Hi all, what are the main differences between the AMEX Gold and Rewards Plus Gold cards? I think the Rewards Plus has a higher annual fee of $150 per year and enrollment in Membership Rewards is free, but are there any other differences? Is the Rewards Plus card harder to get than the regular Gold Card? Thanks very much.
You also get up to 5 free additional cards, can borrow up to 10,000 MR points per year, get 2 points with purchases made with participating travel partners the first year, and 1.5 points after that, and get free baggage insurance of $1,250. Itâ??s a good cardâ??I used to have it.
How do you borrow rewards points? I heard that you can purchase these points and redeem them so is that how this works? I think it's a cool benefit to borrow points when you need them, but I'm still not sure how it works.
Steve, With the rewards plus gold card, you can borrow 10,000 points for FREE--there is no fee, that is the unique feature of the card--that is why it is called "Plus.". It is the ONLY card that will allow you to borrow points for free--all other charge cards assess a fee of $25 for every 1,000 points you borrow. Hope that answers your question.
Steve, to compare the cards, visit this link and click on the two cards to "compare these cards" http://www25.americanexpress.com/apply/jsp/fmac/i_know_which.jsp?0/20/b/2/0/130151522660/20/n&from=0
You can borrow up to 10,000 points per year, but how do you pay it back? Do you just stop earning rewards points for your next $10,000 worth of future purchases?
Yes, if you borrow 2,000 points (or wahtever), that means that all future spending you do on the card will be appropriated to reduce the balance to "0." If you cancel your card before the borrowed points have been "paid back," they will charge you 2 cents per every point borrowed.
