[New Product] AMEX Everyday & AMEX Everyday Preferred

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travisrauh
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[New Product] AMEX Everyday & AMEX Everyday Preferred

Postby travisrauh » Sat Mar 01, 2014 11:36 pm

Well it looks like the cat's been let out of the bag on some other blogs and websites - be on the lookout for the official announcement commercial during tonight's Academy Awards! ;)

Image


AMEX Everyday Credit Card

  • Sign-up bonus: 10,000 Membership Rewards points when you spend $1,000 within 92 days.
  • Earning: Earn 2x Membership Rewards points at U.S. supermarkets (not including warehouse stores like Costco), on up to $6,000 per year on purchases (then 1x); and 1x points on all other purchases.
  • Spending Bonus: Use the Card to make 20 or more purchases in a billing period and earn 20% extra points on all those purchases less returns and credits.
  • App: A digital counter in the Amex Mobile app helps keep track of each qualifying purchase for the bonus, so Card Members always know when they’re close to earning 20% extra Membership Rewards points.
  • Other features: The Card will also come with smart chip technology and a 0% introductory rate on purchases and balance transfers for the first 15 months.

AMEX Everyday Preferred Credit Card

  • Sign-up bonus: 15,000 Membership Rewards points when you spend $1,000 within 92 days.
  • Earning: Earn 3x Membership Rewards points at U.S. supermarkets (not including warehouse stores like Costco), on up to $6,000 per year on purchases (then 1x); 2x on US standalone gas stations; and 1x points on all other purchases.
  • Spending Bonus: Use the Card to make 30 or more purchases in a billing period and earn 50% extra points on all those purchases less returns and credits.
  • App: A digital counter in the Amex Mobile app helps keep track of each qualifying purchase for the bonus, so Card Members always know when they’re close to earning 50% extra Membership Rewards points.
  • Other features: The Card will also come with smart chip technology and a 0% introductory rate on purchases and balance transfers for the first 15 months.
  • Annual fee: $95

Membership Rewards Classic

  • The AMEX Everyday and AMEX Everyday Preferred participate on the Membership Rewards Classic tier, as opposed to Membership Rewards Express like Blue from American Express - meaning the points can be transferred, if desired, to travel partners - just like the American Express Charge Cards.

Availability
  • The AMEX Everyday and AMEX Everyday Preferred will be available for applications starting April 2nd, 2014.
I am an employee of American Express. All posts are those of my own and do not reflect the actions or opinions of AXP. While all efforts are made to ensure accuracy in my posts, for official statements or responses, please consult with @AskAmex on Twitter or dial the number on the back of your card.


MrMosby
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Postby MrMosby » Sun Mar 02, 2014 12:04 am

Will I be able to convert my BCP over?

4.5MR on groceries isn't quite as good at 6% cash back, but it's not a bad shake with travel being my goal.
Everyday Preferred $45K | Amex Platinum NPSL | Delta Platinum $30K | Chase Sapphire Reserve $74.5K | Discover IT $42K

travisrauh
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Postby travisrauh » Sun Mar 02, 2014 12:08 am

MrMosby wrote:Will I be able to convert my BCP over?

4.5MR on groceries isn't quite as good at 6% cash back, but it's not a bad shake with travel being my goal.


Assuming that there are no special restrictions that haven't been communicated to us, yes - you would be able to product change into this.
I am an employee of American Express. All posts are those of my own and do not reflect the actions or opinions of AXP. While all efforts are made to ensure accuracy in my posts, for official statements or responses, please consult with @AskAmex on Twitter or dial the number on the back of your card.

freyj6
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Postby freyj6 » Sun Mar 02, 2014 12:43 am

This is interesting. What do you guys value MR points at?

I've heard people say they value them at up to 2 cent per point, but is that realistic if you're not redeeming for business/first class flights or expensive hotels?

Thanks!
Current Strategy

Chase Freedom + Discover IT + Churning

catsartcox
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Postby catsartcox » Sun Mar 02, 2014 1:46 am

I kinda like this new card. Seems a little better then my basic blue card. I do have a PRG though, so I get the nicer reward store for both. Come April I guess I will call them and talk about it.
-Q

Luxe
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Postby Luxe » Sun Mar 02, 2014 3:25 am

The new look of these cards is very nice and I prefer it to the BCE/P but the rewards are frankly poor and the requirement to make 20 or 30 purchases a month would cause more anxiety than a 20% or 50% dividend is worth. It would be especially frustrating when a merchant (especially restaurants) does not take Amex and I am a few purchases away from reaching the requirement.

Compared to my BCE's 3/2/1 cash back, the new Everyday's 2.4/1.2 MR points does not look very competitive. And with Chase and Discover offering 5% on gas for most of the year and BofA offering 4.5/3/1.5 year-round, I am mostly disappointed that Amex is not stepping up their game. I still like my BCE for grocery stores and occasionally for gas but it is no longer the king in my wallet. Wish that the Everyday could have reclaimed the throne.

samhradh
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Postby samhradh » Sun Mar 02, 2014 6:24 am

Thanks for sharing, Travis.

I agree that these cards are not exciting. I do not plan to switch from my BCE. Cash > MR pts. These cards seem better for travelers and will be another way to churn for FF miles.

However, I do think it would be easy to meet min swiping requirements. Go to the grocery store and make your purchases in multiple swipes. Self checkout is good for this. Same with gas.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

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otter
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Postby otter » Sun Mar 02, 2014 6:45 am

Luxe wrote:I still like my BCE for grocery stores and occasionally for gas but it is no longer the king in my wallet. Wish that the Everyday could have reclaimed the throne.


+1

When I heard Amex was coming out with a new card, I was expecting a game changer, but this isn't it.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

HookEmHorns
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Postby HookEmHorns » Sun Mar 02, 2014 7:27 am

I plan on product changing my BCE to the Everyday Preferred and I will dump my PRG when the annual fee is due.
AMEX PRG~1/14--backdated to 2012
AMEX BCE~6/13--backdated to 2012
Chase Freedom~5/13
Discover IT ~12/12

:cool:

MemberSince99
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Postby MemberSince99 » Sun Mar 02, 2014 7:38 am

otter wrote:+1

When I heard Amex was coming out with a new card, I was expecting a game changer, but this isn't it.



Agreed. You aren't getting any more than the BCP gives you now but you are paying more for the "Preferred" and the no-fee card is less than the no-fee BCE. What a disappointment.



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