Let’s say you have snubbed your nose at the Corporate Machine and vowed to live a life of noble financially modesty, swearing off debt, and denouncing materialism. But you still need a job, right? You’ll probably need a good credit score to qualify. And yes, you want to live a minimalist life, but you’ve got to have cable. I mean,...
|Signing Promotion||Get 25,000 Membership Rewards® points after you use your new Card to make $2,000 in purchases within the first 3 months|
|Reward Rate||Earn 3X points for flights booked with airlines, 2X points at US gas stations, 2X points at US supermarkets, and 1X points on other purchases. Terms and limitations apply.|
|Annual Fee||$0 intro annual fee for the first year, then $175.|
|APR, Variable||No interest charges if you pay your balance in full every month|
Get 25,000 Membership Rewards® points after you use your new Card to make $2,000 in purchases within the first 3 months.
Earn 3X points for flights booked with airlines, 2X points at US gas stations, 2X points at US supermarkets, and 1X points on other purchases. Terms and limitations apply.
Book a minimum 2-night consecutive stay with the Gold Hotel Collection, when you book and pay with an eligible American Express Card, and receive a $75 Hotel Credit and room upgrade at check-in, if available.
Earn one Membership Rewards® point for every eligible dollar you spend. You can transfer points to over 20 frequent traveler programs or use points for gift cards at popular stores. Points have no expiration date - get points for the things you need and use points for the things you want.
As an added bonus, you can get 15,000 points after you spend $30,000 in purchases on the Card in one year.
Terms and Restrictions Apply
Excellent Credit Needed
- Excellent reputation and customer care
- Great and flexible rewards program, especially for frequent travellers
- Very good perks
- Can’t carry a balance from month to month
- $175 dollar annual fee
- 2.7% foreign transaction fee
The Simple Dollar’s Review
No card says “big deal” quite like the American Express® Premier Rewards Gold Card; it’s often regarded as a status symbol for the rich and powerful. But don’t get carried away by the prestige and shiny gold presentation — this is no regular credit card. Firstly, it’s not a credit card, it’s a “charge card,” meaning you have to pay your balance in full every month or be penalized. Essentially, you use it for the perks and rewards, which are tailored for important people and busy lifestyles. You earn three points per dollar on air travel, two points per dollar at U.S. gas stations, two points per dollar at U.S. supermarkets, and one point per dollar on other purchases. So if you travel a lot for business, it won’t take long to rack up some serious points.
The value of points depends on how you redeem them, but American Express points go a long way and can be used for all sorts of things, including flights, hotels, gift cards, and merchandise. The card also includes a whole range of other glamorous perks, like 24-hour roadside assistance, checked-luggage insurance, and a free 24-hour international helpline to help resolve any problems you run into while traveling. You also get special deals and VIP treatment for some concerts and events. All of this comes at a price however: there is a $175 annual fee. So you truly have to be a frequent traveller or big spender to make this card worth it. But if you are, the American Express® Premier Rewards Gold Card offers one of the top rewards programs available, and the customer service is second to none.
Are you ready to pay with plastic? When used responsibly, credit cards can be a great tool to establish credit — and good credit is something that will serve you throughout life. That’s why so many college students, recent graduates, and newly independent adults are ditching the cash and going plastic. Fair warning: there’s a catch. Responsible credit card management is...