90% of Amex Gold Users Are MISSING OUT (5 Overlooked Benefits)
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- เผยแพร่เมื่อ 18 ก.ย. 2024
- In this video, we go over the Amex Gold card and 5 overlooked Amex Gold benefits that many holders of this credit card forget about. These benefits allow users of the American Express Gold card to get more value by either earning more points or reducing the annual fee so that it’s easier to make the Amex Gold worth it. American Express credit cards like this Amex Gold card can have higher annual fees, so it's important to get value from these credit cards that exceeds that annual fee by as much as possible.
I think that the American Express Gold card is one of the best credit cards in 2022, especially if you plan to use the Membership Rewards Points that it earns for travel with transfer partners. But at $250 per year, it can be tough to justify for a lot of people. The $240 of annual credits towards Uber and dining partners can help bring more value, but I like to take advantage of other forgotten Amex Gold benefits as well.
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AMEX waiving the annual fee for military is a huge benefit for military members and should definitely be taken advantage of!
Active military only?
@@rayquitola2062 It includes Active/Guard/Reserve, but not veterans. However if you get the card while still active and then retire/separate, you'll probably have a few years afterwards before they start charging a fee
I love that Amex waives the annual fees like that for active duty military!
Chase did the exact same thing for me and waived my Sapphire Reserve AF. From what I've gathered, Chase and AMEX are very liberal on their interpretation of the SCRA/MLA and are willing to include the annual fees.
facts i got every Amex with annual fee under the sun lmao
This is the perfect card for me😭 I’ve only had for 3 weeks and already racked up over 4K points 😌
Nice! Glad to hear that you're getting good value from the card 👍
The hotel collection benefit is great and no one talks about taking full advantage of this benefit. You can use it for upto 3 rooms per stay and receive that $100 credit per room. So traveling with family and friends this is really useful and also it’s not just a one time use credit, it’s a multi use credit that can be used when ever traveling at the properties in the Hotel collection program
Retention offers are great. On the platinum I received a 55k points after 3k spend in 3 months. On the Gold card I received 30k after 3k spend. 85k points for something I’ll hit in a month of normal spend was great! That’s $935 when applied to a Schwab account at 1.1% just for the offer, not including the 4x MR points that will come along with that normal spend.
Definitely utilize the cards to their full advantage, and budget out your spend!
The $100 corporate credit was a WIN for me! Thank you! You just gave me 100 bucks just for watching this video.
Love to hear that Juan! That's exactly what makes creating these video so worth it for me - instant savings!
These benefits will definitely give you more bang for you buck. That annual fee is definitely not cheap so it’s best to take advantage of the card as best as you can. 👍🏽
Yeah for sure! I always try to get as much value as possible from all the benefits on the Gold card 👍
I really wish I had known about this year's back. I uber and dine out on the daily. Just got approved and will be getting my card on Friday 😀 Glad I found your channel. Just gained yourself another subscriber!
Awesome, glad to hear that you'll get good value from this card! And thanks so much for watching and subscribing, I really appreciate it 👍
I get more value from Amex Offers than I do from the Uber or dining credits.
Nice! Yeah those Amex Offers can be very good!
this guy knows how to explain a complicated bonus system like AMEX's, very good channel !
Got retention offer last month! Spend $2000 in three months to get 20,000 points. It was super doable and easy peasy!
Using credit card offers is so big. Anytime I need to buy something I check them all, not just Amex. I needed new work shoes, Chase had 8x points if I bought the pair on a specific site. I needed a new phone. Cap1 was offering 6% back as a statement credit. Wanted to send flowers to mom for her birthday, 15x points on Chase again. It's just free money for stuff I was going to get anyways.
Absolutely! I always do the same and check different shopping portals and credit card portals to look for offers 👍
I am planning on getting the Amex gold this year so this video will be super helpful to keep in the back pocket. Thanks Daniel!
Nice, you'll definitely like the card if you use those credits and spend a lot at restaurants and grocery stores! Glad you liked the video
If you want me to refer you I can. It would benefit both of us! I just got my card
On the Corporate AMEX $100 statement credit, keep in mind that in order to link the corporate card to your personal account there is a $55 annual fee, on top of the $250 AMEX Gold fee.
