[RUMOR] Amex Gold Card is CHANGING | Amex WHITE GOLD Card
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- เผยแพร่เมื่อ 6 ก.ย. 2024
- The Amex Gold Card is rumored to be getting a BIG UPDATE! Take a look at the Amex WHITE GOLD Card option, the new benefits, and annual fee increase to see if it’s worth it for you! Click “Show More” to see Ad Disclosure.
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Here are the RUMORED Amex Gold Card changes coming in 2024…
1. The annual fee is increasing FROM $250 TO $325 (i.e. an increase of $75)
2. The welcome offer at card relaunch will be to earn 60,000 Amex Membership Rewards points after meeting a spend requirement, plus 20% back on restaurants, likely as statement credits, up to $100.
3. You’ll be able to choose an Amex WHITE GOLD CARD for a limited time / while supplies last.
4. NEW CREDIT 1: $84 Dunkin Donuts credit, issued as $7/mo.
5. NEW CREDIT 2: $100 Resy credit, issued as $50 semiannually.
6. The 4X Restaurants category will be limited to $50,000/yr. of spend, then 1X beyond that until it refreshes the following year.
7. Both Milk Bar and Shake Shack will be removed as partners for the $120 Dining Credit. Five Guys will be added.
8. The $120 Uber Cash benefit ($10/mo.) will remain unchanged
Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, Biltrewards.com and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
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Bottom line for me is that I would never pay $300+ for a card with no lounge access.
And a $7 Dunkin credit? How random is that? That sounds like something that The Onion would publish to satirize Amex's runaway coupon book strategy. What, no $5 7-11 Big Gulp credit? How about a $4 Taco Bell Chalupa credit?
$7 is not enough for a custom drink and sandwich but too much for just one or other. It’s an amount almost promised that the customer will spend their own money in addition to the credit. It’s kind of evil genius.
I would take a chalupa credit😂😂
Honestly though, i genuinely did believe that this was satire when I first heard it
I agree the changes are bad but it's still easily worth it regardless
Priority Pass is a must for the Amex Gold at $325!
Don’t think I’ll bother with this card if this refresh happens. It was already a tough sell and the card is just not worth 325 in my opinion.
It's worth it still. Amex points game is strong as hell still and this, though a really watered down version of itself, still worth it in a lot of cases. I also think amex everyday preferred can replace it potentially though. The sub if you don't have it and retention offers can make this easily still worth it though.
FINALLY the $7 Dunkin donuts credit is coming.. been writing that into the surveys for years
Its all your fault… 😂
$7 in Dunkin Credits is such a odd number. You would figure it would be $10 in Dunkin. Amex is getting worse.
Price strategies, you buy to get the credit, but still have to pay those extra few dollars.
Shrinkflation😂😂
AMEX has the same $7/month credit on Disney plus purchases with their Blue Cash Everyday card. I wonder what the next random $7 credit will be for? Haircuts? 😅
Next refresh, $2.50 a month credit for Chuck E Cheese 😂
Amex is becoming a real parody with these credits
Guess a lot of ppl will all of a sudden “lost” their gold and request replacement
The increase in annual fee is not worth the credits in my opinion.
It's a worse card but it's still a great card and worth having. Just like the gold business card change last year/earlier this year
Everyone is dunking on Dunkin, yet the $695 Platinum has Walmart +
I don’t need donut credits. Not for $125
The Wal-mart+ credit is at least auto-statement credited. Basically zero effort after signing up.
@@soapa4279yes but if you have zero intentions of shopping at Walmart it's a useless credit. Low effort but still useless.
Walmart plus makes more sense bc ppl who have money like don’t want to actually go “into “ a Walmart but myself and my coworker does the same thing we will order for delivery which is nice perk to save the money and not have to go inside ❤
@@ChaoSasuke Good point. Wal-Mart in store is a roll of the dice.
