Is the American Express Gold ACTUALLY Worth It in 2024?
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- Опубліковано 19 лют 2024
- #amex #gold
Is the American Express Gold worth it in 2024? After 6 years, this is my honest review of the American Expres Gold.
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Do you know what changes coming to the gold card. It would be cool if they change the food coupon book to better restaurants.
I don't want to eat at cheesecake factory every month.
I go to shake shack every month. Or you can use it for pickup anywhere with Grubhub
There's actually a little workaround for the cheesecake factory where you can go in-store and purchase a gift card for $10 using the AmEx credit. Every month you keep going back in-store and use the $10 credit to keep filling the gift card up to your desired amount. After 6 months or more you've now accumulated enough on the gift card in free credits to go have a solid free meal at the factory. My fiancee and I are just going to use this method to do a little cheesecake splurge once a year on AmEx's dime.
This. Right. Here.
Don't you dare take your date to the Cheesecake factory lol
Don't you dare take your date to the Cheesecake factory lol
Ill do the math for everyone. If you don’t use any of the credits it takes $700 a month of spend at a 1.5 cpp redemption to beat a 3% cash back card. I use my points for hilton where i can get 1.5 cpp. If you do use the credits then you gain more value. For most people they will be better off getting a card like the savor one. The amex gold is the best for familys that are spending a fat amount of money on groceries
Pairing this with the Schwab platinum amex can be a home run if you travel and invest with Schwab. You get 1.1 point per 1 earned. You already get 4 point per dollar you spend on food/dining out. No cap on your dining out. If you spend $700/month on food which is pretty typical that's 700*4.4*12=36,960 points. Dining out per month easily $500 another 26,400 points. Free round trip/year or invest 600/year on Schwab and for a moderate to aggressive investor 7% over 10 years. You could potentially earn $3,000+ in returns. Which is crazy to think about earning money on your spending.
Does this also work with the AMEX platinum? As in, is the Schwab the only way to get the 1.1 ?
@@JLitodiaz Schwab is the only way to get 1.1 cpp cashback, but the regular plat has a higher SUB
If they increase the annual for the Gold, I am out!
Thanks for your video great content I just moved to South east Asian from North America and I love it, out of curiosity could you make a video about if its a good idea to use Credit card Travel insurance instead of paying 300 a month for insurance? and if yes is Amex platinum the best with its 120 days travel insurance? you could just take a cheap flight every 120 days to renew your Insurance, its an interesting hack...
Personally, I have found the AMEX is the most valuable card in my collection from a price to return perspective. However, it is looking increasing likely they will revamp this card in 2024 and increase the AF. If they keep the same credits, but increase their value, I'll be fine with the increased AF. With that said, I am afraid they may tack on a RESY credit instead, like the Delta cards, which will be a net loss for me in the area I live. Until that point, it is a fantastic card for my use, however if the changes do come, I may have to reconsider it.
Just got my Amex gold, however I have one question about the autopay when should I set it up? “Your next automatic debit will occur on April 13” and then there are bunch of statement options which is the best to choose 15 days after statements through 25 days??
P2 and I each got our own Gold cards, for the SUBs. We each also have the AX BBP. P2 loves flying in lie-flats and eating at Cheesecake. We might cancel the Golds and just keep the BBPs.
I actually just got my Amex Gold Card last week. I'm thankful for creators like yourself (and others) for breaking the Pros and Cons down of this card, and as a frequent traveler and food connoisseur (lol), I figured this card would be perfect for me. It's a huge step-up from my Capital One Quicksilver.
I'm still doing research on cards, and I haven't done this yet, but with Amex Gold being a charge card, is it worth while to pay my bills & rent using this card if I know I can pay it off every month in full?
Not if there’s a service fee. Either use ACH, cash, or bilt mastercard for rent. As amex gold only gets 1x point for rent while you’d face a 3% service fee.
@@mattskord9178 I only intended to use it to pay rent for a few months until I reach that 85,000 point incentive faster, then I'll be switching it back to my linked bank.
