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For those of you who are not aware, there are two types of Amex Membership Reward credit cards – those that earn full Membership Reward points and those that earn limited Membership Reward points. Accounts with full Membership Reward points means that you can transfer your points from your account to a partner hotel or airline program. If you have a credit card that earns limited Membership Reward points you will NOT be able to transfer your points to a partner loyalty programs and can only redeem your points for merchandise, gift cards, etc. Typically, transferring your points to a partner program gets you a much higher value for your points.
While most American Express cards that come will full Membership Reward points have an annual fee attached to them, there are two that have no annual fee.
- The Blue Business℠ Plus Credit Card from American Express: Earn 2x points on ALL purchases, no category restrictions! This applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. *Terms Apply. Rates & Fees
- The Amex EveryDay® Credit Card from American Express: Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months. Earn 2x points at US Supermarkets (on up to $6,000 per year in purchases, then 1x); Earn 1x point on other purchases. Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits.. *Terms Apply. Rates & Fees
Having one of these two cards means that you never have to worry about an annual fee and will always have an open Membership Rewards account that earns full points. This is important because if you cancel an Amex card that earns Membership Reward points, you will lose your points unless you have another Amex card that also earns full Membership Reward points. So let’s say you currently have an American Express Platinum card and are thinking about canceling the card. But, you currently have points in your account and do not want to transfer them out to a loyalty partner just yet as you aren’t 100% sure where you want to use them. If you have one of the two cards mentioned above, either the The Blue Business℠ Plus Credit Card from American Express or The Amex EveryDay® Credit Card from American Express, then you will not lose your points and still be able to transfer them to a loyalty program at another time.
Both are great cards to have, but having one of them is really helpful! I also love both cards since I love being able to take advantage of Amex Offers on no annual fee American Express credit cards!