Review: Premier Rewards Gold Card from American Express June 2018 | finder.com

Review: Premier Rewards Gold Card from American Express – June 2018

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Spend in categories like airfare, gas and groceries — and collect points that take you around the world.

30-second take

  • Get this card if you spend big on airfare, dining, gas and groceries, and if you want travel rewards.
  • Pick something else if you don’t want to pay an annual fee of $195 starting the second year, or if you want to pay your credit card balance over time.
    • Apply with a good to excellent credit score of 670 or higher.
    Product NamePremier Rewards Gold Card from American Express
    APR for Purchases ( Purchase Rate )0
    Annual fee$0 annual fee for the first year ($195 thereafter)
    Card TypeAmerican Express
    Returned Payment Fee$38
    Foreign Currency Conversion Fee (AMEX)
    Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
    0% of transaction value
    Minimum Interest$0
    Minimum Credit ScoreFair (660-699)
    Minimum Age18 years of age
    Annual fee$0 annual fee for the first year ($195 thereafter)
    Returned Payment Fee$38
    Late Payment Fee$38
    Rewards ProgramAmerican Express Rewards
    Bonus Points on Sign-up50,000
    Rewards Points per $ spent (AMEX)3
    Points ExpiryNever

    The basics

    The Premier Rewards Gold Card from American Express comes with strong rewards, offering 3x points on airfare booked through airlines and 2x points at US restaurants, US gas stations and US supermarkets. On other eligible purchases, you’ll earn 1x points.

    This is a charge card, so you’ll need to pay your balance in full after every billing cycle. That may be a challenge if you’re used to carrying a balance. Furthermore, the card has a $195 annual fee. The annual fee is waived for the first year, however, so you can take the card for a spin and decide later if it’s worth paying for.

    If you’re a certain type of spender, the Premier Rewards Gold Card from American Express will be a formidable travel companion. Since it offers accelerated rewards in various spending categories, you can quickly rack up points redeemable for flights, hotels, cruises and more. You can also transfer points to select frequent-traveler programs, which means your rewards are even more flexible than they may seem.

    The perks

    • Annual fee: $0 intro annual fee for the first year.

      With this intro annual fee, you can take the card for a test drive and decide later if you want to keep it. You’ll pay a $195 annual fee starting the second year.

    • Welcome offer: 25,000 points.

      When you spend $2,000 on purchases within the first three months of opening your account, you’ll earn 25,000 Membership Rewards points.

    • Rewards: More points on airfare and at US restaurants, US gas stations and US supermarkets.

      You’ll earn 3x points on flights you book directly with airlines. Additionally, you’ll earn 2x points at US restaurants, US gas stations and US supermarkets. Earn 1x points on other eligible purchases.

      The card sets itself apart from the competition with its rewards. Because it offers accelerated points on travel and everyday spending, you can spend broadly and still accumulate great rewards for worldwide travel.

    You’ll also like…

    • $100 airline fee credit.

      Charge up to $100 a year on an eligible airline’s incidental fees (e.g., for in-flight refreshments or checked baggage) and get it back in statement credits.

    • The Hotel Collection perks.

      Earn 2x Membership Rewards points when you book two or more consecutive nights in a Hotel Collection property. You’ll also receive a $75 hotel credit.

    • No foreign transaction fees.

      Use your card internationally and on foreign websites without incurring fees.

    • Transfer points.

      You can transfer your Membership Rewards program points to eligible frequent-traveler programs, such as such as British Airways Avios, Emirates Skywards, JetBlue TrueBlue, Choice Privileges Rewards, Hilton Honors and Starwood Preferred Guest.

    • Travel services.

      Access the Personalized Travel Service for bookings and the Global Assist Hotline on vacation. Also, get free car rental insurance, baggage insurance and roadside assistance.

    • ShopRunner benefits.

      Get free two-day shipping from various stores through ShopRunner.

    • Purchase benefits.

