When considering a credit card, it is essential to determine which card will provide maximum benefits. Some credit cards have rotating categories which force a cardholder to think strategically about the use of their plastic, and some credit cards have fixed categories which are easily determined as a lifestyle fit or not. Premier Rewards Gold Card from American Express (American Express is a Cardratings.com advertiser) is an example of a card that has outlined rewards which benefit nearly anyone’s lifestyle. 2x points for shopping at US grocery stores is an attractive rate, and 3x points for travel booked directly with airlines can go a long way for those who travel frequently and want to benefit from travel rewards and yet not be tied down to a single airline.
The Premier Rewards Gold Card from American Express also makes “incidental” airline fees a little easier to swallow, too. American Express will pay up to $100 a year in statement credits when you are charged things like baggage fees, in-flight refreshments, flight-change fees and more.
The 25,000 bonus for spending $2,000 in the first 3 months is an obvious draw, but the 3X points for airfare purchases and the 2X points for life essentials like gasoline and food make this card stand out. Not many credit cards on the market offer a high-ongoing rewards rate for both grocery and restaurant purchases.Does this sound like a familiar story: Flying to a destination, driving a rental car during the trip, and eating out each day. If the answer is yes, how are you using your credit card to reward yourself? Are you someone that likes to add a little sugar on top of your travel? This travel rewards card doesn’t limit your rewards redemption to travel purchases . Your points can be applied to:
Keep in mind, the Premier Rewards Gold Card from American Express is a charge card. The benefit is, you won’t incur interest, but if you don’t pay your balance in full each month the late fees will become daunting. The terms: late fees are $37 or 2.99% of the past due amount, whichever is greater so, if you have a $2,000 unpaid balance, you’ll owe an additional $60. Consider the fairly steep $195 annual fee that kicks in after the first year, too. There are competitor cards on the market with lower annual fees.
Capital One® VentureOne® Rewards Credit Card offers 20,000 bonus miles for spending $1,000 in the first 3 months. So, you get 5,000 less miles than the Premier Rewards® Gold Card but you can spend $1,000 less in the same time period.We like the Capital One® VentureOne® Rewards Credit Card annual fee: $0. And there's a generous 0% APR until 12 months associated with the offer, too. But you get what you pay for. The rewards for Capital One® VentureOne® — 1.25X points on all purchases — fall short of the rewards offered by the Premier Rewards® Gold Card.Our take: American Express pulls ahead, if you plan to spend a lot, and have the means to pay your balance off each month.
The Citi ThankYou® Premier Card welcomes you with 40,000 bonus ThankYou Points after $3,000 in purchases within the first 3 months of account opening. There is a $95 annual fee tacked on to the ThankYou® Premier, which is $100 less than the Premier Rewards® Gold Card from American Express’s fee. But the $100 savings also gives you 1X less rewards on grocery and gas purchases. Here's Citi's reward program:
Not bad, Citi. Not bad.
If you like charitable giving, the U.S. Bank FlexPerks® credit card may perk you up. It offers 3X points on purchases made at qualifying charitable and social service organizations if you are a Select cardholder and 1.5X points if you are a regular cardholder. Some other interesting features:
•2X points on the category you spend the most on (gas, groceries or airline) and most cell phone expenses during each billing cycle.
•0% APR on purchases and balance transfers the first year
•20,000 points if you spend $3,500 in the first 4 months (most reward credit card offers have a 3-month deadline)
We like the Premier Rewards Gold Card from American Express in the hands of someone with a steady paycheck and predictable monthly expenses. Simply because, we don't want to see consumers get dinged with the late fees when they had felt some comfort in the "no interest charges" feature of this American Express card.We see this card as friendly to people who like to travel. Because redeeming points can be done across a wide range of fun purchases, like tickets to Ticketmaster® and Telecharge.com events you can easily set up an epic trip of eating out, entertainment and hotel perks by using this card strategically.