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BEST CREDIT CARDSBEST CREDIT CARDSAMERICAN EXPRESS GOLD CARD REVIEW: DINING REWARDS ROYALTY

American Express Gold Card Review: Dining Rewards Royalty

This card features rich benefits for foodies, including lucrative rewards at restaurants and U.S. supermarkets, plus various dining credits that can help offset its admittedly pricey annual fee.
Claire Tsosie Author Avatar
Nov 22, 2024 10:23 a.m. PST
Edited by
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The Bottom Line

4.6

NerdWallet rating

For dining enthusiasts who can maximize the annual credits on this card, it's well worth the costly annual fee.

American Express® Gold Card
Annual Fee
$325
Rewards Rate
1x-4x
Points
Intro Offer
60,000
Points
Recommended credit score
Intro APR
N/A
Regular APR
See Pay Over Time APR
Recommended credit score
Annual Fee
$325
Rewards Rate
1x-4x
Points
Intro Offer
60,000
Points
Recommended credit score
Intro APR
N/A
Regular APR
See Pay Over Time APR
Recommended credit score

  • Annual fee

    $325

  • Rewards rate

    1x-4x

  • Bonus offer

    Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Terms Apply.

  • Intro APR

    N/A

  • Ongoing APR

    APR: See Pay Over Time APR

    Cash Advance APR: 29.74%, Variable

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    None

View Rates and Fees
  • Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership.
  • Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
  • Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
  • Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year. Effective 11/8/2024, an Amex Card must be selected as the payment method for your Uber or Uber Eats transaction to redeem the Amex Uber Cash benefit.
  • $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations.
  • $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
  • Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges with every booking of two nights or more through AmexTravel.com. Eligible charges vary by property.
  • No Foreign Transaction Fees.
  • Annual Fee is $325.
  • Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
  • Terms Apply.

Pros and Cons

Pros

Bonus categories

Transfer partners

Flexible rewards redemption

Cons

Has annual fee

Complicated rewards

Requires good/excellent credit

Detailed Review

For high-spending foodies, the American Express® Gold Card is dining rewards royalty.

The $325-annual-fee card (see rates and fees) offers 4 points per dollar spent at restaurants (on up to $50,000 in purchases per year), 4 points per dollar spent at U.S. supermarkets (on up to $25,000 in purchases per year), and a $120-a-year dining credit, among other perks. Terms apply.

Points can be worth 1 cent apiece on average, according to NerdWallet valuations, though it depends greatly on how you redeem those points. But assuming that average value, and assuming you didn’t redeem the annual credits on the card (more on that later), that means you’d have to spend at least $8,125 per year at restaurants and U.S. supermarkets to earn enough rewards on this card after the first year to make up for the annual fee, making it a poor choice for frugal folks.

But for those who spend plenty on food and groceries and can take advantage of all the card’s annual credits, it’s a winner and a workhorse.

American Express® Gold Card: Basics

To view rates and fees of the American Express® Gold Card, see this page.

Card type: Rewards.

Annual fee: $325.

Welcome bonus: Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Terms Apply.

Rewards:

  • 4 Membership Rewards points per dollar spent at restaurants on up to $50,000 in purchases per year.

  • 4 points per dollar spent at U.S. supermarkets on up to $25,000 in purchases per year.

  • 3 points per dollar spent for flights booked directly with airlines or with American Express Travel.

  • 2 points per dollar spent on prepaid hotels and other eligible travel booked through amextravel.com.

  • 1 point per dollar spent on other eligible purchases.

  • Terms apply.

Membership Rewards points are worth about 1 cent each depending on how you redeem them. Travel and gift card redemptions are generally the most valuable. Points are also transferable and can be worth even more if redeemed strategically after being transferred to other loyalty programs. (Cash back as a statement credit is also an option, but at a poor value of 0.6 cent per point.)

Airlines

  • Aer Lingus (1:1 ratio).

  • AeroMexico (1:1.6 ratio).

  • Air Canada. (1:1 ratio).

  • Air France/KLM (1:1 ratio).

  • ANA (1:1 ratio).

  • Avianca (1:1 ratio).

  • British Airways (1:1 ratio).

  • Cathay Pacific (1:1 ratio)

  • Delta Air Lines (1:1 ratio).