5 Guys is so over priced. U can get a 1/2 cheeseburger for $10. I haven't been there for over 7+ years
30 Burgers is so much better bro!
So does it make sense to get the current gold card now for the 90K offer and lower annual fee and will you still get all the new features and white gold option when it comes out?
Yep! Anything less than 90k on the gold card is a dumb time to apply since it is a once in a lifetime sub. I was fortunate to get the 90k + 200 statement credit for 5k or 6k spend. In 6 months.
Yep, that's what I'd do 👍
@@BruceLeeCredit How did you get the 90K offer?
$50 semi-annually is not as bad as I thought. We don't have any close restaurants on Resy, but $50 could be a meal out in the city once every 6 months. Or on vacation. Dunkin is worth $0 to me. Five Guys and Shake Shack were about the same for me. I think I could still make it work.
$7 a month in DD credit is good for me as I usually will go there a time or two per month and get a bacon egg and cheese on a English muffin and in Philly that like $5.43 with tax so throw in a coffee and this credit gets me a little breakfast on one of the few days when I don’t cook for myself.
I already have the Gold card and earned a 90k point SUB. I prefer Starbucks. But I live in walking distance of Dunkin' and won't have any trouble utilizing the credit to get a free coffee and food item once a month. There are plenty of Resy Restaurants in my city and many are favorites that I frequent organically. So honestly, I can maximize all of the new credits for an effective negative annual fee.
Nice! I gotta start Resy hunting now 😂
Super convenient that you're so close to a Dunkin'! And thank you for the Super Thanks! 🌟
How does resy credit work? Will it pay $50 towards your meal?
@@anonymoose2474 - You can view the terms at this link (esp. the 2nd paragraph)...
www.doctorofcredit.com/wp-content/uploads/2024/07/resy-credit.jpeg
There's no cost to sign up for a Resy account and get the app. Also, many reservations have no cost, but peak reservations are based on demand pricing. Those can range anywhere from $2 to around $50, and users can book tables as close to an hour before seating time for brunch and dinner.
Per the terms on the link above, eligible purchases that trigger the $50 Resy credit include "purchases made directly from U.S. restaurants that offer reservations on Resy.com and the Resy app."
As I understand that, yes, it should work toward the cost of your meal.
I just haven't confirmed this personally as I haven't used a card with a Resy credit yet.
The changes aren’t bad in my opinion. They just keep adding more and more credits so it’s just more to keep track of to make sure you get all the value.
Dunkin donuts seriously?
+100 resy is awesome but $84 Dunkin is a wild card
@@albertw6461 As long as they keep it semi-annually, I agree. It should be easy to use. If they do the whole 10-20$ a month, then it is trash.
With the fee increase should have made 5x on restaurants and groceries. And change 3x to 5x for flights
I just filmed a video talking about this. My annual fee posts this month and luckily I will get to test out the new Amex Gold card to see if its totally ridiculous or not that bad. Capital One Venture X is only an extra $70 bucks and has lounge access. The White Gold design looks interesting and wondering if current Gold card holders will be able to request it.
Great to have the $250 AF for another year!
I already paid for the af this year. Therefore, I’m keeping the card until the next cycle. However, personally not paying $375 for a card. For a travel card, there are no lounges, they could had added at least priority pass, and Escape. Furthermore, CDW is only secondary. I can careless about chasing credits. There are too many good cards with no AF offering same multiplier or better. Just Me.
I'm hoping for current gold card holders, there would be an option to choose a different card design and get the updated white gold card.
@@UTubeVidWatcher I know about changing card design, I'm hoping the new white card will be an option, and not just available for new cardmembers.
I got a ton of Rich old boston people where i live they will 100% love that IF they know about it. So if feel like a outiler if people would be into it cause here they would. I usually like the make my own cold brew but i probably average a drink or two a month. Do feel like the citi strata is just so much less jumping through hoops? also help that it makes the double cash and custom cash explode in value to the user. My real issue with Amex is their cards don't fee like they work together all that well out outside of the gold and platinum? the blue cashback cards, the everyday use 30 times a month cards, the business cards, and etc..? Do people even know you still can get some of those cards?
