AMEX everyday card 20% on purchases.

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
7 posts
gabo864
Green Member
Green Member
 
Posts: 8
Joined: Wed Apr 29, 2015 9:02 pm

AMEX everyday card 20% on purchases.

Postby gabo864 » Sun May 17, 2015 3:22 pm

Hey guys

Im trying to understand how the extra points benefit after making 20 purchases with an every day card from american express works.

It says you earn extra 20% after you have 20 or more purchases. Now what can I do with this points? Can I redeem it for cash or giftcards?


Vermonster
Centurion Member
Centurion Member
 
Posts: 725
Joined: Mon Oct 01, 2012 11:09 pm
Location: NJ

Re: AMEX everyday card 20% on purchases.

Postby Vermonster » Sun May 17, 2015 7:33 pm

gabo864 wrote:Hey guys

Im trying to understand how the extra points benefit after making 20 purchases with an every day card from american express works.

It says you earn extra 20% after you have 20 or more purchases. Now what can I do with this points? Can I redeem it for cash or giftcards?


The extra points are just like the points you earn on regular spending.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3757
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Re: AMEX everyday card 20% on purchases.

Postby CarefulBuilder14 » Sun May 17, 2015 10:23 pm

gabo864 wrote:Can I redeem it for cash or giftcards?

You can, but you don't get a good value. The best use of the points, by far, is in transferring them to airlines where they become frequent flyer miles.

If you want cash, look at cards that have cash-based rewards like Blue Cash Everyday.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3757
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Re: AMEX everyday card 20% on purchases.

Postby CarefulBuilder14 » Mon May 18, 2015 11:51 am

One pleasant discovery...

I've been using EDP lately at one store, thinking their MCC would be something like "miscellaneous" or "convenience". They are actually classified as "grocery". I'm earning 4.5 MRs instead of 1.5.

Edit: I was wrong. "Specialty stores" don't earn 4.5 MRs, even though the Amex website categorizes them within groceries. 1.5 MRs still beats other options.
Last edited by CarefulBuilder14 on Tue May 26, 2015 4:37 pm, edited 1 time in total.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

gabo864
Green Member
Green Member
 
Posts: 8
Joined: Wed Apr 29, 2015 9:02 pm

Re: AMEX everyday card 20% on purchases.

Postby gabo864 » Mon May 18, 2015 10:01 pm

CarefulBuilder14 wrote:
gabo864 wrote:Can I redeem it for cash or giftcards?

You can, but you don't get a good value. The best use of the points, by far, is in transferring them to airlines where they become frequent flyer miles.

If you want cash, look at cards that have cash-based rewards like Blue Cash Everyday.


How do I transfer them to airlines?

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3757
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Re: AMEX everyday card 20% on purchases.

Postby CarefulBuilder14 » Tue May 19, 2015 5:04 pm

gabo864 wrote:How do I transfer them to airlines?

Once you have a card that earns MR points, you follow some very simple links on the Amex website and can then find a listing of airlines. You pick the airline, enter your frequent flyer ID for the airline (or create an ID then and there), and then specify how many points you want to transfer.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

takeshi
Centurion Member
Centurion Member
 
Posts: 1733
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Re: AMEX everyday card 20% on purchases.

Postby takeshi » Wed Jun 10, 2015 8:46 am

You really should review redemptions for programs like MR and UR before applying for the card because it has a signficant impact on the value of points. You want to make sure that you can redeem points for the highest possible value. As stated above, statement credit is a terrible use for MR points as, IIRC, you get $0.006/point. For gift cards it all depends on the specific gift card. Off the top of my head I think they can vary from $0.005/point to $0.01/point. For MR and UR the better values are generally attained via transfer to airlines and generally for premium cabin travel as indicated above. Make note of the transfer rates with MR to airlines:
http://catalogue.membershiprewards.ca/l ... rticipants

Definitely take a look at the MR site https://rewards.americanexpress.com/myc ... k=&stoken= and look at the redemption options to determine point values for the different options. In future, definitely do this sort of research before applying for points/miles cards. There are sites such as ThePointsGuy, NerdWallet, etc with pages on this sort of thing if you want an easy reference but you'd need to make sure that the information is up to date as rates can and do change.



Return to “Rewards”

Who is online

Users browsing this forum: No registered users and 2 guests