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American Express® Gold Card Review – Benefits & Rewards


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Our rating


American Express® Gold Card

  • Welcome Offer: Earn 60,000 Membership Rewards points after spending $4,000 in purchases within the first 6 months
  • Rewards: Earn 4x points on restaurant purchases and 4x points on U.S. supermarket spending (up to $25,000 in annual category spending); 3x points on airfare purchased directly with the airline and; 1x points on all other eligible purchases
  • Benefits: Enjoy Uber Cash up to $120 per year in statement credits to offset rideshare and food delivery purchases; eligible fees include fees for checked bags, fare change, food and beverage, airport lounge passes, and other non-airfare items. Also, enjoy up to $120 per year off dining purchases made through Grubhub and other eligible apps. Enrollment is required to enjoy these benefits.
  • Intro APR: None
  • Fees: No foreign transaction fee
  • Annual Fee: $250
  • Credit Needed: Good/Excellent
  • Terms and conditions apply: see rates & fees

Earn $300 with a new U.S. Bank Smartly™ Checking account

- Enroll in online banking or the U.S. Bank Mobile App
- Complete two or more direct deposits of at least $5,000

Member FDIC

The American Express® Gold Card is an exclusive card with a $250 annual fee and no preset spending limit. It features a generous rewards program built around travel and everyday expenses.

The catch, of course, is that this card is reserved for people with truly excellent credit, and thus isn’t appropriate for first-timers or those with any serious fiscal blemishes. It’s comparable to other American Express rewards cards, including The Platinum Card from American Express and the Blue Cash Preferred Card. It’s also comparable to cards issued by other companies, including the Marriott Bonvoy Boundless™ Credit Card from Chase.

Key Features

These are the key features of the American Express Gold Card.

Welcome Offer

After you spend at least $4,000 within 6 months of opening your account, you get 60,000 bonus Membership Rewards points. That’s worth $600 or more, depending on how you redeem.

Earning Rewards

This card earns 4 points per $1 spent at restaurants and 4 points per $1 spent on the first $25,000 in annual purchases at U.S. supermarkets. Plus, earn 4 points per $1 spent on eligible Uber Eats purchases too. Earn 3 points per $1 spent on purchases of airfare purchased directly through airlines or, but not third-party booking websites such as Kayak and Expedia. All other purchases earn 1 point per $1 spent.

Keep in mind that American Express doesn’t consider warehouse clubs such as Costco or big-box discounters such as Walmart to be supermarkets, and restaurants contained within hotels may not be considered restaurants for categorization purposes.

Redeeming Rewards

You can redeem your accumulated rewards, starting at a minimum of 1,000 points, for a variety of purchases and cash equivalents available at American Express’s Membership Rewards portal: travel, general merchandise, Uber and taxi rides, gift cards, restaurant meals, statement credits, and more.

Points are worth $0.005 to $0.01 apiece, depending on how they’re redeemed. Gift cards and travel (both $0.01 per point) tend to offer the best value, particularly compared with statement credits ($0.006 per point) and general merchandise (as low as ($0.005 per point).

Uber Credit (Uber Cash)

You’re entitled to up to $120 per year ($10 per month) in statement credits to offset purchases made in the Uber app, including Uber Eats and Uber rides. To qualify, you must add your Gold card as a payment method in the app. Enrollment is required.

Restaurant Spending Credit

Earn up to $10 in statement credits each month on spending with Amex dining partners, up to a total potential savings of $120 per calendar year. Partners include Grubhub, The Cheesecake Factory, Goldbelly,, Milk Bar, and select Shake Shack locations. Terms apply and enrollment is required.

Complimentary Hotel Room Upgrades and Credits

When you book a hotel stay of at least 2 nights with your Gold Card, you get a complimentary room upgrade (subject to availability) and $75 hotel credit. You can use the hotel credit at any time during your stay for dining and incidentals, such as spa treatments and resort services.

Entertainment Benefits

The Gold Card offers a slew of entertainment benefits, including pre-sale ticketing, exclusive (cardholder-only) events such as Broadway shows and concerts, and complimentary preferred seating (front row, orchestra level, lounge section, and so on) for select sporting events and musical performances. Enrollment is required.

