The American Express Preferred Rewards Card is one of the best charge cards on the market that earns you valuable rewards for your spending.
Cardholders redeem their earned points through American Express' well known Membership Rewards program, to which cardholders have access for no additional fee. User of the card receive one (1) point for every dollar they spend on the card, and a bonus of 10,000 points if the spend at least $500 in the first three months of card ownership. Members can use these points immediately for cash or to save up for a free ticket on dozens of airlines to thousands of locations around the globe. In total there are more than 20 airline partners, thousands of hotels, vacation packages, cruise itineraries, and spa retreats - and that is just the tip of the ice berg. Users can also transder their points into one of 17 different frequent flyer programs, usually at a 1:1 ratio.
The points never expire and there is no limit to the amount of points that can be earned in a given calendar year.
There is an annual fee of $125, but it is waived for the first year of membership. Like other membership cards, this card comes with the usual travel, auto rental, luggage, and accident insurance.
Those who choose to apply for this card also get access to Gold Card Events, which allow access to hard-to-find concert and sports tickets, as well as shows theater, specialty restaurant events and more - often before the general public has access to them.
There is no pre-set spending or credit limit on the card - purchases are approved based on prior use history, credit ratings, and personal resources.
The card also provides fraud protection, return protection, extended warraties, and purchase protection similar to that offered with the Starwood Preferred Guest Card.
|
