2014 American Express Premier Rewards Gold Card Review: Read This First
ALERT: Please don't complete an application for the American Express® Premier Rewards Gold Card until you have read this review and fully understand the numerous card benefits.
I frequently encounter people who have this card, but they're unaware of all the benefits it offers. As a result, they are leaving value and sometimes real money on the table!
So please take a moment to review all of the Premier Rewards Gold Card's benefits before you apply. That way you won't miss out on anything once you have it.
Since making its debut in 1966, the American Express Gold Card has become synonymous with exceptional customer service and benefits, not to mention setting the "gold standard" for card prestige. But more recently they came out with the Premier Rewards Gold which is even better. My review explains why...
Get The Best Sign-up Offer Available (April 2014)
Bonus of 25,000 Membership Rewards points after spending $2,000 in first three months of card membership AND get a $0 introductory annual fee for the first year. After the first year, the annual fee is $175.
Learn more and take advantage of this offer while it's available
What happens if the purchases you made with the credit card are lost, stolen or accidentally damaged? If any of those things happen in the three months after you make the purchase, American Express will pay to repair or replace eligible purchases – up to $1,000 per claim and $50,000 per year. Purchases anywhere in the world are covered.
Example: You buy a brand new $130 pair of sunglasses and two months later, you drop them on the concrete and scratch up the lenses. Obviously the store/retailer isn't going to let you take them back. However if you paid for them with your American Express Gold Card, those glasses could still be protected.
Let's be honest... they don't make things how they used to. That extended warranty the cashier tries to sell you at checkout is probably a good idea, but why pay for it? The Gold Card offers you an extended warranty on all eligible purchases! If the original manufacturer's U.S. warranty is five years or less, American Express will extend it up to a year at no additional cost.
So let's say you buy a new laptop and the manufacturer's eligible warranty covers 12 months. After 13 months, the fan goes bad and fries the motherboard (happened to me). If you bought the laptop with your AmEx Gold card, warranty protection is twice as long – 24 months instead of 12.
Stores can be so picky about returns. Not only do you need the receipt, but the item needs to be in the exact same condition you bought it. And even then, some retailers don't accept returns, period.
Well if the store won't accept your eligible return, American Express will. If you bought the item with your Premier Rewards Gold card, American Express will refund the full purchase price (up to $300 per eligible item) within 90 days of purchase.
Roadside assistance - Up To $200 Value
Why pay for an AAA membership? Get complimentary 24/7 roadside assistance anywhere in the U.S. and Canada. Up to $50 value each time and you can use it four times per year.
Car Rental Loss and Damage Insurance
Next time you rent a car, remember that American Express offers collision coverage on eligible rentals when paying with your Gold Card. Plus you also get the 24/7 roadside assistance.
Luggage Insurance - Up To $1,250
What happens if your bags are lost, stolen or damaged while you're traveling? American Express offers insurance – up to $1,250 for carry-ons and $500 for checked luggage – on common carrier tickets, as long as you paid with your Gold Card. Keep in mind that's in addition to the coverage provided by your airline.
Travel Accident Insurance - Up to $100,000
You're protected – for no additional cost – on all eligible travel via Common Carrier (ticketed passenger on an airline, cruise ship, train, etc). Just pay using your Premier Rewards Gold. Hopefully this is a feature you will never need to use, but travel accidents do happen.
Global Assist Hotline
What if you're traveling and your wallet is stolen – your passport, cards, and cash are gone? Or you have a medical emergency far from home? If you're more than 100 miles from home, get emergency assistance anytime. You can get access to emergency cash, help with your passport, referrals to medical providers, and much, much more. Of course you'll have to pay for any services your receive, but having AmEx help you coordinate everything can be a godsend in the midst of a crisis.
Fast Card Replacement
Whether you're home or abroad, you can get a lost card replaced quickly. This happened to me when I was traveling and American Express sent me a replacement card using overnight express. I also know someone that had a temporary Gold Card given to them the very same day by going to an American Express office when they lost the card in Belgium.
REWARDS:The Membership Rewards program on the Premier Rewards Gold Card is generous. Review it for yourself and keep in mind there are no caps on how many points you can earn.
The Membership Rewards program is huge, so you can redeem your points for almost anything; Gift cards, statement credit, merchandise, you name it.
- 3 points per dollar for flights booked with airlines
- 2 points per dollar at U.S. gas stations
- 2 points per dollar at U.S. supermarkets
- 1 point per dollar on all other purchases
- Annual bonus of 15,000 points each calendar year you spend at least $30,000 on the card (this is ON TOP of the points you already earned.)
- Sign-up bonus of 25,000 points after you spend $2,000 during your first three months with the card (use the link below to get this offer)
You can also use the Membership Rewards program to turn your card into a frequent flier card for multiple airlines. How? Instead of being restricted to a single carrier, you can convert points to frequent flier miles. The conversion is often on a 1-for-1 basis with no dilution in value! More than 20 partner airlines and hotel programs participate. As of April 2014, those partners include:
- Air Canada
- Asia Miles
- British Airways
- Delta SkyMiles
- El Al Israel Airlines
- Flying Blue
- Singapore Airlines
- Virgin America
- Virgin Atlantic
Remember... real frequent flier miles might be worth more than 1 cent each (since most airlines offer round trip flights for 25,000 miles and sometimes less). That means the points can really net you some serious value if you choose to redeem them for travel rewards.
- Best Western
- Choice Privileges
- Hilton HHonors
- Starwood Preferred Guest
FUN:Special Events & Destinations
As a Gold Card member, you are eligible for access to special events along with extra perks and upgrades.
Get Exclusive Tickets
AmEx can hook you up with some of the most in-demand concert and event tickets in the country. Whether it's the hottest band or sports game, American Express has connections. Many times you can even buy tickets before they're sold to the public and get preferred seating.
VERDICT (April 2014)Valuable benefits, high rewards on spending, and premium service? It's clear to see the Premier Rewards Gold card is so coveted and highly rated. The enticing bonus offer that comes with it right now is icing on the cake. With the annual fee of $175 waived in year one, you can give the card a test drive before deciding if it will have a permanent spot in your wallet.