‘Level Up’ Your Understanding of Amex Card Levels
American Express Card ‘levels’ are more like unique categories to match your spending style, from casual spender to luxury traveler – and everyone in between.
By Megan Doyle | American Express Credit Intel Freelance Contributor
9 Min Read | July 14, 2022 in Cards
American Express offers three main Credit Card categories: travel and dining Cards, points Cards for everyday spending, and cash back Cards.
Each Card category has several unique variations with different benefits and ways to earn rewards.
The right Credit Card for you depends on your lifestyle and spending preferences.
According to Encyclopaedia Britannica, American Express invented the “travel and entertainment Card” in 19581 after – according to the company’s own history – imagining a card combining “the security of Travelers Cheques with the added flexibility of credit.”2 American Express invented Travelers Cheques in 1891.
Fast forward to today: That simple credit card idea has evolved into a plethora of possibilities ready to suit the incredibly diverse lifestyles, tastes, and spending habits of a 21st Century generation. Today, American Express offers several categories of credit cards, each with unique card variations to suit any Card Member from the everyday shopper to the luxury traveler. While some people think of these card variations as “levels,” it’s more accurate to think of each as its own, special category with its own benefits and rewards so you can choose the card that matches your purchasing preferences:
- Entertainment and travel credit cards are still at the core, offering different benefits and rewards-earning opportunities for Card Members whose business or personal preferences have them spending on the go.
- Rewards points cards, for Card Members with more general spending habits.
- Cash back cards, for those who prefer to earn money by spending money, in the form of a statement credit.
Understanding the value and nuances of each American Express Card’s benefits can help you choose the right Card for you and your lifestyle. Terms apply to all benefits for the Credit Cards listed below and all offers listed are subject to change.
If you’re an avid traveler and restaurant-goer, these three “classic” American Express Cards were designed to meet your needs. The Membership Rewards® points you earn with these credit cards – and other eligible American Express Cards – won’t expire as long as you have at least one active, enrolled Card, and there’s no cap to how many you can earn, so they’ll be waiting for whenever you’re ready to redeem them.
American Express® Green Card. Amex’s Green Card gets you 3 points/dollar spent on eligible restaurant, transit, and travel purchases, with 1 point on other eligible purchases. Travel-oriented extras include no foreign transaction fees3 and $100 yearly credits for airport lounge access and CLEAR, a service that helps you quickly get through security at select airports and stadiums. It has an annual fee of $1503 and offers payment flexibility: If you don’t plan to pay your balance in full, you can request eligible purchases to be paid over time,3 subject to limitations.
Consider the Green Card if: you’re a more casual traveler and diner, can pay an annual fee of $150,3 and you desire a fairly flexible repayment scheme.
American Express® Gold Card. Similar to Green, but with 4X points at restaurants and 3X points on flights booked directly with airlines or through American Express Travel. Gold also adds 4X points per dollar spent at U.S. supermarkets on up to $25,000 a year in purchases, and 1X points on other eligible purchases. Gold’s annual fee is $250,4 and you typically have to pay your balance in full each month unless you opt into Pay Over Time – with interest, of course. Despite the supermarket spending perk, Gold still emphasizes travel and dining, but also adds:
- An automatic $10 a month in Uber Cash after adding your Gold Card to your Uber account, for up to $120 a year that can be spent on Uber rides and Uber Eats.
- Up to $100 a year in hotel credits to spend on qualifying dining, spa, and resort activities at participating properties.
- When booking through Amex Travel, potential room upgrades at participating properties.
Consider the Gold Card if: you travel and dine out often, can pay the $250 annual fee,4 and want to boost your rewards-earning potential from regular supermarket shopping.
The Platinum Card®. Platinum shines for avid travelers, with 5X points for flights booked directly with airlines or Amex Travel on up to $500,000 a year in purchases, and 5X points on hotels booked and paid in advance through Amex Travel. The Card and its $695 annual fee5 also offer many more valuable travel, airline, and hotel benefits that can make every trip more luxurious – like exclusive hotel benefits and access to more than 1,400 lounges in over 140 countries, across 650 cities as of 9/2021 with The Global Lounge Collection®.
The Platinum Card also offers a suite of benefits that can help make life more rewarding at home. For example, Card Members can enjoy an annual $240 Digital Entertainment Credit across several digital entertainment partners, such as Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM®, and The New York Times (including digital or print news, NYT Games, and NYT Cooking). When you pay with your card, statement credits are earned on a monthly basis of up to $20 and can be earned on purchases at any qualifying entertainment partner. Enrollment is required.6 For more about the Card’s everyday benefits, read “How Platinum’s Elevated Lifestyle Benefits Can Help Make Every Day an Adventure.”
Consider The Platinum Card if: you’re looking to get the most out of life, whether you want to stay inspired at home, enjoy luxurious travel benefits on the road, or both.
Interested in earning Membership Rewards points for the purchases you make every day? These two American Express Cards – Amex EveryDay and Amex EveryDay Preferred – reward you for regular spending, from restocking the fridge to filling the gas tank and more. Your spending earns Membership Rewards points that can be redeemed in a variety of ways, such as travel, gift Cards, and statement credits.