  • Emirates (1:1 ratio).

  • Etihad Airways (1:1 ratio).

  • Hawaiian Airlines (1:1 ratio).

  • Iberia Plus (1:1 ratio).

  • JetBlue Airways (2.5:2 ratio).

  • Qantas (1:1 ratio).

  • Qatar Airways (1:1 ratio).

  • Singapore Airlines (1:1 ratio).

  • Virgin Atlantic Airways (1:1 ratio).

Hotels

  • Choice Hotels (1:1 ratio).

  • Hilton Hotels & Resorts (1:2 ratio).

  • Marriott Hotels & Resorts (1:1 ratio).

For details on transfer ratios, see AmEx's website.

APR: See terms.

🤓Nerdy Tip

This card offers two features — "Plan It®" and "Pay Over Time" — that allow you to finance certain purchases over a period of time, but it is not a traditional credit card because some charges must be paid in full. Plan It® lets you set up a payment plan for eligible purchases, during which you pay a monthly fee instead of interest charges. With this feature, you know how much you'll pay each month. It's an automatic perk on the card, so enrollment isn't required. "Pay Over Time" lets you finance eligible purchases over a term with interest. There is a limit to the amount you can finance with a Pay Over Time plan.

Foreign transaction fees: None.

Other benefits:

  • $120 annual dining credit (available in monthly credits on select purchases.)

  • Up to $120 a year in Uber Cash ($10 per month).

  • Up to $100 Resy credit ($50 semi-annually).

  • Up to $84 Dunkin' credit ($7 per month).

  • Terms apply.

Compare to Other Cards

ANNUAL FEE
$325
INTRO APR
N/A
REGULAR APR
See Pay Over Time APR
RECOMMENDED CREDIT SCORE
ANNUAL FEE
$95
INTRO APR
N/A
REGULAR APR
20.74%-27.74% Variable APR
RECOMMENDED CREDIT SCORE
ANNUAL FEE
$0
INTRO APR
0% intro APR for 15 months on purchases and balance transfers
REGULAR APR
18.49%-27.49% Variable APR
RECOMMENDED CREDIT SCORE
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Benefits and Perks

The annual credits are potentially valuable

The American Express® Gold Card comes with over $400 in annual benefits that can effectively cancel out the card’s $325 annual fee, provided that you use them. That could potentially make this card much more valuable than other dining cards that offer similarly rich ongoing rewards. Keep in mind that this might require some extra effort on your part, given the restrictions on these goodies. Here’s how these benefits work:

  • $120 annual dining credit. You’ll get $120 (doled out in monthly $10 credits) on your account that can be applied toward purchases made with select partners: Grubhub, Five Guys, The Cheesecake Factory, Goldbelly, and Wine.com. Credits will be applied within two to four weeks of your purchase posting to your account. These monthly credits don’t roll over from month to month; if you don’t use them, you’ll lose them. Terms apply.

  • Up to $120 a year in Uber Cash. As long as you add the Gold card to your Uber account and pay for rides with any AmEx card, you'll automatically get $10 in Uber Cash each month for U.S. Uber Eats orders or Uber rides in the U.S. These monthly allotments of Uber Cash don’t roll over from month to month; if you don’t use them, you’ll lose them. Terms apply.

  • Up to $100 Resy credit. Get up to $100 in annual statement credits ($50 semi-annually) after enrolling your card and making eligible purchases at U.S. restaurants on the Resy app or on Resy.com. These monthly credits don’t roll over from month to month; if you don’t use them, you’ll lose them. Terms apply.

  • Up to $84 Dunkin' credit. Earn up to $84 ($7 per month) in statement credits after enrolling your card and paying at any U.S.-based Dunkin' location. These monthly credits don’t roll over from month to month; if you don’t use them, you’ll lose them. Terms apply.

For someone who uses Uber and visits The Cheesecake Factory at least once a month, maximizing these credits is easier than rolling off a log. But if you wouldn’t normally spend money this way, the credits might not be as valuable as they seem.

