Amex increased the annual fee on their Amex Gold card to $325/year and added some credits. Here’s how I value the credits:

1. $120 Dining Credit (Grubhub): $10/month. I would value this at $108, or 90% of face value. With the Grubhub Guarantee hack, I get 2 Chipotle bowls + side of tortillas (4 meals) per month.
2. $84 Dunkin Credit: $7/month. Value for me $60, or 70% of face value. The market value for the gift cards is at 85% right now, but it’s inconvenient.
3. $100 Resy Credit: $50 bianually. Value for me is $60, 60% of face value. The restaurants are less convenient and usually has a price premium over the places we would visit organically.
4. $120 Uber Cash: Value is me is $84, or 70% of face value. You can regularly buy uber gift cards for 80% of face value, but these expire each month and I’m often forced to spend it. Historically, I use about half of these on uber rides that I would have paid for anyways. In the other months I get Uber Eats for pickup at the end of the month.

So the total real value for me is $312 per year, which basically offsets the $325 annually fee.

• credit-cards