Posted by William Charles on September 20, 2018
Credit Cards

Published on September 20th, 2018 | by William Charles

164

Upcoming Revamp Of Premier Rewards Gold Card: $120 Dining Credit, 4x At Restaurants, 4x At Supermarkets (Up To $25k)

Earlier today American Express was showing a number of new benefits for the Premier Rewards Gold Card when you were logged in. These benefits are no longer showing, but I suspect this card is being revamped and we will see these benefits formally announced and launched soon. New benefits are as follows:

  • $120 dining credit. This is a $10 monthly credit that can be used at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Shake  Shack.
  • Card will earn 4x points at U.S. Restaurants
  • Card will earn 4x points at U.S. supermarkets, up to $25,000 in spend per calendar year

The card will lose 2x points at U.S. gas stations, but the other benefits will remain the same. This card comes with a $195 annual fee, but it also comes with a $100 airline credit towards incidentals. For a lot of people this card will be worth keeping long term with the new benefits, I suspect it will likely mean some people cancelling their Chase Sapphire Reserve. It’s good to see American Express adding benefits while Chase is busy cutting them.

Hat tip to US Credit Card Guide



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Dima
Dima

$100 airfare credit sticking around too? AMEX is stepping up their game for sure.

HG
HG

Woah! We got another winner here!

Percy
Percy

4x at restaurants should be worldwide, not US only.
The Chase Sapphire Reserve is still the best card for international travelers.

Ray
Ray

At this rate, CSR will be dethroned sooner than anticipated.

Charlie
Charlie

I seriously doubt that.

JS
JS

No way, Jose.

Popcorn
Popcorn

The CSR offers the best in class travel earnings at 3x for everything except walking. CSR is still king and it stays.

cowsareverywhere
cowsareverywhere

Hmm I wonder if you can have both the CSR and PRG at same time /s.

Brandon
Brandon

Yes you can have both CSR and PRG at the same time

Lrdx
Lrdx

/s == end of sarcasm

Cameron
Cameron

What would make you think you couldn’t? They’re from different lenders…

Snorlax
Snorlax

The post you are replying to is sarcasm. That’s what “/s” means.

mike
mike

true, amex still doesnt have airbnb, taxis, trains, etc which i think is ridic

Jeremy
Jeremy

Agreed. If PRG is international restaurants though, it certainly would give CSR a run for it’s money.

Snorlax
Snorlax

Most international restaurants don’t take AMEX anyways.

Max B
Max B

That may be true for some but 95% of my restaurant spend is domestic so PRG would be my choice at home. I downgraded my CSR to CSP and I’m okay with just 2 UR while traveling internationally.

Jags
Jags

Don’t be surprised if this comes with a new annual fee. I hate the pressure of having to use all these monthly doled out monetary benefits. In addition I almost never use my airline reimbursements these days.

Ryan B
Ryan B

Just buy airline gift cards directly from airlines…almost always triggers the travel credit

Capcalhoon
Capcalhoon

You must be a ball of fun at parties, sunshine.

J
J

lol

Jags
Jags

By the way, it’s official. I can’t have children.

Taylor
Taylor

I will buy your airline reimbursements at a 30% discount… 🙂

millionairenextdoor
millionairenextdoor

I imagine it’s easy to use the dining credit by ordering a pizza or takeout via Grubhub for those nights when there’s not enough time to cook; something I assume most of us do 5-10 times a year.

Frogger
Frogger

With delivery fee and tip you just used up your 10 dollars

Piotr
Piotr

Delivery where I am is usually just $1.99. A 20% tip on a $10 order still leaves me with $6 per month, or $72 per year. I’ll take it!

Snorlax
Snorlax

$10? That’s less than most minimum deliveries.

Snorlax
Snorlax

Nah, GrubHub can have very poor market penetration in many areas. There’s currently a single restaurant near me that uses GrubHub and it sucks. There is delivery here, but it’s either place the order by calling or using whatever software is installed on the restaurant’s website.

Seems solid in big cities though.

I wish the dining credit would be more flexible.

JS
JS

Grubhub may have paid AmEx to offer this…. Just marketing from AmEx side.

Snorlax
Snorlax

Almost certainty, yes.

There’s literally no other reason to restrict the benefit to such a small subset of “dining.”

And by “paid,” AMEX probably negotiated the credit at a significant discount.

