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.
Amex Credit Card: What It Really Offers and Who It’s Best For
When you hear Amex credit card, a premium credit card issued by American Express, often associated with travel perks, high-end rewards, and exclusive benefits. Also known as American Express, it's one of the few issuers that still operates its own payment network—meaning merchants pay more to accept it, and in return, cardholders get better rewards and service. Unlike most banks, Amex doesn’t just lend you money—they build a relationship. You’re not just a customer. You’re part of a system that tracks your spending habits and rewards you for them, whether you’re flying abroad, dining out, or booking hotels.
But here’s the catch: not every Amex card is made the same. The Gold Card, a mid-tier Amex card focused on dining, travel, and everyday spending rewards gives you 4x points at restaurants and U.S. supermarkets. The Platinum Card, a high-end card with airport lounge access, airline fee credits, and luxury travel perks costs $695 a year but can easily pay for itself if you travel even a few times annually. And then there’s the Green Card, a more affordable entry point with solid rewards on travel and dining, without the premium price tag. Each one targets a different kind of spender. If you’re not flying often or eating out regularly, you’re probably better off with a no-annual-fee card from another issuer.
Amex cards also require better credit. Most require a credit score of 700 or higher, and many applicants get turned down if they don’t have a long, clean credit history. That’s not because Amex is picky—it’s because they’re betting you’ll spend more, and they need to be sure you’ll pay it back. But if you’ve got the score and the spending habits, the perks are real: free checked bags, hotel elite status, travel insurance, and even access to events you can’t buy tickets to.
What you won’t find with Amex? Everywhere. Not all stores take Amex because of the higher fees they pay. That’s why some people carry a Visa or Mastercard as backup. But if you’re the kind of person who plans trips ahead, eats out often, or wants to earn points that turn into free flights, Amex is one of the few cards that actually delivers on its promises. Below, you’ll find real breakdowns of what these cards offer, who they’re best for, and how to make them work without falling into debt.
