The American Express Gold Card is great for earning valuable Membership Rewards® points at restaurants worldwide and U.S. supermarkets.
- You can earn $400+ in dining and rideshare credits every year (Enrollment required for select benefits mentioned)
- Exceptionally rewarding for eligible restaurant and U.S. supermarket purchases
- No foreign transaction fees
- Larger annual fee
- Credits are more complicated, you earn them monthly or semi-annually
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select’s editorial staff.
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin’ Credit: With the $84 Dunkin’ Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin’ locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
- See Rates & Fees
Foreign transaction fee
The Blue Cash Preferred® Card from American Express is a low-fee card with generous cash-back rewards and useful ongoing benefits, such as a monthly Disney Bundle credit. (Enrollment required for select benefits mentioned)
- High cash-back earnings for U.S. supermarkets and streaming services
- Intro-APR offer for purchases and balance transfers
- No annual fee for the first year
- It’s less rewarding after the first year because of the annual fee
- Bonus rewards for U.S. supermarkets are capped
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select’s editorial staff.
- Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments with a fixed fee. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low Intro APR: 0% intro APR on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 20.24% – 29.24%.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
- $84 Disney Bundle Credit: With your enrolled Blue Cash Preferred® Card, spend $9.99 or more each month on an auto-renewing Disney Bundle subscription, to receive a monthly statement credit of $7. Valid only at Disney Plus.com, Hulu.com or Plus.espn.com in the U.S.
- Apply with confidence. Know if you’re approved for a Card with no impact to your credit score. If you’re approved and you choose to accept this Card, your credit score may be impacted.
- Terms Apply.
- See Rates & Fees
Balance transfer fee
Either $5 or 3% of the amount of each transfer, whichever is greater.
Foreign transaction fee
2.7% of each transaction after conversion to US dollars
Amex Gold Card vs. Blue Cash Preferred
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Annual fee
While the Gold Card carries a higher annual fee, it also comes with over $500 in annual value to offset it. If you don’t want to worry about a high annual fee, regardless, though, the Blue Cash Preferred’s $95 (see rates and fees) is easier to swallow — plus, you’re off the hook the first year.
Welcome bonus
The Blue Cash Preferred offers new cardholders a $250 statement credit after spending $3,000 on eligible purchases within the first six months.
While you won’t know exactly how many points you can earn as a welcome bonus until after you apply and get approved for the Amex Gold, a maximum amount of 100,000 points can certainly go a long way. With Membership Rewards points valued at approximately 2 cents each, the welcome bonus is worth around $2,000 in value. The Blue Cash Preferred’s spending threshold ($3,000) is half the Amex Gold’s ($6,000) in the same amount of time (first six months), but $250 is much lower than what you could likely earn with the Gold. If you’d naturally spend $6,000 within six months anyways, without spending above your means, then the Gold’s welcome offer is excellent value.
Rewards
Amex Gold vs. Amex Blue Cash Preferred
| Amex Gold | Amex Blue Cash Preferred | |
|---|---|---|
| Restaurants worldwide | 4X points on the first $50,000 in purchases per calendar year, then 1X points | N/A |
| U.S. supermarkets | 4X points on the first $25,000 in purchases per calendar year, then 1X points | 6% cash back, up to $6,000 per year in purchases, then 1% |
| Select U.S. streaming subscriptions | N/A | 6% cash back |
| U.S. gas stations | N/A | 3% cash back |
| Transit | N/A | 3% cash back |
| Flights booked directly with airlines or via Amextravel.com | 3X points | N/A |
| Prepaid hotels and other eligible travel booked on Amextravel.com | 2X points | N/A |
| All other purchases | 1X points | 1% cash back |
The one rewards category the cards share is at U.S. supermarkets, with the Blue Cash Preferred earning 6% back, but only to a max of $6,000 per year, compared to the Amex Gold earning 4X on the first $25,000 each year. The Amex Gold is going to be a better option for those who like going to restaurants, as it earns 4X points at restaurants worldwide on the first $50,000 annually.
The Blue Cash Preferred rewards cardholders in everyday categories they likely spend in often, such as supermarkets, gas, transit and streaming subscriptions. But for those who travel or dine out frequently, there’s no doubt the Amex Gold is a better fit, as it lets you earn points on flights, hotels and restaurants. It’s also hard to beat being able to redeem rewards multiple ways versus just simply as a statement credit or on Amazon — more on that below.
