Posted by William Charles on October 4, 2018
Credit Cards

Published on October 4th, 2018 | by William Charles

36

Annual Fee Renewals On American Express Gold Card Will Be $195 Until 04/01/2019

Existing American Express gold credit cardholders will pay an annual fee of $195 if their renewal date is before April 1st, 2019. The American Express Gold Upgrade F.A.Q page clearly states:

If you are a current Gold Card Member, your new annual fee will be effective on your anniversary date, on or after April 1, 2019. You will be notified in 2019 regarding your personal renewal date.

If your renewal is after April 1st, 2019 then you will pay the new fee of $250 on renewal. Some people are also being told that if it’s their first year of being a card member then they will pay $195 at renewal regardless of when their renewal is (assuming they signed up before October 4th, 2018).



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Peter
Peter

Damn, mine renews on 4/10….womp

Shyam
Shyam

Mine on 4/8..

AJ777
AJ777

dumped mine last week actually…$250 for this is ridiculous…

Credit
Credit

If I downgrade my MB platinum before jan 11th to this card, will I get a prorated refund and this card?

My prorate should be for 2 months so i will end up paying more to amex than outright canceling. Amex should be happy.

Jake
Jake

One CSR told me if you opened the card between 1/4 and 10/4 this year, the next year fee will be kept at 195, 250 will hit the year after, which kinda makes sense, you would think new cards should get hit higher fee later. So confusing.

LittlePigBoy
LittlePigBoy

I had the same experience. I opened in June 2018 and CSR told me annual fee would be $195 for 2019 renewal, then $250 for 2020 renewal. I took screenshots of everything since there’s a lot of confusion going around.

Abey

Any Grocery/Supermarket sells $500 Visa Master Cards?
(Shop Rite only sells $50-$200).

Stephen
Stephen

My safeway sells $500 ones, as well as variable. I have a few in my drawer. Still figuring out how to unload them haha.

Abey

I unload them with plastiq for rent.

Parts Unknown
Parts Unknown

Hit those Happy gift cards hard at Safeway/Vons if you can. Such easy.

Debit
Debit

None of my staples and office depot sell vgc over $300 and with extra high 8.95 fees. How long till the grocery stores do the same?

Already I have to prove to my Walmart money order person that i am not money laundering when I buy a money order with my $200 vgc. This is in a country where the president is in cahoots with Russians, we have credible evidence that he committed tax fraud and won’t release his tax returns. Sure I am the problem in this country.

Ryan
Ryan

Lay off the CNN.

Debit
Debit

Can’t. I finished school. Can’t deal with fox.

TheJester
TheJester

Ryan, lay off the paint spray can fumes and take care of those brain chemical imbalances, will you?

havai
havai

surprised by the question…. Kroger (and its many incantations nationwide), Food Lion, Giant, Martin’s, stop n Shop…. in my area (VA), question might be which supermarkets do not have them?

nonimmigranth1b
nonimmigranth1b

I buy it from Jewel Osco. I m in IL

Blake
Blake

Chat also told me it would be $195 for 2019 for me as I just opened my card about 1 month ago.

Jake
Jake

Right, you would think newly cards should get hit at a later date. The CSR specifically told me the cards between 4/1 and 10/4 will get $195 next year.

Tom
Tom

I don’t think this is true if you just got the card not too long ago. I just got the card in July 2018. The FAQ answer is confusing so I chatted and called in to Amex. All reps confirmed my first anniversary date of July 2019, I will be charged $195 and I will be charged $250 in July 2020. Their explanation is since I just received the card, they can’t just change the terms I agreed to so soon.

Jake
Jake

Yep, that is what the CSR told me. But the FAQ makes it look like we will get hit 250 next year after 4/1.

pato
pato

While this makes or doesn’t make much since. It’s exactly what Amex did with the platinum card in 2017. Starting April 1st 2017 the card was upgraded to metal and annual fee raised to $550. However, for existing card holders who were renewing before Sep 1st 2017 the annual fee was $450. Basically Amex gives 5-6 months before the annual fee goes into effect for current card holders which makes sense, image someone whose annual fee is due next week they will be paying $250 and chances are they didn’t even know that the card got upgraded yet

Blue
Blue

I don’t see how they can do $250 in the first year for people who signed up at $195, actually. It was in the terms of the app.

Yoni
Yoni

I don’t either, just approved Tues night. Have screen shots and pdf of terms, It would be a “legit” reason to close account or PC – you never know now a days.

I guess, I’ll cross that bridge if it comes up.

bob
bob

hot damn. definitely keeping this card for 2019

Harold
Harold

This may not be right. I confirmed with amex and they told me I will be charged 195 for the second year. The new annual fee will increase to 250 in 2020 if you signed this card in 2018 (but before today). BTW, I applied for this card on 4/18/2018.

Maicol
Maicol

Am I missing something? Other than needing/wanting a charge card what is the purpose in having a Gold more than 1 year?

Lrdx
Lrdx

Erm, have you seen the new rewards structure, what’s all over the news?

Eric M.
Eric M.

I feel like you would have a solid argument to make to maintain the $195 fee for an additional year based on the terms of the card agreement. However when you request a new metal card, it specifically states you will receive a new card agreement and there is mention of a “product change” (even if it’s already a forced PC). Anyway I don’t have any knowledge or experience with this but suspect the new card agreement would make it more difficult to argue that you didn’t knowingly agree to the new fee.

Yoni
Yoni

Eric M.

DP I applied evening 10/2 – UPS just delivered the card (old Plastic) ;(
It came with a printed Cardmember agreement with date of Application. On it on the Fees table : Annual Membership Fee : $0 for the first year, then $195.

Now IIRC they have to give you 45 days if they change the terms and you haven’t broken the agreement in someway or some term.

IIRC it can be almost impossible to PC from a card from example a No A/F or lower AF to a higher one the first year (not sure if it is because of the initial Card member agreement) i.e. CSP to CSR with Chase.

So I’m not sure if it the edge of the cliff or the railing around the cliff they are observing with the CARD ACTthis . I think it may matter less with a neutered CFPB (BCFP) but not necessarily small claims court (but not even worth the time under $1K), With the CFPB I read over the violations and fines and it too some pretty egregious violations and the highest fines from what I read over more a wrist slap to them.

Nonetheless the Jan 2019 LE Rose card may be a carrot to entice people into a new card agreement – and I would be curious if more than the higher AF terms were changed with this new agreement.

The courts look at active acceptance versus passive tacit agreement ( they e-mail or send by mail new T&C with your bill) less impacting when you clicked on an new card agreement. – but this is not legal advice and I’m not an attorney.

So I imagine that come next AF the people who signed up in the weeks/months to the new card – will be accommodated – esp if they put organic spend on it and not just sock drawer it.

This is a great card for Organic spend as well as MS’ng with Grocery (after you’ve meet MSR without MS). Personally 2X Gas is nice but a wash as 4X CB at Costco with lower prices to start, and a new PHEV that after three months we still have not had to buy gas yet.

Andy
Andy

I want a hat tip 🙁

TimF
TimF

Wonder if it would be possible to “double dip” so to speak here. First year renewals at $195 if these rumors pan out. And get a retention bonus! That would be awesome!

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