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Gold American Express Card gets 2x points on dining, flights no foreign transaction fees

by on Tue June 2, 2015 • 2 Comments
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Screen Shot 2015-06-02 at 11.46.58 AMThe Gold Card from American Express has been a pretty basic card with a high annual fee for a while. It earned one Membership Rewards point per dollar with no special category bonuses.

And in February American Express let cardholders of the traditional Gold Card know that it would be increasing the annual fee from $125 a year to $160 in June.

But it gave no indication of whether any benefits would change.

But now it has quietly launched new benefits for cardholders:

  • 2x points at US restaurants
  • 2x points on purchases directly with airlines
  • No foreign transaction fees

Screen Shot 2015-06-02 at 11.27.35 AM

They are definite improvements, as the Gold charge card wasn’t very competitive before. Charging foreign transaction fees on a card so heavily marketed to international travelers was a real sticking point and it’s good to see them disappear.

But the higher annual fee makes it an even more confusing a comparison with the newly enhanced Premier Rewards Gold card, which now has a $195 annual fee and offers:

  • 3X points for airfare purchased directly from airlines
  • NEW 2X points at US restaurants
  • 2X points at US gas stations
  • 2X points at US supermarkets
  • $100 Airline Fee credit
  • No foreign transaction fees

So for an extra $35 a year you get a $100 airline fee credit, 2x at gas stations and supermarkets, and an extra point per dollar on airline purchases.

Both earn the same Membership Rewards points, so it’s hard to imagine a situation where you would prefer the Gold over the Premier Rewards Gold card.

American Express has a lot of legacy customers for the Gold card, and some enjoy discounts or waivers on annual fees, so if you’re in that camp it can be worth it to keep the card.

Otherwise, if you like your Gold card, you’re probably better served by the Premier Rewards Gold card with a slightly higher annual fee and more benefits.

If you have neither, the Premier Rewards Gold tends to have good sign on bonuses, while Amex rarely offers any introductory incentives for the regular Gold Card. We think the regular Gold Card may be more of an introductory product for people with a more limited credit or spending history before graduating to an American Express credit card or the Premier Rewards or Platinum charge cards.

You can compare the point earning power of all Membership Rewards cards here, including the no annual fee Amex EveryDay card which earns full value Membership Rewards points.

 

Chase Sapphire Preferred® Card

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Partner Offer

50,000 bonus points

Intro Offer

$0 introductory annual fee, then $95

Annual Fee

$0

Foreign Transaction Fee Waived

Yes

Points Can Transfer to Airline Miles ?

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2 thoughts on Gold American Express Card gets 2x points on dining, flights no foreign transaction fees

  1. Rashied

    Good day,
    I am traditional Gold Card holder and member since 1989, Amex sent me an email about the new benefits which includes No foreign transaction fees on my Gold Card purchases outside the US, however, they still charged me with foreign transaction fees and when I contacted Amex customer professionals, I was told that my amex card is a traditional gold and not eligable for the New Benefits.
    What shall I do

    Reply
    1. MileCards.com

      @Rashied – When did you make those purchases? If you received a letter and the date of the purchases was after the effective date of the benefit, you should try again with them.

      Reply

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