How much is the Amex Gold annual fee?

Question

To get American Express Platinum’s annual fee waived, call the American Express retention department at 1 (800) 452-3945. State that you’re considering cancelling or switching cards because of the high annual fee.

American Express typically does not waive annual fees entirely, but it may offer a side benefit to offset the Platinum card’s $550 annual fee. Retention offers traditionally include statement credits, bonus points or spending bonuses. If there’s no offer, a customer can always cancel the card. Downgrading to an American Express card with a lower annual fee is also an option.… read full answer

If you’re requesting an annual fee waiver because of financial hardship, American Express offers a financial relief program for eligible cardholders. If you qualify, American Express will waive the annual fee, but depending on the program, you may not be able to use your Platinum card while you’re enrolled.

There is still another way you could possibly get American Express Platinum’s annual fee waived. If you’re a military member who meets the requirements for benefits under the Servicemembers Civil Relief Act (SCRA), American Express will waive Amex Platinum’s $550 annual fee every year that you’re on active duty. You’ll still get all of the card’s benefits, which include 5 points per $1 spent on airfare booked through Amex Travel, $200 annual credits for both airline fees and Uber rides, and more.

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Answer 1 · 2020-09-06 23:28:11

RODNEY BENNETT, Hipster Investor

@rodneyben 09/06/20 This answer was first published on 09/07/20 and it was last updated on 09/06/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Amex Gold annual fee is $250. Amex Gold’s annual fee is much higher than the average credit card fee, but it’s neither the most expensive annual fee on the market nor the most expensive fee charged by Amex. Several American Express cards, such as Amex Centurion, Amex Platinum and Delta SkyMiles Reserve, cost more.

Still, the Amex Gold card is only worth getting for people who will spend enough and take advantage of enough of the perks to at least break even on the $250 fee. The card offers plenty of rewards, with 1 - 4 points per $1 on purchases, plus a bonus of 60,000 points for spending $4,000 in the first 6 months. There are also credits for Uber and dining to take advantage of, which together could cover most of the annual fee.

In addition to the Amex Gold Card’s annual fee of $250, the card has a cash advance fee of 5% (min $10) and a maximum late fee of $40. The foreign transaction fee is 0%.

How much is the Amex Gold annual fee?

RODNEY BENNETT, Hipster Investor

American Express® Gold Card

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