Comments on: New Amex EveryDay Cards Make It Easier to Earn Membership Rewards

By: Bob

Bob — Sun, 30 Mar 2014 03:17:00 +0000

But with the new Amex Preferred you can get 3X or 4.5X (if you get the 50% bonus). Would you switch now?

By: thefrugalweds

thefrugalweds — Fri, 14 Mar 2014 21:00:00 +0000

That 50% monthly bonus is definitely intriguing. We were about to get the Blue Cash Preferred but we may have to rethink this…

By: Scottrick

Scottrick — Wed, 12 Mar 2014 22:13:00 +0000

In reply to Carly. The difference is that Blue earns single points on most purchases and double points on select travel purchases. When I said that the EveryDay and EveryDay Preferred cards are similar to Blue Cash, I meant that the category bonuses and limits are similar.

By: Carly

Carly — Wed, 12 Mar 2014 21:58:00 +0000

It sounds very similar to their current Blue card offering, which already utilizes Membership Rewards (Express): https://www304.americanexpress.com/credit-card/blue/ Sounds like with the new EveryDay cards, though, you’ll be able to transfer points between MR and airline programs? The Blue card has no annual fee, but doesn’t provide any point bonuses and doesn’t allow you to transfer points between MR and airline programs. Sounds like an intriguing new Amex offering.

By: Scottrick

Scottrick — Wed, 12 Mar 2014 13:16:00 +0000

In reply to Levy Flight.

If you don’t care about the sign-up bonus, ask the rep if it’s possible to downgrade your existing card without applying for a new one.

If you do want the sign-up bonus, then it would be wise to apply for the new card before closing the first one. All cards that earn Membership Rewards credit to the same Membership Rewards account. If you close the only card that’s earning Membership Rewards, there’s a risk you’ll lose those points already earned.

Amex has also been known to offer grace periods before closing Membership Rewards accounts or to reactivate balances when you apply for a new card that starts earning them again. Frankly, I’d play it safe and just apply for the new card first.

By: Levy Flight

Levy Flight — Wed, 12 Mar 2014 12:10:00 +0000

Hi Scott – i have a Amex Gold and hace been considering closing because of high fees. Can I open one of these and merge/ transfer the MR points? Do I need to open this one first, if so? I’ve been looking for an every day card. Thanks.