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Updated March 31, 2015

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

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

This article has references or links to products from our partners. We receive compensation if you apply or shop through links in our content. You support CreditDonkey by using our links. (read more)


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
At American Express' Secure Site
  • Earn 25,000 Membership Rewards® points after you use your new Card to make $2,000 in purchases in your first 3 months.
  • Earn Points Faster: 3X points for flights booked directly with airlines and 2X points at US gas stations & US supermarkets, 1X points on other purchases. Terms and limitations apply.
  • With the Membership Rewards® program, you can use points for rewards from over 500 leading brands in travel, gift cards, merchandise, or entertainment.
  • You can also transfer points to our selection of frequent traveler programs.
  • With The Hotel Collection, you can get up to a $75 hotel credit on qualifying charges any time you use your Card to book a stay of at least two consecutive nights.
  • $0 intro annual fee for the first year of Card Membership, then $175.
  • Terms and Restrictions Apply.
  • Go to issuer's official application, terms, and details
Introductory Bonus Reward PointsAirline RewardsPoint RewardsTravel RewardsGas RewardsGrocery RewardsNo Pre-Set Spending LimitEventsCar Rental Insurance Extended 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 in purchases on your new card during your first 3 months, 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 use your new Card to make $2,000 in purchases in your first 3 months.
  • 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 contributing 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 March 31, 2015. 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.

More Articles in Reviews

American Express Premier Rewards Gold Card
Apply for American Express Premier Rewards Gold Card
At American Express' Secure Site
  • Earn 25,000 Membership Rewards® points after you use your new Card to make $2,000 in purchases in your first 3 months.
  • Earn Points Faster: 3X points for flights booked directly with airlines and 2X points at US gas stations & US supermarkets, 1X points on other purchases. Terms and limitations apply.
  • With the Membership Rewards® program, you can use points for rewards from over 500 leading brands in travel, gift cards, merchandise, or entertainment.
  • You can also transfer points to our selection of frequent traveler programs.
  • With The Hotel Collection, you can get up to a $75 hotel credit on qualifying charges any time you use your Card to book a stay of at least two consecutive nights.
  • $0 intro annual fee for the first year of Card Membership, then $175.
  • Terms and Restrictions Apply.
  • Go to issuer's official application, terms, and details
Introductory Bonus Reward PointsAirline RewardsPoint RewardsTravel RewardsGas RewardsGrocery RewardsNo Pre-Set Spending LimitEventsCar Rental Insurance Extended 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:

Chase Sapphire Preferred Card

Chase Sapphire Preferred® Card

The Platinum Card from American Express

The Platinum Card® from American Express

Blue Cash Preferred Card from American Express

Blue Cash Preferred® Card from American Express


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