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Today, American Express announced upcoming changes to bonus categories and benefits on the Premier Rewards Gold Card from American Express, including increased points earning at restaurants, a new $100 airline fee credit, and no foreign transaction fees, beginning June 1, 2015. The annual fee will also be increased from $175 to a $0 Intro Annual Fee for the 1st year, then $195. While the value of the benefits outweighs the $20 increase, the question to be asked is whether this card and hefty annual fee are worth it versus the competitors with lower fees and, in some cases, better value. The details of the new offer are as follows:
2x Bonus on Dining
Starting June 1, 2015, you’ll earn 2X Membership Rewards points at restaurants, which is a nice added benefit and clearly a play to compete better with the Chase Sapphire Preferred, which offers 2x points on all travel and dining.
Playing Catch-up With Foreign Transaction Fees
Starting June 1, 2015 the card will no longer levy foreign transaction fe