American Express currently has a public offer going on for their Premier Rewards Gold card that’s offering 50,000 points after $1,000 in spending within the first 3 months. The annual fee is $0 then $175. (This will change on June 1st. More info below.)
This offer isn’t quite as good as the Amex PRG Business 75,000 points offer that I was approved for back in December. However, that offer also required $10,000 in spending. Unless you’re into manufactured spending, that spending requirement is pretty steep.
Should you apply for the Amex PRG 50,000 points offer?
Remember that you can only receive a sign-up bonus once per card per lifetime with American Express. Typically the sign-up offer on the PRG card is for 25,000 points. Now that the sign-up offer has doubled, I think it’s a great time to apply if you’ve never had this card before!
Before you make the decision to apply, you can always check for better sign-up offers by following these instructions. You may have an offer that is targeted just for you.
If you’re still holding out for a better sign-up bonus, you could end up waiting a long time and miss the 50,000 Membership Rewards points. In my opinion, any time American Express has a 50,000 or 75,000 points offer going on, it’s worth pulling the trigger.
Changes come June 1, 2015
Starting on June 1, 2015, American Express is going to implement changes to their PRG card. I think the changes are positive, even though there is an increase in the annual fee by $20. In the end, the annual fee will end up only being $95 per year since card holders will receive $100 a year in travel credit. This puts the PRG into perspective with the Chase Sapphire Preferred.
Now that the Amex PRG earns 2x points on dining and there’s no foreign transaction fees, American Express is going after Chase’s Sapphire Preferred card holders.
What can you get with 50,000 Membership Rewards points?
You could transfer your 50,000 Membership Reward points to the following programs:
- Delta – 50,000 SkyMiles could earn you roughly 2 round-trip domestic tickets. Remember to check availability ahead of time on Delta.com. Sometimes it can be hard to find round-trip tickets for 25,000 SkyMiles.
- British Airways Avios – If your flight is under 1,150 miles each way, you can book a round-trip ticket for only 15,000 Avios! This means you could possible squeeze 3 round-trip tickets out of a 50,000 Amex PRG sign-up offer. Click here to read more on this.
- Aeroplan – Want to fly United airlines? Yup, you can transfer your Membership Rewards points to Aeroplan and book a United flight even though United airlines is not a direct transfer partner with the American Express Membership Rewards program. Here’s more info on how to book a United flight with Membership Rewards.
As a reminder: I do not receive any commission if you apply for this card. I ONLY recommend sign-up bonuses that I think are worth your time. Click here to apply for the American Express PRG 50,000 points offer.