Amex EveryDay Credit Card. This Credit Card will get you 2X points/dollar spent at supermarkets on up to $6,000 in yearly purchases. You’ll also get 2X points/dollar for purchases made through Amex Travel. Other purchases get 1 point per dollar spent. But if you use your Card for 20 or more purchases within a billing period, you can get a 20% point bonus on that month’s purchases. There’s no annual fee.7
Consider the Amex EveryDay Card if: you’re interested in a Card that allows you to earn rewards for everyday purchases like groceries and don’t want to pay an annual fee.7
Amex EveryDay Preferred Credit Card. Get 3X at supermarkets up to $6,000 in yearly purchases, 2X at gas stations and Amex Travel, 1 point on other eligible purchases, and a 50% points bonus for 30+ purchases in a billing period. It comes with a $95 annual fee.8
Consider Amex EveryDay Preferred if: you’re interested in a Credit Card that offers more rewards for spending at supermarkets and gas stations.8
If earning points isn’t for you – or you want to expand the ways you can earn Credit Card benefits – American Express offers three Cards that earn you cash back on all eligible purchases. Instead of earning points that you can then redeem for a number of options, cash back can be redeemed for statement credits – effectively earning you a discount on every purchase. Each Card has different potential bonus categories, outlined below, so you can find the right cash back Card to match your spending habits.
What’s more, all three Cards – Cash Magnet, Blue Cash Everyday, and Blue Cash Preferred – allow new Card Members to enjoy $0 introductory Plan It® fees9,10,12 for plans set up during the first 12–15 months of Card Membership, depending on the Card. Plan It by American Express lets you make purchases of $100 or more on the Card and split them into fixed monthly installments. For each plan created after the introductory period ends, you’ll pay a fixed monthly Plan It fee, disclosed up front. Your plan fee will be up to 1.33% of each purchase moved into a plan, with the exact percentage determined by the plan duration, the APR that would otherwise apply to the purchase, and other factors. In other words, you’ll pay a fixed monthly Plan It fee for each new plan you create – instead of the annual percentage rate (APR) you’d typically pay when carrying a balance on your Card. Any purchases not included in a Plan will be subject to interest charges if the remaining monthly statement balance is not paid off on or before the payment due date.
Cash Magnet Card. Perhaps the most straightforward of American Express’ cash back Cards is the Cash Magnet, with unlimited 1.5% cash back on all eligible purchases. There’s no annual fee.9
Consider the Cash Magnet Card if: you want to earn rewards in the form of cash back instead of points, you like simplicity, and don’t want to pay an annual fee.9
Blue Cash Everyday Card. This is a no annual fee10 cash back Card that aims to help you earn rewards for everyday essentials. For example, the Card offers:
- The Disney Bundle Credit, which allows you to get a $7 monthly statement credit (up to $84 back annually) after using your enrolled Blue Cash Everyday Card to spend $13.99 or more each month on a subscription to The Disney Bundle. Valid only at Disneyplus.com, Hulu.com, or Plus.espn.com in the U.S.11
- Home Chef Credit, which allows you to get up to $15 in statement credits monthly for online purchases made with meal kit delivery service, Home Chef, on your Blue Cash Everyday Card (up to $180 in statement credits annually). Enrollment required. Shipping available in the contiguous U.S. only.11
- 3% cash back at U.S. supermarkets, on up to $6,000 in yearly purchases.
- 3% cash back at U.S. online retailers, on up to $6,000 in yearly purchases.
- 3% cash back at U.S. gas stations, on up to $6,000 in yearly purchases.
- 1% cash back on all other eligible purchases.
Consider the Blue Cash Everyday Card if: you want a no-annual-fee grocery, gas, and online retail rewards Card that earns you cash back instead of points, in addition to select streaming and meal-kit credits.
Blue Cash Preferred Card. Blue Cash Preferred offers cash back opportunities on additional spending categories like streaming subscriptions and transit. With the Card’s $95 annual fee12 come a variety of reward opportunities that can be especially valuable for families and those who use a lot of streaming services, tend to cook at home, value wellness, or even commute to work. For example, with this Card you can get:
- A $120 Equinox+ Credit to use toward Equinox+, a premium fitness streaming service with immersive workouts, including yoga, meditation, spin, strength training, and cardio classes.13 In other words, you can automatically receive a $10 statement credit every month – up to $120 annually – after paying for your monthly Equinox+ membership fees using your Card at equinoxplus.com. Enrollment is required.
- 6% cash back at grocery stores on up to $6,000 a year in eligible purchases.
- 6% cash back on select streaming subscriptions.
- 3% cash back on transit.
- 3% cash back on gas stations.
- 1% cash back on all other eligible purchases.
Consider the Blue Cash Preferred Card if: you tend to spend a lot at grocery stores and gas stations, love your streaming services, and may benefit from the Equinox+ credit.12
The best American Express Card for you depends on where you spend your money, how much you typically spend, and how you like to earn your rewards. American Express offers multiple Card types – travel and dining, everyday spending, and cash back – each with a unique mix of rewards and benefits so you can find the best match for your purchasing preferences.
Article Sources and Notes
1 “Credit Card,” Encyclopaedia Britannica
2 “Our History,” American Express
3 For more on Rates and Fees for the American Express® Green Card, click here.
4 For more on Rates and Fees for the American Express® Gold Card, click here.
5 For more on Rates and Fees for The Platinum Card®, click here.
6 For more on Offer & Benefit Terms for The Platinum Card®, click here.
7 For more on Rates and Fees for Amex EveryDay® Credit Card, click here.
8 For more on Rates and Fees for Amex EveryDay® Preferred, click here.
9 For more on Rates and Fees for the Cash Magnet® Card, click here.
10 For more on Rates and Fees for the Blue Cash Everyday® Card, click here.
11 For more on Offer & Benefit Terms for the Blue Cash Everyday® Card, click here.
12 For more on Rates and Fees for the Blue Cash Preferred® Card, click here.
13 For more on Offer & Benefit Terms for the Blue Cash Preferred® Card from American Express, click here.