The best Amex card for dining rewards
Why you’ll love it: The Amex Gold card has a lower annual fee than the Platinum Card, but it offers stellar rewards on dining and groceries and solid benefits.
Welcome offer: 35,000 Membership Rewards points when you spend $4,000 in the first three months.
Annual fee: $250
Pros: Stellar rewards on dining and groceries, useful benefits, lower annual fee than the Platinum card
Cons: High annual fee compared to some other cards
American Express recently launched a massive reboot of its Premier Rewards Gold card, or “PRG,” rebranding it as the American Express Gold Card, releasing a new metal design, and totally overhauling the rewards and benefits on the card.
Right now, this is one of best cards available for dining, unless you’re only interested in cash back, rather than potentially more valuable rewards points, and unless you find yourself abroad at restaurants often.
The Gold Card earns 4x points at restaurants worldwide and on up to $25,000 per year at US supermarkets (and 1x point after that), 3x points on flights booked directly with the airline, and 1x point on everything else. Based on the fact that you can easily redeem Membership Rewards points for more than 1 cent of value each, that makes this the highest-earning card for everything food-related.
The Gold Card offers up to a $100 airline fee credit each calendar year, and adds up to $120 of dining credits — split into $10 each month — at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Steak House, or participating Shake Shack locations.
New card members — those who haven’t previously had the Premier Rewards Gold — can earn a welcome bonus of 35,000 points when they spend $4,000 in the first three months.
While it’s difficult to assign an exact value to Membership Rewards points, The Points Guy subjectively estimates each point as worth 2 cents. That makes the welcome bonus worth $700. Even without factoring in the annual credit benefits, that’s more than enough to make up for the card’s $250 annual fee.
Check out our full review of the Amex Gold card for more details.
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