Is Amex Gold Still Worth It?

Is Amex Gold still worth it? For the right cardholder, the Amex Gold is absolutely worth it. The card offers the highest combined rewards rate you can find on both U.S. supermarket and restaurant purchases – making it ideal for foodies. Plus, it comes with several travel protections and credits that can help offset its high annual fee.

Is Amex Gold hard to get?

Is it hard to get an Amex Gold card? Getting the Amex Gold Card isn't the easiest card to qualify for as you need good or excellent credit. That means having a minimum 670 FICO score and existing cards in good standing. Being an existing American Express cardholder can also make it easier to qualify.

How much do you have to spend to justify Amex Gold?

This requires more work and even more spending — approximately $6,250 to $25,000 in purchases is required to offset the annual fee, depending on the categories you spend in. The quickest way to recoup the Amex Gold's annual fee is to spend a combined $6,250 at U.S. supermarkets and restaurants.

Is Amex Gold discontinued?

The Gold Rewards Card Will Be Temporarily Discontinued

The Gold Rewards Card will be decommissioned in its current form, although existing cardholders will most likely continue to be able to use their cards under the current terms.

Do you have to pay off Amex gold every month?

The American Express Gold Card

Unlike traditional credit cards, American Express cards do not have a regular APR or charge interest, as all balances must be paid in full each month.

Related investments for Is Amex Gold Still Worth It?

How do you get American Express 75k gold?

You can currently qualify for a welcome bonus of up to 75,000 points on the American Express Gold Card after spending $4,000 within the first three months of card membership. That's another 15,000 points more than the standard bonus and the highest offer we've ever seen for this card.

Do billionaires use credit cards?

Most rich people can easily afford to pay cash for every purchase. Despite this, even the wealthy use credit cards regularly.

How much is 50000 Amex points worth?

How much are 50,000 American Express points worth? At a minimum, 50,000 American Express Membership Rewards points are worth $500 when you use them in the Amex Travel portal. If you're looking for even more value, you'll want to transfer them out to an Amex hotel and airline partner.

Is Amex gold metal?

The American Express® Gold Card is constructed with a mix of materials that include stainless steel, just like the Platinum Card.

Does AMEX build credit?

Every month an open Amex account is used responsibly, positive information will be reported to the credit bureaus. That said, any primary or additional cardholder who has only positive credit information reported monthly to credit bureaus can build excellent credit with enough time.

Does Amex Gold work at Costco?

For a long time, starting in 1999, American Express was Costco's exclusive credit card partner. In addition to Visa cards, Costco still accepts cash, checks, most debit and ATM cards, electronic benefit transfer (EBT) and Costco Shop Cards.

Does Amex Gold Points expire?

Do Membership Rewards® points expire? Membership Rewards® points have no expiration date.

Does American Express Gold have access to lounge?

Can you get lounge access with the American Express® Gold Card? The American Express® Gold Card doesn't come with complimentary lounge access.

Is Amex rose gold coming back?

The Takeaway. If you've been looking for a rosier way to stand out, you're in luck – American Express Rose Gold is back. The Amex Rose Gold Card rewards you for enjoying your life's passions, from dining and grocery shopping to getting around town in style with Uber.

How do I get approved for American Express Gold Card?

The biggest Amex Gold Card requirements are having a credit score of at least 700, being at least 18 years old, and being a U.S. citizen or permanent resident. Amex Gold applicants must also provide a Social Security number, Individual Taxpayer Identification Number or passport.

Is Amex Platinum prestigious?

The Amex Platinum is one of the most prestigious travel credit cards you can own. Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future. Several of the best no annual fee travel credit cards are offered by American Express.

Why does American Express make you pay in full?

American Express cardholders can now use the Pay It, Plan It and Pay Over Time features. The programs provide more flexibility to cardholders who normally have to pay their balance in full each month. Paying in full remains the best way to avoid interest charges and fees.

Which American Express card is the best?

Best American Express Credit Cards

  • American Express® Business Gold Card: Best Card for Businesses.
  • The Platinum Card® from American Express: Best Card for Travel.
  • American Express® Gold Card: Best Card for Foodies.
  • Blue Cash Preferred® Card from American Express: Best for Everyday Expenses.

  • How much is Amex Gold bonus worth?

    American Express® Gold Card

    The offer: Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases within the first six months from account opening. What it's worth: The Amex Gold card's 60,000-point bonus can be worth up to $600 when you redeem points for flights and gift cards.

    How much is 100000 Amex points worth?