      You’ll receive extended warranties on eligible items you buy with your card. Also, you may qualify for a refund from American Express if a merchant won’t accept a product as a return 90 days after your purchase. Lastly, your eligible items are covered against theft and accidental damage by Purchase Protection.

    • Exclusive American Express perks.

      Access Amex Offers, which gives you discounts and opportunities to earn more points at select stores, restaurants and services. Also, get access to cardholder-only experiences and Preferred Seating at select events.

    What to watch out for

    • Annual fee.

      The Premier Rewards Gold Card from American Express waives its annual fee for the first year, but you’ll pay a $195 annual fee starting the second year.

    • Not a normal credit card.

      The Premier Rewards Gold Card from American Express is a charge card, which means you have to pay your balance in full each month.

    • Not as widely accepted overseas.

      Because the card is an American Express card, you might not have as many opportunities to use it overseas as you would a Visa or Mastercard.

    • It hurts to pay late.

      Making late or returned payments could saddle you with fees as high as $38.

    Consider other cards if…

    • You want cash back.

      Consider a card like the Citi® Double Cash Card, which offers 1% cash back on all purchases and another 1% as you pay them off. Also, consider the Blue Cash Everyday® Card and Blue Cash Preferred® Card for cash back on gas and groceries.

      Lastly, look into the Uber Visa Card, which offers 4% cash back on dining, 3% back on travel, 2% back on online purchases and 1% on everything else.

    • You think the annual fee is high.

      A $195 annual fee may be a little more than you wanted to pay. There are other excellent travel cards with lower annual fees, like the Chase Sapphire Preferred® credit card and Barclaycard Arrival Plus® World Elite Mastercard®. The Premier Rewards Gold Card from American Express does waive the first year’s annual fee, so you can try it out first and then decide if it’s worth paying for.

    • You want access to the Centurion Lounges.

      Currently, American Express offers Centurion Lounge access only to Platinum Card® and Centurion® members. For complimentary access, consider the Platinum Card® from American Express. It offers premium perks like a $200 airline fee credit, $100 fee credit for Global Entry or TSA Pre, and Gold status in the Hilton Honors and Starwood Preferred Guest loyalty programs.

    Compare other American Express credit cards

    Rates last updated June 22nd, 2018
    Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
    Amex EveryDay® Credit Card
    14.74% to 25.74% variable
    0% Intro APR for 15 months
    $0
    Earn 15000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
    Blue Cash Everyday® Card from American Express
    14.74% to 25.74% variable
    0% Intro APR for 15 months (with whichever is greater, $5 or 3% balance transfer fee)
    $0
    Earn $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $150 back in the form of a statement credit.
    Amex EveryDay® Preferred Credit Card
    14.74% to 24.74% variable
    0% Intro APR for 12 months (with whichever is greater, $5 or 3% balance transfer fee)
    $95
    Earn 15000 Membership Rewards Points after you use your new Card to make $1,000 in purchases in your first 3 months.
    Blue Cash Preferred® Card
    14.74% to 25.74% variable
    0% Intro APR for 12 months (with whichever is greater, $5 or 3% balance transfer fee)
    $95
    Earn $250 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $250 back in the form of a statement credit.
    The Platinum Card® from American Express
    No interest charges because you pay your balance in full each month
    $550
    Get 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X points on eligible hotels booked on amextravel.com.
    Premier Rewards Gold Card from American Express
    0
    $0 annual fee for the first year ($195 thereafter)
    Earn 50,000 Membership Rewards® Points after you spend $2,000 on purchases on your new Card in your first 3 months.
    Blue Sky® Credit Card
    19.99% variable
    $0
    Flexible travel rewards and no annual fee.
    Hilton Honors™ Card from American Express
    17.49% to 26.49% variable
    $0
    Earn 75000 Hilton Honors Bonus Points after spending $1,000 or more in purchases on the Card within your first 3 months of Card Membership.
    Gold Delta SkyMiles® Credit Card
    17.49% to 26.49% variable
    $0 annual fee for the first year ($95 thereafter)
    Earn 35000 bonus miles after you make $1,000 in purchases on your new card within your first 3 months and a $50 statement credit after you make a Delta purchase with your new Card within your first 3 months.
    Delta Reserve® Credit Card from American Express
    17.49% to 26.49% variable
    $450
    Earn 10,000 Medallion® Qualification Miles (MQMs) and 40000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months.
    Platinum Delta SkyMiles® Credit Card
    17.49% to 26.49% variable
    $195
    Earn 5,000 Medallion® Qualification Miles (MQMs) and 35,000 bonus miles after you spend $1,000 in purchases on your new card in your first 3 months.
    American Express® Green Card
    No interest charges because you pay your balance in full each month
    $0 annual fee for the first year ($95 thereafter)
    Shop with more confidence
    Starwood Preferred Guest® Credit Card
    16.99% to 20.99% variable
    $0 annual fee for the first year ($95 thereafter)
    Earn bonus Starpoints® after you use your new Card to make $3,000 in purchases within the first 3 months.

