Thursday, February 26th, 2015, 4:19 pm
American Express Significantly Improves The Premier Rewards Gold Charge Card; Reports Of The 15K Spend Threshold Bonus Posting In 2015
American Express is a DansDeals.com advertiser.
Effective June 1st American Express is making some nice changes to the Premier Rewards Gold Charge Card, though the annual fee (after the first free year) will be going up from $175 to $195.
-The card will qualify for a $100 airline fee credit per calendar year. That means in your first cardmember year you can get $200 back with $100 in 2015 and $100 in 2016. Officially these are intended to be used for bag fees, seat upgrades, and lounge passes/memberships. However they also work for items like $100 American Airlines gift cards or $100 United gift registry contributions.
-The card will no longer charge a foreign transaction fee.
-The card will now give double points at restaurants in addition to double points on gas and groceries in the US and triple points on airfare.
Officially this card stopped offering a 15K point bonus for spending $30K in a calendar year, but DDF member hvaces42 reports that he already spent $30K on the card in 2015 and he still got the 15K bonus. That’s pretty sweet as it bumps the effective earn rates of the double point categories to 3x and the triple point category to 4.5x. Of course you can’t count on that, but for now it appears to still be working.
The card also offers 5 additional cardholders without any additional annual fee, each of which qualify for promotions like Small Business Saturday. Last year SBS gave a $30 per card credit, so someone who had a Premier Gold card with 5 additional users was able to get $180 in free spending. With that (and other AMEX promotions that run throughout the year) combined with the $100 per calendar year refund, carrying this card just became a no-brainer.