Points are transferable

For foodies and travelers, the American Express® Gold Card offers a rich spread of ongoing rewards, including 4 points per dollar spent at restaurants up to $50,000 in eligible purchases per year, 4 points per dollar spent at U.S. supermarkets on up to $25,000 in purchases per year, and 3 points per dollar spent for flights booked directly with airlines or with American Express Travel. Terms apply. What really makes these points worthwhile, though, is the potential to transfer them to travel partners.

You can transfer Membership Rewards points to several other loyalty programs, including frequent flyer programs from British Airways, Virgin Atlantic and Emirates. A caveat, though: When transferring to U.S. airlines, you'll also have to pay a fee of $0.0006 per point, with a maximum fee of $99. You're better off avoiding those fees when possible.

To be sure, the Membership Rewards program offers plenty of other redemption options. But compared with transferring points, they generally aren’t as lucrative. If you’re craving flexibility or don’t travel frequently, you might be better off with another card.

There's a solid welcome offer

The American Express® Gold Card’s welcome offer isn’t exactly a showstopper; the real value of this card lies in its ongoing rewards and benefits. But for those looking to rack up Membership Rewards points, it gives the card’s overall value a solid boost. The current offer is as follows: Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Terms Apply. Assuming you can get 1 cent out of each point, it's potentially enough to cover the cost of your next flight.

Drawbacks and Considerations

The annual fee is steep

For folks who maximize the American Express® Gold Card’s annual credits and spend plenty in the card's bonus categories, the card is worth every penny, even at $325. But for those who can’t, a card with comparable rewards — but without the annual fee — is a smarter choice. That’s why you might want to consider the Capital One Savor Cash Rewards Credit Card.

This card offers an excellent 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target), plus 1% on all other purchases. Because it offers cash back, rather than points, the rewards are more flexible and easier to redeem. Like the American Express® Gold Card, it doesn’t charge foreign transaction fees. It also comes with a solid welcome bonus, 8% cash back on purchases through Capital One Entertainment and 5% cash back on hotels and rental cards booked through Capital One Travel (terms apply).

The benefits are complicated

For every rich benefit the American Express® Gold Card offers, a parade of small, annoying caveats seems to follow. You get a $120 annual dining credit! But it’s just in $10 monthly increments and can be used only on select purchases. You can transfer points! But with some airlines, you'll have to pay a fee to do so. You get 4 points per dollar spent at restaurants and U.S. supermarkets! But there’s an annual spending cap. Terms apply.

If you don’t have time for that kind of tedium, a flat-rate cash-back card could be a much better fit for you. Consider the Citi Double Cash® Card, for example. It offers an impressive 2% cash back — 1% back when you make purchases, and an additional 1% back when you pay them off. It also has an annual fee of $0. The downside: It charges foreign transaction fees on purchases made abroad. But if this isn’t a deal-breaker for you, it could be an excellent choice.

To get a sense of how these cards compare with the competition, visit NerdWallet’s list of best credit cards to get.

How To Decide If It's Right For You

The American Express® Gold Card isn’t the perfect dining card for everyone, and it’s not trying to be. But for folks who can make the most of the annual credits and spend plenty on dining, groceries and airfare, it can be one of the most rewarding options available.

To view rates and fees of the American Express® Gold Card, see this page.

Alternate Pick: Luxury benefits
For those who want to travel in style

This is an excellent pick for folks who are more interested in luxury travel benefits. With an annual fee of $695, the card offers extensive airport lounge access, Uber credits, airline fee credits and more. Terms Apply.


Methodology

NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Learn how NerdWallet rates credit cards.

Frequently asked questions

If you make use of the card’s annual credits and you spend a lot on dining and groceries, the card can be well worth the $325 fee. If you’re not maximizing the credits and bonus categories, another card could be a better choice.

The American Express® Gold Card has no preset spending limit. American Express explains: "No Preset Spending Limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history.”

You’ll pay $325 each year to carry the American Express® Gold Card. But you’ll get a rich welcome offer in the first year, plus ongoing credits for dining and other perks.

It comes down to what you want from a card. The Platinum Card® from American Express comes with more perks and travel benefits than the American Express® Gold Card, but it also has a much higher price tag.

You can redeem Membership Rewards points for travel, statement credits, shopping, gift cards and charitable contributions, or you can transfer them to travel partners like airlines and hotels.

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