Amex Premier Rewards Gold New Benefits and Increased Fee
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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
WELCOME OFFER: 60,000 Points
TPG'S BONUS VALUATION*: $1,200
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel