New American Express Card Worth Considering

American Express now offers the Premier Rewards Gold Card.

  • 15,000 bonus American Express Membership Rewards points after $1000 in spend
  • 15,000 bonus points for spending $30,000 on the card between January 1 and December 31 each year (equivalent to 50% bonus if you hit $30,000 in spend and stop). This isn’t a one-time bonus, rather an every year opportunity.
  • No fee the first year
  • Triple points on airfare
  • Double points on gas and groceries

After the first year the annual fee is $170 (ouch!) but if you spend enough on airfare it could be worth it. I need to consider this card for myself since I buy enough tickets for other people in addition to myself, the bonus on airfare will probably make the annual fee more than worthwhile.But I’ll likely wait until January to sign up because the 15,000 bonus for $30k in spend is based on calendar year, not cardmembership year.

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Posted by Gary  October 17th, 2009

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