The card it self from an aesthetics view is nice, the gold has a good shine to it, it's not metal card like the platinum but still nice. Now as far as the points are concerned it's not to bad, 3x's with flights booked through Amex, 2x pts for dining and grocery and 1x for everything else. The card comes with an annual $195 fee, but with a yearly travel credit of $100(checked baggage, on flight purchases, etc.) and a $75 credit toward hotel credit(massages, spa treatments, room service, etc.) when you book a two night+ stay within Amex hotel collections, the fee ends up being $20 in my eyes. The reason I chose this card rather than the Amex platinum is simple, I just don't travel enough/ spend enough to even break even with the annual fee of $550, I take about 5-8 small weekend trips and maybe 2 big vacation trips a year, and even with flights, hotels, car rentals, I couldn't justify the higher annual fee to get a cool looking metal card, with a useless(for me) $200 Uber credit, I find more value gaining points for dining and groceries. Credit Karma said I had very good odds, Transunion:706 Equifax:711, have had 3 hard inquiries in the past year, utilization 0%, and no missed/late payments since 2012. To all those looking into this card please understand that this is a charge card, so when looking at credit report it will be listed in the other section, and not under credit cards. Side note, if your looking to decide which card to add as a second or primary card I would recommend looking into the CSR or CSP from Chase both similar to the Amex PRG and Platinum cards.
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR Not Applicable
- Annual Fee $0 intro, $195 after first year
- Purchase Intro APR Not Applicable
- Purchase Regular APR Not Applicable
American Express is a Credit Karma partner
The Premier Rewards Gold Card from American Express is a charge card with great rewards that’s aimed at good-to-excellent credit consumers.
What to Like
There are plenty of ways to earn rewards with this card. You can earn 3x points on flights booked directly with airlines, 2x points at eligible gas stations, restaurants, and supermarkets and 1x points on other eligible purchases. There’s also a rewards bonus if you meet minimum spending requirements, no annual fee for the first year and no pre-set spending limit.
Look Out For
This is a charge card, meaning you’re required to pay your balance in full each month. There’s also a $195 annual fee after your first year and no pre-set spending limit doesn’t mean unlimited spending.
Most Helpful Positive Review
Most Helpful Negative Review
Amex, like other credit card companies, has a maximum credit limit they will let you charge (even if you're paying it off every month). Recently, I got an email from them saying they are reducing the amount I could charge by several thousand dollars - effectively they reduced my available credit left to only a couple of hundred dollars 'available'. While it's they're right to decide how much they want to allow me to charge, the way they did it was just unconscionable. We were on vacation and I had assumed that I would be paying my hotel and other bills with the Amex card. This was now impossible. Luckily my emails are forwarded to my phone.
Fortunately (like most people and something Amex doesn't seem to realize) I had another card (not from Amex) and we were able to continue on and have a great vacation. Amex could have said - 'starting next month you can only charge this much' but they didn't. They just cut off you off with virtually no notice.
Now, they said my credit rating had changed. But I checked it that day. In fact my credit rating has improved over the last 2 years. Plus when you're talking to the customer service person they are really no help. They keep saying 'call the credit bureau' and the credit bureau keeps saying 'talk to Amex they made the decision'. Also, I have been an Amex card holder for over 10 years (although just recently 'upgraded' to the new Premier Reward Gold Card) and have never had a late payment, ever.
So, I will keep the card but for the next 2 years I will reduce my use of it by 75 - 80%. The only way I know of to penalize a financial company is to starve them of fees/revenue. I'm under no illusion that my small amount of revenue will change their behavior. But I thought I'd post my experience here for others to be aware of.
Bottom line - don't depend on Amex. Always have one of their competitors cards with you so you won't be left 'high and dry' when you are away from home. Instead of their motto being "don't leave home without us" it should be "don't count on us if you're overseas on vacation because we don't care"
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Sample Size: 125
Data Created: February 02, 2015
Note: Sample data consists of Credit Karma members who hold this card.
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