I still took advantage of the 100 credit even if it costs the 55 to get the points!
Hi Daniel. I just wanted to say THANK YOU for letting us know about the corporate card benefit. I just applied for a gold card not knowing about this, and Amex customer service was great about adding the personal card annual credit of $100 to my account. Thank you!
Sitting at 106,507 Amex points atm , planning a trip to Hawaii soon! Love my Amex card
How long it took?
Thanks for the transparency Daniel.
Always happy to be transparent! Thanks for watching 👍
Found a referral link online and this persons referral link gave me a 90,000 point welcome bonus for the gold card… I had never seen such a high welcome bonus so I had to apply and was approved! It’s coming tomorrow!
Hey Daniel, great video! I think Amex offers are the most underrated ways to get value out of Amex cards. I get so many additional points and statement credits just by checking the offers weekly. Also you’re spot on in regards to Rakuten. Between Amex offers and Rakuten I’m constantly get 3X+ with my Platinum Card.
Hey Andre, thanks for watching man! I definitely agree, those 2 things combined can really take any Amex card like that to the next level for earning points!
Bingo!! 🎯
I have the Amex Plat as well as Hilton honors and sometimes the credits are the same even though the Hilton Honors has no annual fee! I got $10 back at the grocery store when I spent $50 with a Hilton Honors credit. Considering the price of food for the week it’s easy to hit that mark. Don’t sleep on these offers
Rakuten is definitely a strong benefit that many people don't know about. Nice work!
Thanks! Agreed, Rakuten is great and something that anyone can take advantage of!
This is my favorite perk of being in the military. No fees for any of my cards from Amex and chase.
Yeah that's a great benefits to take advantage of for some great cards! Thank you for your service!
Nice job, great content! You're the only one I have seen so far that mentioned the statement credit for having a Corporate green card (you need to call the number on the back of your green card to activate it) and the fee waiver for members of the military. I will be sharing this video. Thanks!
The corporate card credit works and is credited on the anniversary of the corporate card account. But you need to call the number on the back of the corporate card to get it.
Love the transparency🔥
Thanks Jasen, appreciate it!
Only really use the Uber credit as of rn but when paying that much I need to get more value
Yeah it always good to get as much value as possible! Glad to hear that you're getting value from the Uber credit at least 👍
You deserve more subs! Thank you for all your informative video, Daniel!!!
Hey Dan, can you make a video on your opinion over using the freedom unlimited for restaurants and upgrading the points with the reserve card, versus going for the Amex gold? I am having a hard time justifying the gold card after having the chase trifecta. Does it all come down to if you can get extra value from transfer partners? I spend a lot on food and my wife spends a ton on shopping, is there a spend threshold where it is worth switching to the Amex system?
I also worry most TH-camrs push the gold because there is a financial inventive to do so.
I can’t wait to have a gold card! I am so ready; I am cleaning up my credit, report, and investing until I get accepted by American Express!
I used to have that type of excitement and anticipation about having one too! But i never applied for one. What i did do was open an Amex Blue Cash Everyday card, spent and maintained well for a year, and 2 months ago received an invitation from them to get one. Needless to say, jumped right on it, received my Rose Gold, and now enjoying the benefits and the security of having a card like this in my wallet! Its all gonna happen for you, youll see!
I would totally send you a referral when you get one. It could benefit both of us
100 dollar Hotel credit isn’t always for food and drink. It’s often spa credit.
Correct, I think I mentioned that at the start of that fourth benefit but then I talked about redeeming for food and drinks. That's just how I've used this credit before but it will all vary by property for how you can use this credit 👍
I qualified for Corporate Advantage Program and used your referral link for Rakuten, Dan. This is a big (personal) win for me since I use both AmEx Green and AmEx BCP. Thanks for this!
Thanks so much for using the Rakuten link! And that's great to hear, I'm really happy that the corporate card benefit was able to help you out 👍
The corporate info was great, thanks!
