Amex Gold fights back with Boxed.com, and worldwide dining 4X

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As expected, Amex publicly announced today that the Amex Gold Card now offers 4X points at restaurants worldwide rather than only in the US.  They also threw in another enhancement…  Remember that $120 per year dining credit where you earned up to $10 per month back for purchases at certain restaurants and food delivery services?  Now they’ve added Boxed.com to the list of available merchants for this credit.  This should make the dining credit much more accessible to many cardholders.

Summary of benefits

The $250 per year Amex Gold Card now offers the following benefits (the first two are newly enhanced):

  • $10 per month dining credit: Enroll in this benefit and earn up to $10 back per month for purchases at Boxed.com (new), Shake Shack, Seamless/Grubhub, Cheesecake Factory and Ruth’s Chris Steakhouse.
  • 4X at restaurants worldwide (previously US only)
  • 4X at US supermarkets on the first $25K spend per year, then 1X
  • 3X on flights booked directly with airlines or via amextravel.com
  • $100 airline fee credit: up to $100 in statement credits per year for incidental expenses like baggage fees at one selected airline (see what works here).
  • The Hotel Collection: Gold Card Members get a $100 hotel credit on qualifying charges, plus a room upgrade upon check-in, when available, when they book a stay of at least two consecutive nights at hotels in the collection
Amex Membership Rewards points can be incredibly valuable if you know how to use them. In general, if you use Membership Rewards points to pay for merchandise or travel, you won't get good value from your points. One exception is with the Business Platinum card where you'll get a 35% point rebate when using points to book certain flights. This gives you approximately 1.5 cents per point value, which is pretty good. Another exception is with the Business Gold Card where you'll get a 25% point rebate when using points to book certain flights. This gives you approximately 1.33 cents per point value. If you don't have either card, then your best bet is to transfer points to airline miles in order to book high value awards. More details can be found here: Amex Membership Rewards Complete Guide.

Rose Gold until 7/17/19

If you would prefer the Rose colored version of the Gold Card, you can get this version by applying by 7/17 or by calling to request a change to the Rose version if you already have the Gold card.

My Take

Despite my post yesterday (Amex Gold lost its shine – for me) I’m a fan of this card.  Just because it isn’t right for me doesn’t mean it isn’t perfect for many others.  I have a unique situation in which I have many cards that earn high multiples in many categories of spend and, as a result, I have trouble justifying the Gold card’s $250 annual fee.

For those who want to stick to a small number of cards, I think the Gold card should be a serious contender for a place in your wallet.  The ability to earn 4X at restaurants and US supermarkets plus 3X for airfare is a potent combination.  The ability now to earn 4X at restaurants worldwide is a big improvement, but keep in mind that many restaurants outside of the US don’t accept American Express.

The card’s $10 per month dining credit also goes a long way toward justifying the card’s significant annual fee.  If you regularly dine at the included restaurants, or order delivery from Grubhub or Seamless, or shop online at Boxed.com, you can easily earn back $120 per year.

The addition of Boxed.com to the $10 credit lineup is even more interesting considering that Amex often has Amex Offers for Boxed.com.  For example, via our Current Amex Offers page, I see that there are at least three current offers that you might find available through your Gold card:

Current Offer

As always, we publish the best public offers even if it means that we won’t earn a commission.  In this case (at least at the time of this writing), the refer-a-friend offer is better than the affiliate offer, so we published the refer-a-friend offer.  Note that you can refer yourself from a different Amex card so that you’ll earn credit for referring someone, and you’ll get the welcome bonus (if eligible).

American Express® Gold Card
60K Points
60K after $4K spend in first 6 months. Terms apply. (Rates & Fees)

$250 Annual Fee

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Alternate offer: Via certain browsers you may see an offer for 35K points after $4K spend and 10% back on purchases (up to $250 back) for the first six months.

Recent better offer: This is the best we've seen

FM Mini Review: This card offers an awesome return on US supermarket and worldwide dining spend, putting it at or near the top-of-class in both categories. The addition of Boxed.com makes it easy to get full value from the card's $10/month dining & entertainment credits.


Card Type: Amex Charge Card

Base
Travel
Dine
Grocery

Earning rate: 3X points for flights booked with airlines or on amextravel.com ⚬ 4x points at US Supermarkets (up to $25K in purchases, then 1x) ⚬ 4x at restaurants worldwide ⚬ 1X points on other purchases. Terms apply. (Rates & Fees)

Noteworthy perks: ⚬ Up to $100 a year in statement credits for baggage fees and more with one qualifying airline ⚬ Up to $10 in statement credits monthly with participating dining partners (Boxed.com, Shake Shack, Seamless/Grubhub, Cheesecake Factory and Ruth’s Chris Steakhouse) ⚬ $100 hotel credit on qualifying charges on stays of 2 nights or longer, plus a room upgrade upon arrival, if available with The Hotel Collection at americanexpress.com/hc

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