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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
|Intro APR||Regular APR||Annual Fee||Balance Transfer Fee||Credit Rating|
|N/A||Introductory annual fee of $0 for the first year, then $195||See Terms||Excellent Credit|