I have the gold card and to be honest I don’t like it. They don’t credit your points until 8-12 weeks after eligible purchases AND they make you pay the annual fee (250) on your first statement. The fact that I do not have a set credit limit also does nothing for my credit and most of their offers do not suit my lifestyle. I should’ve done better research. I have cards with massive limits and don’t pay any annual fees. If I had to pay the 250 after one year of use.. maybe I would feel differently.
Not having a set credit limit is seen as a benefit by some, because it means purchases on the card don't count towards your revolving credit utilization, allowing you to keep that % lower which is good for your credit score.
I don't have the AMEX Gold, but I know many that have it. Good video Danny.
Yeah its definitely become a popular card. Thanks as always for watching Scott!
What wallet do you use? I like the brown leather
It’s called The Apollo from a company called Andar! There’s a link to it in the video description 👍
Excellent content and informative. New subscriber. 😊
What's the point good for?
Can you make a video on maximizing your points for the amex platnium card I enjoiy your videos so much thank you for all the tips and advice.
This is a very informative and awesome video. Thank you so much for sharing!
Hey daniel love the videos! Please make an amex redemption video, I think it would be very beneficial to all the viewers.
In Australia it is actually illegal get offered anything once you say you are going to cancel a card or even thinking about it so it it more complicated here. Guess one good thing about US cards.
Thanks for the great video. I am considering getting this card.
Thanks for watching, glad you liked it! I think its a great card for a lot of people since it focuses on food
I just got mine. I would totally send a referral if you want one. Would benefit both of us!
Great video summarizing overlooked benefits. However, I am not sure if retention offers can be counted as benefits.
Hey Daniel any thoughts on asking for retention before the charge posts vs after? Thanks
Hi Daniel. Thanks for reminding me of Rakuten. I knew about this feature - I just never think about it! Hope all is well.
Hey Anthony, thanks for watching! Yeah I've been liking the Rakuten MR points feature myself - definitely has helped me earn some extra points. Hope as is well with you too 👍
Absolutely ridiculous amex replaced the flight credit with the Uber credit that doesn't stack
Just got my Gold card 2 days ago! Got a 90k point sign up bonus too!
How? They only have 75k right now
@@ziggyzuko151 idk I saw 75k earlier in the day and contemplated signing up. Then I randomly checked again at like 10pm and saw 90k and signed up immediately. I didn’t believe it either so I chatted with someone in the app and they confirmed it.
30,000 points per referral? Damn, I sure wish I had friends.
My dad's a vet and the "relief act or w.e it's called, expires I think a year or 2 after leaving the military. Donuts great for active military, but does expire quick!
Yeah I'm not sure exactly when the benefits expire but it is meant for active duty so definitely something to take advantage of while active!
Solid insight!
I knew about all of them but you opened my eyes on the rakuten one ima turn that on haha
hey, one thing frequently missed in these kinds of video is the shop runner subscription
Does the corporate advantage thing work only when applying for new card.. it seems the joining offer is only 60k when applying through corp advantage but externally i see 90k
Check all your amex cards as well since they all have different offers
Hey Daniel, great video. Just got my AMEX GOLD in the mail. Was wondering what wallet do you use ? @0:22
Thanks so much - and enjoy the card! My wallet there is call The Apollo from a company called Andar. Here's a link to it: danielbraun.me/Andar
@@Daniel_Braun Cool man. Thanks!
Is it worth getting Amex Business Gold and Personal Gold? Good combo? Please help!
Do you have to pay rewards referral back on taxes?
How would I access the credits? Like for Uber or the hotels?
You have to link your Amex Gold to your Uber account and then every month Uber will give you $10 in Uber cash. The $100 hotel credit for use with only Hotel Collection hotels booked through Amex Travel will be automatically applied to your account after a qualifying purchase is made during that specific hotel stay with your Gold card. Again that credit only works for select 2 night Hotel Collection hotel stays
@@Daniel_Braun thank you so much! I’m new to AmEx and I’m still learning! Very helpful!
