cancel
Showing results for 
Search instead for 
Did you mean: 

[Rumor] American Express To Increase Gold Annual Fee To $325 From $250

tag
xenon3030
Valued Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250

They do not have SUB for checking. If they provide SUB, I may go for it. The checking account is a bit weird. I talked to an Amex representative a few weeks ago about their checking (biz but not personal). It looks to be completely an online product (no branch), without any physical check but there is e-check (they said that they can ship any physical check to any person for free).


Fico8: EX~EQ~TU~840 (12 month goal~850).
BOA (CCR, UCR), Chase (CFF, CSP, Amazon, CIC, CIU), US Bank (Cash+, AR, Go, Ralphs), Discover, Citi (CCC, DC, SYW), Amex (BCP, HH, Biz Gold, BBC, BBP), Affinity CR, Cap1(Walmart), Barclays View.
Message 21 of 40
FicoMike0
Senior Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250

@xenon3030  They don't offer sub on personal, but they offer 30,000 mr points on the biz account. They might offer the personal again, who knows? No branches. I seldom use checks, never use the debit card either. Probably should cancel it, lol. I keep a little money in the account and the debit active, just in case. I keep most of my debit cards frozen, in my sock drawer.

Message 22 of 40
Thomas_Thumb
Senior Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250


@Namaste7 wrote:
If AMEX moves forward with the AF increase, I’m downgrading to the Green. I’ll get better use out of the Green credits compared to the Gold and paying $325/yr is bonkers.

Go Green! I enjoy my green card with $55 annual fee. Was a bit upset when they increased it from $35. I am now grandfathered - hopefully for life. Been a member 40 years.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 23 of 40
FlaDude
Valued Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250


@Thomas_Thumb wrote:

Go Green! I enjoy my green card with $55 annual fee. Was a bit upset when they increased it from $35. I am now grandfathered - hopefully for life. Been a member 40 years.


I remember when my green card was $55, but even though I've been a member for 30 years and had the green card almost all of that time, they still jack up my rate, it's up to $150 now. Do you know what the criteria is for grandfathering?

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 40 years, open: 30 years; AAoA: 14 years
Amex Gold, Amex Blue, Amex ED, Amex Delta Blue, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA, Sync Lowes, total CL 203k
Message 24 of 40
Thomas_Thumb
Senior Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250

I don't know the criteria. My membership has been continuous with no break. You state "almost all" for your situation. That might be a factor in not being grandfathered.

 

I know there was a fee bump to $95 from $55 probably 9 years ago before the more recent increase to $150. I avoided that earlier increase as well. I would have been 55 with 30 years of continuous membership then.

 

Age and years of continuous membership may both play a roll in grandfather status. I never saw any official published criteria. Your membership gap likely resulted in a reset of terms and conditions to what was current for new card members. Atleast you retain your original member since date.

 

Years ago I was offered the option to freeze my annual fee with the understanding I would not qualify for the newer, enhanced, rewards program. I was good with that. For all I know, this type of grandfathering may no longer be possible.

 

 

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 25 of 40
FlaDude
Valued Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250

My first card was Gold but I got the Green within a couple of years, have had it continously since then. I did have a Plat card for a few years when I as travelling a lot for work but that's long gone. Now that you mention it, I do recall being grandfathered at the 55 rate when they went to 95, but don't recall if there was some kind of offer that I skipped out on when they raised it to 150.

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 40 years, open: 30 years; AAoA: 14 years
Amex Gold, Amex Blue, Amex ED, Amex Delta Blue, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA, Sync Lowes, total CL 203k
Message 26 of 40
Carrington59
Valued Member

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250

Looks like AMEX had a qwww link for a limited edition "White Gold" card. I imagine the release of this will align with the expected refresh. No exact date given but probably coming soon.

 

https://www.reddit.com/r/amex/comments/1dcfhe2/new_color_amex_gold/

4/6, 4/12, 5/24

Current Cards:

Potential Future Cards:

Closed Cards:
Message 27 of 40
Trikoret
Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250


@Thomas_Thumb wrote:

@Namaste7 wrote:
If AMEX moves forward with the AF increase, I’m downgrading to the Green. I’ll get better use out of the Green credits compared to the Gold and paying $325/yr is bonkers.

Go Green! I enjoy my green card with $55 annual fee. Was a bit upset when they increased it from $35. I am now grandfathered - hopefully for life. Been a member 40 years.


Is your green card the traditional green for $55? It basically doesn't earn rewards. You add rewards to card for $40 which will make it $95 a year. 

Message 28 of 40
Thomas_Thumb
Senior Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250

As mentioned above, I opted to maintain the $55 fee and forego higher annual fees with added rewards.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 29 of 40
OrangeRange
Regular Contributor

Re: [Rumor] American Express To Increase Gold Annual Fee To $325 From $250


@Carrington59 wrote:

Looks like AMEX had a qwww link for a limited edition "White Gold" card. I imagine the release of this will align with the expected refresh. No exact date given but probably coming soon.

 

https://www.reddit.com/r/amex/comments/1dcfhe2/new_color_amex_gold/


Looks nice. I'll be changing mine over once it's released. 

 

Interesting enough, Amex is acquiring Tock from Squarespace as well Rooam to seemingly to merge them into Resy and improve their restaurant, entertainment and loyalty booking offerings: https://www.americanexpress.com/en-us/newsroom/articles/travel-and-dining/to-enhance-dining-platform...

 

Makes me think Gold is for sure getting a Resy credit. 

As of Nov 2024: 1/6 | 3/12 | 8/24
Message 30 of 40
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.