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Double down: Why it makes sense to get the Amex EveryDay Preferred and Amex Platinum

Sept. 22, 2021
7 min read
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While lucrative credit card welcome bonuses are top of mind here at TPG, it's the everyday spending categories that can really help you accumulate points over time. Think: Groceries, gas, dining and more.

Not every card will earn rich rewards in every bonus category. That's why it's important to consider cards that complement each other. Today, we'll take a look at two Amex Membership Rewards-earning cards that may be worth doubling down on: The Platinum Card® from American Express and the Amex EveryDay® Preferred Credit Card.

Here is why these two cards can make an ideal pairing.

The information for the Amex EveryDay Preferred Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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One-two punch of earnings

Earn 5x on flight purchases with the Amex Platinum. (Photo by Chris Dong/The Points Guy)

The Amex Platinum card is a travel-focused card, earning 5x points on flights directly with airlines or through Amex Travel, on up to $500,000 per calendar year, and on prepaid hotel reservations made through Amex Travel. It earns 1x on all other eligible purchases.

Meanwhile, if you add the Amex EveryDay Preferred to the mix, you can earn 3x at U.S. supermarkets (up to $6,000 in purchases per year; then 1x), 2x at U.S. gas stations, and 1x on all other eligible purchases. Those are everyday categories that you'll spend regularly, whether at home or on the road.

You can supercharge your Amex EveryDay Preferred earnings by making 30 purchases in a billing period. (Photo by d3sign/Getty Images)

But it gets even better if you use the Amex EveryDay Preferred often.

If you use the card to make 30 or more purchases in a billing period, you’ll get 50% extra points on all those purchases (less returns and credits). So if you can hit that threshold, your earning rates will essentially jump to 4.5 points per dollar for U.S. supermarkets, 3 points per dollar at gas stations, and 1.5 points per dollar on everything else. That's pretty excellent for a card with only a $95 annual fee.

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Together, with both the Amex EveryDay Preferred and Amex Platinum in hand, you'll earn the following:

  • 5x points on flights directly with airlines or through Amex Travel, on up to $500,000 per calendar year
  • 5x on prepaid hotel reservations made through Amex Travel
  • Up to 4.5x at U.S. supermarkets (up to $6,000 in purchases per year; then 1x)*
  • Up to 3x at U.S. gas stations*
  • Up to 1.5x on all other eligible purchases*

*Must make 30 purchases or more in a billing period.

Premium travel perks

Centurion Lounge LGA. (Photo by Zach Griff/The Points Guy)

The Amex Platinum card charges a hefty annual fee of $695 (see rates and fees), but it also comes with a robust list of travel and lifestyle perks that are unmatched by any other card.

Those value-added benefits make it worthy of consideration for your card arsenal, especially if your only other card is more for day-to-day purchases, like the EveryDay Preferred is.

Here's a sampling of some of the top benefits:

  • Up to a $200 annual hotel credit, in the form of a statement credit, on prepaid Amex Fine Hotels and Resorts or The Hotel Collection (requires a minimum two-night stay) bookings with Amex Travel when you pay with your Amex Platinum.
  • Up to a $189 annual Clear credit to cover your annual membership.
  • Up to $240 annual digital entertainment credit, in the form of $20 in monthly statement credits when you pay for eligible purchases with the Amex Platinum on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, Sirius XM, and The New York Times.*
  • Up to $300 annual Equinox credit, in the form of $25 in monthly statement credits on select Equinox memberships of Equinox+ app.*
  • Up to $200 in statement credits annually for incidental fees charged by one airline you select.*
  • Uber VIP status and up to $200 in Uber Cash, split into monthly $15 credits for U.S. rides plus a $20 bonus in December.*
  • Up to a $100 statement credit for Global Entry every four years or an $85 fee credit for TSA PreCheck every 4 1/2 years (depending on which application fee is charged to your card first).
  • Access to the American Express Global Lounge Collection, including Centurion Lounges, Priority Pass lounges, Airspace lounges, Escape lounges, and Delta Sky Clubs (when traveling on same-day Delta flights).
  • Complimentary Gold status with Hilton Honors and Marriott Bonvoy.
  • Complimentary memberships in Hertz Gold Plus Rewards, Avis Preferred, and National Car Rental Emerald Club Executive.
  • Access to Amex Fine Hotels and Resorts and The Hotel Collection.

*Enrollment required for select benefits.

As you can see, the real reason to get this card is all those valuable benefits, while for earning purposes on non-flight spending, you will want to stick to the Amex EveryDay Preferred, not least of all because you need to make 30 transactions or more per billing period to ensure that potentially lucrative 50% points bonus.

Related: Full review and perks of the Amex Platinum card

One Membership Rewards account

Amex makes it easy to redeem your points. Unlike other issuers, Amex automatically combines your Membership Rewards points into one account, no matter how many points-earning cards you have. That makes it easy to earn Membership Rewards points across multiple accounts and combine your rewards balances when you're ready to redeem them.

In addition, doubling down on one currency may be beneficial, especially if you're looking to transfer points to an airline or hotel partner in the shorter term and need to ramp up your earning by using more than one rewards card.

Bottom line

While it's important to diversify your credit card and points portfolio for the long haul, sometimes it's a good idea to double down on a specific currency, such as Amex Membership Rewards points.

This is especially true if you're looking to maximize welcome or transfer bonuses and/or have a particular travel redemption in mind. By combining a dynamic duo like The Platinum Card® from American Express and the Amex EveryDay® Preferred Credit Card, you'll receive exclusive travel perks and strong earning rates on all your everyday purchases.

Official application link: The Platinum Card from American Express

For rates and fees of the Amex Platinum, please click here.

Featured image by (Photo by Zach Griff/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023