Best Amex Credit Card Combo: Amex Everyday Preferred and Amex Platinum

Best Amex Credit Card Combo: Amex Everyday Preferred and Amex Platinum

The Everyday Preferred card and the Platinum card is the best two-card combination in the Amex cards lineup. The combined benefits of these cards provide just about everything a travel hacker could want in their credit card portfolio – high points earning rates on everyday spend, a valuable transferable points currency, and a wide variety of luxury travel benefits and purchase protections.

The ability to get significant value out of just two cards allows travelers to simplify their wallets and reduce the cost of the annual fees they pay relative to a traveler who carries a greater number of cards. The Everyday Preferred card has a $95 annual fee while the Platinum card carries a $450 annual fee. In this post we continue our series on the best credit card combos, with this installment focusing on Membership Rewards-earning cards offered by American Express.

Earning Points

The most important contribution to this combo from the Everyday Preferred card is the ability to rack up large quantities of points. The Everyday Preferred card earns 3 points per dollar at supermarkets (on up to $6,000 of spend per year), 2 points per dollar at gas stations, and 1 point per dollar on all other purchases. In addition, you receive a 50% points bonus for any month in which you have at least 30 separate transactions. This is an easy threshold to cross by simply making a bunch of small purchases or having your items rung up separately when you go to the store. With the 50% bonus, the effective earning rates increase to 4.5x at grocery stores, 3x at gas stations, and 1.5x on all other spend.

These are excellent rates, and the bonus categories are actually useful since people spend a significant amount of money on groceries and gas on average. If you need a little boost to maximize the supermarket bonus category spending cap, most supermarkets carry Visa and MasterCard gift cards which could be used to do some manufactured spending. Alternatively, you could buy merchant gift cards to pay for goods and services you are planning to purchase to get 4.5x on a wider variety of spending. The Platinum card only gets 1x on all spending, so it’s not very useful for earning points.

Amex EveryDay® Preferred Credit Card
Amex EveryDay® Preferred Credit Card
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Earn 15,000 points after spending $1,000 within 3 months

Point Redemption Options

Amex allows you to redeem points by booking directly through the Amex Travel website, however the point values you will realize using this option are quite low (1 cent per point or less). Therefore, the best redemption options are via transferring points to Amex’s network of transfer partners. Currently there are 17 airline partners and 3 hotel partners. 2 of the hotel partners (Choice and Hilton) typically have very low redemptions values, and the third partner (SPG) transfers at a horrible 3:1 ratio, so the best options are definitely various airlines.

All 3 major airline alliances are represented, plus some independent airlines, so just about any travel desire can be fulfilled. In addition, Amex offers transfer bonuses from time to time, so be on the lookout to maximize the number of miles you can get. Some good redemption options, in no particular order are:

Delta Airlines – In spite of the often used “SkyPesos” moniker, Delta miles can be quite useful in the right situations. If you live near a Delta hub or stronghold and are flying to another, odds are there are a high number of daily flights between the 2 cities. If you are willing to fly on lower-demand flights you can usually find reasonably priced award availability. They also tend to have a nicer domestic product relative to the other major US airlines, United and American.

All Nippon Airways – ANA has excellent premium cabin products and reasonably priced awards for long haul routes to Japan, South America, and Europe.

Singapore Airlines – Singapore has some amazing premium cabin products. Singapore Suites class is one of the most extravagant first class offerings in the sky and Singapore does not release suite awards to its partners. Therefore, if you want to enjoy this amazing product you need to book directly with Singapore. Singapore gives you a 15% discount if you book online through their website, so even expensive first class redemptions can be had at reasonable prices.

Singapore Airlines First Class
Redeem Membership Rewards Points for Singapore’s Airlines First class

British Airways – British Airways has a distance based award chart that is essentially useless for long haul awards, but has excellent values for short distance flights. One way awards start at 4,500 Avios for flights outside the U.S. and 7,500 Avios for those originating or terminating in the U.S. Even with the slightly more expensive price for U.S. short haul awards, they are still cheaper than domestic awards on the big 3 US carriers which are typically 10,000-12,500 each way. Amex is currently offering a transfer bonus for Avios (250 MRs convert to 300 Avios versus a normal ratio of 250 to 200). The bonus offer expires 10/10/16.

Platinum Card® from American Express
Platinum Card® from American Express
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Earn 60,000 points after spending $5,000 within 3 months

Other Travel Benefits

The Platinum card offers a wide variety of travel benefits which we outline below:

  • Annual $200 airline fee credit – this benefit effectively reduces the annual fee on this card to $250. This can easily be monetized by buying gifts card through the United MileagePlus X app.
  • Fine Hotels & Resorts – this is a program that gives automatic benefits when booking hotels, such a $100 spa or dining credit, early check-in, late check-out, and free breakfast.
  • Automatic Gold Status with Hilton and SPG – gold status with Hilton is one of the most valuable mid-tier hotel statuses since it comes with free breakfast at most of Hilton’s brands.
  • Global Entry or TSA Precheck application credit – this will save you either $100 or $85 once every five years depending on which program you apply for. Note that if approved for Global Entry you automatically get TSA Precheck as well.
  • Platinum Concierge – this benefit can be a bit hit or miss, but there are many stories out there of people having extraordinary or unusual requests fulfilled by the concierge. Amex also still seems to have connections at many top restaurants, so this could be a way to get a table without a reservation.

Conclusion

While Amex may no longer have the most valuable transferable points program, there is still a lot of value to be found, and with these two cards, you can earn and redeem a ton of points for some great travel experiences.

  • Dave Vegas Traveler

    great combo. Here’s another trick. Get the Everyday first, with 10k bonus. After a few months you’ll get a upgrade offer to get the perfered. with 15kk bonus. Don’t add extra users at first, they will offer 5k bonus to add later. Platinum is a no brainer.