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    • Jlawson118
    • By Jlawson118 9th Oct 17, 2:08 PM
    • 802Posts
    • 108Thanks
    Is AMEX worth the yearly fees?
    • #1
    • 9th Oct 17, 2:08 PM
    Is AMEX worth the yearly fees? 9th Oct 17 at 2:08 PM
    I know many people, particularly with the Gold Card that is free for the first year, sign up for the membership points and then downgrade again.

    I've had just a basic Membership Rewards Card since around February when I started a new job. I lost the job but kept the card open and it's safe to say I'm in a much better place financially to what I was even back then.

    If all goes to plan, I'll hopefully be travelling a good few times next year and I've been looking at the Gold card. I'm tempted by the 20,000 points incentive if I spend £2000 within three months, which I will probably do easily with Christmas coming up. The benefits seem good, but worth £140 after next year? I don't really think so, but I could be wrong.

    I would be tempted to claim the incentive, and within six months downgrade to the Green Card for £60 for the year. But again, is the £60 really worth it?

    With this in mind, with the two being charge cards, AMEX state that there's no limits, just pay in full each month. In which I do with all of my credit cards all of the time anyway so this isn't a problem. But I'm wondering if there are any kind of limits? Currently I have £2000 limit with them, although I'll be buying a new car in a few months, and it'll be new, if the dealership where I end up choosing accept AMEX, I'd want to use it and claim a good few thousand points, but I'll be getting a new one ordered, and paying in full, so we all know that doesn't come cheap
    Last edited by Jlawson118; 09-10-2017 at 2:11 PM.
Page 1
    • zx81
    • By zx81 9th Oct 17, 2:11 PM
    • 13,656 Posts
    • 14,105 Thanks
    • #2
    • 9th Oct 17, 2:11 PM
    • #2
    • 9th Oct 17, 2:11 PM
    Only you can answer that question.
    • PeacefulWaters
    • By PeacefulWaters 9th Oct 17, 2:22 PM
    • 6,976 Posts
    • 8,587 Thanks
    • #3
    • 9th Oct 17, 2:22 PM
    • #3
    • 9th Oct 17, 2:22 PM
    Which of the benefits of the card would you use?

    How much would those benefits cost otherwise?

    Are the points worth having for your lifestyle?

    I never thought I'd get any value out of paying £450 for an AMEX Platinum but a change in health and life plans has made it an absolute bargain. Or at least the help yourself Bollinger in the American Airlines lounge in Chicago did!
    • jpsartre
    • By jpsartre 9th Oct 17, 2:33 PM
    • 2,703 Posts
    • 1,811 Thanks
    • #4
    • 9th Oct 17, 2:33 PM
    • #4
    • 9th Oct 17, 2:33 PM
    It'll be worth it to some people, not worth it others. Depends entirely on how you much you'll spend on the card and how much you value the points and other perks.
    • bengalknights
    • By bengalknights 9th Oct 17, 3:44 PM
    • 4,140 Posts
    • 1,511 Thanks
    • #5
    • 9th Oct 17, 3:44 PM
    • #5
    • 9th Oct 17, 3:44 PM
    Its really down to how you use it, travellers tend to prefer platinum card because of the extra perks

    Spenders gold because of the MR points
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