American Express Co. is increasing reward points for its premium credit card customers.
AmEx Gold Card holders will now earn 4 points per dollar spent at U.S. restaurants and supermarkets, up from 2 points previously. Additionally, they get a yearly $120 credit by using their cards to make payments to the Cheesecake Factory, Ruth’s Chris Steak House, certain Shake Shack locations, GrubHub and Seamless. However, the new benefits on the Gold Card comes in exchange for an annual fee hike - from $195 to $250.
Last year, the company offered $200 of free Uber rides each year for Platinum card users, with an increase in the annual fee.