hertz or Avis Rental Car Services (other rental car companies may also be included).
Plus, there’s no cap on how much money you can earn from these purchases! That’s cool, considering most other cards limit how many reward points they’ll give each month/year. So if someone wants their cardholder base bigger than theirs, gets limiting their ability for growth due to more than just having high spending habits as others do?
$250 in airfare credit for the American Express® Gold Card
The card also offers a $250 travel credit that you can use to buy tickets for yourself or others. You can redeem this gift card in any amount, but it must be used with eligible purchases made with your Amex Gold Card.
To qualify for the travel credit, you must make at least three eligible purchases within 90 days of signing up for this card (including flights). Once redeemed, the funds will appear on your statement within 60 days after they’re processed by American Express® Travel Service Company (ATS), located in Columbus.
4X Membership Rewards on worldwide dining and travel – AMEX Gold
With the Amex Gold Card, you’ll earn 4X on worldwide dining and travel. This includes all airlines, hotels, rental cars, and taxis (though not Uber). You’ll also get 3X on airfare purchased directly from airlines and 2X at most other places (including restaurants).
The card also offers 3% back on all purchases in the U.S.—which means you can use it at grocery stores.
3X Membership Rewards on flights out of the U.S. – AMEX Gold
One of the most significant benefits of the Amex Gold card is its ability to earn 3X Membership Rewards points on flights out of the U.S. This means you can get a 25% bonus on all points earned with this card and use them to pay for flights, hotels, car rentals and cruises.
Another great feature of this card is that it gives access to airport lounges when flying through American Airlines or Alaska Airports. You’ll have access to these lounges in major international cities like London (Heathrow), London City Airport, or Los Angeles International Airport, as well as domestic airports like San Francisco International Airport (SFO).
1X Membership Rewards everywhere else
Membership Rewards points are the currency of the Membership Rewards program. They can be redeemed for airfare, hotels and car rentals, cruises, and even gift cards. You’ll earn 1 point per dollar on eligible purchases — including everything from your morning coffee to a $100 dinner at a restaurant near you — with no annual fees attached.
25% airline bonus
The Amex Gold Card offers a 25% bonus on miles earned from flights, spending, and using the points you earn from Amex Offers.
This means that spending $1,000 on your card in a single year will give you one extra mile for every dollar spent—excellent news for people who like to travel often!
You can earn up to a $120 dining credit annually.
You can earn up to a $120 dining credit annually. If you spend $120 at restaurants, bars, or lounges in the U.S., you can use your Gold Card for up to $120 of that expense. The best part about using this card is that it applies even if you’re traveling overseas!
The dining credit works like this: If someone buys drinks for you at an airport bar and then charges your room on their room key (if they are staying at another hotel), they should apply the total value of their drink order against their bill instead of just part of it—which means that both parties benefit from using Amex Platinum cards abroad since American Express has partnered with airlines such as Emirates Airline so travelers can enjoy discounts on flights when they use one type of card abroad.
One year of complimentary Door Dash Pass membership ($9.99 per month value)
This Amex Gold Card perk is incredible if you’re a frequent DoorDash user. If you order from the same restaurant or chain more than once a month, it will be free for your first delivery from that chain every single month.
This can be great when you want to order from a restaurant but don’t have time or money now and don’t want to pay up front. Use the complimentary membership at checkout, and it’ll get billed back to your card account with no extra fee!
No foreign transaction fees
Amex Gold Card is good for international, business, and student travelers.
The card offers no foreign transaction fees, so you won’t be charged any extra for using the card when traveling outside the U.S. or Canada. This is especially helpful if you’re planning on traveling internationally, as many cards charge a fee for each purchase made at an overseas store (even if it’s just minor purchases like snacks).
It has a lot of features that seem to make it worth having.
With this card, you can earn many Membership Rewards points, but it’s not the easiest. The $250 airfare credit is excellent, and you also get 4X Membership Rewards on worldwide dining and travel.
The bonus category for this card is “maritime travel.” This means that you’ll receive 3X points on all maritime purchases (including cruises), which is pretty good if you’re looking for ways to maximize your earning potential on cruises.
The Amex Gold Card is a great card to have. It has many benefits, including airline rewards and dining credits. If you spend a lot of time traveling, this card could be worth it for your lifestyle.
The Amex Gold Card is a great card to consider if you’re looking for something that can help you earn points, which can be transferred to various other cards. While the annual fee is relatively high, it’s waived for the first year, and there are plenty of other perks, like free checked bags on specific airlines and priority boarding privileges!
I am not a financial advisor and This is NOT financial advice.
Please use any financial service at your own risk.
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