Is the Premier Rewards Gold worth the extra $50?

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Is the Premier Rewards Gold worth the extra $50?

Postby Munie » Sun Nov 27, 2011 5:50 pm

Is the extra $50 worth it for the Premier Gold Card?

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Postby Money card » Sun Nov 27, 2011 9:11 pm

I would say if you travel on business in the U.S then absolutely yes. if you are going to be entertaining customers taking them out to sporting events, in addition to dinner, you will be using this card for checking in at hotels and booking flights. if yes to 100% of these questions it's worth it.

however if you have a different credit card you use for booking flights, but you want to use the premier gold for entertaining business customers to dinners and sporting event and a different card for checking in at hotels then you might want, just the basic gold..

If you don't travel on business but you shop a lot and you go out to eat the rewards are good. it all depends if you are going to spend a lot of money on this card. if you will only use the card sparingly I would say NO.

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Postby DoingHomework » Mon Nov 28, 2011 3:51 pm

I assume your question is whether the Premier Rewards Gold Card at $175 a year is preferable to the regular Gold Card at $125 a year.

The difference has nothing to do with whether you travel on business. The PR card gives you 3x points on airfare, 2x on gas and groceries, and 1x on everything else. If you consider points to be worth about $0.01 each as seems to be the consensus then the value of the PR card to you would be (3A+2G+X)*0.01 while the regular gold would be (A+G+X)*0.01. Here A = spending on airfare, G=spending on gas and groceries, and X= spending on everything else.

The extra value of the PR card is (2A+G)*0.01. If that is bigger than $50 then the PR is better for you. Basically if 2A+G is bigger than $5000 then the PR is better.

The only way business travel is going to matter is if you put the airfare on your card. Unless you buy groceries for clients there would be no other benefit.

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Postby 4Runner » Wed Dec 07, 2011 12:07 pm

Munie, do you like the card? can you afford the extra $50USD? do you want the card?

If your answer is YES to all the above, then go for it. That's it.

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Postby creditkid » Thu Dec 08, 2011 8:12 pm

Also, if you spend $30,000 a year on the card you get 15,000MR points, which comes out to about $150 back.

If you have any authorized users (which is an extra $35) then it would only be a difference of $5, plus bonus points for airfare, gas/groceries bonus.

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Is it worth to get Premier Gold now?

Postby solarmen » Fri Feb 17, 2012 11:12 am

I have had an amex card since 2007. My current card is blue cash everyday with 18k CL.

I never had a charge card before and really want to add the Premier to my profile. I am sure I will be approved. It's just, does it make sense for me to get it?

Me: travel a lot for biz, but my company handles most of the flight, hotel and rental car. I only book my trip once in a while. Personal trip is very limited but I do have one international trip every year. Other than that, my regular spending includes dining, gas, grocery and clothing store. I am not a big spender and can barely make the $30k spending mark.


  1. The premier gold looks too good. I love the gladiator design. On the flip side, the blue cash card, although rich on rewards, looks cheap.
  2. Signing bonus is not bad. The best bonus is 25k and first year fee waived. Although this is way less than the 75k bonus last year, I don't think the 75k bonus will be back anytime soon.
  3. I do earn extra points on gas, grocery and shopping through MR mall.

  1. Probably can't make the $30k mark to get the extra 15k points. At least not this year, maybe in a couple of years.
  2. I don't book flights myself. So I can't get the 3x bonus.
It looks like my bonus can barely justify the $175 at this point. I would definitely get better rewards if I stick with the blue cash (or even upgrade to the preferred). But I do love the gold card design and feel.

Another solution is to get the gold card now, and maybe downgrade to Zync in a year or so if I don't use it a lot. But is it easy to upgrade from Zync to Gold when I want to?

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Postby Money card » Sat Feb 18, 2012 11:23 pm

Since you travel on business what card does your company want you to use? Will your company provide you a small business or corporate card? Are you a vice president, CEO, treasurer, president or chairman? are you allowed to sign for 1 of these cards?

If your company wants you to use your own personal American Express card, have you thought about a high level executive card like a Delta Gold, Jet Blue or Starwood Preferred? My friend and accountant loves his Starwood card.

You ever notice that when your standing inline at a place like Pottery Barn, Body Shop, Evelyn and Crabtree you never see anybody use any of these cards? That's because they are thought of more of an executive level. But if you are at a restaurant or checking into a hotel you will see people using similar cards to these frequently. Have you ever thought about these cards since you travel on business?

My verdict is I actually see more people using the gold rewards than the basic gold. I guess since your company handles your flights I would get the basic gold.

It doesn't look like you will be getting 3X the travel on airfare. except when you travel on vacation. If I were you I would try out the basic gold for a year if you think your points rewards are very slow you can call American Express up and tell them you want the Gold Rewards.

You can't upgrade from a Zync to either Gold. You can keep the same membership date but you have to reapply. if approved you would be given a different account number but you would keep your 2007 membership date.

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