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In the last couple of years competition among credit cards that earn transferable points has gotten intense, and one of the pioneers, the Amex Premier Rewards Gold Card has remained mostly unchanged….until now.
Effective June 1, 2015, Amex is adding some new benefits to the American Express® Premier Rewards Gold Card including:
- 2x Membership Rewards points for purchases at U.S. restaurants
- $100 airline fee credit for incidental charges such as baggage fees
- Personalized travel service
- No foreign transaction fees
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
- Terms and Restrictions Apply
The bad news is that the new perks will come with a $20 increase in the annual fee from $175 to $195.
Personally I think the $20 annual fee increase is clearly more than made up for with the $100 airline fee credit, but it is still one of the pricier personal credit cards out there. It feels a bit like a “Amex Platinum Lite” card with the added perks and increased annual fee. I’m very glad to see a new bonus category, though restaurants are certainly already a bonused category elsewhere, too. I’m also glad to see Amex continue to eliminate foreign transaction fees on some of their cards!
If you are interested in getting the American Express® Premier Rewards Gold Card, know that the public sign-up bonus is currently 25,000 points after $2,000 in spending in the first 90 days, and there is a $0 introductory annual fee for the first year. There are sometimes better targeted offers floating around, and you should absolutely check to see if you were targeted for a better offer via the CardMatch Tool from creditcards.com. Since Amex now awards personal card bonuses just once, be sure you are getting the best sign-up offer you can!
What do you think about the additions to the card?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.