Under the terms of this offer, you’ll receive 50,000 Membership Rewards bonus points when you spend $500 within the first three months of opening a new Premier Rewards Gold card account. In addition, the annual fee of $175 will be waived for the first two years of your membership. Other benefits of the card remain the same, including: earn 3x points on airfare, 2x points on gas and groceries and 1x points on everything else.

Note: According to SD, this offer appears to be targeted to Columbia 2011 and 2012 MBA students, so YMMV on receiving your bonus points.

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