    Compare up to 4 providers

    What should I know before I apply?

    To apply for the Premier Rewards Gold Card from American Express, you must be:

    • At least 18 years old.
    • A US citizen or permanent resident.

    What credit score do I need?

    You’ll have a better chance of being approved for the Premier Rewards Gold Card from American Express if you apply with a good to excellent credit score of 670 or higher.

    What’s my likelihood of being approved?

    If you have at least a good credit score and a relatively high annual income, you may be the type of customer American Express is looking for.

    Here are a few other factors that might affect your odds of approval:

    • How many hard pulls you have on your credit report. If you have several hard inquiries — or hard pulls — on your account, it might make you look desperate for credit. This implies you’re having trouble managing your debt, and American Express may be less likely to take you on as a customer.
    • Factors that tie into your credit score. Credit utilization is a major factor that American Express will consider. Providers prefer customers who have low balances relative to their credit limits. Having many new card accounts may be a red flag, too, as it may indicate you’re desperate for credit. It may also give the impression that you’re a flighty customer who’s just hunting for signup bonuses.

    Always consider your options and your financial situation before you apply for a credit card.

    What do customers say about the Premier Rewards Gold Card from American Express?

    Customers generally have great things to say about the Premier Rewards Gold Card from American Express, with many citing the card’s diverse rewards as their favorite feature. Many cardholders also like having the ability to transfer points to different frequent-traveler programs.

    American Express earns a Trustpilot score of 3.1 out of 10 at the time of this writing. Many negative reviews cite unhelpful customer service and inflexible company policies. Positive reviews say the company employs pleasant customer service representatives. Overall, your mileage may vary with American Express customer support.

    American Express earns an overall A+ rating from the Better Business Bureau.

    How to apply for the Premier Rewards Gold Card from American Express

    1. On the American Express website, click Apply Now.
    2. Fill out the application form. Provide information like your Social Security number, home address, income source and total annual income.
    3. Review and submit your application.

    How long will it take to be approved?

    Because conditional credit card approval is automated on the website, you may get a decision on your application within 30 seconds. If there are issues with your application, it may take a few days to a few weeks to hear back.

    How long will it take to get my Premier Rewards Gold Card from American Express?

    After you’re approved, you’ll typically receive your card within seven to 10 business days.

    I got the card. Now what?

    • Make timely payments.

      Register an account at the American Express website to pay your balance online. You can also enroll in autopay.

      The Premier Rewards Gold Card from American Express is a charge card, so you need to pay off your balance after every billing cycle.

    • Avoid fees.

      Late and returned payments come with hefty fees of up to $38.

    • Contact customer service.

      Help documents aren’t easily accessible on the American Express website, but you can call 1-800-528-4800 for customer service. According to market research company J.D. Power, cardholders give American Express high marks for customer interaction.

    Bottom line

    The Premier Rewards Gold Card from American Express lets you spend in a wide array of categories and earn flexible travel points. Its accelerated rewards in both travel and everyday-spending categories sets it apart.

    Frequently asked questions about the Premier Rewards Gold Card from American Express

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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