JS
JS

No, that is low life to order junk food…..

Joe
Joe

You can’t use your airline incidental? Now you’re just being stupid. Don’t comment and complain about this and consider yourself a real churner if you can’t spend 2 minutes buying an airline gift card.

Jags
Jags

This is basically how it goes. We go on vacation. Wife checks a bag, I carry on. We buy a drink on the flight. I end up with $23 of unused credit and I don’t want to buy a $50 AA or Delta gift card and pull $27 out of my pocket. I haven’t paid for a flight in 10 years so it’s hard to use them.

millionairenextdoor
millionairenextdoor

Jags About not paying for flight in over 10 years, where can I apply? Lol. Seriously, that’s awesome. Do you have that many points or do you just fly infrequently?

Jags
Jags

Doesn’t take many points to fly, easy to earn points. Plus I fly about 20-30x a year for work. Just don’t be a donkey and blow 160k points for a first class ticket when a 60k coach ticket will do just fine.

millionairenextdoor
millionairenextdoor

Jags I am in the group of people who get the most flights versus the max luxury. I have enough miles for about 7 roundtrip flights to Europe in economy. That’s about 2.6 roundtrips in Business Saver and 1.7 roundtrips with First Saver. I will be a maximizer and save the lux experience for a special occasion.

R.M
R.M

That’s your plan from now on, buy the gift card in full $50 amount, wife checks in the bag, pay with the gift card. Want the drink on flight or not. pay with the gift card.
You can have it on your phone as well (I guess).

sdsearch
sdsearch

Just be sure you buy it for an airline where this trick works. Airline gift cards get the Amex airline incidental credit for only a SUBSET of the airlines that Amex supports, and even for those few airlines where it does work there are different limits (it works reliably for DL only in $50 amounts, while for AA in $100 amounts at least).

JS
JS

Right, they throw the junk around and ask for more fees.

Stephen
Stephen

If this is true, and even if the AF went up (a bit!), I would get this card as a keeper to compliment the preferred everyday card. Might even be able to cancel the everyday.
4x up to 25k at supermarkets is a winner in my book.

Stephen
Stephen

Hrm. I logged into amex to see if i was still targeted for a 50k gold card offer, and noticed the platinum card is gone. It’s nowhere on the list of cards to apply for (and I don’t have one). Is that normal?
Edit: must be something related to my account. it’s there if i go incognito.

cowsareverywhere
cowsareverywhere
Stephen
Stephen

Thanks for confirming. Amex must be mad at me, if i click that link i get: “Oops, we’re sorry. This offer is not available at this time.” They are just outright denying me the card without applying? Ouch. Payback for canceling it a few years ago? lol

Orin
Orin

It probably is once in a lifetime language bonus. Amex warns you before you apply if you are not eligible.

JS
JS

why you want to cancel the no fee everyday card?

sdsearch
sdsearch

The no fee Everyday card earns 2.4x at US grocery stores, and only if you do 20 separate purchases a month. If you have the PRG and it ends up giving 4x at US grocery stores, what use is the no fee Everyday card?

P
P

Benefit to me:
4x supermarket. I don’t spend a lot on this card but with this one I will. I don’t need the Everyday and EDP now since I’ll never exceed 25k.
Cancel ED and EDP to free up CC slots.

Benefit to Amex:
Because I keep my card, they get annual fee.

VL
VL

Just my 2 cents… i would keep ED – a no AF MR earning personal card with full transferring potential.

AnameOfaguy
AnameOfaguy

They make these benefits so hard to use though. Just like the Uber credit on the Plat. Sure, it’s $10/mo or $15/mo, but you pay a $4-5 delivery fee, a $1-2/item upcharge, and a $5+ tip so the actual cost is $15/order minimum… I’m losing money by using that rather than calling the restaurant direct for delivery or picking up takeout on the way home. For regular users of Uber/GrubHub it makes sense but otherwise it’s hoops to jump through to lose money.

cowsareverywhere
cowsareverywhere

Brah eat at the Cheesecake Factory. I don’t
know how you manage to bitch when AMEX is doing something right.

AnameOfaguy
AnameOfaguy

If you like cheesecake factory-quality food, then by all means go for it 🙂 There’s a cost to these benefits. See all the talk of potential increase in annual fee, just as we saw on the Platinum. If the fees stays the same, then great!