Wonder how many people will get the White Gold Card just because of how it looks 😅💳
I will
I will 🤷🏽♂️. Same way was how I got the Rose gold when that came out
it looks good
Perfect time to apply this baby
I am still team classic Gold. But I will break my player 2's chase 5/24 to get her a white Gold. 😂😂 Amex knows what they are doing 😂
What they should’ve done
120 uber credit 120 a month
120 grabhub/ other places )10 a month
120 for Starbucks (10 a month
4x dinner, (50k) 4x groceries(25k) 2x every everything else.
I might drop this card if i don’t get a retention offer. And keep the card for another year before changing to cap one saver one and Capitol one X.
Idk I think the resy credits alone makes up for and justifies the annual fee increase as long as you live in a city. Semi annual $50 credits? That’s an easy date night credit for the Mrs/Mr
Ya I’m not getting any Amex cards none of them are worth it
because you don't travel at all. Move on, Amex is for high rollers
Im done with Amex coupon book. When my Gold Amex AF I will cancel.
Dunkin donuts- none in my area
Resy credits- only 1 restaurant in my area, and no ones knows that restaurant
$125 for a donut credit = me dropping the card
There’s plenty of cards that offer 3X in Dining and Groceries, plus they don’t restrict the customer to US supermarkets. Apart from the welcome bonus, it’s not worth it-there’s too much competition as other banks (like Wells Fargo) enter the arena.
White Gold is nice but that Dunkin Credit is useless for me since I don’t have one close enough to be convenient, and same with Resy. Their presence here in California sucks. Gonna be real tough to justify a higher AF. 😒
The Resy credit is confusing. I have never had to pay for a reservation. I hope it comes with detailed instructions.
You can view the terms at this link (esp. the 2nd paragraph)...
www.doctorofcredit.com/wp-content/uploads/2024/07/resy-credit.jpeg
There's no cost to sign up for a Resy account and get the app. Also, many reservations have no cost, but peak reservations are based on demand pricing. Those can range anywhere from $2 to around $50, and users can book tables as close to an hour before seating time for brunch and dinner.
Per the terms on the link above, eligible purchases that trigger the $50 Resy credit include "purchases made directly from U.S. restaurants that offer reservations on Resy.com and the Resy app."
As I understand that, yes, it should work toward the cost of your meal.
I just haven't confirmed this personally as I haven't used a card with a Resy credit yet.
What a stupid "refresh", I hope they don't mess up the green card like the gold or Im cancelling.
I don’t have a Dunkin Donuts within 800 miles of me. Resy is worthless for people who don’t live in large cities, both are worthless to me.😢
This would be the end of the gold card for me I'm all credited out I would find another card for grocery stores and restaurants
I was loving the gold card, it’s one of my favorite cards because I spend so much on dining and groceries. But with the new Resy credit it looks like I will be canceling after this year sadly. No Resy restaurants near me so I won’t be able to justify the annual fee. I already have the savor one so it looks like I will be applying for the venture X soon and switching to C1. I really loved the Amex ecosystem but that’s life lol.
I've been thinking about dropping the gold card due to a lack of positive value, these changes have not made me change my mind. Hello green card, maybe.
$325 for being 1% better than the free savor or autograph card…cool
I don’t dislike the changes as much as I thought I would. The resy credit is fine, or I’ve at least accepted it, but the Dunkin’ credit is just weird to me.
Hi Mark just ordered my replacement..its available on the website as of today
The big thing with Dunkin is the rewards and coffee. It's essentially a Starbucks with donuts. I know people who walk to Dunkin daily for coffee from work and there are several in my area. Even with the coupon book frustration, I'll at least try for the first year and keep track of how many periods I am able to redeem all the credits for full value before making another long term decision on keeping the card.
