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Updated March 7, 2014

American Express Premier Rewards Gold Card Review: Worth $175?


The American Express Premier Rewards Gold card offers access to Gold Card events, and a higher rewards rate than the regular Gold card. In exchange for these enhanced benefits, the Premier Rewards Gold card charges an annual fee of $175. Common-sense rewards categories—airfare, gas, and groceries—help cardholders justify the annual fee with the purchases they make.

4/9/2014 Update: We're sorry, American Express® Premier Rewards Gold Card is no longer available on CreditDonkey. This offer may have been discontinued or may no longer be available to new applicants.

Overall Score

4.0

Rewards

4.0

Fees

3.5

Benefits

4.5
5-point scale (the higher, the better)

Pros and Cons

  • Bonus points offer
  • Double points at US gas stations
  • Double points at US supermarkets
  • Gold Card events
  • $175 annual fee

Bottom Line

Great rewards card for cardholders who want access to Gold Card events

Rewards Program

When you make a purchase with your American Express Premier Rewards Gold Card, you earn reward points.

You earn 1 point for virtually every $1 of in purchases. This card also earns bonus points in some categories. You earn 3 points for every dollar spent on flights booked with airlines and 2 points for every dollar spent at US gas stations and on purchases at US supermarkets. You can convert your points into a variety of rewards like airfare, tickets to events, and gift cards. 25,000 points can be converted into a gift card worth $250.

Sign-up Bonus

This card also offers a couple sign-up bonuses to attract new cardholders.

The Premier Rewards Gold Card has a bonus point offer. If you spend $2,000 on your card during your first three months of Card Membership, you receive 25,000 bonus points. This is enough for a $250 gift card.

In addition, American Express waives the card’s annual fee for the first year. After the first year, the annual fee is $175/year.

Other Features

American Express is famous for the service it offers its cardholders.

In addition to assisting you with account management, AMEX customer service helps you buy tickets to music, theater and sporting events.

Plus, this card also offers return protection. If you try to return an eligible item within 90 days of the purchase and the vendor will not allow a return, American Express will refund you the purchase price. Lastly, this card is a charge card, and not a credit card. As a Because this is a charge card, you are expected to pay off your account balance in full each month. As a result, the Premier Rewards Gold Card does not charge an interest rate.

Pros

  • 25,000 Membership Rewards points after you spend $2,000 during the first 3 months of Card membership
  • Annual fee is waived for the first year

Cons

  • $175 annual fee
  • You need to pay off your account balance each month because it’s a charge card
  • Requires excellent credit for qualification

Bottom Line

This is a great rewards card for cardholders that who like the benefits of the regular Gold Card but want a higher rewards rate. The sign-up bonus and waived annual fee for the first year are also perks for new cardholders.

4/9/2014 Update: We're sorry, American Express® Premier Rewards Gold Card is no longer available on CreditDonkey. This offer may have been discontinued or may no longer be available to new applicants.

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Disclaimer: This content was first published on June 1, 2012. This content may have been updated on March 7, 2014. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check the issuer's website for updated information.

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