January 18th, 2011

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Update: The offer mentioned below for the Platinum Card from American Express has expired. View the current offer here

I’ve extolled the benefits of American Express Membership Rewards points here many times and have broken down the benefits of the Amex Platinum card.

If you don’t want to drop the $450 on the Platinum card, consider opening up a Premier Rewards Gold card (application link). You earn the same valuable points, you just don’t get the lounge access, $200 fee rebates or hotel upgrades, which you may not need anyway.

The best part about this promo is that there is a $0 Intro annual fee for the first year, then $195 and you get 25,000 points for spending a mere $1,000 within the first three months.  You also get 15,000 bonus points when you spend $30,000 in a year.

So go ahead and start racking up the Amex points. If you are NYC based, you can use 63,000 for a business class trip to London (transferring to ANA) or if you live anywhere in North America, transfer 100,000 to Aeroplan and plan a mini-round the world trip in business class, with a stop in Europe and Asia with both Atlantic and Pacific crossings. Amex points are valuable because they have flexibility, so stop limiting yourself to one airline or hotel card and start accruing points that will open more travel doors.

Premier Rewards Gold Card from American Express

With some great bonus categories and an annual fee that’s waived for the first year, the American Express Premier Rewards Gold Card has a lot going for it. If you don’t have PRG, now’s as good a time as any to add it to your wallet, as Amex added some great new benefits several months back.

Apply Now
More Things to Know
  • Receive 25,000 Membership Rewards® Points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.
  • 3X points for flights booked directly with airlines. 2X points at US restaurants, US gas stations, and US supermarkets. 1X points on other purchases. Terms and limitations apply.
  • No matter where you're traveling, when you use your Premier Rewards Gold Card there are no foreign transaction fees from American Express.
  • $100 Airline Fee Credit. Up to $100 a year in baggage fees and more at one airline.
  • Get a $75 hotel credit on qualifying charges, plus a room upgrade upon arrival, if available with The Hotel Collection at americanexpress.com/hc. Terms apply.
  • There is a $0 introductory annual fee for the first year, then $195.
  • Terms and limitations apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
Introductory annual fee of $0 for the first year, then $195.
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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