Home Credit Cards Amex American Express Gold Card Review (2021)

American Express Gold Card Review (2021)

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The American Express® Gold Card is a key card in Amex’s Membership Rewards ecosystem as it offers the best earning rates out of any American Express card in select major spending categories. It’s a card that offers valuable benefits that help cardholders offset the annual fee, and with the currency that it earns being transferable to an impressive variety of airline and hotel loyalty programs, it’s a card that can help cardholders make significant savings on aspirational travel bookings.

The American Express Gold Card

In Brief

The American Express® Gold Card was completely overhauled back in 2018 and the result is a card that now offers the best earnings rate for spending at US supermarkets and the best earnings rate on dining out of any American Express Membership Rewards card. It also offers credits for dining and Uber spending as well as trip delay coverage that most cards of this level do not offer.

Today, 4 February 2021, American Express confirmed that it is bringing back the metal Rose Gold version of this card that we first saw when the Gold Card was refreshed in 2018 and that this will now be a permanent option for new Gold Card applicants.

In Detail

Here’s what you need to know about the American Express® Gold Card:

Annual Fee:

Cost of Authorised User Cards:

  • $0 (zero)

Current Welcome Bonus:

  • New applicants can earn 60,000 bonus Membership Rewards Points after they spend $4,000 on their new card in the first 6 months of card membership (terms apply)

Note: The terms and conditions of this offer state that the welcome bonus is not available to applicants who hold or have previously held this card or the Premier Rewards Gold Card. 

Earnings (terms apply):

  • 4 points/dollar on spending at U.S Supermarkets (up to $25,000 in spending/year)*
  • 4 points/dollar on dining and takeout
  • 4 points/dollar on Uber Eats purchases
  • 3 points/dollar on flights booked directly with airlines or through Amex Travel
  • 1 point/dollar on spending in all other categories 

*Any spending made above the $25,000 cap will only earn 1 point/dollar

Key Benefits (terms apply):

  • Earn valuable points that can be transferred over to a variety of airline and hotel loyalty programs.
  • $120/year dining credit (at select eateries)
  • $100/year Hotel Collection credit
  • $10/month Uber Cash Credit
  • Trip delay protection

Thoughts On The Gold Card

The Gold Card Earns Valuable Membership Rewards Points

Membership Rewards Points are Amex’s flexible rewards currency and they can be transferred across to a wide variety of airline and hotel loyalty programs at a ratio of 1:1. With the option to transfer the points that the Amex Gold Card earns to programs like Delta Sky Miles, Singapore Airlines KrisFlyer, the British Airways Executive Club, Flying Blue, and Cathay Pacific’s Asia Miles, cardholders can use their earnings to save a significant amount of money on the trips they book and fly in some of the more aspirational First and Business Class cabins around.

New Delta One Suite
Use Amex Membership Rewards Points to help you book the Delta One Suite

I’m a big fan of Membership rewards because cards like this Gold Card make points relatively easy to earn and because the points are relatively easy to use. Add to that the fact that Amex frequently offers bonuses for transfers to its loyalty program partners, and it’s easy to see why the Membership Rewards program is so popular.

The Welcome Bonus Is Attractive

The current welcome bonus of 60,000 points is a significant improvement on the 35,000 bonus points that this card offered for a significant period last year, and the fact that new cardholders are being given 6 months to earn the bonus (rather than the standard 3 months) is a very nice added extra.

I value Amex Membership Rewards Points at 1.5 cents each (that’s a conservative valuation based on the value I know I can get out of each point without much effort) so that values the Amex Gold Card’s welcome offer at an impressive $900.

The Card Offers Excellent Earnings Rates

The 4 points/dollar that the American Express® Gold Card earns on dining is one of the best rates of return offered by any card on the market, and the 4 points/dollar that it earns on purchases made at US supermarkets (up to a spending cap of $25,000) makes this one of the more rewarding cards in a category that attracts a significant level of spending for most people.

Note: Purchases at big box stores like Costco and Sam’s Club will only earn 1 point/dollar.

The Amex Gold Card will earn you 4 points/dollar on all spending at US supermarkets

The Gold card also earns cardholders 3 points/dollar on spending made directly with airlines and this is a rate that can only be beaten by two other personal credit cards (the Amex Platinum Card and the Citi Prestige Card), and both of those cards charge a considerably higher annual fee than the American Express® Gold Card.

Based on my valuation of Membership Rewards Points, the Amex Gold Card effectively offers cardholders a 6% rebate on dining and on spending at US supermarkets (up to $25,000) and a 4.5% rebate on purchases made directly with airlines. These are rebates that most cards struggle to beat.

Up To $120/Year Dining Credits

The Amex Gold Card offers cardholders a credit of $10 per month which can be triggered by spending with/at the following Amex partners:

  • Boxed
  • The Cheesecake Factory
  • Grubhub
  • Ruth’s Chris Steak House
  • Seamless
  • Participating Shake Shack locations*

*Excludes Shake Shack locations in ballparks, stadiums, airports, and racetracks.

Only spending made in the United States will trigger the statement credit and while authorized users are eligible for these credits, it should be noted that only one $10 credit is available per account per month.

If you happen to frequent one or more of the eateries listed above, or if you order from Boxed or through Grubhub and Seamless, the $10/month could be classed as a genuine saving and one that’s well worth having. If, however, the fact that the Amex Gold Card offers these credits leads you to spend money you may not otherwise have spent, the credits are not a genuine saving and should be discounted from your calculation when you weigh up the value of this card to you.

Up to $120/Year Uber Credits

Holders of the American Express® Gold Card receive up to $120 in Uber Cash credits/year and these appear as $10 monthly credits in the Uber app.

