I Went Rose Gold! Increased Bonus Points, Plus $300+ in Statement Credits

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UPDATE: This offer has expired and the refer-a-friend link is now offering 40,000 points and the “Rose” Gold color is no longer available.

Back in October, American Express launched the brand new American Express Gold Card. It has been on my radar for some time, but I was busy hitting minimum spend for some other cards (related: My Recent Credit Card Approval: 70,000 Points with the Barclaycard Arrival Plus). Now that the end of December is approaching, it was time to pull the trigger. Applying for the card now vs. in 2019 will grant me an extra $100 in travel credits so I wasn’t able to hold off too long. Also, the the Rose Gold metal is only available through January 9, 2019 so if I was going to ultimately apply for the card anyways I figured I should get it with the limited edition color — there is definitely a “cool” factor that goes along with holding this card! Not to mention that if you apply for the card by January 9th, you’ll also receive 20% back as a statement credit at U.S. Restaurants (up to $100 back) within the first 3 months of Card Membership (which is now expired). NOTE: Make sure to apply through a refer-a-friend link as it will give you 50,000 points 40,000 points — the publicly available offer is only for 25,000 35,000 points!

UPDATE: The Rose Gold color is no longer available.

Maximize Your Points and Statement Credits!

This is one of the richest cards cards for restaurant and supermarket purchases. With this card, you’ll receive:

  • 4X Membership Rewards points at U.S. Restaurants
  • 4X Membership Rewards points at U.S. Supermarkets (on up to $25,000 in purchases annually, then earn 1x points)

You’ll also earn up to $10 per month in statement credits when you use your card at eligible dining partners. Assuming you are able to maximize the statement credits earned, this will give you a $120 dining credit every single year. Some participating locations include Shake Shack, The Cheesecake Factory, Ruth’s Chris Steak House, and Grubhub/Seamless Web. Unfortunately, the credits cannot be combined from year to year, but I am going to test out purchasing a $10 gift card to Cheesecake Factory (in-store) which I believe will trigger the statement credit. This will then allow me to use combined gift cards on a few dinners out at this restaurant — we do not go to this restaurant monthly, but a few times a year works just great for my family!

This card also gives a nice 3X Membership Reward point bonus on flights booked directly with airlines on amextravel.com. Although, I prefer to use a credit card which carries travel protection, and this card does not. This means I definitely will not be using this card for travel.

Similar to many other American Express credit cards, you’ll also receive up to a $100 airline fee credit per year. This is good for incidental fees at your selected airline. It works the exact same as the statement credit received from the American Express Platinum card and the existing American Express Premier Rewards Gold card. Now, since I applied for the card in 2018, I was quickly able to get $100 statement credit for my “Airline Fee Credit” benefit now and will be eligible again in January. The $100 airline fee credit runs on a calendar year, not a cardmember year. This means before my 1st year on the card runs up, I’ll be able to secure two $100 airline fee credits for a total of $200. I personally had success purchasing a Southwest gift card (since Southwest is my go-to airline). Note that purchasing gift cards does not trigger the statement credit for all airlines, but their is an entire FlyerTalk thread which discusses what will and will not work. Based on data points as of today, gift card purchases work on: Southwest, Delta ($50 maximum), and American ($100 maximum),

 

To Apply Through the Better 50,000 40,000 Point Offer

While the publicly available offer is for 25,000 35,000 Membership Reward Points, I’ve written about the opportunity to actually earn more points with a refer-a-friend link ! So if you are going to apply for this card, DO NOT apply through a link that will only give you 25,000 35,000 points. Many other sites are not advertising the better offer, so steer clear of any bloggers link that is not disclosing to you the double point opportunity!

  • Click on my personal referral link to see almost all American Express credit cards
  • Click on the “View all Card with a Referral Offer” (you might have to swap to the personal cards view if you are on a business card referral). 

  • Click on “All Personal Cards”

  • You’ll see the American Express Gold Card 50,000 40,000 point offer on the top row of the right-hand side

My Thoughts

This is definitely a “cool” card and I love the concept of the Rose Gold. It is definitely a different card which will stand out, although by no means the reason to actually apply for the card. I am not one to drink the kool aid and apply for a card based on metal type! While there is a $250 annual fee, on a yearly basis you’ll receive up to $220 worth of statement credits ($120 on dining credits + $100 on airline fee credits). In just the first year, however, I’ll receive the following:

  • 50,000 40,000 bonus Membership Reward points as part of the welcome offer
  • $100 statement credit for my airline purchase in December 2018
  • $100 statement credit for my airline purchase in January 2019
  • $130 in total statement credits for my dining purchases throughout the year (given in $10 increments for 13 months between December 2018 and December 2019)
  • $100 in total statement credits for my U.S. Restaurant purchases for my first 3 months

So in just the first year of cardmember, I’ll receive a total of $430 $330 in statement credits and 50,000 40,000 Membership Reward points. I value my Membership Reward points at a conservative 1.5 cents per point, so in my book they are worth around $750 $600.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Comments

  1. If you were approved mid/late December, you can get the $100 statement credit for airline purchase 3x… working under the assumption that you might cancel the card after first year. Jan 2020 is the 3rd time

  2. Good luck using the dining credits $10 a month at a time. For me that’s an invitation to spend more money that I normally wouldn’t spend. That’s the whole point of this credit, some smart guy in marketing figured this out, to get people to either spend extra or lead to huge breakage for AmEx.

    • @Kevin – I 100% agree with you, but that is why I’ll purchase $10 gift cards every month and then redeem the gift cards when I actually eat out at the restaurant (cheesecake factory). I do go there a few times a year so that is money I would have spent anyways.

      • Are you sure buying $10 gift cards @ cheesecake factory will activate the $10 credit? I will do the same thing if that strategy works, as I do love TCF.

        • @Nancy – I haven’t yet. But I do not see any reason it shouldn’t work. It is processed the same as a regular transaction at the restaurant.

  3. You said that applying for the card is worth $1180 to you, but that does not take into account the $250 AF, so the net is $930, right?

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