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Why I Canceled The Amex Gold (And YOU Should Too)

💳 My Top Credit Cards: https://spencerjohnsonofficial.com/to... 💳 What's In My Wallet: http://spencerjohnsonofficial.com/myw... Click ‘show more’ to see ad disclosure – Hey guys, in this video, I'll be sharing the 5 main reasons I decided to cancel my Amex Gold card this year. The Amex Gold card is one of the most popular credit cards on the entire credit card market for good reason, but with it's $250 annual fee and credits that give somewhat deceiving value, this card is not quite as good as people may think. If you're someone similar to me, while the Amex Gold seems great at face value, I encourage you to do a deeper dive when your annual fee renews next. Throughout this video, I hope to answer the question of whether or not the Amex Gold card is still worth it. If you’ve been wondering “Is the Amex Gold worth the hype?” or “Should I apply for the Amex Gold card?” this video is for you. 💲 Download MaxRewards: https://maxrewards.app.link/spencer (Code: SPENCER) — Card Links: 💳 Amex Gold: https://spencerjohnsonofficial.com/am... 🔔 Make sure you look for the highest welcome offer you can find before using mine... particularly with Amex cards! Talk To Me Personally: ☎️ Book a Call: https://spencerjohnsonofficial.com/co... Products I Use: 💰 Rakuten ($30-40 free): https://www.rakuten.com/r/SPENCE11500 💲 MaxRewards Gold (1-month discount w/ code SPENCER): https://maxrewards.app.link/spencer 🛍 Kudos ($20 back after eligible purchase w/ code SPENCER): https://joinkudos.com/spencer 💸 Ekster Wallets (5% off w/ code SPENCERJOHNSON): https://partner.ekster.com/spencer Join My Communities: 🎩 The Credit Club: https://spencerjohnsonofficial.com/cr... 💻 The Credit Community: http://spencerjohnsonofficial.com/dis... Watch Next: 🎥 How To Get A Retention Offer On ANY Credit Card (Full Guide):    • How To Get A Retention Offer On ANY C...   🎥 I Ranked All Of My Credit Cards (Here’s What’s BEST):    • I Ranked All Of My Credit Cards (Here...   🎥 Citi Strata Premier: Get Approved INSTANTLY:    • Citi Strata Premier: Get Approved INS...   🎥 Chase Sapphire Preferred vs. Reserve (Why I Upgraded):    • Chase Sapphire Preferred vs. Reserve ...   🎥 My NEW Optimal Credit Card Roadmap (2024):    • My NEW Optimal Credit Card Roadmap (2...   📚 Chapters: 00:00 The Gameplan 00:43 The Amex Cancellation Process 03:31 Reason #1: My Effective Annual Fee 05:18 Reason #2: Monthly Credit Burnout 07:14 Reason #3: I Don't Spend Enough 09:21 Reason #4: I Have Better Options 12:09 Reason #5: Minimizing My Portfolio — Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which Daily Drop will earn an affiliate commission or referral bonus. Daily Drop is part of an affiliate sales network and receives compensation for sending traffic to partner sites. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies, or all available credit card offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. #amexgold #americanexpress #creditcards