hello my credit card aficionados, is the amex gold worth?
>>62486130Idk im balls deep in crypto.
>>62486130you pay them money every year for a piece of plastic, that doesn't work for me
not really, cashback is better until you see a use for platinum travel
>>624861754x on food seems enticing, plus the monthly credits
>>62486178yeah but is it going to net $300+ a year to pay for its own fee, plus however much you'd benefit from the cash card?
>>62486184that is true, it's something i should think abouti already have the chase cards (csp, cfu, cf/cff)
>>62486189I prefer to concentrate all my rewards in one card, just simpler that way. but having any Amex is desirable because their concierge service is just better, by a large margin, until you get into the creepy rich segment. I've only ever needed to use their concierge twice but both times were under severe time pressure and both times had a great outcome
>>62486130I like it and making it work is easy.>10 dollars of GrubHub a month gets covered. I just order pickup and get a free sandwich every month>10 dollars of interest/Uber gets covered>Treat yourself to a nice dinner at a Resy restaurant twice a year gets $50 covered each timeDone. You've already covered the $15 over the $325 annual fee without even breaking into the 4x points on grocery stores and bars and restaurants. I don't think I've ever had to pay for an AirBNB because I just convert my points into their gift card. But I do also spend quite a bit at bars because I'm a high roller who likes to have fun in public.
Amex Gold Card costs $325 a year. Rewards points are distributed 1:1 per dollar spent with a $0.60 redemption rate, meaning every $1000 spent gives you $6 in credit. However, you get multipliers for specific types of purchases, like 4x points for groceries, etc. You also have literally hundreds of recurring deals giving credit for stores, restaurants, uber, whatever. A BofA Travel Rewards card costs $0 a year. Points are distributed 1.65 per dollar, with a 1$ redemption rate, so $1000 spent will net you $16.50 in credit.$1000 of groceries with Amex = $6 (x4) = $24 in rewards points$1000 of groceries with BofA TRC = $16.60 in rewards pointsIf you go out a lot, use the various deals, spend time in airports, go to concerts, want pre-sale tickets, the Gold Card can technically pay for itself. But you'll need to be a certain level of rich and active (or clever and attentive) to make it work>>62486222This alone makes it worth it
>>62486130I have very heavy spend so it does make sense but really for normal people you ought to get it for a good signup bonus and then cancel.>>62486250>BofA Travel Rewards card costs $0 a year. Points are distributed 1.65 per dollar, with a 1$ redemption rate, so $1000 spent will net you $16.50 in credit.Aye lmao are you a peasant or what? Fidelity Visa will pay 2% back on everything. That's the bare minimum you should get on every purchase. If you have a balance to buff the BOA cards we can talk but 2% is a bare bare minimum
>>62486130Not including my welcome bonus, I've gotten about $500-600 worth of rewards from it so far. I've had the card for about 9 months.I am an exactly middle class individual. Basically, just get it if you go to Dunkin and go out to eat semi-frequently.
>>62486138You mean the casino kek.
>>62486130worth it with $195 fee not worth it with $395
the main purpose of amex is to act as a charge card, basically a cash card. you bring it instead of cash. best to pay off the tab weekly. theres fees on higher tiers but its original purpose was for rich people to not have to carry cash. lose the card and its easy to kill it. theres perks for each but its main purpose is a charge card, not a traditional credit card where you carry a balance.
>>62486250>Rewards points are distributed 1:1 per dollar spent with a $0.60 redemption rateThat's only if you redeem them for cashback like a retard. >>62486130I have one and think so>$325 annual fee>-$120 dining credit>-$120 uber cash>-$100 resy credit>-$84 dunkin donuts creditThat's $424 in credits and you end up $100 ahead of the annual fee.It has 5x on prepaid hotels (but never do this), 4x points on groceries, 4x on dining, 3x on flights, and 1x on everything elseYou can redeem points for cash at $0.006, amex-booked travel at $0.01. The real value is in transferring the points to a partner airline (hotels are only about $0.01) where you can get $0.015-$0.03 depending on where you're going.At those rates, you're getting 6%-12% back on groceries/dining, 4.5%-9% on flights, and 1.5%-3% on everything else. That's pretty hard to beat.
>>62486184>$120 dining credit>$120 uber cash>$100 resy credit>$84 dunkin donuts creditIf you use all of that, you'll end up $100 ahead before even looking at the points as I did in >>62487171If you get $0.015 per point, you'll get 6% return on groceries/dining spending. If you get $0.03, it'll be 12%. If you spend $4000 on groceries, that's an extra $40-$280 compared to even a 5% grocery card.They also do a lot of coupon book shit (spend $30, get $10 back). If you're already buying that stuff, it's worth it.