Important Fees

The annual fee is $250, and there is no foreign transaction fee. Returned payments cost up to $39 each, and late payments, defined as any unpaid balance older than 2 months, cost the greater of $39 or 2.99% of the late amount. Balance transfers and cash advances aren’t allowed.

Credit Required

This card requires excellent credit. Any significant credit blemishes are likely to disqualify your application.


  1. Flexible Redemption Options. The Gold Card accrues Membership Rewards points that can be redeemed for virtually anything: travel, general merchandise, local transportation, gift cards, statement credits, and more. Plus, redemptions start at just 1,000 points, a $5 to $10 value. These are big selling points relative to many hotel and airline rewards cards, which generally require at least 5,000 (and sometimes 10,000 or more) points for redemption, and typically permit redemptions only with specific hotel or airline brands.
  2. Solid Welcome Offer. The Gold Card has a great welcome offer that requires a moderate amount of spending over the first 6 months of cardmembership.
  3. Up to $120 Annual Credit for Frequent Diners and Up to $120 Annual Credit for Uber App users. This card’s $10-per-month dining credit is worth up to $120 per year when fully utilized. That’s great news for cardholders who don’t always feel like cooking. And the $10-per-month Uber Cash deal is great for cardholders who regularly use Uber’s rideshare or food delivery services. Enrollment is required to enjoy these benefits.
  4. No Foreign Transaction Fees. This card has no foreign transaction fees, which is a nice perk for frequent overseas travelers. By comparison, Citi ThankYou Preferred has a 3% foreign transaction fee. U.S. Bank FlexPerks Visa Signature has a 2% to 3% foreign transaction fee, depending on denomination, while AmEx EveryDay Preferred‘s foreign transaction fee is always 2.7%.
  5. No Preset Spending Limits. The Gold Card never comes with preset spending limits, although American Express reserves the right to limit future spending based on purchasing and payment patterns. Many competing rewards cards, including otherwise generous options like Citi ThankYou Premier, do impose spending limits (generally $5,000 and up). No Preset Spending Limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history.


  1. High Annual Fee. The Gold Card comes with a $250 annual fee. That’s significantly higher than many other rewards cards, including Citi ThankYou Preferred ($0) and Citi ThankYou Premier ($95). If you don’t take full advantage of the Gold Card’s value-added benefits, such as hotel room upgrades and airline credits, you’re better off with a less expensive card.
  2. Requires Near-Flawless Credit. Although American Express doesn’t divulge the precise credit score minimum needed for approval, nor does it discuss other screening criteria in detail, it makes no secret of the fact that the Gold Card is for people with excellent credit. If you have any noteworthy blemishes on your credit report, you should not expect to be approved for this card. Rewards cards geared toward less-experienced card users, such as Capital One VentureOne, are better fits for applicants with average to good credit, while mid-tier rewards cards such as Citi ThankYou Preferred are better for applicants with very good credit.
  3. Low Redemption Value for Statement Credits. The Gold Card’s statement credit redemption option values earned points at $0.006 apiece. If you redeem 10,000 points for a statement credit, you get $60. That’s a low redemption rate for this category. By comparison, Capital One Venture, a general-purpose travel rewards card with a $59 annual fee, values points at $0.01 apiece.

Final Word

The American Express® Gold Card isn’t totally free of drawbacks. But with an excellent rewards program and no preset spending limit, it could earn you quite a few Membership Rewards points with regular use. Perhaps it’s time to start imagining what you’ll do with the Gold Card’s impressive spending power.

For rates and fees of the American Express® Gold Card, please visit this rates and fees page.

The Verdict

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Our rating


American Express® Gold Card

The American Express® Gold Card is a powerful rewards card for frequent travelers, grocery store shoppers, and drivers who have near-perfect credit and can spend enough to offset the $250 annual fee. Good values on travel and gift card redemptions increase value for gift-givers and vacationers, and the lack of a preset spending limit eliminates stress around large purchases for those who can afford to make them.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.