Just like the credit that’s offered with the Platinum Card® from American Express, this Uber Cash credit can be used on Uber rides and Uber Eats orders within the United States and, just like the credits on the Platinum Card, these are credits that do not roll over from month to month – if you fail to use your $10 credit in any given month, it’s gone forever.

For anyone who uses Uber or Uber Eats at least once a month, this is a very useful benefit and a genuine cash saver. Effectively, it can drop the card’s annual fee to just $130.

Note: Although you have to have your Amex Gold Card linked to your Uber wallet to ensure that you get the monthly credits, you don’t have to pay with the Gold card to ensure that the credits are triggered. I get monthly credits courtesy of my Platinum Card but I pay for all my Uber trips using my Chase Sapphire Reserve Card (which offers 3 points/dollar for all travel spending). 

$100 Hotel Collection Credit

The Hotel Collection is a hotel booking portal run by Amex Travel and holders of the Amex Gold Card, who book a stay of 2 nights or longer through the portal, are given a $100 onsite credit. This credit can be spent on dining, spa, and activities charged to the room during their stay.

If you’re likely to need to book a stay of 2 nights or longer during your cardmember year this could be a nice benefit to have – $100 will go a long way towards buying 2 people a nice meal at a good hotel – but some caution is required.

Firstly, if you wouldn’t have made the hotel booking if the Amex Gold Card wasn’t offering you an onsite credit this isn’t a genuine saving for you. Secondly, be aware that bookings made through the hotel collection are considered 3rd party bookings by most hotel chains so any elite benefits you may have with that hotel’s loyalty program are unlikely to be honored.

Essentially, the $100 credit is best used at properties where the cardholder doesn’t have elite status and where the $100 would have been spent whether or not the credit was being offered (this works particularly well at boutique hotels which, mostly, don’t have loyalty programs).

The Gold Card Offers Trip Delay Coverage

At the beginning of 2020, American Express improved the travel benefits on a number of its cards and one of those improvements was the addition of Trip Delay coverage to the Amex Gold Card. This coverage isn’t as good as the coverage offered by the Platinum Card or by the Chase Sapphire Reserve card as your trip needs to be delayed by over 12 hours before the card will come to your rescue but, in the event that this happens, cardholders are entitled to up to $300 per trip for expenses, like overnight accommodation, meals, and other key essentials. The coverage is limited to two claims per 12 consecutive month period.

Final Thoughts

The American Express® Gold Card is a card you hold for the great earning rates that it offers and not the benefits. Some of the benefits that the card offers can be very useful, but the Gold Card’s primary function for most cardholders is as a points earning machine.

If you’re a fan of Membership Rewards (a lot of people are) and spend significant sums on dining and at supermarkets, this is almost certainly a card you should be considering as there isn’t another American Express card that can match what the Gold Card earns in those categories.

Just as importantly, it’s good to remember that no other card on the market offers excellent returns on both dining and US supermarket spending – there are cards that offer great returns in one category one or the other, but not in both – and that’s a key strength that the Gold Card has.

If you’re just looking for strong earnings on dining the Citi Prestige is probably the card to go for (although make sure you can justify its $495 annual fee), and if it’s just a great return at US supermarkets that you’re after and you don’t mind earning cash back, the Blue Cash Preferred Card is definitely worth considering.

Overall, however, the Amex Gold Card is a key component in most people’s Membership Rewards strategy as it offers strong earnings in categories where a lot of people put a significant amount of spending. Put simply, if you’re looking for a card to help you boost your Membership Rewards Points balance on everyday spending, this is probably the card for you.

Find out how to apply for the American Express® Gold Card

The Excellent 6% Cash Back Card

The Blue Cash Preferred® Card from American Express is one of the more rewarding cashback cards on the market with its market-leading rebate at U.S supermarkets, market-leading rebate on spending with streaming services, great cash back rates on select travel spending, and strong cash back at gas stations too. This card comes with a $95 annual fee which is currently waived in year 1 (rates & fees).

The Great Earning Rates (Terms Apply)

  • 6% cash back at U.S. supermarkets on up to $6,000 spending per year*
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit spending (e.g. taxis/Uber/Lyft, parking tolls, trains, buses)
  • 3% cash back at U.S. gas stations
  • 1% cash back on spending in all other categories

Click for more details on the Blue Cash Preferred® Card from American Express

Regarding Comments

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser or any other advertiser. It is not the bank advertiser’s responsibility or any other advertiser’s responsibility to ensure all posts and/or questions are answered.


  1. I and my wife each have the new Amex “rose gold” card. Would you please
    explain any differences between the new card and our old “|gold ” cards with the
    same card numbers and new cvv numbers and later expiration dates?

    Thank You,

    Milton G Anderson

  2. The gold card is a rip off. The dining credits funnel your spending to a few specific restaurants that not everyone uses. They are monthly, so they force you to repeatedly remind yourself to use (or lose them).

    Same thing for the Uber credit. Even more useless if you don’t use uber.

    This card basically gets you to pay $250 for the opportunity to earn 4x MR points, and to schedule your dining and transit usage around the limited options Amex has – like some Shake Shacks, or the Cheesecake Factory.

    Never once have I said to myself I need an excuse to eat more Cheesecake Factory. The value prop for this card is so mediocre that it was the card that originally made me realize what a sucker I have been to the miles/points game. And then from there – it was all downhill. I started cancelling cards left and right.

    So in a way….the Amex Gold card was a great card; it saved me tons of money by teaching me to cancel all these cards – and quit signing up for mediocre cards (Especially as 60k convertible currency points have been diminished in value so much. 60k of any point or mile isn’t what it used to be in 2007.

    This is just my opinion though. But $250 for this is ucky – it is a $99/yr card with crappy Uber/Cheesecake factory benefit.


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