One Year of Amazon Prime with Amex Everyday Cards
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Earlier this year American Express launched two new cards which were the American Express EveryDay Credit Card and the American Express EveryDay Preferred Credit Card. What’s great about both of these cards is that they earn full Membership Rewards points and have the potential to earn 20-50% bonuses on everyday purchases (hence the name) if you used them on a certain amount of transactions per month. In addition to the high points earning, these cards now both come with one year of Amazon Prime.
Here are the details on each card:.
The Amex EveryDay Credit Card from American Express (No Annual Fee)
The Amex EveryDay Preferred Credit Card from American Express ($95 annual fee)
What’s great is that these are the first two consumer credit cards from Amex that earn full Membership Rewards points – meaning they’re the kind like you earn with the Premier Rewards Gold or Platinum cards that you can transfer to the program’s travel partners rather than just Membership Rewards Express points which you can just redeem for merchandise and cash back. The other cards that earn full MR points are all charge cards, meaning you have to pay them off in full each month or incur huge fees, while these new cards are traditional credit cards, meaning you have the flexibility to pay off over time if needed with fewer fees.
The Amex Everyday basic version has no annual fee, which is a first for a full Membership Rewards earning card, and the preferred version is $95, which is more in line with competitors like Chase Sapphire Preferred ($95, waived the first year) and Barclaycard Arrival ($89, waived the first year).
Where these cards really get interesting, though is in their transaction threshold bonuses. With the basic card, you earn 20% bonus points on all purchases when you make 20 or more transactions in a billing period and with the EveryDay Preferred, you get a 50% bonus when you make 30+ transactions in a billing period. That could equate to some serious earning potential.
I value Amex Membership Rewards points at about 2 cents apiece thanks to being able to transfer them to dozens of partners as well as using Pay With Points to book travel – so on the basic card, you’re earning between 1-2.4x points per $1 on purchases (so a 2-4.8% return on spending for me) while with the Preferred card, you’re earning between 1-4.5x points per $1, so you’re getting 2-9% return on spending in my opinion. If you were thinking of getting either of these cards, the added bonus of the first year of Amazon Prime could be a great reason to either now.
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