Credit Cards

Yikes – Amex Gold adds new restrictive language for welcome offers

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The American Express® Gold Card has just added new language that makes it markedly harder to qualify for a welcome offer. I have added this restriction to our Comprehensive Guide to American Express Application Rules, but here’s a look at the new language on their Offer Terms:

As you can see below, you’ll no longer qualify for a welcome offer if you’ve had the following Amex cards in the past:

  • Premier Rewards Gold Card,
  • The Platinum Card® from American Express
  • the Platinum Card® from American Express Exclusively for Charles Schwab,
  • the Platinum Card® from American Express Exclusively for Morgan Stanley
  • or previous versions of these Cards

OFFER TERMS

You may not be eligible to receive a welcome offer if you have or have had this Card, the Premier Rewards Gold Card, the Platinum Card®, the Platinum Card® from American Express Exclusively for Charles Schwab, the Platinum Card® from American Express Exclusively for Morgan Stanley or previous versions of these Cards. You also may not be eligible to receive a welcome offer based on various factors, such as your history with credit card balance transfers, your history as an American Express Card Member, the number of credit cards that you have opened and closed and other factors. If you are not eligible for a welcome offer, we will notify you prior to processing your application so you have the option to withdraw your application.

Amex Referrals don’t have the language yet

Even though the Referral language doesn’t include the Amex Platinum exclusions… most people are getting Pop Up messages indicating that they don’t qualify.

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What does this mean?

You can get an Amex Platinum welcome offer if you’ve had Gold, but not the other way around.

Amex recently added restrictions to their Delta cards that followed the same strategy. If you’ve had a more premium version of a card in the family, you’ll be restricted from qualifying for the welcome offer on a lower version within the family.

Simply put. It means that, if you think you’ll ever want both an Amex Gold or/and Amex Platinum in the future, you should start with the Amex Gold. This is your new best bet on being able to qualify for the welcome offer on both cards in the future. Assuming they don’t change the rules again.

I wouldn’t be surprised to see if they don’t add in restrictions to their Hilton and Marriott iterations as well.

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Chase Sapphire Preferred® Card


4.8
4.8/5
The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

*you may find an elevated offer walking into a branch – see below

Annual Fee

$95

Points Earned

Transferrable Chase Ultimate Rewards

  • Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • That’s $750 when you redeem through Chase Travel℠
    • Some people have seen Chase branches offering the following:
      • 75k Ultimate Rewards After $4k spend in 3 months + 10k Ultimate Rewards after $6k in 6 months 
  • 5x on all travel purchased through Chase Travel℠
  • 3x on dining, including eligible delivery services for takeout & dining out
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • $50 Annual Chase Travel Hotel Credit via Chase Travel℠
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 2x on all other travel
  • 10% Anniversary Bonus
    • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
  • Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
  • Points are transferrable to 14 Ultimate Rewards partners
  • Redeem in Chase Travel℠ for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Auto Rental Collision Damage Waiver is my favorite
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024
  • $95 Annual Fee

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.

If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex℠and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners

Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

7 Comments

  • Kenny February 29, 2024

    American Express Gold: https://americanexpress.com/en-us/referral/KENNYB08Yx?XLINK=MYCP

    The Gold card is currently offering a 60,000 sign up bonus after $6,000 spent in 6 months.

    I find the gold card to be most useful for food purchases, earning 4x points at restaurants and grocery stores. You can recover almost all of the annual fee for the gold card $240 of the $250 if you take advantage of the monthly credits from food delivery and Uber. I like to accumulate additional Amex points by using shopping portals like Rakuten.

  • Phuong October 8, 2023

    My significant other and I are saving for our aspirational trip to Japan. Please consider applying for an Amex platinum card with my referral link. Thank you <3

    Apply for an American Express Card with this link. With your new Card, you could earn a welcome bonus and your friend could earn a referral bonus. Terms Apply. https://americanexpress.com/en-us/referral/PHUONBUQFT?XLINK=MYCP

  • David October 7, 2023

    Interested in the AMEX Gold with 90,000 MR points? See all the details with my link by clicking on the “View all Cards with a Referral Offer” button and scrolling down to the Amex Gold.
    https://americanexpress.com/en-us/referral/DAVIdC5y0u?xl=cp01
    My name is David. Thank you in advance for using my link to help me acquire enough points to take all my children on an international vacation!! Please help me meet my referral goal. Open incognito mode in Chrome for best results! Also try multiple browsers, as I have noticed that different browsers will give different welcome bonuses. Try Chrome, Safari, Firefox, Duck Duck Go, and Brave.

  • Timo Erdmann October 6, 2023

    My Amex Gold link gives you 40.000 Amex Point for spending 3.000$ in 6 months!

    americanexpress.com/de-de/referral/tIMOEnRW2?XL=MIANS

  • David October 6, 2023

    Interested in the AMEX Platinum? It is packed with benefits. See all the details with my link, or apply for any of the AMEX cards by clicking on the “View all Cards with a Referral Offer.”

    https://americanexpress.com/en-us/referral/DAVIdC5y0u?xl=cp01

    My name is David. Thank you in advance for using my link to help me acquire enough points to take all my children on an international vacation!! Please help me meet my referral goal. Open incognito mode in Chrome for best results! Also try multiple browsers, as I have noticed that different browsers will give different welcome bonuses. Try Chrome, Safari, Firefox, Duck Duck Go, and Brave.

  • David October 6, 2023

    This happened to me last night. I have had the Platinum for 3 months. I went to sign up for the Gold with a referral link from my wife for 90,000 points, and got a pop up window with the language and restrictions stated above. I saved a screenshot. So bummed!! I missed out on 90,000 points by less than 24 hours.

  • Parker October 6, 2023

    Apply for an American Express Card with this link. With your new Card, you could earn a welcome bonus and your friend could earn a referral bonus. Terms Apply. https://americanexpress.com/en-us/referral/PARKEEgccI?xl=cp15

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