R.I.P Amex Gold Card

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AMEXPlatino86
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R.I.P Amex Gold Card

Postby AMEXPlatino86 » Wed Jun 21, 2017 8:52 am

I'm sure most of you guys heard the news about the dissolution of this card and the emphasis about the PRG. This is was the first card that let me enter into the Amex family. I remember it like it was yesterday. I only paid $125 at the time and thought that I was with the high rollers. The first place I went shopping at was...H&M for some undergarments. Nothing special. But it's kind of sad to see it go especially since it's been around for decades. Q.D.E.P. :(
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 776
TU: 774


rockyrock
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Location: Ventura, CA

Re: R.I.P Amex Gold Card

Postby rockyrock » Wed Jun 21, 2017 9:02 am

This isn't a huge surprise. When they closed the AF gap with the PRG the writing was on the wall.

I know what you mean though.
Sapphire Reserve: travel & dining
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

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CreditCardSage
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Re: R.I.P Amex Gold Card

Postby CreditCardSage » Wed Jun 21, 2017 10:13 am

We just wrote about what happened to it: blog/american-express-gold-card-discontinued/ It's only semi-retired. They just aren't marketing it to new applicants.

AMEXPlatino86
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Re: R.I.P Amex Gold Card

Postby AMEXPlatino86 » Wed Jun 21, 2017 11:06 pm

CreditCardSage wrote:We just wrote about what happened to it: blog/american-express-gold-card-discontinued/ It's only semi-retired. They just aren't marketing it to new applicants.



Duh lol. Of course I know that. They're still allowing those that have it to keep it and Platinum members to give it to AU in lieu of Platinum cards.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 776
TU: 774

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CarefulBuilder14
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Re: R.I.P Amex Gold Card

Postby CarefulBuilder14 » Wed Jun 21, 2017 11:22 pm

AMEXPlatino86 wrote:
CreditCardSage wrote:We just wrote about what happened to it: blog/american-express-gold-card-discontinued/ It's only semi-retired. They just aren't marketing it to new applicants.



Duh lol. Of course I know that. They're still allowing those that have it to keep it and Platinum members to give it to AU in lieu of Platinum cards.

I wonder how many people actually add AU Gold cards.

On one hand, it's free and easy...it offers convenience for heavy spenders.

On the other, the rewards are mediocre and people who spend a lot on Platinum generally like the superior perks and might not want their AU to miss that stuff.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

AMEXPlatino86
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Joined: Mon Feb 18, 2013 5:51 pm
Location: New York, NY

Re: R.I.P Amex Gold Card

Postby AMEXPlatino86 » Thu Jun 22, 2017 9:05 pm

CarefulBuilder14 wrote:
AMEXPlatino86 wrote:
CreditCardSage wrote:We just wrote about what happened to it: blog/american-express-gold-card-discontinued/ It's only semi-retired. They just aren't marketing it to new applicants.



Duh lol. Of course I know that. They're still allowing those that have it to keep it and Platinum members to give it to AU in lieu of Platinum cards.

I wonder how many people actually add AU Gold cards.

On one hand, it's free and easy...it offers convenience for heavy spenders.

On the other, the rewards are mediocre and people who spend a lot on Platinum generally like the superior perks and might not want their AU to miss that stuff.



Yeah but that is a subjective statement though. For example when they sent me the offer for the Gold card, I really didn't know what I was doing creditwise. It just felt good to start receiving offers again after finally fixing my credit. I don't think I would've been able to handle anything more than that (PRG and definitely not Platinum) so that was a good entry level card that wasn't the per se Green card. I have someone that is interested in getting in but isn't quite ready to handle the perks yet so I am more than happy to give a Gold card rather than another Platinum that they will not get any use out of.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 776
TU: 774

mountaindewvoltage
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Posts: 396
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Re: R.I.P Amex Gold Card

Postby mountaindewvoltage » Sat Jun 24, 2017 3:28 am

CarefulBuilder14 wrote:
AMEXPlatino86 wrote:
CreditCardSage wrote:We just wrote about what happened to it: blog/american-express-gold-card-discontinued/ It's only semi-retired. They just aren't marketing it to new applicants.



Duh lol. Of course I know that. They're still allowing those that have it to keep it and Platinum members to give it to AU in lieu of Platinum cards.

I wonder how many people actually add AU Gold cards.

On one hand, it's free and easy...it offers convenience for heavy spenders.

On the other, the rewards are mediocre and people who spend a lot on Platinum generally like the superior perks and might not want their AU to miss that stuff.


