Sunday - May 20, 2018

Amex Premier Rewards Gold card has new benefits


Recently, we have seen 50,000 points offer for American Express Premier rewards. This offer may still be available for targeted applicants, Card Match tool or  through private browsing.

 

Look out for Premier Rewards Gold Card offer also

New benefits added to Amex Premier Rewards Gold card

 

Effective June 1, 2015, American Express is enhancing its Premier Rewards Gold Card, adding more value with 2x Membership Rewards points for purchases at U.S. restaurants, a $100 airline fee credit for incidental charges such as baggage fees, and a personalized travel service. Card Members will also no longer pay foreign transaction fees when spending abroad.

In addition to the added benefits mentioned above, Premier Rewards Gold Card Members will continue to receive:

  • 3x Membership Rewards points on flights purchased directly from airlines
  • 2x Membership Rewards points for purchases at U.S. gas stations and U.S. supermarkets
  • Access to The Hotel Collection, a roster of more than 350 of our Card Members’ favorite properties around the world; Card Members are eligible for a $75 hotel amenities credit and a room upgrade if available

Analysis:

  • If you had gotten this offer in the recent past, you could get 2X $100 credit (for 2015 and 2016) before your annual fee is due, since this $100 credit is offered based on calendar year. If we assume that this follows the same process as the Amex Platinum card, you would have to choose a Airline of your choice (with in Amex network) and reimburse for incidentals like baggage fees, upgrade fees etc. (Some folks have reported success buying the chosen airline gift card)

 

  • You will earn 2X points at Restaurants.

 

  • Annual fee has gone up from $175 to $195. While the $20 increase outweighs the new benefits, but it is hard to justify the $175 fee initially.

Conclusion:

It is great to see the new benefits offered for American Express Premier Rewards Gold Card. If you are someone who is already paying the $175 annual fee, then you are a winner.

Since this card is usually offered with $0 annual fee for the first year, you can get signup bonus (25 – 50K points), airline fee credit (potentially $200) and evaluate if it make sense to pay $195 annual fee after the first year.

Remember that there are other cards like Chase Sapphire Preferred Card that offers similar benefits for an annual fee of $95 and a signup bonus of 45K points at anytime.

 

Disclaimer:  Links mentioned in this post do not earn us any commission.

Editorial Note: Opinions, analysis and any calculations shown are authors alone. Information in this post is not reviewed, approved and endorsed by any airlines, frequent flyer programs or financial institutions

 

 

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