American Express

Amex Gold Card Welcome Offers: Now 35,000 or 40,000 or 50,000 Points

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Until yesterday, there were two offers floating around: The public and affiliate links were offering 25,000 points as part of the Welcome Offer, while a referral from a friend (or yourself) earned 50,000 bonus points.

As of today, all old refer a friend offers have expired.

And there are now three different offers floating around.

1: The public offer has increased to 35,000 points. This is what you’ll see if you just go to the American Express website. (Learn More)

2: Referral offers (from yourself or a friend) are now offering 40,000 points

3: And if you go to the American Express website in a private/incognito browser, you may get the following offer for 50,000 points:

I’m not quite sure why American Express chooses to play around with the offers this way. For sure, if you take the 35,000 offer and later realize you could have had 40,000 or even 50,000 points, it’s a bit of a sting on your loyalty right off the bat.

Still, this is what it is, so best to be informed. Try the incognito mode first. If that doesn’t work use a referral link.

Since American Express revamped this card late last year, cardmembers now get, in exchange for their $250 annual fee: 

  • A $120 Dining Credit: $10 monthly dining credit each month – must be used for one of the following: Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Shake & Shack. Must enroll first and pay using Premier Rewards Gold card.
  • 4X points: US restaurants
  • 4X points: US supermarkets, up to $25k per calendar year.
  • 3X points on flights booked directly with the airline or on
  • It also still comes with a $100 annual airline fee credit (for one designated airline and on ancillary fees only).

Note that the card will no longer earn 2x on gas.

amex prg revamp

What about the annual fee? Are the benefits worth it?

For most of us in big cities, ordering in at least once a month is a given. Using the credit for Seamless/Grubhub is a no brainer (and smart for Amex as you probably order many more times than 1x a month and will now set your default card to PRG).

This reduces your net annual fee to $75. But that ancillary fee for airlines has ways of being used for gift cards – assuming you wouldn’t actually use it for ancillary fees like checked bags anyway) so now you get paid $25 a year to have the card.

And then on top of that, you’ll get 4x on dining – clearly topping the 3x on many other cards like the CSR. While you can’t use Amex points at 1.5 cents a point like CSR, you can certainly get great value by transferring the points to airlines. I value Amex points around 1.8 cents each because of its transfer partners, meaning dining spend is a net effective 7.2% rebate.  Ditto here for spend at supermarkets (where you can probably also get 4x MR points on some gift cards).

I got this card myself. It seems like dining spend has a new card in my wallet. 

Thoughts? Let me know here, on Twitter, or in the private MilesTalk Facebook group.

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