Why the Amex Gold Card Might Be Worth Your AED 750
Is the AED 750 annual fee on the Amex Gold Card justified? We break down the numbers and perks to see if it's a fit for your wallet.
The Quick Version
The Amex Gold Card comes with a hefty AED 750 annual fee, but it offers a 3x points multiplier on dining and groceries, making it appealing for big spenders in these categories. However, if you're not maximizing these rewards, you might be better off with a no-fee alternative.
بطاقة أمريكان إكسبرس ذهبية
Amex Gold Card overview
بطاقة أمريكان إكسبرس ذهبية
What's Inside
The Amex Gold Card charges an annual fee of AED 750, which is not insignificant. In return, it offers a 3x points multiplier on dining and groceries, which is where this card shines. The points can be redeemed for travel, statement credits, or gift cards, providing flexibility depending on your needs.
What's Actually Good
The standout feature is the 3x points on dining and groceries. If you're someone who dines out frequently or has a large family grocery bill, these points can add up quickly. Additionally, the customer service associated with Amex is typically top-notch, which can be a deciding factor for many.
The Catch
The main downside is that AED 750 annual fee. If you don't spend enough in the rewarded categories to offset this cost with points, it might not be worth it. Also, Amex isn't as widely accepted as Visa or Mastercard, which could limit your earning potential.
Who It's For
This card is ideal for avid diners and grocery shoppers who can take full advantage of the 3x points multiplier. It's also a good fit for those who value Amex's customer service and can navigate around its limited acceptance. If you spend heavily in these categories, the rewards can easily justify the fee.
The Bottom Line
If you're a frequent spender on dining and groceries, the Amex Gold Card can be a solid choice despite its AED 750 fee. But if you're looking for a no-fee card with decent rewards, consider the Mashreq Cashback Card: No Fees, Big Rewards as a viable alternative.