Redemption options
Amex transfer partners
| American Express transfer partners |
|---|
| Aer Lingus AerClub (1:1) |
| Aeromexico Rewards (1:1.6) |
| Air Canada Aeroplan (1:1) |
| Air France/KLM Flying Blue (1:1) |
| ANA Mileage Club (1:1) |
| Avianca LifeMiles (1:1) |
| British Airways Executive Club (1:1) |
| Cathay Pacific Cathy (1:1) |
| Delta SkyMiles(1:1) |
| Emirates Skywards (1:1) |
| Etihad Guest (1:1) |
| Iberia Plus (1:1) |
| JetBlue TrueBlue (5:4) |
| Qantas Frequent Flyer (1:1) |
| Qatar Airways Privilege Club (1:1) |
| Singapore Airline KrisFlyer (1:1) |
| Virgin Atlantic Flying Club (1:1) |
| Choice Privileges (1:1) |
| Hilton Honors (1:2) |
| Marriott Bonvoy (1:1) |
The Blue Cash Preferred’s Reward Dollars are more restrictive and can only be used for statement credits and when shopping at Amazon.com. For those who prefer a simpler credit card rewards program, this card is a great option.
Benefits
Choosing the Amex Gold means having access to over $500 in value each year from the following perks:
- Up to $120 in Uber Cash annually ($10 in Uber Cash each month to use on orders and rides in the U.S. when you select an Amex card for your transaction)
- Up to $120 in annual dining credits (up to $10 in statement credits per month; enrollment required) for purchases at eligible partners, including Grubhub, The Cheesecake Factory, Five Guys and more
- Up to $84 in annual Dunkin’ credit (up to $7 in monthly statement credits after you enroll and pay with the Amex Gold Card at U.S. Dunkin’ locations)
- Up to $100 in eligible hotel credits each calendar year when you book a stay of two nights or more through Amex’s The Hotel Collection; credit use varies by property
- Up to $100 in annual Resy credit (get up to $100 in statement credits each calendar year; enrollment required)
- Baggage insurance*
- Rental car loss and damage insurance**
- Trip delay insurance***
- Purchase protection*
- Extended warranty*
Since the Blue Cash Preferred has a much lower annual fee, it’s typical that it’d come with fewer credits:
- Earn a $84 Disney Bundle credit when you spend $9.99 or more each month on an auto-renewing Disney Bundle subscription, to receive a monthly statement credit of $7; valid only at DisneyPlus.com, Hulu.com or Plus.espn.com in the U.S.
- Rental car loss and damage insurance**
- Purchase protection*
- Return protection
- Extended warranty*
*Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
**Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
***Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
Which should you get?
If you travel and dine out often, the Amex Gold lets you maximize that spending and the card’s benefits that you’ll likely take advantage of will offset the $325 annual fee. Plus, you’ll earn at supermarkets.
If you prefer less of a premium credit card and more of an everyday one that gives you cash back on things like gas, groceries and streaming, the Blue Cash Preferred with its low $95 annual fee ($0 the first year) is a winner. You don’t have to worry about figuring out how to best redeem your cash back and can simply just apply it to paying off your monthly bill.
Amex Gold vs. Blue Cash Preferred overview
| Amex Gold | Blue Cash Preferred | |
|---|---|---|
| Credit score requirements | Good to Excellent | Good to Excellent |
| Annual fee | $325 | $0 intro annual fee for the first year, then $95 |
| Rewards | 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide on up to $50,000 in purchases per calendar year (then 1X), 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year (then 1X), 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com, 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com, and 1X on all other eligible purchases | 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases |
| Intro APR | N/A | Yes |
| Standout benefits | $500+ annual credit value and the ability to transfer Membership Rewards® points | 6% Cash Back at U.S. Supermarkets and a streaming service credit |
FAQs
What credit score do you need for the Amex Gold?
The Amex Gold typically requires having good to excellent credit, or a score ranging from 670 to 850.
Can you upgrade the Blue Cash Preferred to the Amex Gold?
No, you can’t upgrade the Blue Cash Preferred to the Amex Gold as they aren’t in the same family of cards. You can apply for each card separately and own both should you be approved.
What is the highest limit on the Amex Gold?
The Amex Gold has no preset spending limit; instead, the amount you can spend adapts based on factors such as your purchase, payment and credit history.
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For rates and fees of the American Express® Gold Card, click here.
For rates and fees of the Blue Cash Preferred® Card from American Express, click here.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.