Reply
Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

Re: New American Express credit card?


longtimelurker wrote:

Open123 wrote:

HiLine wrote:

A possibility is that the new card will earn MR points, but transferring those points will require cardmembership of one of the current MR-earning cards. Similar situation with the Freedom and CSP cards that Chase offers.


Right, you can earn full MR Points, but can't be transferred, unless you're enrolled in the Program either with (1) a fee, or (2) a card enrolled in the Program.  After this, I can't see any purpose for having the Blue.


Isn't that what MRE basically is?  They become MR if you have another MR card.


Yes, but I can't imagine AmEx will allow a no annual fee card where the MR points can be transferred to FFs.  Not that it couldn't happen, but I'd be surprised.  If this were to happen, I think it could be a game changer.

Blogger
Posts: 3,355
Registered: ‎10-19-2012
0

Re: New American Express credit card?


longtimelurker wrote:

Open123 wrote:

HiLine wrote:

A possibility is that the new card will earn MR points, but transferring those points will require cardmembership of one of the current MR-earning cards. Similar situation with the Freedom and CSP cards that Chase offers.


Right, you can earn full MR Points, but can't be transferred, unless you're enrolled in the Program either with (1) a fee, or (2) a card enrolled in the Program.  After this, I can't see any purpose for having the Blue.


Isn't that what MRE basically is?  They become MR if you have another MR card.


We were trying to explain what the Amex person could mean by "full MR". They may just rename the MRE concept. So a card earning MRE points will be considered to earn "full MR" points, but the use of MR points will be limited unless you have a PRG or Platinum card.

 

Super Contributor
Posts: 9,972
Registered: ‎04-22-2013
0

Re: New American Express credit card?

[ Edited ]

HiLine wrote:

Isn't that what MRE basically is?  They become MR if you have another MR card.


We were trying to explain what the Amex person could mean by "full MR". They may just rename the MRE concept. So a card earning MRE points will be considered to earn "full MR" points, but the use of MR points will be limited unless you have a PRG or Platinum card.


It's not clear who said "full MR", it might have been the blogger rather than Amex person.   But renaming MRE to "full MR" would be quite deceptive, as then there is nothing (currently!) you can point to as "less than full MR".  

 

But things are certainly unclear.  The only official site

 

ttps://www410.americanexpress.com/gabm/everydaycard

 

mentions MR, but says nothing about transferring them to partners. 

Super Contributor
Posts: 5,993
Registered: ‎05-23-2009
0

Re: New American Express credit card?


longtimelurker wrote:

HiLine wrote:

Isn't that what MRE basically is?  They become MR if you have another MR card.


We were trying to explain what the Amex person could mean by "full MR". They may just rename the MRE concept. So a card earning MRE points will be considered to earn "full MR" points, but the use of MR points will be limited unless you have a PRG or Platinum card.


It's not clear who said "full MR", it might have been the blogger rather than Amex person.   But renaming MRE to "full MR" would be quite deceptive, as then there is nothing (currently!) you can point to as "less than full MR".  

 

But things are certainly unclear.  The only official site

 

ttps://www410.americanexpress.com/gabm/everydaycard

 

mentions MR, but says nothing about transferring them to partners. 


They haven't post the full terms of the card such as APR, foriegn transaction fee etc.

 

 

Ron.

Blogger
Posts: 3,355
Registered: ‎10-19-2012
0

Re: New American Express credit card?

There you go!

 

Comparing this: https://www304.americanexpress.com/credit-card/premier-rewards-gold

 

to this: https://www304.americanexpress.com/credit-card/blue

 

One can easily see the distinction Amex gives to the PRG for the transferability of its MR points.

 

And then look back to the page for the new card: https://www410.americanexpress.com/gabm/everydaycard

 

One can already tell the MR points the new card earns is the same kind of MR points that the Blue earns.

Frequent Contributor
Posts: 349
Registered: ‎08-02-2012
0

Re: New American Express credit card (confirmed Amex EveryDay Card)

I'm assuming it is still too early, but does anyone know whether or not one can PC from the BCE/BCP ???


In my wallet: Amex Platinum NPSL, Amex Everyday Preferred $13,500, Amex Starwood $1000, Chase Freedom Visa Signature $5000, Chase Sapphire Preferred Visa Signature $10,000, Chase Ink Plus Visa Signature $5000 Barclaycard Arrival Plus MasterCard World Elite $5000, Cap One Quicksilver MasterCard $6000, Citi Forward Visa $6900, Discover IT $6000
Blogger
Posts: 3,355
Registered: ‎10-19-2012
0

Re: New American Express credit card (confirmed Amex EveryDay Card)


Jayb5635 wrote:
I'm assuming it is still too early, but does anyone know whether or not one can PC from the BCE/BCP ???

It's an all-Amex card, as opposed to a co-branded card, so I assume yes.

 

Super Contributor
Posts: 9,972
Registered: ‎04-22-2013
0

Re: New American Express credit card?


HiLine wrote:

There you go!

 

Comparing this: https://www304.americanexpress.com/credit-card/premier-rewards-gold

 

to this: https://www304.americanexpress.com/credit-card/blue

 

One can easily see the distinction Amex gives to the PRG for the transferability of its MR points.

 

And then look back to the page for the new card: https://www410.americanexpress.com/gabm/everydaycard

 

One can already tell the MR points the new card earns is the same kind of MR points that the Blue earns.


I think that is a little bit too much of a jump!  The new site says nothing about MR, so by that logic I could infer that this card doesn't even have pay with points.

Now it may well be the case that these are MRE, because otherwise a big change has occurred, but I don't think we can know that yet.

Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

Re: New American Express credit card?

The more I look the the structure of the Preferred, the more I think those who value MR Points will like this card.  

 

At 1.5% for non bonus spend, I find this a better value than any other card from other issuers when it comes to non-bonus spend.  With a cap of $6K, the Supermarket bonus is of limited use and just icing.  

Super Contributor
Posts: 9,972
Registered: ‎04-22-2013
0

Re: New American Express credit card?


Open123 wrote:

The more I look the the structure of the Preferred, the more I think those who value MR Points will like this card.  

 

At 1.5% for non bonus spend, I find this a better value than any other card from other issuers when it comes to non-bonus spend.  With a cap of $6K, the Supermarket bonus is of limited use and just icing.  


Yes, and as others have said, if you value MR above 1.33 cents, this beats Fidelity Amex.  And most valuations are above that.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.