American Express is Getting RIDICULOUS (Gold Card)

[@callmeNeno]

I will be canceling my Gold in September when annual fee hits. I will be keep only the BBP to keep my MR pts alive. No other cards interest me with Amex.

[@JacobsPointsAndProfit]

That's why the BBP is such a great card! There will come a time for many people that none of the other cards make sense for a certain period of their life

[@LionsDad.]

I agree with you… chasing those monthly credits are exhaustive.

[@JacobsPointsAndProfit]

It would be a lot of effort having to only go to the "AMEX approved" restaurants

[@ashantedula5696]

I feel like amex could keep alot of customers if they just let the credits roll over. Instead of use it or lose it

[@JacobsPointsAndProfit]

Rolling over the credits would be nice. I have a feeling Amex wants some of the customers to cancel the card

[@Leoprieto74]

American Express 💕,.. Don’t Live Life Without It 🥂

[@JacobsPointsAndProfit]

I love the welcome bonuses, but the annual fees are rough

[@Leoprieto74]

@@JacobsPointsAndProfit The higher the AF the better premium travel perks & benefits for me.

[@jimmyjames6492]

I like AMEX but the couponing is getting to be a bit much. Glad I already dropped the Gold earlier this year. Thanks for the info + video!

[@JacobsPointsAndProfit]

I didn't sign up to be an extreme couponer haha

[@soapa4279]

2026 Refresh leaked: - $2 weekly credit at Chuck E Cheese. Limited to 100 gaming tickets. - $5 Monthly Credit at Claires. 1 Eye lash limit per transaction. - $20 Semi-Annual Credit at one restaurant located in the North Pole. (Excluding Santa Clause collection and Rudolf's Red Nose Cafe)

[@JacobsPointsAndProfit]

Lol sign me up for the $20 credit for the North Pole. I make weekly trips up there so it fits within my spending habits 😂

[@soapa4279]

@@JacobsPointsAndProfit hahaha still more value over Resy

[@newagain9964]

That’s more chase sapphire reserve

[@soapa4279]

@@newagain9964 lol you kidding right. The CSR has some credits yes. But no way are you going to compare to the Coupon kings of Amex

[@Nick-1828]

Amex knows how to make a good looking “limited edition card” between the white gold and the 747 Delta cards. Which since I use Apple Pay as much as possible a “good looking card” doesn’t do it for me 😂. On a side note, didn’t know you lived in Phoenix! Me and the wife went to the Grand Canyon back in March and we flew into Phoenix. We were both amazed at how amazing Arizona looks. Coming from Louisiana we’re not used to the kind of view Arizona gives! We were also shocked how cold it was in northern Arizona! Stupidly we didn’t research the weather before going and just assumed Arizona was hot all over. Never making that mistake again 😂

[@JacobsPointsAndProfit]

That's so cool you just came for a visit! Yes, the Phoenix area is much different than up north. At the same time it can be 100 degrees in Phoenix and snowing at the Grand Canyon. That catches a lot of people by surprise. I hope you had a great time!

[@nubianpwr]

great points made here👍🏾

[@JacobsPointsAndProfit]

Thank you!

[@De_Guatemala]

$10 monthly at Chipotle and Shake Shack has made the $240 credits fully work. Dropping Shake Shack means I will accept Amex's offer of 100K to switch back to the Platinum.

[@JacobsPointsAndProfit]

100k isn't bad for an upgrade offer! Might as well do it if you can use those credits on the Platinum

[@SHFMIA]

While it may not be suitable for you, many others find the card worthwhile.

[@JacobsPointsAndProfit]

You're right about that! I hope there's still plenty of people that like the card

[@transitengineer]

Thank you, for this excellent comment video. Back in the 1980's when, I owned the American Express Gold card the annual fee was around $75. Over the past 25-years, I have owned a small business American Express card that, they no longer offer. While, the color of this card is "Silver", it is not the "Platinum" card because, it has zero annual fees and a credit limit to permit you to pay, your balance back over time. My current American Express card is a "Plum" business card and, by using its monthly 1.5 percent statement credits, I should be able to lower my out of pocket cost of this card's annual fee from $250 down to around $70 (smile ... smile).

