Received this American Express Gold card offer via snail mail today. I dumped them 4 years ago because so many merchants in south eastern New Mexico do not accept Amex due to their high transaction fees and their slowness to pay off their merchant account balances.
It is well known that American Express will hold the money they owe merchants a few extra days in order to earn extra interest income on money that is not theirs to invest! This practice has to legally be theft. Amex does this because the interest earned on even an extra day of all the money they owe their merchants is quite a large sum.
In the mail solicitation you see below, Amex offers 25,000 points if cardholder makes $1000 in qualified or eligible purchases during first three months of membership. They also will waive the egregiously high $175 annual membership fee the first year. I would consider getting this Gold card if they would replace qualified purchases with any purchase since I don’t want to hassle with what constitutes a qualified purchase.