Advertiser Disclosure: Some of the card links and products that appear on this website are from companies which AskSebby may receive compensation when you click on links to those products. You don't have to use our links, but we're grateful when you do! View our Advertising Policy .The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.
The one year anniversary of the revamped American Express® Gold Card is quickly approaching, and people are starting to wonder if they should renew their card membership for another year.
Product Change Options
It’s important to note that the American Express Gold Card is a charge card, and not a credit card. You can only product change an Amex charge card to another charge card within the same family:
- The Platinum Card from American Express ($695 annual fee)
- American Express Gold Card ($250 annual fee)
- American Express Green Card ($150 annual fee)
There isn’t a product change option available that does not have an annual fee. If you don’t want to keep paying annual fees on a charge card, you’ll need to cancel.
Before you cancel, make sure you have a way to keep the Membership Reward points “alive.” Either have another open charge card that earns MR points or the Amex EveryDay card.
American Express® Gold Card Breakeven Calculator
Ask Sebby crunches the numbers for you to calculate the Expected Value of the American Express® Gold Card. For the expected value of points, we derive the approximate dollar value based on the numbers you enter in the calculator. Scroll down to the end of the post to see our methodology.
The calculator below contains default figures and serve as an example only. Users should insert their own data for the most accurate results.
Should You Keep or Cancel the Amex Gold Credit Card?
Advertiser DisclosureSome of the card links and other products that appear on this website are from companies which AskSebby will earn an affiliate commission or referral bonus. AskSebby is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.
Editorial Note:
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
