Is the Amex Gold card worth the $250 annual fee?

Question

I eat out a lot and buy groceries weekly. Would the Amex Gold pay for itself?

CardCompare Expert · Accepted Answer

For heavy dining/grocery spenders, the Gold usually pays for itself easily. Break-even math: the card has $120 dining credits + $120 Uber credits = $240 in credits alone (almost covers the $250 fee). Plus you earn 4x MR points on dining AND groceries. If you spend $500/mo on dining + $500/mo groceries, that's 4,000 MR points/mo = 48,000/yr ≈ $720-960 value. Net: $720 rewards + $240 credits - $250 fee = $710+ profit. Yes, it's worth it for food spenders.