$195/yr for a Gold AmEx?

$195/yr for a Gold AmEx?

Today I got an American Express Gold Rewards card ‘invite’ in the mail. I use a corporate AmEx for work, but it’s just a tool for work. But, I thought, why not have a personal AmEx?

So, I started reading the information that came in the ‘invite’. Sure there are perks and the name and whatever, then I got to the annual fee – $195. Well, actually it says “$0 introductory annual fee for the first year – a $195 savings”. I’ve cancelled other cards that charge me $40/year, so this actually made me laugh out loud :)

Seriously – what’s the benefit of paying $200 year for this card?