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Now American Express also offers a Plenti credit card that lets you earns more Plenti points than ever before – because you now can earn Plenti points everywhere you shop. But you should remember that these are Plenti points, not traditional Memebrship Rewards points.
How the Plenti Amex Works
The Plenti credit card has no annual fee and it earns you the following Plenti points:
3 Plenti points at supermarkets (on the first $6,000 a year)
2 points per $1 at restaurants
1 Plenti point per $1 on all other spending.
The card also has a 5,000 Plenti point bonus after spending $250 during the first three months.
And, unlike the regular Plenti rewards program, the Plenti Credit Card lets you earn Plenti points on every single purchase.
Other Ways to Earn Plenti Points
As a member of the Plenti program, cardholders will also have a chance to earn additional Plenti points through special offers and an online marketplace. You can also transfer Amex Membership Rewards points over to your Plenti account.
You can also register to receive offers and special deals online or through the Plenti app. These offers work like coupons and change weekly.
Examples of current special offers include 300 points on your first Exxon or Mobil purchase of at least 10 gallons of fuel.
You can earn Plenti points by shopping through the program’s Online Marketplace. You’ll earn at least 1 point per $1, but many stores offer better rewards. For example, you can earn 5 points per $1 by shopping at Shutterfly through the Online Marketplace.
Transfer Membership Rewards Points
If you have an American Express card that earns Membership Rewards points, you can also transfer MR points to the Plenti program at a 1:1 rate then use the Plenti points at select partners.
Transfers only work one way. You will not be able to transfer any Plenti points over to your Membership Rewards account.
Redeeming Plenti Points
Each 100 Plenti points is worth $1.
You can use Plenti points to save money at checkout at Rite Aid, Mobil, Macy’s, or AT&T once you have at least 200 points or $2.
The limited redemption options are the major downside to the Plenti program. For example, while you can earn Plenti points at Hulu, you currently cannot use your rewards toward a Hulu subscription.
The Plenti Credit Card is an American Express credit card, so it does come with a few extra perks:
All of these additional benefits do require you to pay with your American Express Plenti card. And come with some additional requirements for eligibility. So be sure to read the fine print.
While the reward rate may seem decent, remember that you earn Plenti points with the card, not Membership Rewards points. The points can’t be transferred to American Express partners and they can currently only be redeemed at select Plenti partners.
Unless the Plenti program gets major updates in where you can earn points and how they can be used, the Plenti AmEx credit card is not worth it when Membership Rewards points, and even other credit card issuer loyalty programs, are more valuable and flexible.
Credit Shout is a community of personal finance experts dedicated to helping you save money and make smart financial decisions. Learn how to master your credit card rewards, improve your credit score and start eliminating your debt.