American Express Introduces Increased Welcome Bonus for Gold Card

Home » Money Management » Credit Cards » American Express Introduces Increased Welcome Bonus for Gold Card

American Express Introduces Increased Welcome Bonus for Gold Card

“Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.”

For those in search of a card that will reward them for everyday expenses such as dining and grocery shopping, as well as benefit them once their travels resume, American Express may have just revealed a worthwhile deal. Currently, American Express is offering a special welcome bonus for the Gold card. Now, new cardholders can earn 60,000 Membership Rewards points when they spend at least $4,000 in their first six months. In addition to the increased points — the highest amount ever offered on this card — this bonus also gives cardholders twice as much time to reach the minimum spending requirement than the typical three months. Previously, the standard offer for this card was 35,000 Membership Rewards points.

As luck would have it, the American Express Gold Card is one that cardholders should still be able to make plenty of use of despite the “new normal.” That’s because, in addition to earning 1 Membership Rewards point per dollar on eligible purchases, it earns 4x points at restaurants — including take-out and delivery — as well as 4x points at U.S. supermarkets (up to $25,000 in spending per year). On top of that, cardholders enjoy up to $10 in dining credits each month. These statement credits can be earned by making purchases from Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and “participating Shake Shack locations.” Additionally, as of February 2021, Gold card members can also earn $10 a month in Uber Cash, which is also good on Uber Eats orders.

When cardholders are ready to travel again, they can also take advantage of other Gold card perks, including 3x points on flights booked either directly from the airline or via the Amex Travel portal. Speaking of Amex Travel, Gold cardholders will also have access to the American Express Hotel Collection, which offers special perks at select properties.

While the Amex Gold Card does carry a $250 annual fee, the credits, multipliers, and other perks including Amex Offers can help cardholders make up for that expense. Moreover, the 60,000 Membership Rewards points that customers can collect with this enhanced offer could be worth $360 if utilized for a statement credit, up to $600 if redeemed for gift cards or via Amex Travel, or potentially more than $1,000 if transferred to travel partners for flights or hotel stays (your results may vary). In any case, cardholders should have no issues getting value from their Gold card during their first year.

At this time, it’s not clear how long this 60,000 point sign-up bonus will last — so, if you’ve had your eye on the American Express Gold Card, now may be a great chance to add it to your wallet.

“Money@30 has partnered with CardRatings for our coverage of credit card products. DyerNews.com and CardRatings may receive a commission from card issuers.” (Note: advertising relationships do not have any influence on editorial content. Advertising compensation allows DyerNews.com to provide quality content for free. All editorial opinions are those of the individual author and/or Dyer News.)


Also published on Medium.

Author

Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded DyerNews.com in 2015 to focus on personal finance and the emerging FinTech markets.

Other Articles by Jonathan Dyer

Amazon Highlights Small Businesses Ahead of Prime Day 2021

On June 21st and 22nd, e-retail giant Amazon will celebrate its annual Prime Day — its Black Friday-esque sales event. Ahead of those dates, the site is incentivizing support for small businesses. This includes allowing shoppers to earn a credit for shopping small, rewarding Amazon credit cardholders with additional discounts,...

FinTech Cash Advance Startup Clair Raises $15 Million

Another early-stage FinTech investment round is now in the books. This week, Clair announced that it had raised $15 million. The Series A was led by Thrive Capital — a firm which itself recently raised money, closing its Thrive VII fund at $2 billion in February. Some of Thrive's past...

Citi Introduces 'Custom Cash' Card With Up to 5% Back

It looks as though the battle of the credit card issuers is continuing to heat up. In addition to banks recently upping some of their offers to record highs, recent weeks have seen several new card products revealed. The latest card to shake thing up with its debut is the...