Yes, and it has an annual-fee cousin that's even better.
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The easiest way to travel for free is to focus on a particular kind of credit card: Those offering reward points that can be transferred to miles with several different airlines. This way, you’re not stuck with miles from a single airline that can be difficult to use.
Unfortunately, many of these reward cards charge a hefty annual fee, which some people understandably don’t want to pay. The American Express EveryDay card is the only one that offers points that can be exchanged for miles with no annual fee.
If you’re willing to pay a modest fee, then you can get the EveryDay Preferred card, which offers you even more bonus points.
Let’s take a look and see how these cards can get you traveling for free…
The Amex EveryDay
With this card, you can earn a 10,000-point sign-up bonus after spending $1,000 in new purchases within three months of account opening. It also offers you double points on up to $6,000 spent at U.S. supermarkets, and one point per dollar spent elsewhere.
You also receive a 20 percent points bonus during each statement when you make at least 20 transactions. American Express Membership Rewards points can be redeemed for gift cards, merchandise, travel reservations, and a variety of other rewards. But if you love award travel, then you’ll fast-forward straight to the “point-transfer options.”
You can transfer your membership points to the frequent-flier programs of 17 different airline partners — and most of these airlines offer award flights with its partners. For example, British Airways is partnered with American, Alaska, and several other airlines.
Furthermore, its distance-based award chart offers some amazing deals such as flights under 1,350 miles for just 7,500 points each way. Or you could book award flights from the west coast to Hawaii for just 25,000 miles round-trip. Other airline transfer partners including Delta, Hawaiian, Jetblue, Air Canada, and Virgin America. There’s no annual fee for this card.
The Amex EveryDay Preferred
Step up to the “Preferred” version of this card, and the bonus points can just flow in. Triple points are earned at U.S. supermarkets on up to $6,000 spent each year, double points on gas, and one point per dollar on all other transactions. And if you use your card at least 30 times during a statement period, you’ll earn 50 percent more points. So groceries can earn 4.5 points per dollar, gas can earn 3 points per dollar, and 1.5 points for all other purchases.
In addition, new cardholders earn 15,000 points after spending $1,000 within three months. However, there’s a $95 annual fee for this card.
What I think…
I’ve held the Amex Everyday Preferred card for years. I always make sure to use it at least 30 times a month to get the 50-percent points bonus. This allows me to always earn at least 1.5 points per dollar on everything, and I’m thrilled to get 4.5 points per dollar spent at grocery stores.
Ultimately, I transfer my points to airline miles, which I use to travel with my family in international business class. Needless to say, it’s a lot better than being squeezed into economy class for a 10-hour flight!
The path to free travel can be a little complicated, but these two cards can make it pretty easy.
Article last modified on June 27, 2017. Published by Debt.com, LLC . Mobile users may also access the AMP Version: Is There A Free Credit Card With Maximum Travel Points? - AMP.