This popular foodie Amex card is increasing its annual fee by 30%, but comes with $184 in new dining

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• The American Express® Gold Card increased its annual fee to $325, up from $250.
• The new card adds a $100 annual Resy credit ($50 twice a year), plus $84 in Dunkin's credit ($7/mo). Enrollment required.
• Cardholders can now enroll to use their current $10 monthly dining credit at burger chain Five Guys as well.

The American Express® Gold Card is a popular credit card that earns points on groceries and at U.S. supermarkets, among other bonus categories. In fact, it tops Business Insider's list of the best credit cards for groceries. 

But cardholders will soon need to cough up significantly more money for the privilege of holding this slice of metal. As of July 25, 2024, Amex raised the annual fee on this card to $325 — a 30% increase from the previous fee of $250. New cardholders will pay the increased rate upon approval, while the new rate will kick in existing cardholders upon their next card renewal starting October 1, 2024.

To sweeten the sting, Amex is adding a couple hundred dollars' worth of bonus credits for American Express® Gold Card cardholders. Here's what you should know.

$100 annual Resy statement credit

Cardholders can get up to $100 in annual statement credits after dining at Resy restaurants and paying with an American Express® Gold Card (enrollment required). You'll see the statement credit appear several business days after you complete an eligible dining transaction.

The credits are split semi-annually, so you'll get $50 credit toward eligible transactions between January 1 and June 30, and another $50 for charges between July 1 and December 31. 

$7 monthly Dunkin' statement credit

Dunkin' diners now get up to $84 per year in monthly statement credits when they enroll and pay for food or drinks at one of the chain's 9,000 U.S. locations. These credits are spread out over 12 months, so you'll get a statement credit of up to $7 each month if you max out this benefit. 

Restaurant changes for $10 monthly dining credit

The American Express® Gold Card already offers a $10 monthly credit with enrollment for eligible dining transactions at Grubhub, The Cheesecake Factory®, wine.com, and Goldbelly.

That short list now includes burger chain Five Guys, so cardholders can expect to see up to $10 back on their credit card statement after dining there. Shake Shack and Milk Bar transactions no longer qualify for this credit. 

You must enroll in this benefit to begin earning dining credits.

4x restaurants capped at $50,000 

Beginning January 1, 2025, cardholders will only earn 4x per dollar on the first $50,000 spent on restaurants and dining out each calendar year.

New cardholders: Get a limited-edition white-gold card

New cardholders of the American Express® Gold Card or the business-focused American Express® Business Gold Card can choose a limited-edition white gold card. Alternatively, they can stick with the classic gold or rose-gold options.

What this means for American Express® Gold Cardholders

Credit card benefits, offers, and fees change constantly, and Amex increasing annual fees is nothing new. Delta's suite of co-branded Amex credit cards saw a nearly identical annual fee increase coupled with Resy credits and trifling benefit boosts early in 2024, while The Hilton Honors American Express Business Card doubled its annual fee. 

If you're on the fence about the American Express® Gold Card, consider whether the benefits are worth the higher cost to you. If you want an alternative card for foodies with less prohibitive annual fees, check out Business Insider's guide to the best credit cards for dining, restaurants, and food. 

• Small business finances
• Credit cards
• Points and miles travel
• Travel insurance
• Real estate investing

For rates and fees of the American Express® Gold Card, please click here.

For rates and fees of the American Express® Business Gold Card, please click here.

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