New American Express Gold Card has Arrived

The other day, American Express announced a redesign and relaunch of their former Premier Rewards Gold Card. The new card will be called the American Express Gold Card. The older card was my primary card for gas and grocery use when I couldn’t get bonus category spend from the Chase Freedom card. The exciting part is with the new name and design come new perks.

Just to recap the main benefits of the previous card

  • 3x points on purchases made directly with airlines or on Amex Travel
  • 2x points on gas, supermarket, and dining spend in the US
  • 1x points for everything else
  • $100 airline credit fee statement credit
  • No foreign transactions fee

The New American Express Gold Card now earns

  • 4x points on dining in the US
  • 4x points on groceries in the US up to $25,000 annually
  • 3x points on purchases made directly with airlines or on Amex Travel
  • 1x points on everything else
  • $120 Dining Credit at select restaurants
    • Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House and participating Shake Shack locations. Excludes Shake Shack locations in ballparks, stadiums, airports and racetracks. (receive $10 a month for 12 months)
  • $100 airline credit fee statement credit
  • No foreign transactions fee
  • Loses the 2x on gas

 

Note: To receive the dining credit you must enroll your card under the card benefits. Likewise, you must enroll and select an airline (if not previously) to receive airline credit

Made for Foodies Offer

A new perk with the Gold Card is if you use the card at U.S. restaurants during the first 3 months of Card membership you’ll receive 20% back as a statement credit, up to $100 per Card account. This made-for-foodies offer is only available to new Card Members approved before January 9, 2019.

New Card

Along with the new perks, the American Express Gold Card now comes in a metal version. I guess Amex is trying to compete with Chase Sapphire Reserve in this respect. Existing card members can just need to log online to request their metal card and it’ll be shipped in a matter of days. Also, there will be a limited addition Rose Gold Card that will only be available until Jan 9, 2019.

Annual Fee

With all these new perks and now metal card versions, its no wonder the annual fee is going up from $195 to $250. Now, the good thing is the fee increase won’t go into effect for existing cardholders until April 1, 2019.

Final Thoughts

I actually pretty excited that American Express made this move. Increasing the points to 4x for groceries and and restaurants is a good move. I send a lot of money in those categories. However, I’m not thrilled about losing my 2x on gas and the increased annual fee. I will say the additional dining credit and 4x makes up for it. Since I already have the card, once I relieve my metal card, I will be using it more often.

 

How about you, will you get the new Amex Gold/Rose Gold?

 

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