Advice Re AmEx Gold Credit Card - Keep or Change?

I am seeking some advice re my existing AMEX Gold Credit card.

I've had this card - well - for a very long time - and basically when I signed up I got it annual fee free for life and free supplementary cards.

The card doesn't appear to be offered anymore (as in I can't really find any pages with info on it - so finding it's actual current conditions/features is "interesting").

It is sorta annual fee free however I do have to pay $40 a year for access to the Amex Rewards program (so I do accumulate rewards - it looks like I get 1 point per $ (for everything other than govt/utilities/telco/insurance - which are 0.5/$))

I do get access to the Amex Offers/Shop Small/etc and presumably other things. I don't believe I get things like travel insurance, etc or access to airport lounges.

I also have other credit cards - e.g. ANZ Black Visa Rewards (came with home loan so also want to investigate whether I want to change this), 28 Degrees (for OS purchases). I have no FF (Qantas or Velocity) points earning cards currently (but family all have both Qantas and Velocity FF memberships - I think we pool them into one for each?)

So my questions are:

  • do I keep this Amex card as is or should I cancel and eventually switch to what? (assuming the 12/18? month waiting period before applying for one of those bonus FF points offers ones)

  • should I look at one of the Visa Black FF bonus point offers cards (e.g. ANZ FF Black/St George Amplify Signature/Westpac XXX, etc) - given I have an existing ANZ Rewards only - I presume? I'm not excluded from the bonus point/fee free first year deal even with ANZ FF Black? - and do the whole cancel after 6 months thing, etc?

NB: I'm not entirely sure I can deal with the whole switching cards every six months thing (and having to change all those auto payments, etc every time) but I would like to at least know what my options are - e.g. minimal annual fees and good features/value long term vs chasing point accumulation, etc

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Comments

  • +1

    Had that as well long long time ago but cancelled also long time ago.
    I suggest cancel and get the very basic Amex no annual fee, just to get access to the rewards cash backs. Unless you use it alot and really want to collect points…

  • +3

    Even an essential card is better.
    No annual fee no access fee…
    I suggest explorer though its 2 points per $

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