For Rent you’ll want to look into the Bilt Mastercard, no annual fee and waives processing fees, plus has great transfer partners
Get a Bilt. No transaction fee for paying rent while earning 1x. It's like free ~20000 points per year
my question is the same with rent. I’m moving into my first apartment and just got approved for AMEX gold, welcome bonus; I can definitely hit $6,000 and have peace of mind of not being able to get rent in + paying it in full at the end of the month. Should I just pay rent and groceries until I hit the $6,000 and stop because of the convenience fee? I’m working my way up to get the Bilt card for rent but can’t be approved at this time, praying to god for next month or two 🙏
I had the platinum before Amex made that new rule, I want to get the gold but because I’m ineligible for the bonus, I’m very hesitant. Not sure what to do
i think the capital one savor one is the better food card for most people, considering it has no annual fee, and 3x pts on dining and groceries. running the capital one setup seems a lot more feasible with its 395 dollar setup in comparison to the AMEX setup of 945 dollars.
Possibly, assuming c1 will approve you for it
May I ask what items one can use the C1 Savor points? Can you use the C1 portal for hotels, flight bookings, etc.?
I have this card and got the 90,000 point sign up bonus. I always use the $20 credit a month and have redeemed flights for 1.9 CPP with my amex points. Great card!
How did you get the 90k sign up bonus?
the one issue I have with this is the dining credit is limited to several restaurants which many of the reviews don't mention; the other is with uber at $10 a month so you have to have the uber membership or take an uber monthly to get your money back on this outside of the points
You get good value from transferring to hilton but its not worth it for most people unless they like a few select transfer partners
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Do i have access to Dekta sky club lounge with the amexgold?
Dude I got 90k bonus today W I signed up right away
If I have to travel to India…what will be the best site to book tickets from with the points…or should I go for amex airline site
Just got it with 90k new member offer
Honestly at $250 annual for 4x groceries compared to savor one no annually fee and 3x cash back seems like a no brainer
Ur saying C1 is better?
Yes he’s saying $0 AF vs $250AF he’d prefer the Cap one and lose the 1% or 1 point
Can you book multiple seats at the same time? For example: wanting to book for a family of 4?
Yo I categorically disagree with most stuff in this video. He said at the end that this card isn’t only good for travelers but also people to who eat too. Which is fine except that the only way to redeem Amex points and get “outsized” value is to transfer them out for international first class tickets. That’s low hanging fruit because if you’re doing literally anything else with the points, they’re being devalued massively. He also comments on “working for your rewards”, which I disagree with, because we already pay an exorbitant amount of for a “food” card and then have to work for the reward on the back end. This video wasn’t really a breakdown, I feel like it’s shilling…
Influencers always try to convince that everyone should get this card. Many fall for it.
I agree, what does 50k of points convert to if I want cash, airline tickets, e-gift card…
@@curmudgeonextraordinaire1884oh I love my Amex gold
I’m making this comment before watching the video but I’m just going to say very quickly that your timing is impeccable😂I got my platinum about a month ago and I was literally thinking a few hours ago if I should get my gold now.
I think you messed up. I saw that they might not give you the welcome bonus for the gold if you get the platinum first. They are trying to get people to go in order; gold then platinum.
@@adameasterling2040 yah you are right. I got my platinum and then saw that video about AMEX changing their policy so, to quote John, I’m SOL😂oh well
Can authorize users benefit from perks or just the main account holder?
When I send the referral to friend it’s start his free month, so I have to wait until he gets the first charge In a month.
How do I make it that he starts a paid membership right away so it can count towards my 10 referrals?
Please advise
Thank you
I thought it was an AmEx gold video not a transfer partner video…
Can you do another live soon?
Just got a 90k welcome offer and had to pull the trigger
same here, spend 4k im 6 months easy steal haha
Correction: Done right, you’re paying around $500 (maybe a little less if you redeem the points for travel partners) for the card before you start to gain value from the points. It takes $250 of spend at 4X points and 1 cent per point redemption to make up the $10 effective annual fee after the credits. Double that cent per point redemption to 2 obviously cuts that in half, but that still makes it nearly $400 before you gain a profit, so to speak. Not hating on the card, but I wish more credit card UA-camrs would speak about these cards in those terms.
He mentions it in 6 things he hated about American Express cards
That is true, but if you’re using it consistently for dining and groceries, realistically you’re gonna blow by that 500 inside a month
I love mine! I use it as my daily card for almost all purchases and pay it off to zero before that statement close date.
Regarding the sign on bonus of spending $6K within 6 mos: Do you pay off each month leading to 6 mos or wait until the 6th month to pay it off?