    There's no doubt that the welcome bonus of 100,000 Membership Rewards points from The Platinum Card® from American Express is a huge deal. 100,000 points are worth $2,200 per our valuations, and you can use them in a variety of different ways.

    How much is 120000 Amex points worth?

    Most Amex points will transfer at a 1:1 ratio, although a handful of programs offer slightly less value than that.


    Economy round-trip Business class round-trip
    Redemption 120,000 miles + $65.12 251,000 miles + $78.74
    Point value 0.7 cents 4.0 cents

    What bank does Bill Gates use?

    Cascade Investment

    Type Private
    Founded 1995
    Founder Bill Gates
    Headquarters Kirkland, Washington , United States
    Key people Bill Gates (Chairman) Michael Larson (CIO)

    Who has a black card in the world?

    But we have it on good authority that celebrities including Beyoncé, Oprah Winfrey, and Jerry Seinfeld, who reportedly received the first-ever Black Card, all carry it. Collectively there are thought to be fewer than 20,000 AmEx Centurion cardholders around the world.

    What is the limit on Amex black?

    There's no credit limit

    The American Express Black Card doesn't have a pre-set spending limit, so cardholders can spend as much as they want every month. But that's only the case if they can afford it. The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance.

    How do I convert Amex points to cash?

    Using the Invest with Rewards feature is simple: Log into your Amex account, click “invest with rewards”, then follow the prompts. In the end, the cash will be deposited into your Schwab brokerage account where you can then invest it or withdraw it.

    Can I redeem my Amex points for cash?

    Amex Membership Rewards points are some of the most valuable credit card rewards you can earn because they're flexible — you can redeem them for a wide variety of rewards, including travel, or cash them in for other redemption like gift cards or statement credits.

    How much is 125000 Amex points worth?

    We generally value Membership Rewards points at about 2.2 cents per point, which means that a 100,000 Membership Rewards points bonus offer is worth ~$2,200, a 125,000-point bonus is worth ~$2,750, and a 150,000-point bonus is worth $3,300.

    What happens if you don't pay American Express in full?

    Interest charges accrue when you don't pay the bill off in full. Pay Over Time charges an interest rate that is the same across the Green, Gold and Platinum products. As of August 2020, cardholders who use the feature will pay an APR between 15.99% to 22.99%, depending on creditworthiness.

    Why are some credit cards so heavy?

    "(They're) also perceived to elevate a customer's status. People tend to see metal cards as a sign of luxury." Metal credit cards also feel different from plastic ones and are heavier. Because consumers perceive metal cards as higher quality, credit card issuers have swapped some plastic cards for metal ones.

    How do I cancel my Amex annual fee?

    To get American Express Platinum's annual fee waived, call the American Express retention department at 1 (800) 452-3945. State that you're considering cancelling or switching cards because of the high annual fee.

    Does AMEX increase credit limit automatically?

    Does American Express automatically increase credit limits? American Express may automatically increase your credit limit as often as every six to 12 months. However, just because you haven't received an automatic increase doesn't mean you're not eligible. You should reach out to American Express to see if you qualify.

    Does Amex Gold work at Walmart?

    Stores that sell groceries but don't carry this code, such as superstores like Walmart or Target, along with warehouse clubs like BJ's or Costco, are ineligible. Amex also says you will not earn bonus rewards at specialty stores such as fish markets, cheese shops, or wine shops.

    Why does Costco not accept American Express?

    Since Costco has a contract with Visa, shoppers can't use credit cards backed by the other three main networks, American Express, Mastercard or Discover, at Costco warehouses. However, you're able to pay with Mastercard and Discover cards for purchases made at and the Costco app.

    Does Walmart accept Amex?

    Yes, Walmart does accept American Express credit cards as a valid form of payment in 2021 both in-store and at

    Can you lose your Amex points?

    No, Amex points do not expire. Cash back and miles earned using American Express credit cards do not expire, either. However, points and other rewards can be forfeited when you close your account or when your account is closed due to inactivity.

    Can I cancel my Amex Platinum?

    The bottom line

    If you decide to cancel your card, make sure you're aware of what the Amex Platinum cancellation policy looks like. To learn more about this policy, how to cancel your card and if there will be an Amex Platinum cancellation fee, call the number on the back of your card.

    How many American Express points do you need for a flight?

    To redeem points for a flight, you need at least 5,000 American Express rewards points. The number of points needed can vary based on your card type and flight selections. You can only use the program once per transaction.

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