Part 2 – Maximize Points – American Express Everyday Preferred
Part 2 – Maximize Points & Miles – American Express Everyday Preferred
A lot of people ask me, “How I Travel So Much?” I really think they are trying to ask, “How Can I Travel Like You?” For the most part, I don’t think people want to travel as much as I do; however, I am sure they would love to travel here and there and save a few bucks a long the way and/or travel in style (Fly First /Business Class).
This is where credit card rewards come into play. Having the Right Card or Cards will help you achieve your travel goals. A lot of people give up from the start because they believe it will take lots of $$ to accrue lots of points/miles. Yes, Lots of $$ can help you accrue lots Points/ Miles; however, its not necessary to have lots of $$ to accrue lots of points and miles. We all have to start somewhere so do not get discouraged. This will take some time and some effort; however, once you have it down it will come naturally.
Tight Budget – Points and Miles – Starter Tutorial
Find a Credit Card that Works Best For you – Here are my Recommendations for Starter Credit Cards.
- Apply Now – American Express Gold Card ($250.00 Annual Fee) – Apply Now
- Apply Now – American Express Everyday Preferred ($95.00 Annual Fee)- Appy Now
- Apply Now– American Express Blue Business Plus (No Annual Fee) – Apply now
Lets Take the Second Card – The American Express Preferred
American Express Everyday Preferred w/ $95.00 Annual Fee + Initial Offer 20,000 Bonus Points After $1000.00 Spend in 90 Days.
My 2nd Favorite Card the American Express Everyday Preferred Credit card. My 1st would be the Gold Card- See My Post Part 1 – Which Talks About the American Express Gold Card.
This is a Great American Express Card. This is Annual Fee is $95.00 Per Year; However, there are No Airline Credits or Dining Credits.
Reason #1 – 3x Amex Membership Rewards Points on groceries (Up to $6000.00 Per Year After this 1x on Groceries)
Reason #2 – 2x Amex Membership Rewards Points on gas
Reason #3 – 50% Additional Bonus Points When 30 Transactions in A Statement Period Is Hit. So Now you Will Receive 4.5x American Express Membership Rewards Points on groceries & 3X American Express Membership Rewards Points on gas. (How To Hit 30 Transactions in A statement Period Easily – See My Post Here)
CONS – No Restaurant Bonus Category
Lets Just say you Spend $300.00 Per Month on Groceries & $200.00 on Gas which will net you will 23,400 American Express Membership Rewards as long as you hit 30 Transactions Per Month to Receive the 50% Additional Bonus Points. How did i get this Figure?
If you Spent $300.00 Per Month on Groceries & $200.00 on Gas you would Earn 4.5X American Express Membership Rewards Points on Groceries (assuming you hit 30 Transactions Per Month to Receive the 50% Additional Bonus Points) + 3X American Express Membership Rewards Points on Gas Multiply that by 12 Months which would Equal 23,400 American Express Membership Rewards.
To Maximize the 23,400 American Express Membership Rewards you Accrued in 1 Year, YOU MUST TRANSFER TO A AMERICAN EXPRESS TRANSFER PARTNER.
Lets Take ONE EXAMPLE of a American Express Transfer Partner – British Airways For Example. Los Angeles to Chicago will cost you 10,000 British Avios One way. American Express RIGHT NOW has a 40% Bonus to British Avios until November 2019. So right now you can Transfer 6,000 American Express Membership Rewards and Receive 10,000 British Avios. That is enough for a One Way Flight from Los Angeles to Chicago. With the 24,000 (You would Only Be 600 Amex Points Off if you were to net 23,400 Amex Points In One Year) American Express Membership Rewards You Earned From Restaurants and Gas in One Year that would Give You 4 One Way Flights from Los Angeles to Chicago. Again, This 40% Bonus Promotion Does End In November 2018; however, what is so great about American Express is they Periodically have Transfer Bonuses to there Partners which Makes Your American Express Points SO VALUABLE. Even when this Bonus Ends in November You would Still have Enough Points for Two One Way Flights and 3,400 American Express Membership Rewards Points Left Over. (10,000 American Express Points Will Transfer to 10,000 British Avios when the Transfer Bonus Promotion Ends). Remember the British Airways Transfer Bonus Promotion Will Come Back.
This Flight Fluctuates in Cash $250- $550.00 One Way Give or Take. Without the Bonus Promotion You Can Book Two One Way Flights. Lets Say For Example the Round Trip Flight was $400.00 to Chicago. You Just Saved $400.00; however, if you factored in Your Annual Fee which is -$95.00, and you book this flight using points you just net a Positive return of +$305.00. You Made Money!
This is JUST the Beginning!!!
On Top of the Points you receive from The American Express Gold Card YOU NEED TO USE SHOPPING PORTALS AND DINING PORTALS TO ACCRUE EVEN MORE POINTS/ MILES.