I find myself in the dilemma of whether or not to keep the American Express Premier Rewards Gold card or not now that I have the EveryDay Preferred card.
VS
Premier Rewards Gold
This one is strong for big spenders, as spending over $30K triggers a bonus 15K Membership Rewards points. The earning structure for this one is:
- 3x on airfare
- 2x on gas and groceries
- 1x everywhere else
And the annual fee is $175.
EveryDay Preferred
This one is good for smaller spenders or those that make a lot of “everyday” transactions. I’m definitely in this category. Living in NYC, it’s easy to acquire the 30 transactions a month needed to trigger the 50% bonus this card gives. The earning structure on this one is:
- 3x at grocery stores
- 2x at gas stations
- 1x everywhere else
And the annual fee is $95.