Earlier this week many people with the Amex Premier Rewards Gold Card reported seeing new benefits listed on their accounts. This was quickly pulled, so I guess they weren’t quite ready to make these changes yet.
However, Doctor Of Credit has the details of how Amex is apparently expected to refresh the Premier Rewards Gold Card. Let me emphasize that I have no firsthand info here, so all I’m going off of is what the website listed for a short period of time, and also what the source claims.
- The Amex Premier Rewards Gold Card will simply be rebranded as the American Express Gold Card
- The card will be metal, and will be available in two colors — gold or rose gold
- The welcome bonus will be 25,000 Membership Rewards points after spending $2,000, plus 20% back as a statement credit on purchases at U.S. restaurants, up to $100 back
- The annual fee will continue to be $195, and it will be waived for the first year
- The card will offer 4x points at U.S. restaurants and 4x points at U.S. supermarkets, on up to $25,000 of spend per calendar year, plus 3x points on airfare purchased directly with airlines and on amextravel.com (with no limit)
- The card will offer a $120 annual dining credit, though it’s not as straightforward as it sounds; it will offer a $10 monthly credit that’s valid with Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, and participating Shake Shack locations
It’s expected that this card will be introduced around October 4, so we’ll see if that happens.
What we’re not sure of as of now is the following:
- If this will be a true replacement for the Amex Premier Rewards Gold Card, or if this will be considered a separate product, given that the benefits are very different
- If the $100 annual airline fee credit will stick around as a benefit
- The card currently offers 2x points at U.S. gas stations, so we don’t know if that benefit will stick around
If this card does in fact get introduced as expected, I think this is going to be an extremely compelling card, especially if you value the $120 dining credit. Earning 4x points at U.S. supermarkets and U.S. restaurants is huge.
Right now many of us use the Chase Sapphire Reserve for dining, so I guess we’ll have to crunch the numbers on the value of this. Is it worth having both cards, or no?
What do you make of the rumored new Amex Gold Card? How would it impact your credit card strategy?