Steve
Steve

Cows may be everywhere but I don’t have a Cheesecake Factory nearby.

AnameOfaguy
AnameOfaguy

…I wish they had hadn’t removed the up/down votes on comments 🙂

Frogger
Frogger

So you spend 60 dollars to get 10 dollars off. This is marketing for the restaurants not a benefit

Tom
Tom

Where did you see this $60 spend requirement? It’s certainly not mentioned in this post… are you referring to another source? If so, please share with us… Thanks.

Rob
Rob

I think he just means if you are going out to dinner with your spouse or anyone else you are probably going to spend $60 with tax and tip so this is just like a tiny coupon. I suppose you could go by yourself, order a soup, leave a tip and go home celebrating your $10 victory, but that would feel a bit sad to me.

Tom
Tom

I’ve never seen people so upset about new benefits being added to a card. Sure, it’s not intended to be 100% easy to redeem, just like the uber credit and incidental credits on the Platinum aren’t supposed to be extremely easy, they are hoping for breakage. However, the wide range of uses for this dining credit seems like almost everyone should be able to take advantage of it, unless you never eat out or get food delivery, but come on, this is 2018 (I assume that’s probably even less than the number of people that don’t use uber). Plus, you can still stack this credit with any local coupons or whatever, or use grubhub or merchant gift cards for any value over $10… there are plenty of ways to make this work, I don’t know why people are so upset over free money…

JS
JS

This is “bad” “benefits”. Or it is nothing. At least someone without a card can use the $15/month credit and you just charge all to the Plat card. But there is cost to use this “benefit”.

Snorlax
Snorlax

We are worried this “free” money will come with an increased annual fee to “justify” it.

JS
JS

We get some smart people here 🙂

Stephen
Stephen

I guess the up-charge is merchant dependent. I’ve never seen Grubhub charge more for an individual dish (unlike, say, Instacart or Shipt).

We use grubhub style services on the couple of nights a month where we can’t drive to get takeout (e.g. had a few drinks) and the merchant doesn’t deliver directly. I just look at it as a free delivery (fee + tip) each month. I’ll take it. Better than nothing.

The question, to your comment below is, what are they doing to the AF?

AnameOfaguy
AnameOfaguy

Interesting, pretty much everywhere here is a $1-$2 upcharge on each item versus in the restaurant/call-in for UberEats/GrubHub/Postmates. Postmates for some reason has one indian restaurant I like where everything is $1 less that eat-in (and $4 less than on UberEats). I started ordering from there a lot… 🙂

Frogger
Frogger

Yeah the Uber credit is wortless for Uber Eats.

BC
BC

Not worthless if you buy from them anyway. As always YMMV.

As far as I can tell Grubhub/Seamless don’t upcharge on items. I’d prefer a general $10 dining credit per month but could make this work – I suspect it’s great for many users in major metro’s

JS
JS

Exactly, do not get fooled and considered this is benefit. No, this is a trap for you to order junk food.

millionairenextdoor
millionairenextdoor

Silver lining! I just decided to keep my PRG card after a successful retention call, and I honestly didn’t want to cancel but didn’t have as much use for it after the first two years. With these changes, the PRG will replace our Everyday as the main household card. Groceries, restaurants and air travel at 4x/3x points, and the airline credit? An absolute no-brainer as long as the AF stays reasonable.

Rowan
Rowan

Do you mind if I ask what your retention offer was?

millionairenextdoor
millionairenextdoor

Rowan Elijah K No at all. They offered 10,000 MR points with $1,500 spend over 3 months.

CJ
CJ

That looks pretty enticing. May I ask how much spend did you put on RPG in the previous year? I couldn’t get any. Making me think that I haven’t used it too much.

millionairenextdoor
millionairenextdoor

CJ Spent $12k on the card last year and just over $900 this year. But I haven’t closed any cards with Amex before and I have a personal Everyday and two biz cards that have seen tons of spend.

CJ
CJ

millionairenextdoor Appreciated it. I also haven’t closed accounts any with Amex.

R.M
R.M

I got $50 statement credit + 5,000 MR points with $500 spend over 3 months.

Elijah K
Elijah K

Also curious.

Bryan
Bryan

Happy to see these changes, but really wish they would have also added 3x for hotels as well. CSR still has the PRG beat in that area.

