Overview
The Amex EveryDay Preferred Credit Card from American Express may be the single best card for earning transferable points (points that transfer to airline miles).
The card earns 3x points at US supermarkets on up to $6,000 per year in purchases (then 1x); 2x points at US gas stations; and 1x points on all other eligible purchases.
What really makes this card special, though, is that when you use the card 30 or more times in a billing period, you get 50% more points. In other words, in every billing period in which you use the card 30 or more times, you earn the following points per dollar:
- 4.5 points per dollar at U.S. Supermarkets, up to $6K spend per year (then the rate drops to 1.5X)
- 3 points per dollar at US standalone gas stations
- 1.5X points per dollar on all other eligible purchases.
As I showed in the post "Best credit card combos: Membership Rewards," an average person (see assumptions in the post) can earn, on average, 2.33 points per dollar!
Membership Rewards points earned with this card are transferable to many airline programs and can be pooled with points earned on other Membership Rewards cards such as Platinum, Gold, and Green cards. One particularly good use is to pool points with the Business Platinum Card so that you can use points to buy airfare at a value of approximately 1.5 cents per point.
Rewards
| Amex Membership Rewards points can be incredibly valuable if you know how to use them. In general, if you use Membership Rewards points to pay for merchandise or travel, you won't get good value from your points. One exception is with the Business Platinum card where you'll get a 35% point rebate when using points to book certain flights. This gives you approximately 1.5 cents per point value, which is pretty good. Another exception is with the Business Gold Card where you'll get a 25% point rebate when using points to book certain flights. This gives you approximately 1.33 cents per point value. If you don't have either card, then your best bet is to transfer points to airline miles in order to book high value awards. More details can be found here: Amex Membership Rewards Complete Guide. |
Application Tips
Amex Application Tips
- Safe to Apply: Amex is the safest bank for trying your luck at earning a new welcome bonus offer. They don’t usually issue a hard pull when denying your application, and if you already have an Amex card, they won't usually issue a hard pull when approved for another one. Plus, they’ll now warn you during the application process if you’re not eligible for the bonus.
- Lifetime Rule: If you've ever had the same card before, you are most likely prohibited from earning a welcome bonus offer for the card if you apply now. Fortunately you'll be warned during the application process if this is the case. Amex is known to "forget" that you've had a card after about 7 years.
- 90 Day Rule: You can get at most two credit cards within 90 days. This rule does not apply to Pay Over Time (charge) cards.
- 5 credit card max: Amex usually won't approve applications for new credit cards if you already have 5 or more Amex credit cards or 10 or more charge cards.
- Better Offers: You may be able to get a better offer than the best available public offer. Details here.
- Hard inquiries combine into 1 when approved same day
Check application status here.
If denied, call reconsideration: 877-399-3083 (new accountholders); 866-314-0237 (current accountholders)
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How to Meet Spend Requirements
In order to meet minimum spend requirements, people often look for options to increase spend in ways that result in getting their money back. These techniques are referred to as "manufacturing spend". American Express has terms in their welcome offers that exclude some manufactured spend techniques from counting towards the minimum spend requirements for the welcome bonus offer. For example, most new cardmember bonuses have terms like this:
Eligible purchases to meet the Threshold Amount do NOT include fees or interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, purchases of gift cards, person-to-person payments, or purchases of other cash equivalents.
That said, many techniques for meeting minimum spend are perfectly fine. Here are some techniques that are safe for meeting Amex minimum spend requirements (click each link for more information):
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Related Cards (Membership Rewards)
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The Business Platinum Card® from American Express Alternate offer: There have been some incredible targeted offers. Some have received a mailer for us many as 250K points after $30K in elgibile purchases in the first six months (See this post for more detail). Others people are targeted for an online offer of 160K total points: 150K after $15K spend in the first 3 months + 10K when you add an employee card at the time of application and spend $1K on the employee card in the first 3 months. See if you are targeted here. Recent better offer: 150K after $20K Spend (Targeted) |
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American Express® Business Gold Card Alternate offer: Some are targeted for an offer of 130K points after $10K in purchases in the first 3 months. You can see this post for more details Targeted Business Gold offer for 130K (Highly YMMV) Recent better offer: 70K points + up to $300 in statement credits: 70K points after $10K spend in 3 months + up to $150 in statement credits for US shipping purchases and up to $150 in statement credits US advertising purchases. [Expired 4/7/21] |
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VPN to NY and you’ll see the 30k offer…
[…] spent $79.99 on each card with the above deal and I’ve scheduled daily Amazon reloads with my Everyday Preferred card in order to polish off this deal on that card (and to ensure hitting the 30 charges per billing […]
[…] Everyday Preferred ($95 annual fee): 3x points at US supermarkets on up to $6,000 per year in purchases (then 1x); 2x points at US gas stations; 1x points on other purchases. Earn 50% more points: Use your Card 30 or more times per billing period to get 50% more points: 4.5X grocery (1.5X after $6K spend), 3X gas, 1.5X everywhere else. […]
card is up to 30k now in incognito mode!
[…] Express Gold 4X (up to $25K per year, then 1X) EveryDay Preferred Up to 4.5X* (max $6K per […]
[…] Express Gold 4X (up to $25K per year, then 1X) EveryDay Preferred Up to 4.5X* (max $6K per […]
[…] $5K or more on that card plus an extra 1x from this promo). The same thing goes for those with an Everyday Preferred card — if you make 30 or more purchases in a billing cycle, you’ll only earn an extra […]
[…] Amex EveryDay Preferred: Offers 3 points per dollar at US grocery stores (up to $6,000 annually) plus a 50% bonus each billing period in which you make 30 or more purchases. […]
[…] American Express Everyday Preferred […]