Tuesday, January 27th, 2015, 9:07 am
1 Year Of Amazon Prime Membership Included When Signing Up For Select AMEX Cards For A Limited Time; Is The AMEX EveryDay Preferred Card The Best Bang For Your Buck?
Update 2: The Amazon Prime offer is expired.
—————————————————————–Update: I just got word that the signup offer for all 4 of the cards below will be changing tomorrow.
I don’t know what the exact changes will be, but I would assume that the Amazon Prime limited time offer will be coming to an end.
If you want to take advantage of that offer you should apply for any of the cards below by 2:59pm EST today.
Related post: The Most Underrated Credit Card?
Originally posted on 10/28/14
American Express is a DansDeals.com advertiser.
American Express is now offering a year of Amazon Prime when signing up and meeting the spend requirement for the following cards:
-The Amex EveryDay Credit Card from American Express: Get 10K Membership Rewards points plus 1 year of Amazon Prime for spending $1,000 within 3 months.
-The Amex EveryDay Preferred Credit Card from American Express Get 15K Membership Rewards points plus 1 year of Amazon Prime for spending $1,000 within 3 months.
–Blue Cash Everyday® Card from American Express Get $50 cash back plus 1 year of Amazon Prime for spending $1,000 within 3 months.
-Blue Cash Preferred® Card from American Express Get $100 cash back plus 1 year of Amazon Prime for spending $1,000 within 3 months.
Once you complete the spend requirement you will get the regular signup bonus and a code via email for a year of Amazon Prime, a $99 value.
If you already have Amazon Prime the code will extend your Prime membership by a year.
All 4 cards offer 0% intro APR on purchases and balance transfers for 15 months. After that, your APR will be a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
All 4 cards also offer additional user cards with no annual fee. Each additional user card that you have qualifies for $30 of spending on Small Business Saturday.
AMEX EveryDay Preferred:
I recently picked up the EveryDay Preferred card and love it. It’s an awesome card.
Both the EveryDay and the EveryDay Preferred card offer full Membership Rewards access, which means the ability to transfer points to lots of airlines programs.
The EveryDay Preferred card offers 3 points per dollar on up to $6,000 per year at grocery stores, and 2 points per dollar on gas and Uber.
But the killer aspect of the EveryDay Preferred is the whopping 50% bonus if you make 30 transactions per billing cycle. That bumps up the 3 points categories to 4.5 points, the 2 point categories to 3 points, and everything else to 1.5 points per dollar spent.
Note that if you return an item it doesn’t subtract the original transaction.
The EveryDay Preferred card has a $95 annual fee, but that’s low considering it’s the only card that gives 1.5 real airline miles per dollar everywhere. The only other card that does that is the United Club card which costs $395 per year.
The EveryDay card is a no annual fee card. It offers 2 points per dollar on groceries and Uber and a 20% point bonus for making 20 transactions per month.
Those earnings are probably outclassed by the Starwood Preferred Guest® Credit Card from American Express which earns an effective 1.25 miles per dollar, but unlike the Starwood card the Everyday card has no annual fee, doesn’t require transfers in 20K increments to get the bonus, and points generally transfer instantly.
The unique thing about the Everyday card is that it’s the only no-annual fee card that can transfer points into real airline miles.
Blue Cash/Blue Card Preferred:
Blue Cash Preferred earns 6% cash back on groceries (up to $6,000 per year), 3% cash back on gas and department stores, 1% Cash Back on other purchases.
Blue Cash Everyday earns 3% cash back on groceries (up to $6,000 per year), 2% cash back on gas and department stores, 1% Cash Back on other purchases.
Amazon Prime offers free 2 day shipping, unlimited music streaming, free Prime Instant Video, early access for Amazon Lightning Deals and MyHabit.com, access to over over 500,000 free eBooks, and more. Join Amazon Mom with Prime (no extra cost) to get 20% off diapers and 15% off baby items on your registry.