Amex Gold benefits guide
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The American Express® Gold Card benefits are very generous, especially when you consider the card’s $250 annual fee. Not only does this flexible rewards card let consumers earn points in the American Express Membership Rewards program, but it comes with a lucrative welcome offer and a range of perks, including up to $120 in Uber Cash credits and up to $120 in dining credits. Other Amex Gold Card benefits include various purchase protections and travel insurances.
The Amex Gold also gives consumers the chance to earn 4X points on up to $25,000 spent at U.S. supermarkets each year (then 1X points) and 4X points at restaurants (plus takeout and delivery in the U.S.). Cardholders can also earn 4X points on Uber Eats purchases, 3X points on flights booked direct or via AmexTravel.com and 1X points on everything else.
Before you can decide if the Amex Gold Card is worth it, it helps to know the Amex Gold Card benefits you’ll be eligible for. Keep reading to learn about this popular rewards credit card, the benefits you can qualify for and how to maximize the card overall.
Amex Gold dining and entertainment benefits
Several American Express Gold Card benefits can help you save money on dining and entertainment, and one can even help you get tickets to sought-after cultural and sporting events. The following benefits come standard with your Amex Gold Card:
Up to $120 in dining credits
As a cardholder, you’ll receive up to $120 in dining credits per year, which are given out on a monthly basis in increments of $10. These credits do not roll over from month to month, so you’ll lose value each month you don’t use them. The dining credits are only good for select establishments like Grubhub, Seamless, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and participating Shake Shack locations. Enrollment is required.
Up to $120 in Uber Cash
Cardholders also receive up to $120 in Uber Cash each year, which can be used for Uber Eats food deliveries or Uber rides in the U.S. These credits are also given out on a monthly basis in increments of $10, and they don’t roll over from one month to the next.
American Express Preferred Access
This Amex Gold card perk can help you get premium tickets to select cultural and sporting events based on availability. While available events can vary and some are invite-only, it’s not uncommon to find entertainment options like Hamilton tickets or professional sports tickets through the Amex entertainment portal.
Amex Gold travel benefits
While Amex Gold travel benefits aren’t as generous as those you get with The Platinum Card® from American Express, this card does come with a few travel insurance perks (and a hotel credit) worth considering.
Car rental loss and damage insurance
Qualify for secondary auto rental coverage when you pay for an eligible rental car period with your Amex Gold Card. Exclusions and restrictions apply, and this benefit does not include any coverage for liability.
$100 Hotel Collection credit
Cardholders also receive up to $100 in credits with The Hotel Collection, which can be used for eligible dining, spa and resort activities at qualifying properties. This credit applies when you book at least two consecutive nights at a participating property. You can also receive a room upgrade on arrival (based on availability).
Baggage insurance plan
Qualify for baggage insurance when you pay for a common carrier fare with your credit card. This coverage is good for up to $1,250 per covered person for carry-on baggage. You also get up to $500 per covered person in protection for checked baggage when traveling on a common carrier vehicle (like a plane, train or bus). High-risk items are limited to $250 in maximum coverage per covered person and per covered trip. Other exclusions and restrictions apply.
Trip delay insurance
Amex Gold benefits also include trip delay insurance that is good for up to $500 per covered trip, although a maximum of two claims are allowed every consecutive 12-month period. This protection can be useful when a trip delay results in incidental expenses like meals or hotel stays. Coverage is secondary, and it can only be utilized when a trip is delayed by at least six hours.
Amex Gold card protections and insurance benefits
The Amex Gold Card also has a few protective benefits that can save cardholders money, hassle and stress. Keep in mind you have to pay for items with your credit card to be eligible for these benefits.
Qualify for an extended warranty on eligible items that come with a manufacturer’s warranty of five years or less. This benefit gives you one extra year of warranty protection.
You also get American Express purchase protection with the Amex Gold Card, which helps protect against damage or theft for up to 90 days from the purchase date. This coverage is good for up to $10,000 per covered purchase and up to $50,000 per eligible card per calendar year. You can also get up to $500 in coverage per eligible event when a natural disaster strikes.
How to maximize the perks and benefits offered by the Amex Gold
While the Amex Gold Card charges a $250 annual fee, the rewards and benefits can be well worth it. After all, American Express Membership Rewards points are valued at up to 2.1 cents each toward transfer partner travel, according to Bankrate’s latest points valuation, so the welcome bonus offer on this card could be worth up to $1,260 on its own.
There are additional ways to maximize the Amex Gold Card benefits you receive, including the following:
Adding Amex Offers to your credit card is a great way to get more value over time. These offers let you earn additional cash back or Membership Rewards points when you make an eligible purchase with a participating retailer or travel brand. Amex Offers are free to use, and the benefit they offer is given on top of the rewards you earn for paying with your credit card.
You may even be able to stack your Amex Offers with the annual dining and food delivery credits your card offers. For example, you may find you have an Amex Offer for Grubhub or The Cheesecake Factory, which would also be eligible for the $10 per month in dining credits on your card.
Sign up for the Amex trifecta
You can also maximize your Amex Gold Card by using it as part of the Amex trifecta. This trio of rewards credit cards also includes the Amex Platinum Card and The Blue Business® Plus Credit Card from American Express, both of which have complementary earning structures and perks.
With the three cards combined, you can make the most of all your spending and maximize your rewards. American Express even lets you pool your points into a single account for added convenience.
Utilize your dining and food delivery credits
Another way to maximize your American Express Gold Card involves making sure you use the monthly dining credits and Uber Cash. Keep in mind that if you don’t live near any of the dining establishments that qualify for the dining credit, you can use it to order various groceries and household items.
Also, take the time to add your Amex Gold Card as the preferred method of payment to your Uber account. That way, your card will already be loaded and ready the next time you order a rideshare or an Uber Eats food delivery.
Use your card for big purchases
In addition to using your American Express Gold Card to maximize rewards in bonus categories, you should also strive to use it for larger purchases that require some protection or would be costly to replace.
For example, you could use the card to pay for home appliances, updated electronics, a computer for work and more, then benefit from consumer protections like extended warranties and purchase protection against damage or theft.
Learn the ins and outs of the American Express Membership Rewards program
Finally, you’ll want to understand the best ways to maximize points earned with this card. Generally speaking, this means learning all you can about the American Express Membership Rewards program and how it works.
You should know that an array of redemption opportunities are available to you, including the chance to use your points for statement credits, gift cards or merchandise. However, you can also use your points to book travel through AmexTravel.com, or you can transfer them to Amex hotel and airline partners, if you prefer.
You’ll ultimately get more value out of your points if you go with the latter option and transfer your points to partners like Air France / Flying Blue, Delta SkyMiles, Singapore Airlines KrisFlyer or Virgin Atlantic.
You can begin your research by reading over our guide on the best ways to spend American Express points.
The bottom line
The American Express Gold Card benefits are definitely worth your attention, especially since they are complementary and offered in addition to the rewards you can earn. Still, you should take the time to compare all the best rewards credit cards available, including other American Express credit cards, before you sign up.