- Centurion Member
- Posts: 4042
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
I have three Amex cards:
Blue Cash Everyday (no AF)
EveryDay Preferred ($95 AF)
Premier Rewards Gold ($175 AF this year, $195 next year)
In terms of earning ordinary rewards, EDP is the MR heavyweight. PRG reigns in the airfare category and has some little extras, but it and BCE are mostly just for offers and credits.
I decided I'd keep close track of the credits I get, and see how long it takes to offset each AF. I welcome others to post their results, if they want.
A few rules, though:
Try to identify not just the nominal value of the offer, but also the economic value to you. For example: Say you get an offer of "Spend $50, get $10 back" at Merchant A you can easily use, but you can get an identical (or very similar) good or service at Merchant B for $45 with no particular inconvenience. In that case, the offer would only really count for $5 of value (since $40 is only $5 less than $45).
If an offer ends up nominally saving you $15, but a different (*non-Amex*) card you'd happily use could have saved you $10, then only count $5 of economic value.
Similarly, if using an offer involves a little inconvenience or is for something you might not otherwise get, then show a reduced economic value.
While it would be nice to offset the AFs on both EDP and PRG with their respective credits, I won't consider it a failure if I don't. Between signup bonuses and earned MRs, I know I'm in good shape. It would just be kind of neat to have the offer values exceed the AFs.
I'll crunch the numbers for my cards tomorrow, but examples would be:
EDP. Ticketmaster Amex Checkout. $10 nominal, $10 economic. (No discount, since I needed tickets and was going to use EDP, anyway.)
EDP. Sam's Club $20 off $20+. $20 nominal, $15 economic. (I got some stuff online I could have gotten at Costco for slightly less and without a shipping fee.)
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech