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TPG Twitter follower Matthew had a question about one of my favorite benefits of the Amex Premier Rewards Gold card this week:
The short answer is: no. Spending $30,000 on the American Express Business Rewards Gold card will not earn you 15,000 bonus Membership Rewards points because that card does not offer the same spend bonus as the Premier Rewards Gold card.
The cards have both different category spending bonuses as well as different sign-up bonuses, but only the Premier Rewards Gold has an annual spending threshold bonus. With the personal card, you will earn 3 points per dollar spent on airfare, 2 points per dollar spent at US gas stations and supermarkets, and 1 point per dollar spent on other purchases. The Business Rewards Gold card earns also earns 3 points per dollar spent on airfare, but earns 2 points per dollar spent on US purchases for advertising in select media, shipping and at gas stations and 1 point per dollar on everything else.
The 15,000 point bonus after $30,000 spent in one calendar year is what makes the Premier Rewards Gold card so potentially lucrative. Basically if you can hit that bonus, you’re earning a base of 1.5 points per dollar instead of just 1 point per dollar (not counting category bonuses), which is a great deal.
I would love to see some sort of calendar year spend bonus added to the Business Rewards Gold card so American Express if you’re watching this please add one!
Premier Rewards Gold Card from American Express
|Intro APR||Regular APR||Annual Fee||Balance Transfer||Credit Rating|
|N/A||Introductory annual fee of $0 for the first year, then $195||See Terms||Excellent Credit|