Amex is giving out 25,000 Membership Rewards Points for $175…Here’s How.

My annual fee on my American Express Premier Rewards Gold card recently came due, and I was reluctant to see the $175 fee post on my account.

dad65191d4e6a3296c58f5d2594b4b67

I do enjoy using this card for the 3x points it provides on airfare, 2x on gas and 2x on groceries. I’ve used it religiously this year, and have gone well above the spending threshold to receive the 15,000 bonus Membership Rewards points, which are now going away.

Seeing as how I’ll no longer be able to receive the 15,000 point bonus for next year, it didn’t make much sense to keep a card with a $175 annual fee, since I also have an Amex Everyday Preferred card which earns 3x the points on grocery store purchases, 2x on gas stations and receives a 50% point bonus on all purchases when I make 30 or more transactions a month, and only has a $95 annual fee.

I called American Express, and was transferred to their “loyalty department,” which I think is just a fancy way of saying their retention department. I told the representative I wasn’t pleased that they had removed the 15K bonus, but she told me that many cardmembers weren’t using it, so it wasn’t beneficial. It seems silly to me they would remove such a benefit if people weren’t using it; in my opinion, I think too many people were using it, and thats why it was removed.

In any event, I asked her about canceling my card, in anticipating she’d come back with some sort of retention offer. She did.

  • I could receive a $150 statement credit: $75 instantly, and another $75 after spending $1,000 in the next month.
  • I could receive a 25,000 Membership Rewards points bonus, but would need to pay the annual fee.
READ MORE  Should I apply for the "Old" Amex Blue Cash card?

Admittedly, I did try to bargain them to pay no annual fee, and also receive the points bonus, but upon repeated calls and no one willing to do it, I “succumbed” and took the 25,000 points bonus.

Here’s why I took it:

  • 25,000 points more than offsets the annual fee, if I were to transfer it to cash back (which I won’t, and I don’t recommend anyone doing).
  • 25,000 points, when used advantageously, could be worth several thousands of dollars. Take for example a one-way Aer Lingus business class flight from Boston to Dublin.

I was told the point bonus would only be for this year, and I’d have to call back again next year to see if there would be another bonus. In addition, it appears that 25,000 points is the highest retention offer they’ll give on this card, and it is primarily determined by how much you spent on the Premier Rewards Gold card. The bonus is targeted at those who used the 15,000 point bonus each year, with the extra 10,000 being offered as the true “retention offer.”

So, I’ll have to pay my annual fee of $175, but in return, I’ll receive a nice hefty 25,000 point bonus. So, this begs the question of whether I should continue my spending patter on this card for this year, and whether this bonus will come again next year.

Here are the major benefits of the Premier Rewards Gold, over the Amex Everyday Preferred:

  • You earn 3x the points on airfare.
  • There is no points earning cap (where there is a cap of spend go $6,000 on groceries for the Everyday Preferred).
  • It’s a charge card, so there’s no credit limit, and no spending utilization is reported to the credit bureaus.
READ MORE  Free Credit Score Check with Credit Sesame

While there are more lucrative every day spending cards out there, I want to keep my go-to running errands, food shopping, etc., card to an American Express, since I value their customer service, and I think they stand behind their product enough where it is worthwhile.

Have you received a retention offer on your American Express Premier Rewards Gold card?

 

Find those elusive Awards & Upgrades - Find Flight Availability, Flight Upgrades & Awards, Frequent Flyer Information and more with ExpertFlyer.com

Looking for the best way to earn miles and points quickly? Visit the "Credit Cards" drop down on the main menu bar above for the hottest deals! Want to learn more and stay up to date on the latest tips, tricks and deals? Join My Travel Tips Facebook Page!   This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Comments

  1. texquill says

    I had the Premier Awards Business Gold card for two years, and used it primarily for gasoline purchases, enjoying the 2X bump, but I didn’t qualify for the 15,000 point bonus.

    I called to cancel when the $175 fee showed up. I was transferred to retention and received an extraordinarily powerful (borderline rude) hard sell to keep the card; however, when I asked for consideration (fee reduction or points), my request was ignored – just more hard sell. I’ve been an Amex cardholder since the late ’70s, so I was amazed by the aggressive sales tactics. I finally told them to just cancel the card, then I called back and spoke with a supervisor regarding the retention tactics.

  2. A says

    I just cancelled my PRG after hitting the $30k 15kMR bonus. I only had the card for one year and they offered nothing when I cancelled; they were rude and told me that I didn’t pay the annual fee for the first year. In addition to no retention offer I went around and around with Amex over getting the signup bonus of 25kMR. In the end they refused to give me the signup bonus beacuse I had an existing SPG Amex and they believed the T&Cs excluded me (I’ve never had the PRG or anyother Amex charge card). I really want the SPG Card to go to another bank so I can officially walk away from Amex.

  3. Myra Beck says

    Just wanted to echo the same rude treatment by AMEX. And I even told them so during the last of several repeated attempts. The key point is that at no point during any of the calls was I told that my business was valued. Haven’t used any of my open AMEX accounts since.

  4. choi says

    I would ditch the 25k bonus and not even pay $175, instead go over to the Citi branch and apply the 60k prestige. even with the higher annuel fee, you get 60k and Club Lounge, along with bonus categories that matched Amex Gold and Platinum. two birds with one stone.

Leave a Reply

Your email address will not be published. Required fields are marked *