[@JacobsPointsAndProfit]

Thank you! I really liked reading your history with American Express. That's so interesting about that silver no annual fee card! I've wondered how many people have that Plum business card since no one really talks about it that much

[@transitengineer]

@@JacobsPointsAndProfit Thank you, for replying to my post. In March of this year, American Express told me that starting in June, the interest rate charged on my "Silver" business card would rise from 14.9 APR to 20.9 APR. While like most, I try to pay my balance off in full each month. However, sometimes I may need to carry a balance for two (2) to four (4) months. So, I visited the American Express web site and decided to apply for their "Plum" card. As long as American Express, receives your payment within 10-days after your monthly statements closing date, you will earn the 1.5 percent statement credit. In addition, when you sign-up there is also an extra $500 statement credit but, to qualify you have to spend $15,000 within the first three (3)-months. So for myself, there is no way that would happen unless, I used this card to buy a used automobile at a car dealership (smile ... smile).

[@AboveAllBeOriginal]

yeah probably gonna cancel if i don’t get a great retention offer. thankfully just paid my AF in april but the resy credit to bump up the AF is horrible. i could mayyyybe use the dunkin credits but im tired of the coupons!

[@JacobsPointsAndProfit]

That's nice you'll have all the new credits for almost a full year. It'll be hard to use the Grubhub, Uber, and Dunkin credits all in the same month and then the Resy on top of the other three 2 times a year

[@anthonyjames4319]

Blue Cash Preferred is still a great value if you get the 6% on groceries.

[@JacobsPointsAndProfit]

6% is pretty solid if you can handle the annual fee every year. Although the groceries are capped at $6,000 in spend every year

[@anthonyjames4319]

@@JacobsPointsAndProfit that’s still $360 on groceries alone vs a $95 annual fee. Factor in 6% streaming and 3% on gas and it’s a no brainer!

[@SirBrucie]

They just sent me a 90k points offer but I'm not sure if I wanna get it. Is the gold card worth it for grocery and food shopping? I don't travel much most buying clothes, electronics and food.

[@De_Guatemala]

Yes, it is absolutely worth it for year one. Then drop it or swap it.

[@JacobsPointsAndProfit]

A 90k offer on the $250 annual fee Gold card is great as long as you can handle the hit to your Chase 5/24 status and you're ok potentially canceling or product changing to a different card after year 1 if the credits don't make sense for you

[@SirBrucie]

@@JacobsPointsAndProfit Oh ok, i dont think i want any of the chase cards. Im more interested in the Capital One and Amex cards.

[@ryanbon2414]

I’m actually someone who would use the Dunkin credit easily. I live on the east coast and go to Dunkin like 5x a month anyway. However the resy credit is worthless to me and the Fiveguys equally sucks. Tbh I find the Grubhub credit to suck in general because I can’t ever find for pickup that isn’t 30% marked up. And Cheesecake Factory, shake sack and Milk bar are hard to find as well. When baseballs in season I go to an orioles gave every month and there is a shake shack within walking distance, and I can actually get a meal unlike five guys.

[@JacobsPointsAndProfit]

Yeah it seems like all the food is always marked up on Grubhub and Uber Eats. I actually found a restaurant or two on Resy that might make sense for me, but it doesn't really matter because I probably won't apply for the card

[@ryanbon2414]

@@JacobsPointsAndProfit I got the card last month for 90,000 points so I guess I have time. I passed up on the platinum because there was to much credits for me, and now the gold is following suite 😐

[@omni875]

Canceling in Feb. 2025 when renewal hits. Card is not worth the price for the multipliers and too much work to "offset the fee" you shouldn't have to do that with a credit card, the rewards should be organic. Sick of the coupon game.

[@JacobsPointsAndProfit]

It's a lot of work to use all of those credits! Try to get good use of them while you have the card and then cancel it in February

[@LogosBKC]

I’m actually interested in these new coupons! 😂 the old setup made zero sense for me. But i could easily get more value with the Resy credit once or twice a year, the Dunkin credit (we have one in town) and 5 guys easy! I would have expected this being a bad overall change but for me personally im not that upset. Ill give it a shot regardless bc im dropping the BCP for BCE, ill find a 90k offer and keep it for at least a one year trial run

[@JacobsPointsAndProfit]

With a 90k offer this card and many others would make sense! It's pretty much always worth it in year 1, but the years after that need heavy consideration

[@LogosBKC]

@@JacobsPointsAndProfit yeah i dont typically cancel year one anyhow. So itll get a couple years for sure i dont doubt but ill be looking for 30k retention offers or its getting canceled if its not yielding good value

[@lewislouis6246]

This is a huge set back for the gold card if true just in my opinion......it truly is over as one of the best cards on the market, I put savor one above. Depending on the bonus even the freedom flex no af make more sense.....I don't care about the white gold color as much. the benifts are getting worse while fee going up. Dunkan has the worse food......stuff sitting under a lamp all day turning into something thats alive & straight out of a "are you afraid of the dark" episode. If you care about what goes into your body avoid dunkin like the plauge.....krispy kream would have been better but thats too much like right.

