American Express has several cards that earn Membership Rewards (MR) points. These are a great currency that can be transferred to multiple frequent flyer programs at a 1:1 ratio. Those programs include Aeroplan (Air Canada), British Airways Executive Club, Altitalia MilleMiglia and Asia Miles (Cathay Pacific). MRs can also be transferred to the Delta Skymiles and Ethiad Guest programs at a ratio of 1000 MRs to 750 miles.
The Amex Premier Rewards Gold Card is a charge card, meaning the whole balance is due each month, but it can offer terrific value if used strategically. Currently the card earns:
- 3 points per dollar for flights booked directly with the airline
- 2 points per dollar at US gas stations and supermarkets
- 1 point per dollar on all other purchases
Starting June 1, 2015 the card’s benefits will expand to include:
- 2 points per dollar at US restaurants
- No foreign transactions fees
- A $100 credit per calendar year on qualifying airline charges including incidental fees like baggage fees, itinerary fees, in-flight food and airport lounge day passes that are charged by the airline to the card
Cardholders will also now have access to a team of travel professionals to assist with travel needs. This can be great for items that points and miles won’t allow you to arrange for yourself. Note that the annual fee is $175 after the first year.
These new benefits are nice though I’m disappointed that the 2x points at restaurants is only for US restaurants. If I wanted to take this card overseas that would be a category I’d definitely use but if it’s not going to earn me 2x points I have other cards that will.
If you already have this card you’ll see more details on your March 2015 statement.
If you don’t have this card, you can apply HERE. Be sure to check the card match tool to see if you can get a better offer.