October 27th, 2009
New AMEX Charge Card: Premier Rewards Gold Card!
AMEX Premier Rewards Gold Charge Card Linky
This is a brand new card offering from AMEX. You will get the signup bonus for this card even if you have had other AMEX cards in the past. (Generally speaking I have never had a problem churning AMEX charge cards and have gotten multiple signup bonuses on the same AMEX charge card in the past)
The card comes with 15,000 AMEX MR points after you spend $1,000 on the card within the first 3 months of having the card. Those points can generally be transferred at a 1:1 ratio to these airlines or at varying ratios to these hotel programs.
You get 3 points for every dollar spent on airfare, 2 points for every dollar spent on gas or groceries, and a point per dollar everywhere else.
You also get 15,000 bonus MR points for spending $30,000 in a calendar year.
The card also comes with a myriad of other buyer protections and insurances.
The annual fee is currently waived for the first year, so go on and grab those signup bonus points while this card is still free for the first year!
October 27th, 2009 at 1:46 pm
dan, do you think this is better than spg?
October 27th, 2009 at 1:53 pm
@joe:
For a signup bonus it’s great.
For airline tickets it’s for sure better than SPG.
For gas/groceries it may or may not be better than SPG depending on how you value MR Points versus Starpoints.
I’d probably peg MR points at a value of 1.7 cents per point and SPG at about 2.5 cents per point.
October 27th, 2009 at 2:27 pm
since its a charge card can you spend it in places that would normally count as cash advance (such as money orders, travellers checks, etc) or is it the same rules as credit card?
October 27th, 2009 at 5:20 pm
Can MR points be transferred to any hotel programs?
October 27th, 2009 at 5:26 pm
@Mordy:
Yes, I’ve updated the post with a link.
Also occasionally AMEX runs specials for a bonus 50% on transfers to all hotel programs.
October 27th, 2009 at 11:27 pm
Hi Dan,
How do you churn these cards?
I already have a Amex Rewards Plus…do I keep it and get a new one, or transfer to the Premier?
In the past, with transfer one does not get the promo points or miles.
Plus, what happens to the fee i’ve already paid for the current card?
Thanks for your advice.
October 27th, 2009 at 11:37 pm
@John:
Keep what you have and apply for a new one.
If you cancel a card that you paid a fee for you will get a pro-rated refund.
October 28th, 2009 at 5:22 pm
what’s SPG?
October 28th, 2009 at 5:46 pm
@dealchapper:
Starwood (Preferred Guest)
October 28th, 2009 at 10:32 pm
I have the Rewards Plus Gold for 8-9 years now, so I just applied and got approved for the Amex Premier, my question is for my credit standing, how will it affect it if I close my current card? (which has a nice long history, and replace it with a brand new one which has no history).