@@TassyMaee365 Happy to help! I'll also have a new video later this week going over a full guide to redeeming Amex points that should be useful 👍
I really wish Amex would ditch either the Uber or very limited dining credit and off either a hotel or travel credit, like the Sapphire Cards do. It is a travel card after all.
Yeah I honestly am not a big fan of the limiting dining credit especially. I use the Uber credit more often - but I think a travel credit would be very welcome by many!
What if you are not a frequent traveler? Correct me if I am wrong, I would not get the Amex Gold card. Which Amex card or cards would you suggest for people who travel once per year?
So the Amex Gold card can be good even if you don't travel much - but you'll want to make sure that you use the $240 of credits to make the card worth it. It's definitely not going to be worth it for everyone, so I also really like the Blue Cash Preferred! It's a cash back card but can earn a ton of cash back!
@@Daniel_Braun The Blue Cash Preferred was my first Amex credit card. The main pro is great for gas and groceries and the main con is the cash back on that card can only be used as statement credit.
Video came just in time. 🙄 my membership fee hit today
Haha never a good feeling when that annual fee pops up in your account! Glad the video was useful!
Can you combine points from different card families into a bigger pool of travel miles or hotel nights?
Amex gold or csp??
Dang I only get $120 in Uber credits. Who is getting double?
Can you do this for platinum too? 😍
Yeah I'd love to do a video like this for the Platinum card soon as well!
Which is the best Hotel Chain to use with this AMEX Gold Card? I just got approved. 💳
Are the benefits indenticle in Canada?
I dont see the amex option on rakatin
Is it bad to apply for 2 credits cards at once, if you plan to use them both wisely, specifically for the Apple Card and the chase freedom flex ?
I have the Apple Card , don’t get it. It looks cool but it’s not that good. But it is free to keep
@@adamdiazzz my case is different tho because I have quite a few apple purchases coming up so the 3% would be nice plus it’s a very simple card for me to use and start growing my credit more and I will never not buy from apple tbh because I like their products so the card has lots of use for me
Apple Card is garbage. Apple products are cheaper in Costco anyways, plus Apple Card doesn’t support budgeting app
I see amex as a luxury ítem or even statement if you will, here in my country, the fees for the gold are almost 500 usd and 1000 usd for the platinum, we dont mind it that much but hey, every bit of extra juice you can get from them is welcomed
Yeah these cards can be very different in different countries, but always good to try to get as much value to justify that fee by as much as possible!
can i ask for retention offers year after year?
The Green Card hack omg 😱. Question -- my 1 year renewal is coming up in August, would it be better to apply this now, or wait until August and after I try for a retention offer?
I would just say that if you have a corporate card then the sooner the better to see if you can get the statement credit applied for the current year. Then you can see if you can get a retention offer in August as well if Amex will give one to you
Does the retention offer for the annual fee work with the business gold amex?
honestly its good content, but no need to stretch it out. you can tell the guy is only here for the view minutes and earnings
For Amex gold cobranded in case Scotia Bank Canada do you know if I have the same benefits?
What wallet is that
I tried adding my Amex Gold card to my Rakuten account but it wouldn't let me. I'll try again another time if I remember. That tip would come in handy for me because I use Rakuten quite a bit.
I run into issues when referring people because online publicly there are way better offers for gold than what my link can offer
I thought the same thing before, but actually when you share your link, the offers can change depending on who uses the link. Sometimes the offer may be less than public offers, sometimes it may be same or better. So best practice is to always check for the best offer available to you!
Questions is their a reconsideration line to call for Amex I’ve been turn down
I already have have one trying to get a second
Any Help would be Appreciate
What about their travel insurance?
So we can't get supermarket points at Costco, Walmart, etc.??
No
If your credit score were to reset and you had no credit cards and you had to start over from scratch. What would be your first 5 credit cards?
AskSebby recommends to get one card, build your score above 700 with the one card, then go for the Chase Trifecta, Freedom Unlimited , Freedom Flex, and Sapphire.
Here’s my fear, what if the anuel fee increases ?
Unfortunately that's a possibility like what Amex did with their Platinum card last year. But they usefully add benefits and credits to help offset that annual fee. I'd say that if you're concerned about the annual fee increasing, then cards like this card best to stay away from. No annual fee cards would be better because those are highly unlikely to ever get an annual fee.