@@MsLkanepay each month. waiting until 6th month will lower credit score
@@perfextinsanity8962 many thanks! I've been wondering how that works.
Alrighty, I have been debating on this card vs Venture X for months. Which one is better John?
They are very different cards, I love my venture X but for dining it’s not very good, it’s a better everyday and travel card. If you want a card for food then get the gold
Bro one is a travel card and the other is not. Should be easy to determine which is better for you
Now it shows only 2x points on groceries and dining. But on youtube everyone saying 4X points.
I tried to apply, unfortunately due to a loan modification I accepted during Covid is an automatic denial.
As a new content creator I always appreciate and learn from your videos. I am really wrestling with the decision to keep or cancel my card. This helps.
So i just got this card and it didn't give me a limit or none. Just say no preset limit amount.
are these points bonuses in US only? in Canada is only 2x points on travel, and 2x on grocery, gas, and drugstore purchases
It seems so, 4x in USA on all those categories
My uber credit doesn't make it pass the first week ^^;; and Shake shack is yummy :)
If I’m getting both a 90k offer or 75k + $250 credit which should I go with?
75k + 250 unless you know how to double the points to use towards reward flights
I'd personally go for the 90k. If you wait, maybe you can find the 90k + $200 statement credit
@@Dopadroidhow often does the 90k + $200 credit appear? I got a targeted mail offer for 90k
What kind of purchases does he mean ? 6 k in 6 months? What about paying rent? Does that count as purchasing? I don’t spend a $1000 on food eat month and don’t travel a lot .
But you can use the 120 from dining and uber= 240 to pay the card so really it cost you 10 dollars a month, right?
Its 300 now Plus they basically scam you by taking your 250 for uber / grub hub 😂😂 its also a 80% plastic card with 10% metal
My fiancé got a welcome offer of 90k
I can't get the Platinum card without having the Gold card first ?
From the videos, I've watched, if you want the sign up bonus, it's best to get the gold first. If you get the Plat first, then you can't get the bonus for the gold. It's one the changes AMEX made.
Wouldn’t the green card be better for travelers and foodies for one point less but more point grabbing travel options?
I just got it my sign up bonus was 90k points
I don’t understand how this card is worth it for $250.
It seems like the idea is to encourage monthly restaurant spending, especially through Uber Eats, but the Uber Eats and Restaurant credits only make up for $240/$250.
I guess if you order like $25/month through Uber eats every month you will make up for the annual fee given the 4x credits on restaurants… but that’s a lot of commitment to just break even.
The $600 intro rebate is cool but that’s also just 1-time.
If the idea is for this to be a foodie lover’s card, the $100 hotel credit and traveler points redemption options seem random and there are better travel card for that.
IMO - this card should double down on being a foodie card, particularly for Uber. Drop the $100 hotel credit and travel points redemption options, add a free Uber Eats annual membership, and add favorable points -> Uber Eats cash conversion options. Keep Amex platinum as the premier Amex travel card.
As-is it seems like a struggle to take advantage of this card enough to just break even on the annual fee.
I feel the same way. I was excited when I got pre-approved for the gold card, until I saw the fee.
Maybe for those who have families and spend a lot on groceries per year, it'll have more value. Otherwise, it's a bit of work to break even
The average american spends about $9350 on food per year, according to the bureau of labor statistics (this is from 2022, the most recent numbers may be different; most likely higher due to inflation). Even if you are valuing points at the minimum ($.01 per point), the average american would still recoup about $120 of value if they used this card exclusively for food. If you’re using travel partners and deal hunting, as the video suggests you should, to get closer to a .02 per point value, you’re talking in the $500 range of value. That’s before any of the uber or dining credits and before you factor in the value of the various perks/discounts available to members.
On the fence of canceling mine and getting either CSP or Wells Fargo Autograph/Autograph Journey. I use the credits for uber rides but not for dining because that credit sucks
I'm sure many people get great value from this card, but I just can't justify it. I would rarely use the dining credit, I already get great Uber benefits from my Savor, and I tend to book hotel stays directly. So that's $250 for 4X grocery/dining when I already get 3X for from other cards for free. No thanks.
It doesn't work in Superstore, Freshco etc what's the use🤦🏽
It’s actually 90k pts currently
only considering this card because of the special welcome offer of 90,000 points
Is this still an available offer?
