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Kiplinger
Kiplinger
Business
Alexandra Svokos

Why I'm Keeping My Amex Gold Card Even With a Higher Annual Fee

A sign showing the American Express logo is seen outside of a restaurant November 11, 2008 in Des Plaines, Illinois. American Express won federal approval to bec.

American Express announced major changes to its popular American Express® Gold Card this week, sending shockwaves through the credit card fanatics community (yes, that exists). 

Based on its annual fee, the Gold is something of a mid-tier card — it's not a no-fee everyday card, but it's also not the Platinum Card, which has a whopping annual fee of nearly $700. The Amex Gold Card is a rewards credit card popular for the valuable points you can rack up via restaurants and grocery shopping and convert into flights and hotel stays. 

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