American Express Premier Rewards Gold Card Review: Worth $175?
Read more about American Express® Premier Rewards Gold Card from American Express,
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.
Pros and Cons
Good rewards card for cardholders who fly frequently or want access to American Express Preferred Seating
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.
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.
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.
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
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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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