Make $100 on the American Express Premier Rewards Gold, Plus New Card Benefits!

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American Express Premier Rewards Gold just announced the addition of a $100 travel credit, double points on dining, and eliminated foreign transaction fees. These new benefits go into effect June 1.

American Express Premier Rewards Gold used to be the best Membership Rewards points-earning card by far. It earns triple points on airfare purchased directly from airlines and double points at US gas stations and at US supermarkets. It carries an annual fee of $0 introductory the first year, then $195.

It always struck me interesting that this was such a stronger points-earning card than the Platinum card (which of course has better benefits like lounge access).

But the fee was too high on the card after the first year to make sense.

Back in the fall when American Express removed the card’s annual threshold bonus of 15,000 point for $30,000 spend in a yeara, Amex was promising that the card would get new benefits. It took five months, but they’re here and they make Premier Rewards Gold card a much more compelling product.

Now the improvements have been announced.

American Express will give you a $100 travel credit. That means you can effectively make $100 the first year when the annual fee is zero. In my experience American Express travel credits have worked with $100 electronic airline gift cards.

The card will earn double points on dining in addition to triple points on airfare and double points at US gas stations and at US supermarkets.

They’ve eliminated foreign transaction fees

They’ve taken the sting out of the annual fee on the card, and made it a stronger points-earning card than before.

Here are the best uses of American Express Membership Rewards points, which are one of the most valuable currencies since they transfer to a variety of loyalty program currencies (my favorite uses being ANA, Aeroplan, British Airways, Singapore, Delta).

American Express Premier Rewards Gold


Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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  1. This is not available to current AMEX card members, or so it came up when I clicked on your link. I have never had this card.

    “You have been identified as a current American Express Card Member. You may have seen an offer advertised for this product previously, but the offer is not available to current American Express Card Members.”

  2. Okay, a couple of questions…

    Does this apply to existing cardholders?

    Does it apply to the Business version of the Amex Gold card?

    I’m assuming the answer to both of these is NO, but thought I’d ask…

  3. Is the $100 airline credit available each calendar year? So could you actually get $200 worth of credits during the first year of card membership when the annual fee is $0?

  4. Per a conversation with AmEx today re: my PRG card, these benefits WILL go into effect for current card holders effective $100. Specifically she mentioned the 2X points @ US restaurants, no foreign transaction fees, and the $100 yearly credit on airline of your choice – selected online a la the Platinum card.

    No sure about calendar year, but I would assume that would be the case if it was that way with the plat card (so you could probably get it in June and again in January?)

    Between this an AmEx offers it makes sense to hold on to this card for another year for me.

    Also, FYI, she did say that effective June 1 the annual fee goes to $195. If you renew before that date, you keep the $175 for another year.

  5. Compared to the Everyday Preferred Card, which has the same net annual fee, you’re giving up 1.5x everywhere, 4.5x groceries and 3x gas in exchange for 3x airfare, 2x restaurants, groceries and gas and 1x everywhere. It’s maybe marginally better for some people, but not too compelling. If I really wanted 3x airfare, I’d go with the Citi Prestige, which has almost the same net annual fee for Citigold clients plus lounge access.

  6. I’m also uncertain the real value of these changes.

    Airfare: 3x PRG, Prestige, Premier
    Gas: 3x EDP; 2x PRG, CSP, Ink+(Cash)
    Grocery: 4.5x EDP; 2x PRG
    Dining: 2x CSP, Ink Cash, Prestige, Premier, PRG
    General: 1.5x EDP, 1x CSP, Ink+(Cash), Prestige, Premier, PRG

    Dropping the annual fee, and FTF brings the card in line with its competitors but adding one of the most competitive bonus categories seems like a wash. With all the programs sharing at the same bonus categories it comes down to strength of transfer partners- a comparison I’m not sure Member Rewards wins currently.

    Do I really see a benefit in diverting dining from UR or TY to MR? That’s really the question we should be asking to decide if this useful enhancement to use the card. The EDP already owns the other categories and general spend for MR points.

    The only case I see this as beneficial is if the PRG was useful as a 3x airfare card at $175, then it will be even better at $95. For everyone else I’m not sure the benefits are useful.

  7. In short, the Amex PRG will cost an annual $95: the [new, increased] annual fee of $195, less the $100 travel credit.

    So the question becomes, is the $95- annual cost of the PRG worth it?

    IMHO I would say answer a strong yes IF they had a better range of transfer partners, but right now it’s a tepid meh.

  8. @MilesMath – “It’s maybe marginally better for some people, but not too compelling.”

    For my case, it would not be marginally better, it would be a MASSIVE improvement. The majority of my spending that falls into bonus categories is dining.

    @kimmie a – “IF they had a better range of transfer partners,”

    They have more transfer partners than Citi and Chase.

  9. A few questions on the Everyday Card, @MilesMath. how are you giving up 1.5x everywhere, 4.5x groceries and 3x gas in exchange for 3x airfare, 2x restaurants, groceries and gas and 1x everywhere.?

    The Everywhere card says 3x grocery up to 6k, 2x points at US gas stations; 1x points on other purchases. Then a bonus of 50% more points on those purchases less returns and credits. I currently get 3x on airfare,

    I have the Premier card, just trying to see if I should get the everyday card if it pays 3x grocery (however I use my Chase Ink to buy $200 gift cards at staples and use them for groceries and 2x in gas.

    just getting confused on which card will give me the best point on gas, groceries and spend.

  10. When trying to get that Premier Rewards Gold Card
    from American Express, my screen came up with a note saying, “You have been identified as a current American Express Card Member. You may have seen an offer advertised for this product previously, but the offer is not available to current American Express Card Members.” That’s pretty funny (confusing might be a better word) because on the same screen it says,”KEEP YOUR ACCOUNT NUMBER: Upgrade without changing your account number.”

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