Is Getting an Amex Worth It? Real Costs, Real Benefits
Is an Amex credit card worth the high annual fee? We break down real benefits, hidden costs, and who actually saves money - not just who spends more.
Is American Express Worth It?
When you hear American Express, a major credit card issuer known for premium rewards and high-end benefits, often with annual fees. Also known as Amex, it’s not just another card—it’s a tool that works well for some, and feels like a waste for others. Unlike most credit cards that give you 1-2% cash back, Amex often pushes travel points, airport lounge access, and premium customer service. But here’s the catch: you usually pay for it—sometimes hundreds of pounds a year. So is it worth it? It depends on how you use it.
If you travel often, spend a lot on dining or groceries, or hate paying for airport lounges, Amex can pay for itself fast. A single free checked bag or a £50 dining credit can cover half the annual fee. But if you rarely travel, pay off your balance every month anyway, or don’t use perks like purchase protection or extended warranties, you’re just giving money to a company that already makes money from merchants. Amex cards aren’t designed for people who carry balances—they’re built for those who spend smart and want something more than basic rewards.
Other credit cards in the UK give you simpler cash back, lower fees, or better intro offers. But Amex stands out because it doesn’t just offer rewards—it offers experiences. From free hotel nights to priority boarding, these aren’t gimmicks—they’re real benefits tied to how you live. The key is matching the card to your life. If you’re not using the perks, you’re not getting value. And if you’re paying interest because you can’t pay off the balance, no amount of lounge access makes up for that.
Below, you’ll find real breakdowns of what Amex cards actually deliver, how they compare to other UK options, and who ends up saving money—versus who just thinks they are.
