In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!
Update: This offer is expired. You can find the current offer details here.
A few weeks ago I outlined my 2012 credit card strategy, and one of the cards I mentioned was the American Express Premier Rewards Gold card. This card accrues Membership Rewards points and is great because it offers triple points on airfare, double points on gas and groceries, and one point per dollar on everything else. Furthermore, when you spend $30,000 on the card annually you get a 15,000 point bonus.
As I explained:
If I could manage to put $30,000 of airfare on the card, that would translate to 90,000 Membership Rewards points, plus the 15,000 point bonus, for a total of 105,000 Membership Rewards points. Add in a 50% transfer bonus from Membership Rewards to Delta SkyMiles, and we’re looking at ~157,000 Delta SkyMiles, or about 5.2 Delta miles per dollar spent on airfare. While they’re “only” Delta miles, that’s still a pretty amazing return on credit card spend.
The one thing that has been not so great about the card lately (and just about all other American Express cards, for that matter) is the sign-up bonuses. The best publicly available sign-up bonus for the Premier Rewards Gold card has been 15,000 points after spending $1,000 within three months (for details on that offer, here’s the link).
Anyway, the Premier Rewards Gold card finally has a higher sign-up bonus of 25,000 Membership Rewards points after spending $2,000 within three months (double the amount of spend required for the public offer), but it’s only available to those being referred by existing members.
If you’re an existing member of the card and want to refer someone, you can follow this link to enter the name and email address of the person you’re referring, and an invitation will be sent to them. You’ll get 10,000 points for referring them, and they’ll get the better offer.
If you’re interested in signing up for the card but don’t have anyone to refer you, I’d of course be delighted/thrilled/exhilarated/eternally grateful to do so. Just email me (email@example.com) your first and last name along with your preferred email address, and I’ll get an invitation sent over right away from American Express.
While the sign-up bonus still isn’t great, frankly I don’t think we’ll see it go much higher. Last year a lot of people signed up for the card with a 75,000 point bonus, but that was only by using a targeted promotion ID, something which American Express has cracked down on in the meantime. But the card is still a must have for everyday spend, along with the Chase Sapphire Preferred® Card, of course.
(Tip of the hat to The Points Guy)