I’ve had the gold card for about 4 years. I use Uber and grub hub every month for pickup orders. If the resy credit is $50 2x/year then I can justify keeping the card but if it’s monthly I’ll have to cancel. I’ll use the Dunkin credit maybe once a year for coffee while on a road trip.. not really a dunkin fan
Losing Shake Shack lost me. Amex is offering me 100K to upgrade to the Plat, which I might do, adding my wife, = $890, which will work for the first year.
I could comment on the value of the updated card - but honestly, I'm just looking forward to everyone complaining that the white gold looks like a sun-faded gold card they way they complain that the rose gold is a dirty platinum. 💳
Only Dunkin Donuts is at an Air Force base in my state. SMH 😂😢
Its my fav card currently. If these are the changes that occur, ill be a happy camper and keep the card
Me too. Still getting plenty cashback.
Too hard to manage these credits and make sure I can use them without making lifestyle changes. Cancel on next renewal for me. Too bad was one of the go to cards for me with a decent spend.
Super bummed because I just got this card earlier this year. This increase in annual fee isn't worth it if these will be the confirmed changes. Oh well 😢
Not bad changes if those are real. The majority are easy to use - resy not that bad at $50 semi-annually. The other two dining credits can still be not optimal to use. I think I will still cancel to complete the citi trifecta.
Yeah. Amex could have did us dirty by making it 25 dollar quarterly Resy credits.
Amex did not make the card better! I am done for real.
Once the my renewal comes, im cancelling. Amex Groupon Card
Thanks Mark. Great video as usual.
I currently live in Australia and hard to use this card for food benefit (I have a rose gold one). Why Amex does not give x4 for worldwide grocery like Capital one savor 1 (I use savor one x3 for grocery) and I cannot use Uber credit as only must be Uber US and we do not have those eateries shake shake etc. Here to use. Yes to five guys. Hope that changes so I can use the credit.
But Amex really should make benefits worldwide. Thanks Mark
Any idea on timeframe? If I currently have the card, will I need to wait until my next renewal (annual fee) to get the new credits?
No info on timeline yet. Historically, Amex gives new benefits to existing cardholders immediately. Regarding the annual fee, they typically have terms along the lines of "if your renewal date is X, then it's $250 for another year. If your renewal date is Y - and for all new cardholders - then it's $325."
@@MarkReese cool, thanks. my renewal is in November...
Thanks for the update on the refresh! Very good video. I’m not thrilled with some of the changes, especially the Dunkin benefit.
Would have been better if they gave $7 to Starbucks instead.
Exactly. DD must have camped out for this. 😂I’m going to try to find 1 good item since it’s free. May take me a while but I will find it.😂
I don't know what y'all keep bashing the credits I believe the card is worth it and I maximize it so it's up to you what you decide to do.
But honestly I’d consider the card if they removed the credits and made the card $125 AF
The Dunkin credit is pure nonsense. The amount of restaurants should be expanded, not reduced. Limit of the 4x on dining is blah as well. Resy credit is nice though.
This card is now terrible. People are only going to get it for the card design
I probably spend $200 a month on Dunkin. I’ll take the $7
Adding Five guys will stop me from canceling the card - from the selection before only restaurant that was near me (30 min) is cheesecake factory and driving there and back ima Spend more on gas lol Five guys is 5 min away. The dunkin $7 isn't bad cause my kids will have donuts once a month lol the Resy I have no idea what that is but ima look into it now.
They need to add lounge access!!!!
Thank you Mark, love your insight. Any thoughts of how Amex acquisition of Tock reservations last month may factor in this new refresh?
Not yet. My guess is that, similar to Resy, Tock either become another card benefit. If not, then perhaps Tock will be integrated into the Resy platform to make Resy better.
What is the best downgrade to keep my points and how do I go about doing it.
