Amex Gold Card - Still Worth It in 2023?

TL;DR

The American Express Gold Card offers a 60,000 point bonus, valuable rewards, and monthly credits, making it a great option for food and grocery spending.

Transcript

so this year in my hand is the American Express gold card and although so far for this year there hasn't been too many changes I'll tell you this there's been a whole bunch of new cards released onto the market with the increase in competition it makes me also wonder whether or not the American Express gold card can still hold the title of being th... Read More

Key Insights

• 🍽️ The American Express Gold Card offers an attractive welcome bonus and valuable rewards for dining and grocery spending.
• 💳 Flexible redemption options make American Express a top choice for credit card rewards.
• 💳 The card provides additional value through monthly credits for dining and Uber services.

Questions & Answers

Q: What is the welcome bonus for the American Express Gold Card?

The card offers a 60,000 membership reward point bonus after spending $4,000 within the first six months, which can be redeemed for cash back or travel rewards.

Q: What are the main spending categories that earn extra points with the American Express Gold Card?

The card provides 4X points on restaurant and food delivery purchases, 4X points on U.S. supermarket purchases (up to $25,000 per year), and 3X points on flights booked directly with airlines.

Q: What are the monthly credits offered by the American Express Gold Card?

Cardholders receive a $10 monthly dining credit for purchases made through GrubHub, Gold Belly, and eligible restaurants, as well as a $120 Uber Cash credit ($10 per month) for Uber Eats or Uber rides.

Q: Who is the American Express Gold Card best meant for?

The card is ideal for those who frequently eat out, order food delivery, or spend a significant amount on groceries. It is also suitable for people who value flexible redemption options.

Q: Who is the American Express Gold Card not best meant for?

The card may not be suitable for individuals who are frugal, don't want to pay an annual fee, or have a limited budget for dining and groceries. It may also not be necessary for those who already have no annual fee cards with competitive rewards.

Summary & Key Takeaways

• The American Express Gold Card offers a 60,000 membership reward point bonus after spending $4,000 in the first six months, which can be worth $600 in cash back or even more in travel rewards.

• The card provides 4X points on restaurant and food delivery purchases, 4X points on U.S. supermarket purchases (up to $25,000 per year), and 3X points on flights booked directly with airlines.

• The card also offers monthly credits of $10 for dining purchases made through GrubHub, Gold Belly, and other eligible restaurants, as well as a $120 Uber Cash credit ($10 per month) for Uber Eats or Uber rides.