topic Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred in Credit Cards

Chase Sapphire Preferred vs. AMEX Everyday Preferred

revjamesl — Tue, 07 Oct 2014 01:27:28 GMT

I currently have a Chase Sapphire Preferred and am wondering if I can ultimately save more with the AMEX Everyday Preferred. Right now, my primary card is the CSP but I wonder if I can make more in rewards by applying for and getting the AMEX Everyday Preferred. Any insight is appreciated.

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

mongstradamus — Tue, 07 Oct 2014 01:31:11 GMT

@revjamesl wrote:
I currently have a Chase Sapphire Preferred and am wondering if I can ultimately save more with the AMEX Everyday Preferred. Right now, my primary card is the CSP but I wonder if I can make more in rewards by applying for and getting the AMEX Everyday Preferred. Any insight is appreciated.

I am actually thinking of doing an CSP+EDP combo. Travel, Dining, and UR mall with CSP and Gas Groceries and everything else to get 30 swipes. Just waiting for an decent signup bonus, 15k doesn't do it for me.

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

Luscher — Tue, 07 Oct 2014 01:35:31 GMT

Im waiting for that infamous 100k CSP bonus to come back......even though I know it never will

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

mongstradamus — Tue, 07 Oct 2014 01:37:24 GMT

@Luscher wrote:
Im waiting for that infamous 100k CSP bonus to come back......even though I know it never will

I am still waiting on 50k prg or maybe 25k EDP. I am not going to hold my breath on getting that anytime soon. I am probably going to give amex an break till end of the year. Work on some cash back cards like SM and BBR with my next app.

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

Anonymous — Tue, 07 Oct 2014 01:46:37 GMT

@revjamesl wrote:
I currently have a Chase Sapphire Preferred and am wondering if I can ultimately save more with the AMEX Everyday Preferred. Right now, my primary card is the CSP but I wonder if I can make more in rewards by applying for and getting the AMEX Everyday Preferred. Any insight is appreciated.

So, look at your spending. How significant are your dining and travel expenses vs grocery/gas and everything else (for which you get 1.5MR)? Do you have Freedom to boost your UR, or another MR Amex? Do MR or UR work better with you travel plans? These are what determines the answer to your question.

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

revjamesl — Tue, 07 Oct 2014 01:52:30 GMT

@Anonymous wrote:
@revjamesl wrote:
I currently have a Chase Sapphire Preferred and am wondering if I can ultimately save more with the AMEX Everyday Preferred. Right now, my primary card is the CSP but I wonder if I can make more in rewards by applying for and getting the AMEX Everyday Preferred. Any insight is appreciated.
So, look at your spending. How significant are your dining and travel expenses vs grocery/gas and everything else (for which you get 1.5MR)? Do you have Freedom to boost your UR, or another MR Amex? Do MR or UR work better with you travel plans? These are what determines the answer to your question.

I have Chase Freedom, Discover It, Barclay Arrival World+, and AMEX BCP. I don't do a ton of traveling so perhaps the AMEX EDP is best for me to use in combination with one of the other cards.

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

SuperKirby — Tue, 07 Oct 2014 06:09:03 GMT

@revjamesl wrote:
I currently have a Chase Sapphire Preferred and am wondering if I can ultimately save more with the AMEX Everyday Preferred. Right now, my primary card is the CSP but I wonder if I can make more in rewards by applying for and getting the AMEX Everyday Preferred. Any insight is appreciated.

It really comes down to UR vs MR. Do you transfer mainly to i.e. United or Hyatt? Or Delta or Air Canada, ANA?

And if you're not transferring to any hotel/airline then you shouldn't be using any of these cards.

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

jsucool76 — Tue, 07 Oct 2014 10:21:46 GMT

Earning potential on the EDP is amazing. (according to my 1dt grade level math a bit which may be wrong) It's... 4.5 on groceries, 3 on gas, and 1.5 on everything else (with the 50% bonus)hard to beat that.

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

js0319 — Tue, 07 Oct 2014 11:35:42 GMT

My wife has the CSP, and I'm an AU. We use the CSP for most Visa/MC only transactions and restaurants, and EDP on groceries and gas. We probably spend $100-150/wk eating out. In the past two months, it has taken an average of 8 days to hit the 30 swipes between both of us. The 15k MR bonus hits your account very soon after your reach the $1k spend. Last month, with the addition of the sign up bonus, I added 20,000 MR points, and spent about $1,300 on the EDP.

I will say that I have found it very difficult to find a real need for my PRG lately. I am going to continue using it this year since I'm only $5k away from hitting the 30k MR bonus, but will probably cancel the PRG if they don't do anything to drastically change the rewards structure.

Re: Chase Sapphire Preferred vs. AMEX Everyday Preferred

takeshi74 — Tue, 07 Oct 2014 13:15:26 GMT

@revjamesl wrote:
Right now, my primary card is the CSP but I wonder if I can make more in rewards by applying for and getting the AMEX Everyday Preferred. Any insight is appreciated.

Have you compared the MR and UR programs? Can you make use of the MR transfer partners?

You'd also need to consider your spend and rewards earn rates and that info is missing from your OP. Run the numbers to help you in your decision making. These aren't one-size-fits-all matters.

@revjamesl wrote:
I don't do a ton of traveling so perhaps the AMEX EDP is best for me to use in combination with one of the other cards.

You don't have to do a ton of traveling but you need to be able to utilize the transfer partners to make the most of MR and UR points. If you're just looking for cash back then MR and UR probably aren't the best fit for you.