You get the most Amex EveryDay points value when you redeem for travel through the Amex Travel website. Each Amex EveryDay point is worth a penny that way. You can also redeem points for other spending categories on the American Express website, where each point will be worth between 0.5 and 1 cent.
Here’s how to get more Amex EveryDay points value:
Uber and NYC taxis: 1 cent
Gift cards: Up to 1 cent
Amex travel: Up to 1 cent – Booking flights through the Amex travel website will get you the most value. The travel portal lets you book cruises, and hotels too. But all the options besides flights offer 0.5 cents or 0.7 cents a point.
Charitable donation: Up to 1 cent
Transfer points: up to 1+ cent(s) – Amex gives you the option of transferring your Amex EveryDay points to the loyalty programs of participating airlines and hotels. Each Amex EveryDay point is worth one airline mile, but those miles are worth differing dollar amounts.
Amex retail partners: Up to 0.7 cents – You can pay with points at Seamless, Grubhub, Amazon, Best Buy, Staples, and other merchants when you use your Amex Everyday Card at checkout.
Statement credit: 0.6 cents
Tickets to Events: 0.5 cents
To get the most Amex EveryDay points value, you’ll want to steer clear of redemption options like statement credits and sports tickets. Luckily, there are a few different high value methods, so you can be flexible. And if you find the right flight through a partner airline, you won’t even be limited to the Amex travel portal.
The Amex EveryDay® Credit Card from American Express
American Express points are worth 0.67 cents per point, on average. The value of American Express points depends on how you choose to redeem the points. For example, points from American Express are worth up to 0.77 cents each when redeemed for travel through the Membership Rewards program, and they are worth 0.6 cents each when redeemed for cash back. … read full answer
American Express Points Worth by Redemption Method
Tips for Maximizing the Value of American Express Points
Redeem Points for Travel.
American Express points are worth the most when redeemed for travel.
Redeem American Express points regularly.
American Express points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.
Keep your account in good standing.
If American Express closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved. And if you pay late, you might have to pay a fee to get back the points from that billing period.
Redeem before closing your account.
Any points you don't redeem before closing your account will be lost, unless you keep another American Express credit card account open.
The American Express rewards catalog is an online brochure that shows merchandise and services for which cardholders can redeem their Amex Membership Rewards points. It displays products, along with the number of points needed for redemption. The catalog is available electronically on Amex’s website.
The Amex rewards catalog has many different product categories. They include gift cards, travel, electronics, fashion and accessories, homeware, charities, experiences and more. Some items are more worthwhile than others. Before buying, look up the dollar price of the item you want and divide it by the amount of points it costs. That shows you the value of an individual point toward each offer so you can choose options that are most worth it.… read full answer
If you see an offer you like, you can click “Find out more” to view additional details. Then, if you decide to redeem your points, you can click “Add to Cart” or “Transfer my points,” depending on the product. Amex will prompt you to log in to your account and trade your points for the reward.
The Amex EveryDay Card credit limit is determined on a case-by-case basis. There isn’t even a minimum limit listed in the terms and conditions. It all comes down to your credit history, income and debt, plus Amex’s particular preferences and priorities.
This means you won’t know what your spending limit is until you’ve been approved for this card. But if you’re not satisfied with the limit you get, you’re not necessarily stuck with it forever. You can request a … read full answercredit limit increase online or by calling customer service. And if you don’t get approved for the credit limit you need for a specific purpose, you can always try a different card.
Here’s more info about Amex EveryDay credit limits:
Basics: Amex will review your credit history, income, assets and existing debt obligations to determine how large of a credit line you can afford. The higher your credit score is and the more money you have available after existing obligations, the higher you can expect your Amex EveryDay credit limit to be.
Reports: According to anecdotal reports, there are people who got a $5k limit with a 706 score and a $8k limit with a 678 score. But you have to take people’s claims with a grain of salt.
Increases: If you’ve had your Amex EveryDay for at least 60 days, you can request a credit limit increase. Call Amex customer service at (800) 528-4800, enter your account number, and then state your request. You can also do so online, by logging into your account and going to the “Credit Management” page and clicking on “Increase Line of Credit.”
There’s no way of knowing what your Amex EveryDay credit limit is going to be beforehand. But the best way to get the limit you want is to keep improving your credit. And WalletHub’s free credit monitoring tool can help. Also, while it’s not the same as a credit limit increase, paying off your balance multiple times a month can allow you to get more use out of your card at its current limit.
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