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Every so often, targeted credit card sign-up bonus offers come around that can be much higher than the available public offers on the same cards. One of the best places to look for these offers is through the CardMatch Tool.
Last week we told you about the excellent 100,000 American Express Platinum offer available via CardMatch (which is still available). We’re thrilled to hear about how many TPG readers have already scored that excellent deal. But, there’s another great offer showing up through the CardMatch Tool which is worth a look if you can’t justify the Platinum’s $550 annual fee: a 50,000 point welcome offer for the American Express Premier Rewards Gold card:
If you received the same offer as I did, you’ll earn 50,000 bonus American Express Membership Rewards points after spending just $1,000 in the first three months after opening the card. Even better, the annual fee is waived the first year — while you still get benefits like a $100 airline fee credit. After the first year, the annual fee is $195, which is more than half offset by that $100 airline fee credit.
If you’ve had the Amex Premier Rewards Gold card before, note that this particular offer has the standard American Express “lifetime language” which notes that the “welcome bonus offer not available to applicants who have or have had this product.”
How To Use CardMatch
CardMatch is straightforward to use, but those who haven’t used the tool before might be curious about the process. Here are the easy steps that you’ll take to check your offers:
- Go to the CardMatch homepage.
- Enter your first name, last name, home address and last four digits of your social security number.
- If you want to be contacted by CardMatch, enter your email address. Otherwise, uncheck the contact box.
- Click “Get Matches”.
- Check the box to accept the terms & conditions.
- After a 60-second or less search, your pre-approved offers will appear.
Note that this process creates a “soft” credit inquiry on your credit report. This means that the inquiry will show up on your credit report, but it’ll have no impact on your credit score — similar to if you checked your own credit report through a free annual check or a paid service.
Is The Amex Premier Rewards Gold Card Worth It?
The headline 50,000-point offer is a great place to start. Based on TPG’s most recent valuation of 1.9 cents per Membership Rewards point, the welcome offer alone is worth $950. And you can maximize the value of your Membership Rewards points to get even more value. That’s a pretty great offer for a card with a waived annual fee the first year.
As a mid-tier travel card, the Premier Rewards Gold Card doesn’t have all of the bells and whistles of premium travel cards like The Platinum Card from American Express or the Chase Sapphire Reserve. That means it doesn’t include perks like Priority Pass lounge membership or Global Entry fee credit.
But, where the Premier Rewards Gold Card excels is providing solid points earning with a low annual fee. You’ll earn 3x Membership Rewards points for flights booked directly with airlines and 2x points at restaurants, gas stations, and supermarkets located in the US. While you’ll only earn 1x points on purchases overseas, at least you don’t have to worry about a foreign transaction fee.
The Premier Rewards Gold Card has a $195 annual fee, which is waived the first year. Frequent travelers can mentally slash $100 off of this fee thanks to the card’s $100 per calendar year “airline fee credit.” This credit is good for covering incidental air travel fees like checked luggage fees, change fees, pet flight fees, seat assignment fees and more. While technically not eligible, we’ve found some small gift cards also get reimbursed.
While I’m sure cardholders would rather just have a $95 annual fee rather than this credit, most travelers should be able to utilize this airline fee credit.
If you aren’t targeted for this great offer, the current public offer for Premier Rewards Gold Card from American Express is a 25,000-point sign-up bonus for spending $2,000 in the first three months after signing up. That’s right: half the points for double the spend of the CardMatch offer. Considering that American Express only allows one bonus per product per “lifetime,” it’s probably worth waiting for a better offer to come around.
However, even at this reduced sign-up bonus, this card’s 3x points on airfare with a low annual fee could make it a winner if you spend a ton on airfare but can’t justify the annual fee on a premium card like the The Platinum Card from American Express (5x points on airfare), Chase Sapphire Reserve or Citi Prestige (3x on airfare). That said, these premium cards earn their annual fee for frequent travelers.
Feature photo by vadimguzhva / Getty Images
The CardMatch Tool will match you with offers from our participating partners in less than 60 seconds. Check today to see if you are eligible for a better offer on premium cards like The Platinum Card from American Express or Premier Rewards Gold card.