Aw nerds! Looks like this page may be out of date. You can still check out our list of the Best Rewards Credit Cards.
American Express Membership Rewards points are a coveted credit card rewards currency, mostly because they’re flexible and transferable. Cardholders can use points to book travel directly through American Express, transfer them to frequent flyer programs, cash them in for merchandise, and much more. You can even use them to pay for your meal at the drive-through window.
Want to get in on the action? Consider one of these three great cards that earn Membership Rewards points:
For gas and grocery spending: The Amex EveryDay® Preferred Credit Card from American Express
If most of your spending is on gas and groceries, The Amex EveryDay® Preferred Credit Card from American Express is an excellent choice for raking in Membership Rewards points. With it, you’ll earn 3 points for every dollar spent at U.S. supermarkets (up to $6,000 spent per year), 2 points for every dollar spent at U.S. gas stations, and 1 point for every dollar spent elsewhere.
But your ability to rack up extra rewards doesn’t end in the grocery store checkout line; if you make at least 30 purchases in a billing cycle, you’ll score a 50% points bonus. For frequent spenders, this feature adds a lot of value to the card’s earning power.
To get you started, The Amex EveryDay® Preferred Credit Card from American Express comes with a sign-up bonus: Earn 15,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months. Terms Apply.
The annual fee is $95, but most serious gas and grocery shoppers will likely make up for this cost with the rewards they’re earning.
Nerd note – There’s another version of this card cost-conscious folks might want to consider: The Amex EveryDay® Credit Card from American Express comes with a lower signup bonus and a lower rewards rate, but its annual fee is $0. So if you’re not interested in spending money to earn Membership Rewards points, this card might be the way to go.
For frequent flyers: Premier Rewards Gold Card from American Express
Is air travel a big part of you life? If so, the Premier Rewards Gold Card from American Express should be on your radar. With it, you’ll earn 3 Membership Rewards points for every dollar you spend on booking tickets directly through airlines. You’ll also earn 2 points per dollar spent at U.S. gas stations, U.S. supermarkets and U.S. restaurants, and 1 point per dollar spent on all other purchases.
And remember, when you’re ready to use your points, you can turn around and cash them in for flights. Using them to book travel directly through American Express is an option, but you’ll also be able to transfer them to more than 20 frequent traveler programs if that’s your thing.
It’s also important to point out that the Premier Rewards Gold Card from American Express isn’t a traditional credit card. It’s a charge card, which means you won’t have a preset spending limit and you’ll have to pay your balance in full each month. Since there’s no option to finance your balance, you won’t have to worry about shelling out interest.
The Premier Rewards Gold Card from American Express also comes with a sign-up bonus: Earn 25,000 Membership Rewards® Points after you use your new Card to make $2,000 in purchases within the first 3 months. Terms Apply. And keep in mind that it charges an annual fee of $0 for the first year, then $195.
For swanky folks: The Platinum Card® from American Express
If your lifestyle involves a lot of luxury travel, The Platinum Card® from American Express should be in your wallet. With it, you’ll earn 1 Membership Rewards point for every dollar you spend. For flights booked directly with the airline or through American Express Travel, you’ll earn 5 points per dollar; hotels booked through American Express Travel also earn 5 points per dollar.
But it’s all the fringe perks that come with this card that really make it shine. These include airport lounge access, concierge service, Global Entry and TSA PreCheck fee credit, and $200 per year in Uber credit. Plus, this card charges no foreign transaction fees, so it’s a great choice for international travel.
Like the Premier Rewards Gold Card from American Express, The Platinum Card® from American Express is a charge card. You won’t have a preset spending limit and you won’t be able to roll a balance from month to month.
The Platinum Card® from American Express will get you started with a stellar sign-up bonus: Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months. Terms Apply.
The Platinum Card® from American Express does charge a hefty annual fee of $550, but one of this card’s many benefits is a $200 airline travel credit. You can use this credit to help offset some of the nuisance costs that come along with flying; if you take advantage of it, it partially offsets the annual fee.
Image via iStock.