Also, really hoping this means that they will be revamping the Plat with even better benefits. Can’t imagine they would add these for the PRG but leave the Plat alone.

lobachevsky
lobachevsky

You’ve all missed the lead. The current Premier Rewards Gold pays 2 MRs per dollar for supermarket spending–and there is no cap at all. The changed terms gives you four MRs for the first $25K of supermarket spending–and then reduces the benefit to one MR. That a severe reduction in benefits for most who buy MC/Visa gift cards at supermarkets

millionairenextdoor
millionairenextdoor

Put the next 25K at grocery stores on the Blue Business Plus. If you’re in the “catering business.”

Ivan X

Why not the next 50K?

Brian C
Brian C

Nice. This is my 2nd oldest card and I just received a spend bonus offer for myself and AU. Amex, keep the gifts coming!

Elijah K
Elijah K

Wait. An offer for the PRG, or the BGR? What was the spend offer if you don’t mind me asking

Brian C
Brian C

15,000 MR on $2,000 spend. It just posted. Super fast.

Nik
Nik

Chase hit out of the stadium for a home run by Amex. Well played by Amex.

JS
JS

Na, just rub elbows.

Marc
Marc

It’s about time. I’ve been stuck with the green card for a long time because I wasn’t inspired by any of the upgrade offers, didn’t want a credit check to switch my charge to a credit card, and didn’t want to lose my MR points. This new gold offer is one that will probably make sense for me to upgrade to, after 19 years as a green.

SounderTID
SounderTID

The AMEX Everyday still has the 25,000 incognito offer and the PRG has a 50,000 incognito offer with an annual fee waiver.

A couple options to consider with bonuses that may offset the credit report implications.

Parts Unknown
Parts Unknown

I have 9 Amex cards, they’ve pulled my credit twice. If you have a long standing relationship with them & a good credit score they hardly ever do a hard pull.

Jeremy
Jeremy

Get the Blue Business Plus, then you don’t need to maintain your green card for the points. Credit history is another matter.

millionairenextdoor
millionairenextdoor

The PRG earns some key bonus categories (gas, groceries, restaurants, flights) and has a $100 airline credit which I’ve turned into AA gift cards every year. So, it effectively has the same AF as the Green card but with way more benefits. With Amex offers, and random points Amex will give for Pay Over Time etc., the card can be basically free (it is for me).

VL
VL

19 years of Green AF? Why not EveryDay or Biz Blu Plus if you do not want a new account on your CR?

AllwaysLearning22
AllwaysLearning22

I could be wrong, but I think if you “switch product” there is no HP and you don’t really ‘close the card’ for credit history purposes.

Now, I believe ‘switching to a different product’ does not qualify you for the ‘regular’ bonus, but if you talk to a CSR on the phone they could offer some bonus specific to you.

Never hurts to ask IMO

Jared
Jared

Hopefully it will come with an increased sign up bonus as well to draw away some of the disgruntled Chase Sapphire cardholders. Of course, you would need to have not had the PRG card before so that most likely excludes most of not all of those Chase cardholders.

JS
JS

Just wonder who the “disgruntled Chase Sapphire cardholders” are. 😉

86
86

Considering my Freedom card’s 5% categories (maxed out) pay off the annual fee on the CSR (over and above the $300 dollars from the Freedom’s 5% categories), no problem here. Right now I tend to stay at hotels and eat at restaurants more than I fly, so the flexibility of earning points for hotel stays and using the CSR travel credit for hotels instead of airlines works better for me.

Credit
Credit

Off topic: Has anyone used Samsung pay at Simon mall? My Simon mail does not take mobile pay. It should take Samsung pay but the people in the booth still consider it as mobile pay and do not allow it. Is it a corporate policy or are the uninformed people in the information booth making up their own policy as they believe best.

I am not sure I could explain NFC etc to them and they would buy it

86
86

When I bought some gift cards at a local Simon Mall last year, they required I hand over my credit card and then took it into the back out of sight. After a few minutes, they came out and asked me how many cards I wanted.

I’ve also had problems with Chase when buying $500 gift cards through Google Pay – denying the purchase over and over even while speaking with a CSR during the purchase, but never when using the physical card (except for the occasional email fraud alert). Chase told me there’s a default deny security policy when the card is not present for larger purchases like these, until it’s reviewed and changed by higher level security.

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