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Rearranging My American Express Accounts To Build Bricks Of Cash & Points

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Question: Do Amex Employee Cards Earn the Same As Normal Cards?

Maximizing American Express

It may not be spring yet, no matter how much I wish it was, but it is time to do some early spring cleaning so to speak. A part of this spring cleaning is shifting and moving some things around to ensure I am maximizing American Express for all they are worth. My game plan involves closing accounts, upgrades, taking advantage of referrals and even grabbing some accounts without a welcome offer.  This is all in an effort to reach my miles and points resolutions, or goals, for 2022.

My American Express Game Plan

I will break this down part by part and explain what my plans are for each move.

Closing Accounts

First up is I need to clear some space. American Express has a limit on how many credit cards you can hold, 5, and some weird rules on which cards count towards this (Amex Green card).  Both myself, and my wife, are up against this limit and we need to free up some space to make this plan come together.

Amex Hilton

First off, I need to close my no fee Amex Hilton card.  I have held onto this card for a few years hoping for one of those juicy upgrade offers. It doesn’t appear that offer is coming for a third time. I had considered closing it last year to free up the space but then the dining credits were rolled out so I kept it another year. Since those ended a few weeks back it is time to give this card the axe.

EveryDay Preferred

Next up is closing my wife’s EveryDay Preferred card. I had planned on doing it last year as well but she ended up getting a retention offer for it.  We are working on hitting the $6,000 in grocery cap before her annual fee hits in February. After that we will close the card to open up a slot.


Next up is upgrading a card in order to increase our earning rates. Another bonus is it will free up another slot because of the weird rules for the Amex Green card.

Amex Gold Card

I currently have the Amex Green card that I grabbed last year for the welcome offer. This was the card I was able to shave years off the once per lifetime rule with. The Green card is a decent product but the Amex Gold card fits my spending style more with its bonused U.S. supermarket and U.S. restaurant earn rates. Once the annual fee posts I plan on upgrading my Green card to the Gold card so I can earn the 100,000 Membership Rewards points. Those points will be racked up from the 4X grocery earning at U.S. supermarkets on $25,000 in spend every year.  A bonus to this move is it will unlock another credit card slot since the Amex Green card is treated differently from the Gold card.

Referral Bonuses

The reason we need to free up some slots is to take advantage of the lucrative Amex referral program.  My wife has a 30,000 Membership point referral offer on her Amex Platinum card (max of 55,000 points) and I have a 25,000 point referral on my Amex Business Gold card.  We will be using both of these to increase our earning rates.

Grabbing New Cards

We have jumped through a few hoops to get to the end game here.  There are a couple of cards that we need to grab to help on our quest towards my 2022 goals.  Unfortunately, these are cards I have had before. We are down to slim pickings with Amex because we have each carried most of the cards already.  I may get lucky since it has been a while since I carried them but I imagine I am still in pop-up purgatory anyway.

Blue Cash Preferred (X2)

First up is grabbing the Blue Cash Preferred for the 6% back at U.S. supermarkets on the first $6,000 in spend each year.  That is $360 in cash back I could earn, or $265 after taking the $95 annual fee into account.  What makes this a better deal is taking advantage of the referral bonuses when grabbing them. There is a chance that the annual fee will be waived the first year even if I get the pop-up which would give me the full $360 in value.

EveryDay Preferred

After finishing up on the Blue Cash Preferred cards I will grab an EveryDay Preferred for myself too.  That will unlock another $6,000 in grocery spend. As you can see, I love grocery spend I guess. If I time the spend up with months that I have 30 or more transactions that is a 4.5X earning rate.

Amex Platinum Benefits Guide: Maximize Value

Finally Tally From Maximizing American Express

Here are the final numbers if you haven’t been keeping track at home.  This is assuming that I max everything out, as I plan to.

  • Amex Gold Upgrade – 100,000 Membership Rewards from grocery spend.
  • Blue Cash Preferred (X2) – $530 in cash back (possibly $720 if the annual fee is waived the first year even with a pop-up)
  • EveryDay Preferred – 27,000 Membership Rewards from grocery spend
  • Amex Platinum Referrals – 55,000 Membership Rewards from maxing out my wife’s Amex Platinum referral by referring me to the Blue Cash Preferred and EveryDay Preferred.
  • Amex Business Gold – 25,000 Membership Rewards from referring my wife to the Blue Cash Preferred.

That amounts to 207,000 Membership Rewards and at least $530 in cash back.  That should help me take a chunk out of my yearly goals.

Final Thoughts

Hopefully this gives you an idea of what you can pull off when maximizing American Express and using everything their program has to offer. This is all possible without earning any welcome offers.  If I in fact can get one or two of the welcome offers to trigger that makes these numbers look that much better. Since I have been in pop-up jail for a while now I am not planning on that though.  I should still have a nice haul of Membership Rewards and cash back without it anyway.

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Mark Ostermann
Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. I agree the grocery spend is dynamite, but what’s the strategy for spending what amounts to $3,100 per month to max out Gold and BCPx2?

  2. I got the old Premier Rewards Gold back in 2017, got the bonus and closed it a year later. I’m wondering if I can apply for the Gold this year and get the bonus. I’ve seen mixed DP’s on people getting the bonus again on the same card within 5 years or so. Currently out of pop up jail so if I’m not eligible for a bonus would I still get the pop up? Wouldn’t want to apply if I can’t get the bonus

    • Yeah a pop up should come up if you are not eligible. That is right around the timeline I had for my Green application. If you are able to get it via a referral then even if you don’t get the welcome offer that will give you something plus the 4X earning opportunity. That is enough for some people. Maybe try selecting Rose Gold too instead of the regular color – that could help.

  3. I am in pop up jail too but thanks to blogs like this I realized the benefit of my wife referring me to get an additional 4x on $25k of spend. Her account now shows 30k per referral. I see your wife referred you twice, so you don’t think there’s an issue with me doing the same (2x referral of same person, but two different offers)?


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