Like many of the rewards credit cards, Amex Premier Rewards Gold Credit Card is changing some of its benefits. It remains a great card, but you should be aware of some of the upcoming changes, namely the elimination of the 15,000 Premier Rewards Gold Bonus points, which has been an attractive feature for many who use this card.
Any time a credit card offers a spending bonus, people take note. For those who are savvy about earning and redeeming their points, this is sometimes a pretty big deal. Let’s go over some of the changes and some of the great things that will remain as Amex enters 2015.
Elimination of the 15,000 PRG Bonus Points
This is probably the biggest and most significant change that you will notice. If you have been diligently spending and aiming to earn this bonus, you don’t have to worry about your 2014 bonus. But, when 2015 arrives, this benefit will disappear. Amex has reported that few of their card holders actually reached the spending threshold for earning the top reward, since you have to spend $30,000 to earn the 15,000 point bonus.
For those who are used to spending at this level and who look forward to the bonus, you may have to decide if you still want to pay the $175 annual fee without getting this bonus.
New Perks Around the Corner?
Rumors are flying about other changes that may happen for the Amex Premier Rewards Gold card members, but nothing has been announced at this point, making some card holders a bit nervous and considering jumping ship.
The competition is stiff when it comes to rewards cards, and whenever a big card like Amex Premier Rewards Gold card takes away a major perk, there are ripples. Two other cards that are popular and seem to be stable with their benefit offerings are the Chase Sapphire Preferred and the Barclaycard Arrival Plus. The Chase Sapphire Preferred offers 2 points for every dollar spent on travel, and has no foreign transaction fees (unlike the Amex Premier Rewards Gold card, by the way), and the Barclaycard Arrival PlusTM World Elite MasterCard® offers 2 points per dollar spent on all purchases. With the Sapphire having only a $95 annual fee, and the Barclaycard having an even lower $89 fee, the Amex Premier Rewards Gold card has some stepping up to do if they intend to remain in competition.
Time Is Running Out
If you are still interested in the Amex Premier Rewards Gold card, then the time is now to get in on the possible rewards, since the biggest perk goes away starting in 2015. You can still get the big sign on bonus of 25,000 points for spending $2,000 in the first three months, and the annual fee is waived for the first year, so all is not lost yet.Take a look around, however, because there are definitely some other deals out there that might be a little more beneficial for the average person looking for a great rewards card.