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Updated September 22, 2014 9:53 AM PT

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

Read more about American Express® Premier Rewards Gold Card from American Express, a CreditDonkey advertiser

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The American Express Premier Rewards Gold card offers 3x points for flights booked directly with airlines and 2x points at US gas stations and US supermarkets. In exchange, the Premier Rewards Gold card charges an annual fee of $175. Is the annual fee worth it? Read on to see if you can justify the annual fee.

American Express Premier Rewards Gold Card
Apply for American Express Premier Rewards Gold Card
  • Earn 25,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.
  • 3X points for flights booked directly with airlines, 2X points at US gas stations and US supermarkets, 1X points on other purchases.
  • You can transfer points to over 20 frequent traveler programs or use points for gift cards at popular stores.
  • As an added bonus, you can get 15,000 points after you spend $30,000 in purchases on your Card in a calendar year.
  • $0 introductory annual fee for the first year, then $175.
  • Terms and Restrictions Apply.
  • Go to issuer's official application, terms, and details
Introductory Bonus Reward PointsAirline RewardsPoint RewardsTravel RewardsBonus Reward PointsGas RewardsGrocery RewardsNo Pre-Set Spending LimitEvents Car Rental InsuranceExtended WarrantyPurchase ProtectionBaggage InsuranceTravel Accident Insurance$0 Fraud LiabilityRoadside Assistance
Card TypeAnnual Fee
Personal Charge Card
Introductory annual fee of $0 for the first year, then $175

Overall Score

3.5

Rewards

4.0

Fees

2.0

Benefits

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

Pros and Cons

  • Promotional points offer
  • 3x points for flights booked directly with airlines
  • 2x points at US gas stations
  • 2x points at US supermarkets
  • $175 annual fee

Bottom Line

Good rewards card for cardholders who fly frequently or want access to American Express Preferred Seating

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 directly 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 3 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 select 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 good 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. Terms and limitations apply

Next Step: View the issuer's official application, terms, and details

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David R is a financial writer at CreditDonkey, a credit card comparison and financial education website. Our data-driven analysis has been recognized by major news outlets across the country and has helped consumers make savvy financial and lifestyle decisions. (read more)

Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on June 1, 2012. This content may have been updated on September 22, 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 American Express website for updated information.

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American Express Premier Rewards Gold Card
Apply for American Express Premier Rewards Gold Card
  • Earn 25,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.
  • 3X points for flights booked directly with airlines, 2X points at US gas stations and US supermarkets, 1X points on other purchases.
  • You can transfer points to over 20 frequent traveler programs or use points for gift cards at popular stores.
  • As an added bonus, you can get 15,000 points after you spend $30,000 in purchases on your Card in a calendar year.
  • $0 introductory annual fee for the first year, then $175.
  • Terms and Restrictions Apply.
  • Go to issuer's official application, terms, and details
Introductory Bonus Reward PointsAirline RewardsPoint RewardsTravel RewardsBonus Reward PointsGas RewardsGrocery RewardsNo Pre-Set Spending LimitEvents Car Rental InsuranceExtended WarrantyPurchase ProtectionBaggage InsuranceTravel Accident Insurance$0 Fraud LiabilityRoadside Assistance
Card TypeAnnual Fee
Personal Charge Card
Introductory annual fee of $0 for the first year, then $175

Compare American Express Premier Rewards Gold Card to:

Blue Cash Preferred Card from American Express
Apply for Blue Cash Preferred Card from American Express
  • Get $150 back after you spend $1,000 on purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • A credit card that gives you cash back with a 0% Intro APR Offer on purchases and balance transfers for 15 months.
  • After that, your APR will be a variable rate, currently 12.99%-21.99% based on your creditworthiness and other factors.
  • Terms and restrictions apply.
Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery RewardsCar Rental InsuranceExtended WarrantyPurchase ProtectionReturn ProtectionTravel Accident Insurance
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on Purchases for 15 months
0% on Balance Transfers for 15 months
12.99% - 21.99% Variable
$75

Chase Sapphire Card
Apply for Chase Sapphire Card
  • 10,000 bonus points when you spend $500 on purchases in the first 3 months from account opening - that's $100 in travel rewards when you redeem through Chase Ultimate Rewards(SM)!
  • 2,500 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • 2X points on dining at restaurants and 1 point per dollar spent on all other purchases
  • Points never expire and there are no limits on how many points you can earn
  • Redeem points for travel, gift cards, merchandise, cash back and more
  • 24/7 direct access to dedicated customer service specialists
  • No Annual Fee!
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
15.99% (Variable)
$0

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