|Highlights||Credit Card Feature|
|Things We Like||Receive 25,000 Membership Rewards® Points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership|
|Our Least Favorite||$195 annual fee after the first year|
|Our Verdict||Great card for earning points on everyday purchases|
Rates & Fees Terms Apply
Premier Rewards Gold Card from American Express has the look you would expect from an exclusive American Express charge card. Although it may, at first glance, look like a cut-down version of The Platinum Card® from American Express, the truth is that this is a completely different kind of credit card in many ways. While it does offer a number of exclusive travel and lifestyle benefits, the real power of this card lies in its rewards earning potential. If you are wondering how Premier Rewards Gold Card from American Express compares to other premium rewards credit cards out there, and whether it is worth the annual fee, then read on.
In this Premier Rewards Gold Card from American Express review, we'll highlight the pros and cons of Premier Rewards Gold Card from American Express and compare it to similar cards so that you can get the most value out of this gold card.
Things We Like About Premier Rewards Gold Card from American Express
You receive 25,000 Membership Rewards® points after spending $2,000 in purchases on your new Card in your first 3 months of Card Membership. This can be achieved if you spend around $680 a month. 25,000 points can be redeemed for up to $250 in gift cards.
No interest. Since this is a charge card, you need to pay in full every month, thus there is no need to pay any interest.
Get $100 Airline Fee Credit. You can get up to $100 a year for baggage fees and more with your selected airline. This also includes extras like airport lounge day-passes, checked bags, in-flight refreshments, flight-change fees and more. You cannot use this credit towards the actual cost of your ticket though.
Earn 3 Membership Rewards® points for every $1 spent on flights booked directly with airlines when you pay with your card. Make sure to book directly with passenger airlines in order to earn these 3 points per dollar. Earn 2 Membership Rewards® points on every $1 spent at US restaurants, US gas stations and US supermarkets. Earn 1 Membership Rewards® point for every $1 when making other eligible purchases. With the American Express Gold Card, you only earn 1 point for every $1 spent on all purchases. Terms and limitations apply.
Redeem your points for a wide variety of rewards with the Membership Rewards® program from over 500 leading brands ranging from gift cards, merchandise to entertainment and travel. You can even transfer your points to a selection of frequent traveler programs, mostly at a 1:1 conversion rate.
You can also redeem points for Plenti® points, which are used by a number of major retailers (Macy's, Mobil, Nationwide, Rite Aid, AT&T, Exxon). If you prefer to redeem for airfare, you can use Pay with Points at American Express Travel. The Membership Rewards® program also lets you redeem points towards the cost of purchases you make with your Premier Rewards Gold Card from American Express, and even use points to pay right at the cash register at some partner merchants (McDonalds for one) or checkout (Amazon.com, Uber, Airbnb and more).
Get a $75 hotel credit plus a room upgrade. If available with The Hotel Collection (americanexpress.com/hc) you can get a $75 hotel credit on qualifying charges as well as a room upgrade upon your arrival. Terms apply.
You won't accumulate debt or have to pay high interest rates and fees because since this is a charge card, you will have to pay off the balance in full each month.
Purchase Protection. This plan may protect you against accidental damage or the theft of eligible purchases.
Extended warranty. American Express may extend the original U.S. warranty of the items you purchase that have 5 years or less of warranty by up to one year.
No foreign transaction fees. This card doesn't charge foreign transaction fees on purchases made abroad.
$0 intro annual fee for the first year of Card Membership, then $195. So you can enjoy your first year of Card Membership without paying for it.
Return Protection. Change your mind about your purchase but can't return it because it was a final sale or the store is giving you a hard time? No worries! If you try to return an eligible item purchased in the U.S. within 90 days from the date of purchase and the store won't take it back, the purchase price may be refunded by American Express, up to $300 per item, excluding shipping and handling, up to $1,000 annually per card account.
It has a Baggage Insurance Plan which covers carry-on and checked baggage when you travel by plane, train, ship or bus and reimbursing you for qualifying claims of lost, stolen, or damaged baggage.
Terms and limitations apply.
Our Least Favorite Things About Premier Rewards Gold Card from American Express
$195 annual fee after the first year. This annual fee might work well for card members who spend at least $30k in a calendar year and who fly frequently since you get more points per dollar on flights booked directly with airlines compared to the American Express® Gold Card.
If you have a low credit score you might not qualify for this charge card. Since this is a charge card whereby the balance must be paid in full each month, only people with an excellent credit score will be eligible to get this card.
How Other Cards Compare With Premier Rewards Gold Card from American Express
|Intro APR:||N/A [You must pay your balance in full each month]|
|Annual Fee:||Introductory annual fee of $0 for the first year, then $195.|
|Credit Required:||Good, Excellent|
|Regular APR:||16.49% - 23.49% Variable|
|Annual Fee:||Introductory Annual Fee of $0 the first year, then $95|
|Credit Required:||Good, Excellent|
Premier Rewards Gold Card from American Express lets you earn rewards for purchases which you probably already make, and at a fast rate. It also gives you useful travel benefits. Daniel Dreier
Premier Rewards Gold Card from American Express is both a powerful rewards card and a useful travel card. It is a fantastic card to use if you want to earn rewards on everyday expenses like gas, groceries and restaurant dining. At the same time, it reserves its highest points-earning rate for flights booked directly with airlines.
Because Membership Rewards® Points can be transferred to a number of partner frequent travel programs at a 1:1 transfer rate, you may actually get a better deal using this card to earn points, and then transferring them to your frequent travel program compared to using the airline or hotel credit card (most of those don't have high earning rates). The fact that you can redeem your points directly towards covering the cost of purchases charged to the card makes it almost as flexible as a cash back credit card.
But it isn't only the solid Membership Rewards® program that makes this card a winner. The complimentary travel insurance, annual airline fee credit of up to $100 for incidental fees with one airline, and the $75 hotel credit towards incidental fees when you stay 2 nights or more at participating properties with American Express Travel can add up to save you a lot more than what you spend on the annual fee.
If you want just one card which rewards you and lets you enjoy nice travel perks, Premier Rewards Gold Card from American Express is an excellent card to get.
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nice review reading after I just spoke with AMEX about getting out of PR Gold in lieu of no annual fee card. Was just told that the bonus after spending 30k will be no longer associated with the card come jan 1! This is what sold me in the first place! Doesn't appear to be such a good deal anymore.
October 21 2014 at 17:53