topic Re: amex everyday a joke? in Credit Cards

amex everyday a joke?

Josh2942 — Mon, 26 May 2014 00:29:16 GMT

Does anyone really use their card 20-30 a month? Just one card non the less? I think I swipe my card 8-10 times a month. Anybody getting the bonuses?

Re: amex everyday a joke?

fot1 — Mon, 26 May 2014 00:38:53 GMT

I could easily get 20 plus swipes a month..

Re: amex everyday a joke?

Josh2942 — Mon, 26 May 2014 00:43:21 GMT

More power to you man. It seems inconceivable to me that our fellow myfico members that have 6+ Cards would swipe 20+ on one card. But I also don't shop much and like to horde cash in my savings. I usually only swipe mainly gas a red bull package of 10 and that's it. I save two checks and use the other two to pay bills. If bill paying counts I could probably meet the 20 purchases. But if it's flat out swipes maybe not.

Re: amex everyday a joke?

Kenny — Mon, 26 May 2014 00:45:33 GMT

Very easy to do -- especially if one purchases from Amazon a lot and has prime. But then again, I wouldn't use EDP for Amazon purchases.. lol

Re: amex everyday a joke?

fot1 — Mon, 26 May 2014 00:49:03 GMT

@Josh2942 wrote:
More power to you man. It seems inconceivable to me that our fellow myfico members that have 6+ Cards would swipe 20+ on one card. But I also don't shop much and like to horde cash in my savings. I usually only swipe mainly gas a red bull package of 10 and that's it. I save two checks and use the other two to pay bills. If bill paying counts I could probably meet the 20 purchases. But if it's flat out swipes maybe not.

Different strokes for different folks I guess..

Re: amex everyday a joke?

fot1 — Mon, 26 May 2014 00:50:46 GMT

How many people buy coffe everyday? Eat lunch out every day?

Re: amex everyday a joke?

Josh2942 — Mon, 26 May 2014 00:54:17 GMT

But how much is an extra 20% equal? Unless your in the city not everybody takes amex. Obviously it's possible but if you aren't spending a lot on those 20+ swipes what's the point compared to the BCE or BCP

Re: amex everyday a joke?

Josh2942 — Mon, 26 May 2014 00:56:27 GMT

What do you mean by using amazon a lot. Do you mean upswing amazon for thing you would normally by from the store like household needs? I have done that. Detergent is cheap and student prime is cheap lol

Re: amex everyday a joke?

MoreRewards — Mon, 26 May 2014 01:06:34 GMT

Is it actually swipes? If it had to be POS purchase I couldn't meet it. Though I'm sure some people can. Like my SO swipes every work day on the way at gas station for small purchase. Then any time we eat out or his actual gas purchase, other store purchases. That's got to be 30 swipes.
I don't swipe near as much. But if it's just "use" & not swipe I could meet. Gas, bill pay, online purchases, ect. I got a new card weds I've already made 11 purchases but only 4 actual swipes.

Re: amex everyday a joke?

Josh2942 — Mon, 26 May 2014 01:08:53 GMT

See I'm not sure if it's swipes or purchases. Purchases makes sense but if they want to prevent people from getting to much rewards it might be swipes. Anyone with an everyday feel free to chime in

Re: amex everyday a joke?

rlx01 — Mon, 26 May 2014 01:13:22 GMT

Of course it's not swipes.

The EveryDay is marketing genius because CC networks make a base amount of money per transaction. Since AMEX runs the network they get a larger slice of the pie than other issuers.

It also gets people to do less preloads on stored value cards like Starbucks (where the merchant would much prefer to pay 1 transaction fee and make interest on your money) and use the card instead.

And that's how AMEX can afford to give out more MRs as a bonus.

Re: amex everyday a joke?

Josh2942 — Mon, 26 May 2014 01:15:49 GMT

Makes sense but there MR bonus suck because MR points suck compared to UR from Chase. But that's not here nor there. For some reason I feel like singing everyday I'm hustling. Because it would be quite the hustle for me to make 20 purchases because in so cheap lol. Thanks for answering my question

Re: amex everyday a joke?

gh17 — Mon, 26 May 2014 01:20:46 GMT

I definitely could meet... I eat way too much fast food/go out for lunch way too often.

But then again, I probably wouldn't be putting restaurants on an Amex Everyday, and that's where the vast majority of my swipes are.

When I was putting all non-restaurant purchase on my Cap1, I usually got 20 on that in addition to my Citi card, but now that I put the gas/grocery purchase on Sallie Mae, my spending is more spread out. I almost always get 20+ on Citi (or this quarter, Chase Freedom) though.

Re: amex everyday a joke?

Anonymous — Mon, 26 May 2014 01:25:21 GMT

You can buy $0.15 amazon gift cards and send them to yourself, as an easy way to make the transactions near the end of the month. But if you are serious about MRs, you really would use the card for almost everything, especially the preferred version where, if you value MR at 2c, you are getting 3% on all non-category transactions.

So, no, not a joke, but sounds like not the card for you!

Re: amex everyday a joke?

Josh2942 — Mon, 26 May 2014 01:56:13 GMT

Define fly not a card for me. 5% is all I need with the freedom

Re: amex everyday a joke?

mongstradamus — Mon, 26 May 2014 01:59:47 GMT

@Josh2942 wrote:
Define fly not a card for me. 5% is all I need with the freedom

its an interesting card , depends on how much you value Amex MR points tbh. I was contemplating that card after my potential apps for sallie mae and fidelity amex. Sallie mae is planned for Oct and fidelity amex next spring sometime

Re: amex everyday a joke?

Anonymous — Mon, 26 May 2014 02:00:41 GMT

For me the card makes plenty of sense - I spend plenty on Groceries and Gas. Also at 1.5 per dollar for non-category - its a nice option to wrack up MR rewards when you would just be getting 1 per dollar or something in the form of cash back. I've hit the 30 transactions each month so far (and well on the way this month) - it took some creativity with the short billing cycle first up though (split purchases with wife one evening fixed that right up). I tend to buy bread at a wholesale bakery 2-3x a week (small purchase), one large grocery shop, and maybe a milk run each week. (So already we are at 16). Gas for non-rotating quarters sees me pony up 4x a month as well (I suspect it will be tougher in Gas quarters- but this month I have a 5000 mile road-trip coming up which will be netting me 3x unlimited ). Then an odd purchase here and there at discounters, pharmacy and transport and a few smaller non category purchases and we are already there. Takes a little more thinking, but you can easily do it and make it work if you spend plenty in the major bonus categories.

Re: amex everyday a joke?

ways2go — Mon, 26 May 2014 02:36:59 GMT

i just barely did the 20 purchases on my ED. It can be done, but i barely did it.

Re: amex everyday a joke?

Anonymous — Mon, 26 May 2014 02:38:40 GMT

I chose this for my first Amex card less than two weeks ago. I've already used it 14 times. I eat out everyday for lunch and sometimes buy a Monster Energy drink in the afternoons from the cafeteria. It's pretty easy for me to hit 20 uses.

Re: amex everyday a joke?

CreditScholar — Mon, 26 May 2014 03:09:09 GMT

It's definitely possible. On average I'll swipe my cards ~100 times per month, and as much as 300-400 times (usually in December).