American Express Launches Premier Rewards Card With 3X Points On Airlines, 2X On Gas & Groceries

American Express just launched a new Premier Rewards Gold Card that pays triple Membership Rewards points on airfare purchases, double points on gas and grocery purchases, and one point for all other purchases that you make. Card members can also earn 15,000 bonus points when they spend $30,000 on the Card per calendar year, an average of $2,500 per month. The new Card is available for an annual fee of $175, which is waived for new Card members the first year.

Now, you guys know my stance on paying annual fees, because I just wrote about it the other day. But for some people, the rewards (and how much you spend on the cards) are worth the cost of admission. And as long as you use credit wisely by paying off the balances every month, which Amex makes you do because they are a charge card and not a credit card, the rewards might be worth it to you. Shop wisely.

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  1. I never really got the whole thing of spending money for an annual fee to gain the benefits they offer. It always just makes me itch.