With the annual fee does how does it work, like do you pay it with the card or do you have to pay when you get approved ? This is going to be my first card with a fee and I’m just waiting because I’m looking at leasing a car in a few months.
They will charge the annual fee on your first bill.
@@andreclark2472 do you get points with that fee? From the first bill? I just got approved
Reach out to Amex and see if they’ll give you an increase link referral limit considering your reach!?
I don't think I get the $100 credit unfortunately. Didn't AMEX stop that offer for people applying after a certain date? I've had mine for about 7 months.
There used to be an airline incidental fee credit that was discontinued recently, but the hotel credit is still there! If you go to the Amex Gold website page you can see it under the travel section
Does AMEX points ever expire & also does the $10 credit a month for Uber roll over to next month?
I don't believe the points expire if you are in good standing. The Uber statement credits are use or lose it and don't roll over.
That corporate offer is not talked about much.
Do u think i can qualify for retention offer if i missed the SUB? I opened mine after 4 months. So I basically missed the SUB and credits
And ive been using it almost everyday
you should definitely mention that as a reason why you’re reconsidering the account
When does Amex request the full payment back after you use their credit? Let's say I spent £1000 today, does that mean i need to pay £1000 in 30 days? Can I pay bit by bit?
Yes! You may pay bit by bit, but remember that comes with interest. Depending on how much you pay the statement
I have the BofA cash rewards for 3% cash back online shopping and the Citi double cash back for everything else. Looking to add a third but there’s too many that’s it’s overwhelming. Which card to you suggest (if any) for a 23yr (770 credit score)
Won't you be stealing points from your friend by referring them? I'm assuming they get the public welcome bonus instead of a targeted one if they use your referral.
They can actually get the same targeted offers even with a referral link! The best practice is to use incognito mode in chrome or try different web browsers at different times of the day until you see the top target offer.
This involves people needing to know what offers are out there as well which can be found by doing some research online.
Great info much thanks! ..dem lips just so interactive everytime😄..smack..smack!
Is the annual fee for the first year waived ? Or do u get charged as soon as you get accepted for the card?
The fee gets added on the last day of the first billing statement
11:15 Rakuten
I most certainly like you A GREAT DEAL MORE than Mark Reese. But I found this video title to be deceptive, since most of your points were not listed unique to the Gold Card.
Is the 90% backed up data points or made up?
Why u keep saying credit card when this is a CHARGE CARD
It technically is but Amex doesn’t call them that anymore. Either way it doesn’t really matter because the same things apply as credit cards - everyone should pay of on time and in full. There’s just no preset limit
kind of washed, every TH-cam credit card guy says the same shit. "offers, rakuten, use my link, blah blah blah" yall just re using the same jargon over and over again. not creative.
Hey Rafael, this is actually only the second time that I've mentioned Rakuten in a video here on my channel out of my 75 videos and I really do actively try not to push links too much because I want my channel to be about the content more than anything and I know what you're saying about some channels mentioning links too much.
However, as a content creator, we also put many many hours into each video because it takes way more effort than most people realize to plan, script, film, and edit each video (this video probably took close to 10 hours in total from beginning to end to make it). Then its free to watch here on TH-cam and I try to provide as much value as I can for my viewers to learn new things.
Mentioning affiliate links for good products like Rakuten every now and then allows my viewers to get something valuable like a bonus while also helping to support the channel by giving me a commission as well. It allows me to continue making content that is free and actually helps me avoid using sponsors that could pay me to advertise their products. So overall, it's meant to be a positive thing that allows the audience to get something of value and it allows me to make more future content for free. I also say no to 99% of companies that ask me to mention their links and I only ever mention products that I use myself and think my audience would enjoy.
I understand if you choose not to watch my videos, but I like to respond to comments like this and be as transparent as possible about the process of making TH-cam videos because I want to be able to continue sustaining my channel to grow it and provide more value as I get better over time. Thanks for reading this long comment if you do! 👍
WHY DO YOU TALK SO FAST ?