Amex Gold Year One Review: Keep, Cancel or Downgrade? – The Credit Shifu

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39 comments

jalabi99 December 19, 2019 - 2:29 am

Have a safe trip!

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Tommy Rabun December 19, 2019 - 2:43 am

wtf. you have ski channel?! linky! cus i ski! ill be at hunter mtn on the 30th!

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Moe December 19, 2019 - 2:58 am

To be honest I love my gold card. 💳 But I only have been using it for, the dining Credit.🤷🏽‍♂️🤷🏽‍♂️🤣😂😂 But am keeping it they gave me, a 0% APR for 6 billing cycles.

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matthew baughman December 19, 2019 - 4:18 am

Soooo…new AE Platinum owner here, thinking about getting a Gold as well. I also have an American Airlines citi card that I have been racking and stacking miles on. I can transfer AE points to my American Airlines and vise versa? I have been seriously considering on transferring my AA miles to British Airways and then doing the same with my AE points as well for a trip to Italy. Any and all advice is appreciated.

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M V December 19, 2019 - 4:49 pm

The gold card was so bs and all these card sites promoted the hell out of it for referrals and extra from Amex. Truth is, unless you max the 4 point categories, this is a lame card. That food benefit is a joke so take that off the table when figuring up the value for yourself. Truth is: it’s the 100 credit and the 4x spend categories. Very very lame card. At least with the green you would make up your annual fee easily enough. Unless your really spending in the 4x categories, you’ll never make up that $150 that’s left from the airline credit. Lame lame lame card.

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M V December 19, 2019 - 4:50 pm

Translation: it doesn’t fit with my spend.

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ladygagarocks21 December 20, 2019 - 3:11 am

For me this is a cancel it doesn’t make sense after the signup bonus and neither does the green I’ll be applying for the BCP

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AirSoftMaverick3232 December 20, 2019 - 8:31 pm

Grandmaster Shifu, (et. al.), what happens to credit scores when credit cards are cancelled? Let's take an example of what I'm debating: I have had the United Explorer card for about 3 years and the Freedom Unlimited for a few months (among others, but let's take these two as an isolated example). Therefore, my average credit age is the average of these two cards, lets' say 1.5 years. if I cancel the Freedom Unlimited, will my average credit age move back up to the age of the United card and therefore increase my credit score because the average credit age increased?

The whole picture is that I was recently approved for the Ink Unlimited, so I don't really have a need for both that and the FU, hence my cancellation consideration. But maybe that is an additional option – cancel the youngest card (Ink Unlimited) after I have gotten the signup bonus?

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Rafael Chou December 20, 2019 - 9:59 pm

Why not get a BBP for that huge tax and non category spend ? 2x per dollar , because that's what I do to accumulate a lot of points

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Johnny Bouphavong December 24, 2019 - 2:59 am

I'm at over 100,000k points in 3 months 😉

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Patandar December 27, 2019 - 12:22 am

Does Amex Gold have any MR points on booking hotels? I’m not talking about the ‘Hotel. Colection’ credit.

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Terry Adams December 27, 2019 - 6:58 am

$2090 of savings for my platinum card for the last 5ish month. This is due to a lot of unnecessary shopping (guilty pleasure) and referrals.

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J Gamble December 30, 2019 - 2:30 pm

Does the new Amex Business Gold still allow you to choose 2 categories to earn an additional 1x each year?

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Filippo M. Piva December 31, 2019 - 8:09 am

Love your video: feel so sorry that Amex in Italy is totally different.. we have no such stats on the web site and no extra points for restaurants or supermarkets…. 1 euro is equivalent to 1 point, no matter where you spend it. Plus 1 shop out of 3 doesn’t accept the Amex due to very high commissions fee….

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Christian Held January 5, 2020 - 6:50 pm

The thing is that Europe is poor on multipliers. There're none apart from 2x points for booking flights via carriers website or 3x per GBP when spent on Amex travel. No such thing as 4x on dining. If that was the case I'd be on thousands of points already. Shame.

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Wei-Chien Hsu January 6, 2020 - 3:01 am

99 ranch!!!

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Sonny Bui January 14, 2020 - 7:15 am

That yung guy sucks

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Jody Bishop January 17, 2020 - 2:54 am

80000 points = $1200? Did I hear that right?

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Leo Gutkowski January 18, 2020 - 1:48 am

Any idea if Amex will offer their other Platinum credit card as a metal card in the near future? (I'm not referring to the widely available flagship Platinum card)

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Andrew Conroy January 31, 2020 - 11:13 am

great videos and insight into the world of credit cards, personal finance and rewards. Would you ever make videos or do you know of any good ones on credit cards for Ireland, UK and Europe please?

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Joel February 4, 2020 - 10:58 am

They just fuckin approved me for this card!!

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Patandar February 6, 2020 - 7:08 am

Amex gold also gives 3x on plane tickets booked directly with airlines.

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Kyle Williams March 10, 2020 - 4:01 pm

Gold user here, I’m quite new to Amex, but not sure if it’s the right card for me yet. If I cancel before the 2nd year fee applies, is there a way to transfer points? If I open another points card (one with no fee), and then cancel the gold card, is this a get around?

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khotso mohlala March 22, 2020 - 7:01 am

Ease explain the extea reward points at shoprite. Im from South Africa and thats our largest retailer

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El Pirata y El grande March 27, 2020 - 3:08 am

Hello i wanted to ask you i am new with credit and charge cards but the platinum and the gold catching my eye but the main thing I’m going for is centurion lounge access and the concierge service does the gold card have this?

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Brandon March 31, 2020 - 6:23 am

Wats the income and credit score requirement?

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Raptormeat April 11, 2020 - 7:55 am

If I have a CSP and a Blue Cash Everyday, should I get this card or chase freedom

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Cookie Vice May 16, 2020 - 5:40 pm

This is not a real life review this is a bunch of silly tricks and overspending

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Frederick Hargro July 13, 2020 - 10:33 pm

Is Amex Gold reported to your credit report monthly?

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L G July 28, 2020 - 2:35 pm

Where the British content

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Ryan Nguyen September 13, 2020 - 2:54 am

LOL, I’ve been a Gold Amex Member since 2016. Definitely keeping the card.

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Josh Tan September 20, 2020 - 11:55 pm

Amex was offering me 35K points for $4K spend over 6 months. When I got the card, I called to activate and confirm the offer. They told me the bonus offer had been reduced to $4K over 3 months. I immediately filed a complaint and they said it would take 3 weeks. I asked if I could send over the screenshot of my offer and they said no. When I called back to find out the decision, they said the $4K in 3 months stands. The agent offered to reopen the case with my screenshot but it would take 6-8 weeks for a decision. What nonsense. Such a terrible experience.

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Alonso Martii September 21, 2020 - 7:38 pm

Soo that means all 55k who view this video sign up.

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Braxton Hamilton October 24, 2020 - 6:29 pm

No one gets 55k in referrals, very unrealistic perspective as a card holder

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Jaden J. November 9, 2020 - 5:44 am

This man spends $30K from his amex card alone, and hes got several credit cards. Hes makin bank

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Emily Bellows November 12, 2020 - 3:07 pm

2.5% fee for Plastiq is high!

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Gabriel Turcios March 16, 2021 - 11:37 pm

Need year two not year one

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Cyrano Yee May 22, 2021 - 1:56 pm

I have a question about what’s the best credit card to get for dental school.

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The Bed Doctor June 14, 2021 - 7:53 pm

Does it hurt your score to cancel it ?

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