I'm wondering if this will change in the future, too.

Perhaps Platinum card holders will begin getting free PRG cards instead as a means to stop all the bitching from the masses on card sites about the AF increase.

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CarefulBuilder14
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Re: R.I.P Amex Gold Card

Postby CarefulBuilder14 » Sat Jun 24, 2017 3:07 pm

AMEXPlatino86 wrote:Yeah but that is a subjective statement though. For example when they sent me the offer for the Gold card, I really didn't know what I was doing creditwise. It just felt good to start receiving offers again after finally fixing my credit. I don't think I would've been able to handle anything more than that (PRG and definitely not Platinum) so that was a good entry level card that wasn't the per se Green card. I have someone that is interested in getting in but isn't quite ready to handle the perks yet so I am more than happy to give a Gold card rather than another Platinum that they will not get any use out of.

Plenty of people (myself included) have gotten Gold or PRG without much thought. The bonuses were/are nice, and the AFs were/are waived the first year.

The not-waived $450/$550 AF on Platinum has tended to discourage less-informed applicants, though, despite the bonus and numerous credits available. By the time people are willing to pay the AF, they're more likely to know what they are doing and have some grasp of what the Platinum offers that the Gold lacks.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

mountaindewvoltage
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Re: R.I.P Amex Gold Card

Postby mountaindewvoltage » Sat Jun 24, 2017 8:43 pm

CarefulBuilder14 wrote:
AMEXPlatino86 wrote:Yeah but that is a subjective statement though. For example when they sent me the offer for the Gold card, I really didn't know what I was doing creditwise. It just felt good to start receiving offers again after finally fixing my credit. I don't think I would've been able to handle anything more than that (PRG and definitely not Platinum) so that was a good entry level card that wasn't the per se Green card. I have someone that is interested in getting in but isn't quite ready to handle the perks yet so I am more than happy to give a Gold card rather than another Platinum that they will not get any use out of.

Plenty of people (myself included) have gotten Gold or PRG without much thought. The bonuses were/are nice, and the AFs were/are waived the first year.

The not-waived $450/$550 AF on Platinum has tended to discourage less-informed applicants, though, despite the bonus and numerous credits available. By the time people are willing to pay the AF, they're more likely to know what they are doing and have some grasp of what the Platinum offers that the Gold lacks.


I'm an informed applicant and I'm not biting on the Platinum. There isn't price protection, there isn't an attractive rewards structure, and the annual fee is $100/year more than the Sapphire Reserve which has a rewards program and perks that are more aligned with my lifestyle. Centurion Lounge access is not that big of a deal to me. I'm not paying $550 a year to get drip fed benefits (Uber) and getting $100 less on airline fee credits, as well as zero bonus points on dining and entertainment purchases, while the rewards points lag four weeks behind the closing of the statement in which you purchased the items.

I would say the AMEX Platinum is the least attractive "semi-premium" card out there out of the four, even falling behind U.S Bank's; however, it is probably the easiest to get by far.

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CarefulBuilder14
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Re: R.I.P Amex Gold Card

Postby CarefulBuilder14 » Sat Jun 24, 2017 9:28 pm

mountaindewvoltage wrote:
CarefulBuilder14 wrote:Plenty of people (myself included) have gotten Gold or PRG without much thought. The bonuses were/are nice, and the AFs were/are waived the first year.

The not-waived $450/$550 AF on Platinum has tended to discourage less-informed applicants, though, despite the bonus and numerous credits available. By the time people are willing to pay the AF, they're more likely to know what they are doing and have some grasp of what the Platinum offers that the Gold lacks.


I'm an informed applicant and I'm not biting on the Platinum. There isn't price protection, there isn't an attractive rewards structure, and the annual fee is $100/year more than the Sapphire Reserve which has a rewards program and perks that are more aligned with my lifestyle. Centurion Lounge access is not that big of a deal to me. I'm not paying $550 a year to get drip fed benefits (Uber) and getting $100 less on airline fee credits, as well as zero bonus points on dining and entertainment purchases, while the rewards points lag four weeks behind the closing of the statement in which you purchased the items.

I would say the AMEX Platinum is the least attractive "semi-premium" card out there out of the four, even falling behind U.S Bank's; however, it is probably the easiest to get by far.

You're misreading my post.

"People tend to be informed before paying $550 for Platinum" (what I said)

is not the same as

"Informed people tend to be willing to pay $550 for Platinum" (what you think I said)
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



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