[@JacobsPointsAndProfit]

I love the Savor One way more than the Gold card and the Freedom Flex is great too! I have a very low view of Dunkin because of the multiple bad experiences I've had with them

[@SirBrucie]

I just got an 90k offer AMEX Gold, already have a savor one and quick silver. Is the AMEX Gold worth it? I'm mostly buying food, doordash and clothes.

[@nubianpwr]

excellent points

[@brucelaw8574]

VERY HONEST AND RAW VIDEO - NICELY DONE

[@JacobsPointsAndProfit]

Thank you! I appreciate it!

[@PRATIKMHT]

I love the changes

[@JacobsPointsAndProfit]

That's awesome! I hope you enjoy the new card

[@Xavier_ID.]

My AF for the Gold hits in Jan so I’ll milk the benefits until then and cancel. Savor will get more use. Thinking about trying to get some CCC’s. All I know is, Gold ain’t staying. I will get the new design though before I cancel 😂

[@JacobsPointsAndProfit]

Use all the benefits you can! That's the nice thing about card changes. You might as well get the new design while they have it!

[@kaina732]

I just got approved for the Citi Strata Premier. At least with the SUB it is worth it for at least a year.

[@JacobsPointsAndProfit]

Absolutely! Pretty much every card makes sense for everyone in the first year because of the welcome bonus

[@greggilman4476]

I don't think this card is for you. Why not grab a no fee amex card?

[@JacobsPointsAndProfit]

Yeah a no annual fee amex card could be better than this one. The welcome offer on this card is pretty nice, but the annual fee is high

[@timtime88]

I was going to cancel it before the changes but now I am keeping it. And I think the white gold looks disgusting but I ordered it anyway because it's limited edition

[@JacobsPointsAndProfit]

You might as well order the new design! I think the card got slightly better for people willing to use the credits

[@ANA7H3MAhd]

Hello! I will be cancelling my card prior to renewal in q1 2025. I’ve never cancelled a card before so I’m wondering if downgrading the car to a non annual fee option will hurt my credit

[@JacobsPointsAndProfit]

Unfortunately you can't downgrade the Gold card to a no annual fee option. The lowest you can go is the $150 annual fee Green card. You'll have to see if that one makes sense for you or if you should cancel the Gold

[@ANA7H3MAhd]

@@JacobsPointsAndProfit thanks for the reply!

[@PingPingTravel]

If I got the card, I would probably only use the Dunkin credit 2x a year. Complete pass for me.

[@JacobsPointsAndProfit]

Yeah it's now more difficult to use the card in the very specific ways they want you to spend

[@PingPingTravel]

@@JacobsPointsAndProfit I would hope that they would encourage more non-fast food options at least. Maybe Subway would have been a better choice. Sure it is kind of fast food but it has a different vibe.

[@ilovejesus973]

That resy credit is bad for the card that’s what I don’t like.

[@JacobsPointsAndProfit]

I understand why they did it because Resy is owned by AMEX, but I don't want to use it haha

[@casanova76544]

Platinum is next..

[@JacobsPointsAndProfit]

I don't like paying $695 for my Platinum now. I'm scared what we'll have to pay for the next version. Probably over $800

[@mprubio84]

Can’t wait til tomorrow, ready to cancel 😂

[@JacobsPointsAndProfit]

Haha let us know how the cancelation goes or if they give you a retention offer

[@robert8311]

Amex is overrated imo not worth there transfer partner imo anymore useless

[@JacobsPointsAndProfit]

Yeah, in my opinion all the other issuers are getting better and are keeping annual fees low while Amex is increasing their annual fees without improving very much

[@L-Man-Gaming]

@@JacobsPointsAndProfitthank you, love this community but people have had very tame takes. There’s no other way to tell this story. Every other issuer you are getting more for less. Amex is dead.

[@gavinw6532]

They should have done Starbucks and kept the old annual fee

[@JacobsPointsAndProfit]

Starbucks would've been the the more popular choice for my household

[@Creditcardnerd]

I love it! Lol

[@JacobsPointsAndProfit]

Thanks! I needed to get my feelings out there!