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UPDATE: The offers for the Amex EveryDay and Blue Cash cards are currently expired. You can find the best current offers here.
The funny thing is that they seem to be the best Membership Rewards cards almost by accident. Their marketing was focused around the lives of busy moms (with Tina Fey as their spokesperson), with a focus more on cash and merchandise redemptions than Membership Rewards travel redemptions.
But the cards are a blessing for us points collectors, as they’ve introduced two firsts:
- A card that accrues “premium” Membership Rewards points without an annual fee
- A card that accrues more than one Membership Rewards point per dollar spent on everyday purchases (assuming you make a minimum number of purchases per month)
Amex EveryDay card benefits
For those of you not familiar with the card benefits, here they are:
Amex EveryDay Credit Card
- Annual fee: $0
- Sign-up bonus: 10,000 Membership Rewards points after spending $1,000 within 90 days
- Earnings rates: 2x Membership Rewards points per dollar spent at U.S. supermarkets, for up to $6,000 per year of spend; 1x Membership Rewards point per dollar spent on all other purchases
- Spending bonus: If you use the card to make 20 or more purchases during a billing cycle you earn 20% extra points on all those purchases
Amex EveryDay Preferred Credit Card
- Annual fee: $95
- Sign-up bonus: 15,000 Membership Rewards points after spending $1,000 within 90 days
- Earnings rates: 3x Membership Rewards points per dollar spent at U.S. supermarkets, for up to $6,000 per year of spend; 2x Membership Rewards points per dollar at U.S. standalone gas stations; 1x Membership Rewards point per dollar spent on all other purchases
- Spending bonus: If you use the card to make 30 or more purchases during a billing cycle you earn 50% extra points on all those purchases
The sign-up bonuses aren’t huge, but what makes these cards so awesome is how lucrative they are for everyday spend.
Assuming you make at least 30 purchases during each billing cycle on the Amex EveryDay Preferred, you’re earning:
- 4.5x Membership Rewards points per dollar spent at supermarkets (up to $6,000 per year)
- 3x Membership Rewards points per dollar spent at gas stations
- 1.5x Membership Rewards points per dollar spent on everyday purchases
That’s a return that’s tough to beat for a card with a $95 annual fee.
Now with Amazon Prime
The cards are valuable in and of themselves, though if you want a little something to sweeten the value proposition of acquiring the card even further, American Express has an offer just in time for the holidays.
Amazon Prime offers unlimited free two-day shipping, unlimited instant streaming of movies and TV shows, ad-free access to more than a million songs, and a Kindle book to borrow for free each month from the Kindle Owners’ Lending Library.
I think almost everyone should have one of these cards in their wallet. Which makes more sense depends entirely on your spending patterns (for big spenders the $95 annual fee version is more than worth it, while for those that don’t spend as much, the no annual fee version is probably the better option).
Earning a minimum of 1.3-1.5 Membership Rewards points per dollar spent is tough to beat, and among the best return you’ll get on everyday spend. And that doesn’t even factor in the bonus categories.
You’ll be flying Singapore Suites in no time!
Singapore Airlines Suites Class A380