Premier Rewards American Express Card

Who is the Premium Awards American Express Card for?

If you’re the kind of person that lives a lavish lifestyle and is looking for a card that rewards you for living that lavish lifestyle, look no further than the Premium Awards Express Card. Although It is a little pricey due to the annual fees, the many benefits this card has to offer make this card hard to turn down.

With a rewards program that redeems dining, airfare, cash back, and more, this card offers every redemption a card owner could dream for. In addition, the rewards points can be awarded for anything from 1x - 4x the points per each dollar spent. The benefits that come with this card are unmatched with tons of security plus premium features when booking with select partners.

As a premium offering by American Express and People’s United Bank, this is the card for those who want to earn the maximum return possible on all their expenses: the frequent diners, travelers, mileage users, and all else in between. This card is for the luxuries in life that we all want.

Rewards Rate

There are only a few cards out there that can ever boast giving 4x cash back on each dollar spent on dining; this card happens to be one of them. Each time you go out for a nice meal, you’ll receive 4x the bonus points for whatever you pay.

In addition, all air travel is 3x bonus points. If you just had a really long flight and all you wanted to do was get a drink at the bar or grab a quick meal before heading back home, you get the most rewards points any card has to offer. Dining and air travel are two of the easiest ways to rack up redemption points so you can get the most rewards back as quickly as possible.

All cardholders of this card will also receive an additional 2x the bonus points for each dollar spent on gas stations. For those who travel by road more than air, this is extremely worth it. The gas bill should be a little less of a nuisance when you realize you get back 2x the points.

Finally, all other cash back options are subject to 1x the rewards points. This means that this card is able to earn anywhere between 4x-1x redemption points for each dollar spent on this card. Some of which can be redeemed through cash back, air travel, dining, gift cards, merchandise, and many more. Truly, this card is grade A for all redemptions points being offered.

Benefits and Credits

Like most premium travel credit cards, this one offers inconvenience insurance, providing reimbursements due to a travel accident or travel inconvenience caused by lost or damaged baggage. In addition, this card offers access to a luxury hotel program. Those who have this card will have access to complimentary amenities. These amenities are of course hand-selected collections of nearly 1,000 hotel properties around the world. If some were to take advantage of exclusive offerings, there could be up to 20% off the lowest available non-restricted rates at select properties. To top off it all off, this card comes with entertainment access. You are able to purchase tickets to popular events before the general public, so long as you remain a holder of this card.

Tip: If you had ever wanted to get your dream vacation started, this would be the card to do it with. All the benefits and premium offerings will get cardholders whatever they need, whenever they need it at a fraction of the costs. All you need to do is sign up and spend like you normally would.

Just like how most other credit cards have adapted to chip technology to prevent theft, this card is no different. This feature will help protect against fraud and other mischievous transactions. Another great feature this card offers is the Zero fraud liability. Cardholders are not liable for fraudulent purchases when a card is lost or stolen. 

Another great benefit this card has is an extra card for no additional cost. You can add an extra authorized user to your card to earn even more points together. This should especially come in handy when you realize attaining this card also means never having to worry about any capped or limited points. Points will remain redeemable for five years and there is no need to worry about redemptions. 

Welcome Bonus

After spending $1,000 dollars in the first three months of account opening, you will receive 10,000 bonus points. This can be redeemed in any number of ways from cash back to redemption of flight miles, hotel nights, gift cards, and much more.

Annual Fee

While there is no annual fee in the first year of signing, there is a $99 annual fee for all subsequent years. In our opinion, all the benefits this card offers far outweigh the $99 cost. 

Conclusion

This card has so many benefits that far outweigh the downsides it makes. It is no brainer to have this card. However, with the higher fees taken into consideration, it may be too out high for some price ranges. Therefore, I would recommend that those who make an income of higher than $65,000 a year or travel frequently mainly apply for this card.