AMEX Everyday Preferred (15,000 points and 1.5-4.5 points back) (1.30¢/point)

  • 3x points at US supermarkets on up to $6,000 per year (then 1X).
  • 2x points at gas station.
  • 1x points on other purchase
  • Use your Card 30 or more times on purchases in a billing period and earn 50% more points
  • Points/miles are priced at 1.30 cents per point at sister website
  • 15,000 AMEX Membership Rewards after you spend $1,000 on purchases in the first 3 months.
  • $95 annual fee

Editor’s Note:

The card is marked as “Featured” by us since it’s the most rewarding card for everyday spendings. While the basic feature of “3X at Supermarket, 2X for gas and 1X on all other purchase” is quite standard in the industry, there are several reasons making the rewarding much better than other cards:

  • 50% more points if you used the card 30 or more times, making the rewards 4.5X – 3X – 1.5X points. There is easy way to use the card 30 or more times — see article in the knowledge base.

  • Membership Rewards is valuable. When used in optimized way, the value of Membership Rewards could reach 2 cents/point. Bottom line is 1.3 cents/point at sister website Cash value of the points is then around 6% – 4% – 2%.

  • AMEX provides really useful AMEX OFFERS. Some examples are $75 statement credit if you spend $300 at, or $25 credit if you spend $200 at, etc. Best thing of AMEX OFFERS is that they can be combined with other coupon/promotion running at the merchant. Other example is double points back at or BestBuy, making effective cash back around 4%. AMEX OFFERS are time sensitive so the above examples might have expired, but there is always new similar and interesting OFFERS going on.

The card has $95 annual fee which isn’t a problem if the card is your everyday card. 6% cash back at supermarket for $6000 each year is $360. If you don’t purchase that much grocery, you may buy at supermarket some gas cards or popular gift cards that are expected to use, to get 6% cash back on them.

This credit card beats other popular cards. Citi double cash cards offers flat 2% cash back, which is missing 6% at supermarket and 4% at gas station. AMEX Blue Cash Everyday offers 10% Back at U.S. Restaurants but only up to $200 back. Chase Freedom has 5 points back on categories rotating every quarter, but only 1 points back on most other categories, making its usage quite limited.

To sum up, AMEX Everyday Preferred is the card that is most rewarding overall and should be used regularly.