Sustainability of the EveryDay

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Re: Sustainability of the EveryDay

Postby nowipaco » Fri Oct 16, 2015 11:39 am

CarefulBuilder14 wrote:If 2% cash cards are sustainable, I don't see why ED can't be.

I don't see it as "too good of a deal", considering that (I believe) a lot of people like to transfer directly to Delta for simplicity (or bag/status perks). Delta miles usually aren't that valuable. Avios are.

Green is just a remarkably bad (prime) card, and not a good comparison candidate to determine what is a great one.

In my own opinion, there have to be a ton of people paying interest to Citi on their Double Cash card. MasterCard charges a 2% swipe fee on their cards, and if Citi is giving people 2% cash back with no annual fee, then Citi has be approving a lot of people that will carry balances to make this thing a profitable investment.

AmEx ED: $4500 (02/15)
AmEx PRG: NPSL (02/15)
AmEx SPG: $2000 (06/15)
Capital One QS: $3250 (02/13)
Marriott: $5000 (01/16)
Ritz Carlton: $13,500 (09/15)
TCL: $34,750 (Some not shown above)

22 y/o student

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