Update: This offer for the Premier Rewards Gold Card from American Express has expired. Learn more about the current offers here.
- A $100 annual airline fee credit was added
- The card now offers double points at US restaurants, US supermarkets, and US gas stations
- The card no longer has foreign transaction fees
- The annual fee is now $195 per year
These are very exciting changes, and once again make the card much more competitive with the comparable offerings from Chase and Citi, namely the Chase Sapphire Preferred® Card and Citi Premier℠ Card.
The fact that the Premier Rewards Gold Card from American Express no longer has foreign transaction fees is awesome news, since it makes it a much more competitive product for those traveling internationally with any frequency.
But there are a couple of important things to note about the category bonuses on the card, which I think many accidentally overlook. The card offers:
- 3X points for flights booked directly with airlines (both US and international)
- 2X points at US gas stations, US restaurants, and US supermarkets
Keeping in mind the category bonuses now being offered on the AmEx PRG, as well as the waived foreign transaction fees, here’s how my spend patterns have and haven’t changed on the card as a result of the refresh:
- I now put all my airfare (including international airfare) on thePremier Rewards Gold Card from American Express, given that I earn 3X Membership Rewards points per dollar spent and don’t pay foreign transaction fees; I value that more than the 3X points offered on the Citi Premier℠ Card, or the 2X points offered on the Chase Sapphire Preferred® Card
- I don’t put any non-US gas, non-US restaurant, and non-US supermarket purchases on the Premier Rewards Gold Card from American Express, given that they only earn 1pt/$1 internationally; I continue to put all my international dining purchases on the Chase Sapphire Preferred® Card, and my (few) international gas purchases on the Citi Premier℠ Card, given that those cards do offer all their bonus categories even with non-US merchants
Admittedly this is a minor distinction, though I do think it’s worth making, because I had a reader email me last week asking why he didn’t earn double points on his AmEx PRG when dining abroad.
The refreshed Premier Rewards Gold Card from American Express is awesome, as I’m now putting all my airfare spend — both domestic and international — on the card. That being said, be sure you know the “fine print” of the other category bonuses before changing your spend patterns too much.