The only downgrade option from the Gold Card is going to the Green Card (currently a $150 AF). You can either call Amex via the # on the back of your card or chat online from your Amex account and ask to product change to the Green Card.
And should you decide to cancel instead, as long as you have at least 1 other Amex card open that earns Membership Rewards points, then you'll keep those points from expiring.
White gold would be sick
Great video Mark! The current credits aren’t so good. Would actually use Dunkin and 5 Guys.
I will definitely cancel if these changes happens before my anniversary date of September 25.
Does anyone know how far out AMEX typically grandfathers in the old annual fee to renewals? Mine renewal is due in September and curious if I could get an additional year at the $250 price tag.
I would call and try to get renewal offer. If you tell them you are thinking about canceling the card because of the higher annual fee; it is within the realm of possibility they could grandfather you in for year 1 to see if you like the credits.
Not sure. Also depends on when the refresh actually launches in regards to that September renewal. We'll have to see what Amex decides.
$7 Dunkin’ Donuts is so random and stupid. I’m all about using credits easily. Why choose Dunkin over Starbucks. I don’t go to either but I find myself looking at Starbucks than Dunkin out in the wild. I can’t even remember that last time I’ve seen a Dunkin, maybe 10+ years ago?
Also a $325 AF card not providing any airport lounge access is stupid. They turned this card into a card only for the rich who don’t care about the perks and can afford to just keep it.
Am i one of the few people that would highly consider this because of the Dunkin credit?
I go roughly 3 times a week, and I say this as someone with a whole coffee setup (i actually thoroughly enjoy dunkin donuts coffee, full-stop)
Why are they taking Shake Shack off? I don't like Dunkin Donuts or their coffee
Do u think amex business gold will rise. Dunkin credit would b useful for me but im tired of having two credits to use every month already. So adding a third to remember every month is annoying. I have two other monthly credits on top of that
he Business Gold Card already got its refresh (and higher annual fee of $375) as of February 2024 👍
White gold design is nice but card is not worth $325 with new credits...
More justifiable than the old structure: one needs value the points at 90% of face value to come ahead 😂
nah ima close it these annual fees are ridiculous -_-
Thanks for the info + video!
Glad it was helpful!
Looks like I will be canceling my gold card. Would transferring your points to Hilton for future travels be the best move since you get double the points? What would you recommend?
Definitely not. The transfer ratios don't communicate the value you get. A 1:2 ratio does not mean getting double value. That's because points and miles all have different values based on the program. For example, by default, 1 Hyatt point is worth about 3 Hilton points on average.
I recommend watching my intro to transfer partner video to understand that world better: th-cam.com/video/ae1WayyrwnE/w-d-xo.html
@@MarkReese thank you so much. I appreciate it…
dont care about AF increase, just waiting for 120k or 150k SUB for this new Gold card & then cancelling on the 2nd yr 😂
glad my 250 fee posted already last week
I like the $100 worth of Resy credits. I can use those at a nice steakhouse here. As for the Dunkin credit, I have no use for that. I do want to get the white gold card.
Ngl, I go to Dunkin, so often, that this will actually be useful for me 😂😂
If I accepted a retention offer for my current card within last 30 days, will it affect my 90k MR welcome offer for this new card?
On which current card did you get a retention offer?
@@MarkReese Amex Delta platinum
@@nq2847 - Great. Then there's no problem at all. Getting a retention offer on the Delta SkyMiles Platinum has no effect on getting a first-time welcome offer on the Amex Gold Card.
The wife and I go to Dunkin' all the time just to get two iced teas (they have amazing tea and better than Starbucks) and we are definitely Amex Gold people. 😊 We prefer Shake Shack over 5 Guys, though, so that's a bummer. The Resy credit seems like the oddball. Looks like only major cities and pricey restaurants - super niche clientele.
Definitely a loss but pretty much what I expected was coming.
