Gold is actually one of the best cards in Amex portfolio , the earning capacity is sometimes higher than Plat travel ,as it gets 5x on reward multiplier. A meagre spend of 20k(6k + 14k) a month on apay and other vouchers would yield 36k MR points that's about that's like 15% MR return.
The annual fees is easily ofset with this and on top of that ,Amex generally offset atleast a part of it with some more MR's.
How many cards to be used in buying APAY GVs.. and apart from that we may not need other GVs from RM..
If we dont use GC, in RM the value goes down deep south..
.and return rate also depends on the redemption options as well.
Not everyone needs or uses for hotel redemptions / international travel every time...
For card usage and redemption options, we need to consider a mix of different options.... not always 100% best case scenarios..
In otherwords GC forces us to spend on RM, if we don't spend on GVs of RM then GC's return will be just normal at the best...
In nutshell, for GC to be useful:
1) Spends - have to be used in RM and
2) Redemption: Hotels and Flights..
The above two conditions must be met ...
If one of them fails, GC fails in achieving whatever returns it is boasted for...
If we look at trend Amex these days., once Amex implements max of 5k / 10K APAY GV per card on RM site. it will become much more difficult to gain value..
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