@@sparann as of today, yes
It's my greatest earner. Enough said
Just got a amex gold offer for 90k points by spending 4k in 6 months ezzz steal
Please put "USA" in description, this does not apply in UK or other areas where this card is popular
After the SUB change, I no longer want it.
I disagree. You tried to adjustify the grub hub and Uber eats. Most people go to myself. Do not use both those credits every month for me. Maybe twice a year so to justify all you got to use it to justify the funds is not okay
All you have to do is change it to a general $10 or $20 a month. Whatever even $10 and combine both of them as long as you're 10 for any dining It wouldn't make you drop the annual fee really low but at least it's more usable
Very worth it
Can I accumulate those credit and use it once every 3 months?
No
got denied for every Amex with 738 score and 100% on all factors 🤷🏽♂
What's your credit length and income? I got denied due to income a few months ago, then tried again after an internship with slightly higher income and I got several pre qualified offers.
I have a good income 110k and 1 year on credit length, I don’t know maybe there’s no opportunity for everyone
Your credit score and income looks fine. But, your credit age seems a bit short @@Kulon_Trucking
@@Kulon_Truckingwell theres your answer
@@Kulon_Trucking It may be the 1 year credit length. When I was turned down last year, I applied for the Delta Gold AMEX (I'd received an email bc I have some Delta miles) and was told to call them. The rep told me my 'score wasn't high enough'. They may have a length of time they prefer? I'm only 4 years in with CCs. I broke up with our system during the 08 downturn. I realized I had to play the game so my mindset is different now. 🙂
Do you have any advice on how to find a side hustle that suits you and the path to making a profit out of it?
Find out what suits you. What do you enjoy doing, what are your hobbies, what are you passionate about?
Would buying gift cards (let’s say for Walmart or Sam’s club) from a Neighborhood Walmart, still give me 4X points on the AmEx Gold? Those are part of my daily spending habits but I know that buying directly from Walmart or Sam’s foes not give points.
if only it works at costco
Sams club accepts it
Can you transfer to the Hilton hotel I actually like that hotel
How much debt r you in brother ?
no 4X a Walmart
Anybody wants to apply let me know we can both take advantage of the referral friend, I already have the card
I have an Amex gold referral link. Is anyone interested?
Buy cheesecake 10$ gift card every month, then use them all for dinner for two. 🎉
Please make a video about this Capital one/ Discover mess, please
Their is no mess
No card with a $250 annual fee is worth it
Well, then you’re not playing the points game. I get free flights / business and first class upgrades every year. Haven’t paid for airline tickets for the last 3 years.
@@paulc3752 because you already do with that fee 👍
Ok broke boy
🥈
I canceled my gold
Whatd you switch to? I’m about to cancel mine
@Jiggy609 I have the capital one savor now. Similar percentages back but now I get it in form of cash back. I just got caught in this game of always trying to earn points. And a revolving door of debt. So now at least I can put cash back into my account.
@@ky0611 feel that. Definitely the points chasing can make you overspend
I think you may have forgot to mention that if you are active duty military, you get your anual fee waved lol.
But thanks for all the info. 👍🏻
Does that include Reserve and National Guard?
🥇
9:53 EXACTLY!!!! People just love to complain. I get so much value out of my AMEX trifecta that I feel it’s well worth holding onto and if you can’t use the credits than don’t get the card but stop crying🤷🏽♂️. People act like banks are their friends and aren’t in this trying to make money, it’s up to you not to allow them to play you like a sucker.
I mean you can just use it on rent ...
Gold card
Annual fee increase is coming if the fee don’t offset me bye gold and platinum
I like the cap1 savor 0 annual fee
3x dine, 3x grocery, 3x streaming services and
venture x 395 fee
2x back all purchases and 10x hotel and rental, 5x on flights through the portal price match grantee and 10k points every anniversary.
You get both card and 5 dollars to have them both
So the venture one is better then Amex gold and platinum combine ?
@@Flame_water as of now yes it is
Correction: Now its only 2 times instead of 4 times in points earning.
I don’t even need to watch the vid to know the answer- NO 😂 It is a shit card. C1 Savor is much better. And it’s free.
The Gold is overrated and hawked by every influencer on UA-cam. It’s profitable for them if you end up using their links.
first
Nope
Once in a blue moon you will see an ANA flight on seats.aero through United. But yeah it's not through ANA's loyalty program
Amex Gold is worth for me, because I use Ubereats