Better offer: 50K after $2K via referral from a friend w/ new 4x benefits

We reported very early this morning about the new American Express Gold Card, featuring the previously-rumored benefits like 4x at US Restaurants, 4x at US Supermarkets (on up to $25K in purchases, then 1x), up to $10 per month in statement credits for participating restaurant/food delivery merchants, etc. Two major downsides included a newly increased annual fee of $250 that is not waived in the first year and a relatively weak welcome offer of just 25,000 points after $2,000 in purchases in the first three months. However, readers were quick to point out that you can get a better offer via a referral from a friend.

The Offer

  • When referred by a friend for the new American Express Gold Card, you can earn 50,000 Membership Rewards points after $2,000 in purchases in the first 3 months plus get 20% back as a statement credit (up to $100) for dining purchases at US Restaurants in the first 3 months (Offer expires 1/9/19)

Key Card Details

  • Annual fee of $250 is not waived
  • Earn 4x at US Restaurants
  • Earn 4x at US Supermarkets (on up to $25K per year, then 1x)
  • Earn 3x flights booked directly with airlines or via amextravel.com
  • $120 dining credit: $10 per month credit for spend at GrubHub, Seamless, The Cheesecake Factory, Ruth’s Chris Steakhouse, and Participating Shake Shack locations
  • $100 Airline Fee Credit (unchanged benefit)

Quick Thoughts

The smart play was applying before today as the previous offer waived the annual fee for the first year. Even if we consider the restaurant statement credit at full face value, that makes this offer $150 more expensive. Furthermore, as Greg noted earlier, existing cardholders (i.e. those who opened the card before today) will keep 2x at gas stations through October 4, 2019 on top of the new benefits (See: Current Premier Rewards Gold cardholders keep 2X Gas and $195 into 2019). Those who opened the card before today are the clear winners.

However, if you share with me a nagging sense of regret and have not yet found a slick deal on a Delorean (O’Reily Auto Parts has you covered if you do find the car), you can take some solace in the referral offer if you have a friend who has the card. You’ll still be on the hook for the $250 annual fee as it still isn’t waived the first year, but you’ll qualify for up to a hundred bucks back from restaurants (20% back as a statement credit, up to $100 back, on dining purchases at US Restaurants in the first 3 months) and pick up 50K bonus points when you meet the spend. Coupled with 4x at US restaurants and 4x at US Supermarkets (on up to $25K per year, then 1x), and the monthly credits worth up to $10 for select dining merchants, it should ease the sting.

Like the public offer, the referral shows an expiration date of 1/9/19, so you do have some time to think it over and wait out a better offer if you’d like. If, on the other hand, you’re looking to make new friends, head over to the Frequent Miler Insiders Facebook group to find and share referral links with your good friends and fellow readers. Find the dedicated thread and read and follow the directions (links posted without following directions will be deleted). Please do not post your referral link here — it will get caught in the spam filter and will not post. Thanks for your understanding!

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

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Zooter
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Zooter

Is it possible that those of us that previously received a Premier Reqards Gold sign-up bonus some years in the past might qualify again now that the card’s name and structure is different? i.e. it’s a different product so lifetime exclusion language doesn’t apply?

Owen
Guest
Owen

Will a referral from a Platinum holder work? Doctor of Credit had a recent article that any Hilton credit card referral would work for other Hilton credit cards.

Frank
Guest
Frank

Dining Credit? Hardly. I have never eaten in one of those and don’t ever expect to.

Tyler
Guest
Tyler

Seamless and Grubhub are sites from which you order from local restaurants.
You don’t eat in them.

Frank
Guest
Frank

Well, I would not be likely to use those services either … not my style of eating.

Frank
Guest
Frank

I have had a gold card for almost a year – is this a “new” product or am I banned for life?

Rajat Madan
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Rajat Madan

Is this a business card or a personal card? I have the Amex god business card – will I be eligible to get a welcome offer on this one? Thanks!!

Greg Haney
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Greg Haney

I was a Premier Rewards Gold cardholder about 10 years ago, and the system still said I was ineligible for the welcome offer.

ktc
Guest
ktc

Join the discussion…at what point of application process does the message pop up? thx

Eugene
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Eugene

I am curious if 4X on dining will work in MPX app

Mark
Guest
Mark

Can I product change down from an Amex Platinum (ideally the MB version that I have) into this card? Realize I wouldn’t get the sign up bonus and would be on the hook for the $250 annual fee but I’m not eligible for the sign up bonus and would like to max out that 25k supermarket category with this card. Speaking of which, does the 25k reset every calendar year or card member year? Thanks!

Josh
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Josh

usually cannot but can’t hurt to try.

But if I recall the MB plat is being converted to Vanilla plat so you would then likely be able to.

Steve
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Steve

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[…] points, but you can get 50,000 points if you use someone’s personal referral link (hat tip to FM post). Here is mine if you absolutely intend to apply right now. Thanks if you choose to use it! But as […]