Good video 🙌🏻 Love this card! We use it for groceries and dining. My husband and I use the points to purchase Christmas gifts through Amazon. We only get 0.7 return but we are okay with that.
Having to spend in such a specific way is annoying regardless of the category. But to bring that $250 annual fee down, if you care about that cost, you have to be willing to play the game with this monthly food credit offer. For me, I live in a big city and can see Shake Shack and Cheesecake Factory from my condo. I still set a reminder on my calendar since I tend to eat more healthy than these two places. They are by no means a first choice for me. Also, these spots are a great excuse to meet up with friends or family near my place so I can swipe and split the bill later. I am fortunate that this card’s food credit plays right into my lifestyle with both spots being 300 feet away from home. Food is expensive. Food prices are still rising, faster than inflation now. Finding the right card for your grocery and dining situation is necessary and for me this card works even with the small, apparent hurdles to optimize it.
A few thoughts. 1. The credits have to fit into your normal lifestyle to get true benefit from them. If you're rearranging your life to use the Amex Gold credits, its probably not worth it and you can find better value in another card. 2. The credits a BIT misleading. It's more expensive to order off of Uber Eats for food than just go to the restaurant. You're still going to get value from them, but maybe a little less than it appears on the surface. I would say that if you use at least $120 worth of the credits without changing anything, then it brings a card with very good rewards rates down to a pretty reasonable effective annual fee.
This works like a traditional credit card in the sense that charges are made on the card and then once a month after your statement closes, you'll want to go in and pay off your balance in full from your bank/debit account that you have now.
I have Wells Fargo Cash activity And Wells Fargo autograph , Capital One Quicksilver, blue cash pefrred total credit 38k Do you recommend taking it, keeping it, and using it for everything except travel? Thank you
Awesome! That's really exciting. It's a pretty sweet card and I'm sure you've got it in your hands now. Enjoy and let me know how you like it in a few months 👍🏼
Good video 🙌🏻 Love this card! We use it for groceries and dining. My husband and I use the points to purchase Christmas gifts through Amazon. We only get 0.7 return but we are okay with that.
That's awesome! Glad you can essentially take care of your Christmas gifts with the card earnings.
Awesome content; I just got this card & 90k bonus targeted offer.
@@Shawn.creditthank you; feels awesome .
Great explanation. One of the best I've seen. I just started my points journey
That’s awesome and thanks for the kind words.
What card did you start off with?
@TheRDGuarantee CSP. Then the Amex Gold. Just those two for now. Not sure what's my next move. I have the chase unlimited
@@noblegirl1991 Nice! Check out the Venture X next? Can give you some Capital One exposure but most of all luxury travel benefits.
Great content,thanks.👍
Thanks for watching!
It sounds like you read following your finger lol
Awesome video. Just got my Gold Amex card.
Thanks! Hope you like it!
Do you think the monthly credits are annoying to use? How have you redeemed your points recently?
Having to spend in such a specific way is annoying regardless of the category. But to bring that $250 annual fee down, if you care about that cost, you have to be willing to play the game with this monthly food credit offer.
For me, I live in a big city and can see Shake Shack and Cheesecake Factory from my condo. I still set a reminder on my calendar since I tend to eat more healthy than these two places. They are by no means a first choice for me.
Also, these spots are a great excuse to meet up with friends or family near my place so I can swipe and split the bill later.
I am fortunate that this card’s food credit plays right into my lifestyle with both spots being 300 feet away from home.
Food is expensive. Food prices are still rising, faster than inflation now. Finding the right card for your grocery and dining situation is necessary and for me this card works even with the small, apparent hurdles to optimize it.
A few thoughts.
1. The credits have to fit into your normal lifestyle to get true benefit from them. If you're rearranging your life to use the Amex Gold credits, its probably not worth it and you can find better value in another card.
2. The credits a BIT misleading. It's more expensive to order off of Uber Eats for food than just go to the restaurant. You're still going to get value from them, but maybe a little less than it appears on the surface.
I would say that if you use at least $120 worth of the credits without changing anything, then it brings a card with very good rewards rates down to a pretty reasonable effective annual fee.
How do you pay back payments or in full every month is it a debit card?
This works like a traditional credit card in the sense that charges are made on the card and then once a month after your statement closes, you'll want to go in and pay off your balance in full from your bank/debit account that you have now.
I have Wells Fargo Cash activity
And Wells Fargo autograph , Capital One Quicksilver, blue cash pefrred total credit 38k
Do you recommend taking it, keeping it, and using it for everything except travel?
Thank you
Autograph covers most areas and has a great 3x multiplier. A 3x multiplier vs a 4x multiplier is minimal.
thanks for this video, love the way you organaized the information! Just recently got approved on thursday for the gold! waiting for it to arrive!
Awesome! That's really exciting. It's a pretty sweet card and I'm sure you've got it in your hands now. Enjoy and let me know how you like it in a few months 👍🏼
How long do your points last? For example if I did sign on bonus and hold, do I lose after a year or keep it?
Membership rewards points never expire!
What do you think of the authorized user fee ?
Thankfully, with the AmEx Gold you can add up to 5 authorized users without any fees!
Yep, from a pure point value at redemption point to airline miles transfers are the way to go. Then international business or first class.
Can you use membership points on your annual fee?
How did you do a 2024 review before 2024 was reviewable?
👻
Walmart Neighborhood Market codes as groceries on both the blue cash everyday and gold card. Tested on both of my cards.
That's right. It's a sneaky hack to get more out of the AMEX Gold.
Thanks for this comment. My credit card knowledge just got boosted.
@@Jesus-kt5dc that’s why we’re all here! 🙌
@@TheRDGuaranteethis only works at the neighborhood markets?