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For years the Chase Sapphire Preferred® Card has been taking up a large share of my wallet thanks to the double points on dining and travel which it offers, plus all the other benefits that come with the card.
Then the past couple of months I’ve picked up the Citi Prestige Card and Citi ThankYou® Premier Card, which not only have great sign-up bonuses, but are also extremely rewarding for everyday spend.
The refreshed Premier Rewards Gold Card is coming!
Well, next up we should be excited about the Premier Rewards Gold Card from American Express, which is undergoing a serious refresh as of June 1, 2015.
As a reminder, as of June 1, 2015, the AmEx Premier Rewards Gold Card will have a $195 annual fee and offer:
- A $100 annual airline fee credit, which should work similarly to the one on the The Platinum Card® from American Express
- No foreign transaction fees
- Improved bonus categories on spend:
- Receive triple points on airfare
- Receive double points on gas, dining, and groceries
Membership Rewards points remain one of the most valuable points currencies out there, and these bonus categories will certainly accelerate the rate at which you can earn Membership Rewards points.
Should you sign-up now or wait?
In general American Express hasn’t been offering huge publicly available sign-up bonuses on most of their cards for a while.
The Premier Rewards Gold Card from American Express offers a sign-up bonus of 25,000 Membership Rewards points after $2,000 in net purchases on the card within the first three months of card membership.
The annual fee is currently $175 (it adjusts to $195 as of June 1, 2015), and it’s waived the first year.
What we don’t know is whether the first year’s annual fee will still be waived when they refresh the card. It’s definitely possible, though I wouldn’t count on it, given that they’re adding a $100 airline fee credit, which isn’t presently a benefit.
Conversely, it’s possible that they’ll increase the sign-up bonus to compete with the bonuses from Chase and Citi, though it’s also not something I’d count on.
Regardless, color me excited about the changes coming to this card!
Do you think American Express will continue waiving the first year’s annual fee on the Premier Rewards Gold Card when they refresh it, and do you think they’ll offer a promotional sign-up bonus?