American Express Gold Card Enhances Rewards, Raises Annual Fee
American Express is revamping its popular Gold Card by significantly enhancing its rewards structure. The new rewards card will no longer offer points for gas purchases, but will instead focus on food and travel.
The updated features for the American Express Gold Card include:
- 4 points per $1 spent at U.S. supermarkets for up to $25,000 worth of purchases (previously 2 points)
- 4 points per $1 spent at U.S. restaurants (previously 2 points)
- 3 points per $1 spent booking flights through the American Express travel portal
- $100 airline fee credit
- Up to $10 per month dining credit at Shake Shack, The Cheesecake Factory, Ruth’s Chris Steak House, and Grubhub/Seamless (only at participating locations)
The card also provides discounts on cruises, flights, lodging and other travel accommodations booked through American Express.
Members who apply for a Gold Card between now and January 9, 2019 will receive 20% back at restaurants for the first three months. The rewards will be applied as a statement credit for up to $100. New cardholders can also earn 25,000 bonus points after spending $2,000 on the card during the first three months of card membership.
American Express is increasing the annual fee for the Gold Card from $195 to $250. Existing cardholders will be charged the new annual fee beginning April 1, 2019.