The American Express® Premier Rewards Gold Card ranks as the third-most exclusive personal charge card at American Express that fits the bill for the responsible big spender.

The American Express® Premier Rewards Gold Card is a step down from the Platinum Card but it is still a prestigious card that may not fit the financial situations for the average consumer. It’ll take a relatively high salary to make this card worthwhile.

American Express® Premier Rewards Gold Card Details

The Premier Rewards Gold Card is a charge card, which means that the balance must be paid in full after every month.

  • Earn 25,000 bonus points after your first purchase.
  • Earn 3X points on airfare, 2X points on gas and groceries, and 1x points on everything else.
  • Earn 3X points when you shop at select retailers in the Bonus Points Mall Shop.
  • Earn an extra 15,000 points when you spend $30,000 in a calendar year.
  • No pre-set spending limit.
  • Annual fee of $195 (waived for the first year).

Points are earned under the Membership Rewards program – they don’t expire and there is no limit to the number of points you can earn. Points can be transferred to frequent flyer programs or redeemed for travel, shopping, dining, entertainment, and statement credit.

Other perks include car rental insurance, baggage insurance, accident insurance, price protection, return protection, and extended warranties.

Card Analysis

The rule sticks for the use of any charge card: the American Express® Premier Rewards Gold Card is not right for you if you intend on carrying a balance because you must pay off the balance in full every month.

The rewards program is the lucrative feature of the Premier Rewards Gold Card with bonus points on popular spending categories. Aside from the 25,000 bonus points after spending $2,000 within the first three months of card ownership, you get 15,000 extra points for every year that you spend $30,000, which isn’t a small number.

Under the Membership Rewards program, a $100 statement credit can be redeemed with 20,000 points. It would require the equivalent of 35,000 points to recoup the cost of the hefty $175 annual fee (waived for the first year). But, the points redemption rate is more favored towards gift cards and merchandise (around 100 points to every $1).

The Premier Rewards Gold Card has no foreign transaction fee, which makes it a great card to use during an international trip.

Overall, the American Express® Premier Rewards Gold Card is ideal for the high-income earner who pays off balances in full, is a frequent domestic flyer and spends more than $30,000 per year on a card.

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