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I’ve written about Amex EveryDay Preferred card numerous times, and consider it one of the best products for a middle-class family. As a reminder, you can get 4.5 Membership Rewards points on groceries, 3 points on gas, and 1.5 points on everything else. The annual fee is somewhat reasonable at $95. Plus, Amex cards come with various perks that may offset it.
But there is one small nuance: You have to make 30 purchases per billing cycle in order to get this return on spending. It probably won’t be a big deal for most normal people, but I’m not normal. I switch credit cards constantly, and remembering this pesky detail can be a bit of a hassle.
I actually got this card a few years ago and intended to renew it. However, I’ve forgotten to do small Amazon reloads during some months, and as a result, got 3 MR points per dollar on groceries instead of 4.5 points. Sure, it’s not terrible, but hardly worth paying a $95 fee each year.
The whole thing just felt like a nuisance, so I’ve decided to downgrade the card to Amex EveryDay at the end of 12 months (so I wouldn’t lose the sign-up bonus). Amex EveryDay doesn’t have an annual fee, and is a good way to keep your Membership Rewards currency alive and well.
Doing the downgrade via chat was super easy, and took maybe 3 minutes. But then something surprising happened. Only two days later, I got an offer to upgrade back to Everyday Preferred version and get 25k MR points in the process. I would have to also spend $2k in 3 months and pay $95 fee, of course. That seemed like a good deal, especially since there would be no credit pull involved. So I took it.
A deja vu
I figured I would keep the card another year and see how I felt about it. Even if I didn’t use it all, getting 25k points for $95 is extremely profitable. And if you meet $2k minimum spend by buying groceries (and don’t forget to do Amazon reloads), it’s a smoking hot deal.
Well, at the end of the year, my feelings haven’t changed, so I’ve decided to downgrade it yet again. Another five minutes spent on Amex chat, and I was good to go. You know where this is going, right? Yes, two days later, I got an upgrade offer for 25k points, same terms as last time. Done! That was actually quite unexpected, since I figured my upgrade offer was a one-time deal.
But the story isn’t over yet. A few days ago, my third 12-months cycle came to an end, so it was time for my third customary Amex chat. Same story. And yes, two days later I got an upgrade offer yet again. Except this time it was for 40k points instead of the usual 25k points. Obviously, I accepted.
I’m not too sure about the algorithm these guys are using. It seems that “fool me once, shame on you, fool me twice…” principle should apply here. But clearly, somebody really wants me to make this card a permanent keeper. Which, of course, I’m not going to do.
This has become a fun game of sorts. I can’t wait to see what my next upgrade offer will be like. A 100k points? I doubt it, but wouldn’t that be nice.
All jokes aside, I do think this is a good option for folks who like to use one card for most of their purchases. I know I use plastic at least 30 times each month without even thinking about it. And 4.5 points per dollar return towards groceries (all year long) is nothing to sneeze at. Just keep mind that you only get it on $6k worth of purchases per year. Still, it’s an easy way to pick up some very valuable flexible points. There are no limits on gas or anything else.
This card isn’t in affiliate networks, but you can apply online or via someone’s referral. Here is mine I do recommend you check links in incognito mode as well, because they may be higher than my referral offer. Who knows, maybe you can get on the same downgrade/upgrade gravy train as me.
Also, keep in mind that some referral links on Amex Gold card currently have an offer of 90k points, which would be my pick over Amex Everyday Preferred. As I’ve said many times, sign-up bonuses is how you get ahead in this game via minimal effort. Though you can probably put upgrade offers in the same category as well.
Leana is the founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.