If I close my credit card and, in the future, apply for it again, Will I get the new membership reward again?
In most situations, no. With Amex, it's one bonus, per card, per "lifetime."
However, a "lifetime" is generally only as far back as Amex's system will look. There are data points that this may only be 4-5 years.
So it's possible to get the bonus again, but not likely in a short timeframe.
Learn more about this from my other video here, starting 1 min. 15 sec: th-cam.com/video/G3ksdsf3PN0/w-d-xo.htmlsi=zi1QvrbHtHvvu1Cx&t=75
I’m definitely not going to get this card. My daughter’s cheer team discount card offers better deals.
What about us West Coast folks with no Dunkin??😢
There are almost 20 in Los Angeles I believe.
Can u make a video about the elevated Chase IHG offer recently? How to use the nights with max value?
Thanks for the suggestion, but no. I made a post about the IHG offer on the Community tab.
My friend spends over $300k on his gold card a year on restaurants... So that cap is probably for someone like him. I honestly didn't believe he spends that much but he showed me, not to mention he had over 15 million points when he showed me(I thought 1.5mil but I miscounted the numbers). He eats out every day lunch/dinner meals ranging from 50-1k per meal. So I can imagine him being pissed about this lol. But again only reason he has the gold card. As he also has centurion card but it offers almost no benefits for points, I find certain rich people like getting things for free so this is their way with points. Also its not his money, his grandpa died and left all of the kids 20-40million in trust funds and all the grand kids even more. He also told me he doesn't spend any of his points as they have a family competition on who has the most points. Ahh to be so rich.
This wins the Most Interesting Data Point Award of 2024 🏆😄
So Resy Credit is not for me. I would not eat at a Resy restaurant normally as they are too expensive, and there are not any in the town I live in. Could I use the Dunkin credit? Sure, but I haven't gone to Dunkin for about a year. So to call it regular spend would simply not be true. The dining credit was always a pain to use for me. The fact is I live in a rural area which means I am not their target customer at all. They want urban dwellers, which is why the Dunkin make sense as it is a popular breakfast stop for commuters.
I have a card that will get me 4% on Dining and Grocery that has no annual fee. (Verizon Visa) Since the new credits are not useful for me, and the outsized value for Amex points is international travel, which I don't do, I can no longer justify holding this card. I'm just not their target demographic. I'll hold on to my Hilton Surpass as my main travel card if I want to build up points as I have no problem using those credits.
Verizon Visa + HH Surpass = great cards 💯 I like your thoughtful approach thinking through all this.
i feel like every single cardholder is about to cancel their amex gold lol. the landscape is way too competitive for this laughable refresh to be... refreshing
Wait how does a resy credit work?
I can't say for sure yet since the benefit hasn't launched yet. But here's a link to the terms: www.doctorofcredit.com/wp-content/uploads/2024/07/resy-credit.jpeg
people are MS'ing too much $500 at a time at a certain NY Cracker Barrel
Come on Amex this sucks..
Does this affect existing Amex Gold card holders?
Yes. Normally, Amex gives new benefits to existing cardholders immediately at card relaunch. The next annual fee payment could either be $325 or $250 based on when your anniversary date occurs.
@@MarkReese ok. I guess the $50 semi annual resy credit could still make it worth it for me. Thanks for the info Mark!
@@MarkReese btw if you’re in MV Orange County, then you’re pretty close to me haha 🙌🏽😎
So is grocery still 4x?
Yes.
I want that white gold card 😂
I think it may be time to downgrade....
Please don’t ruin my green card.
Your chum says it's 99$ in payments+. Somewhere, there is a disparity. I like this life of mom n dad w/o kiddos. 😮 well 🛐
Gonna take me years to raise my 550😂 to 700+ but atlest I got savings with Amex 🙏
Doesn't have to take a long time 🤙
who buys Dunkin? their coffee and doughnuts suck anyway
😬
😊