Good afternoon everyone, I hope your week is going well. A few days ago, I was reviewing our recent credit card statements and saw that the $325 annual fee posted to Laura’s American Express Gold Card. We discussed the card benefits and decided it wasn’t worth prepaying $325 in order to jump through all of these hoops to earn back the $325 annual fee. As a reminder, here are the coupons statement credits on this card:
- $10 Uber / Uber Eats credit each month ($120 total)
- $10 Grubhub credit each month ($120 total)
- $7 Dunkin credit each month ($84 total)
- $50 Resy credit every 6 months (launched in July 2024, so only $50 total in 2024)
Even though we did receive all of these credits in 2024, I would not value them close to $374. In order to receive all of those credits, we had to jump through 37 hoops throughout the year. We are still sitting on $28 of Dunkin credit (the nearest Dunkin in about 40 miles away) and we have a $50 restaurant gift card for a nearby Resy restaurant that we bought at the end of December.
Also, we were not using the card for 4x at restaurants and 4x on groceries. I have plenty of AMEX MR Points, so we were using 2 Citi Custom Cash Credit Cards for 5x at restaurants and 5x on groceries. Then in 2025, we switched to using the Chase Freedom Flex Credit Card for 5x on groceries ($1,500 quarterly max) and the Discover It Credit Card for 5x at restaurants ($1,500 quarterly max).
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In addition, we decided to transfer all 150,000 of Laura’s AMEX MR Points to her Hawaiian Airlines account, then she transferred them to my Hawaiian Airlines account and then I moved them to my Alaska Airlines account (read more about that process here). The next step was to contact AMEX via Online Chat to close the card…
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