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The information for the following product(s) has been collected independently by Business Insider: Amex EveryDay® Preferred Credit Card, Amex EveryDay® Credit Card. The details for these products have not been reviewed or provided by the issuer. The Amex EveryDay® Preferred Credit Card is worth considering if you want to earn valuable Amex Membership Rewards points — especially if you spend a lot on groceries, gas, or travel — without incurring a high annual fee.
But you'll need to use the card at least 30 times a month to make it worthwhile. Earn 1-3 points per dollar on purchases, plus a 50% bonus for making at least 30 transactions in a billing cycle $95 0% intro APR on purchases and balance transfers (made in the first 60 days) for 12 months from the date of account opening 15.99% - 25.
99% Variable Earn 15,000 points Excellent Check mark icon A check mark. It indicates a confirmation of your intended interaction. Strong rewards at US supermarkets Check mark icon A check mark.
It indicates a confirmation of your intended interaction. You can earn a 50% points bonus each billing period when you make at least 30 purchases con icon Two crossed lines that form an 'X'. Annual cap on earning bonus rewards at US supermarkets con icon Two crossed lines that form an 'X'.
Not the best option for earning rewards outside of US supermarkets and US gas stations — especially if you don't make at least 30 purchases per billing statement to earn the bonus The Amex EveryDay® Preferred Credit Card is worth considering if you want to earn valuable Amex Membership Rewards points — especially if you spend a lot on groceries, gas, or travel — without incurring a high annual fee. But you'll need to use the card at least 30 times a month to make it worthwhile. Amex EveryDay Preferred Overview If you're looking to earn flexible points you can use for travel, American Express issues some of the best credit cards .
There are several cards that earn Amex Membership Rewards points , but most charge high annual fees of $150 or more. The Amex EveryDay® Preferred Credit Card clocks in at a more modest price point, with an annual fee of $95. That's in line with other top travel rewards credit cards like the Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card , although that's where the similarities end.
The welcome bonus offer on the Amex EveryDay® Preferred Credit Card is a lot lower than what you'd expect from a card of its caliber. New cardholders can earn 15,000 points after you spend $2,000 on purchases in the first six months of account opening. That's worth around $270 in travel, based on Insider's points and miles valuations .
Cardholders earn 3x points at US supermarkets (on up to $6,000 per year in spending, then 1x), 2x points at US gas stations and on eligible travel purchases made at Amex Travel, and 1 point per dollar on everything else. The Amex EveryDay® Preferred Credit Card also offers good benefits, including a 0% intro APR on purchases and balance transfers (made in the first 60 days) for 12 months from the date of account opening (then a 15.99% - 25.
99% Variable APR), car rental insurance, purchase protection, and extended warranty. Those don't seem like remarkable earning rates, but the Amex EveryDay® Preferred Credit Card has a superpower. If you make at least 30 transactions during a billing period, you'll earn 50% more points on all purchases in that billing cycle.
That means up to 4.5x points for spending at US supermarkets (3x regular points x 1.5), making the card one of the best credit cards for buying groceries .
That said, if you're the type of person who only uses their credit card a few times a week, this is probably not the best card for you. Instead, check out our guides to the best American Express cards and best rewards credit cards for other top options. How to Earn Rewards From the Amex EveryDay Preferred Card The Amex EveryDay® Preferred Credit Card has an earning structure that's dependent on whether or not you meet the transaction bonus threshold each billing cycle.
Its basic earning rates are as follows: 3x points at US supermarkets on up to $6,000 in spending per year, then 1x (excluding superstores, convenience stores, warehouse clubs, and meal-kit delivery services) 2x points at US gas stations (excluding superstores, supermarkets, and warehouse clubs that sell gasoline) 2x points on eligible travel purchases made at American Express Travel 1 point per dollar on everything else But when you factor in the 50% bonus points for making at least 30 transactions in a billing cycle, your effective earning rates become: 4.5x points at US supermarkets on up to $6,000 in spending per year, then 1.5x 3x points at US gas stations 3x points on eligible travel purchases at Amex Travel 1.
5 points per dollar on everything else Again, you'll get the most value from the Amex EveryDay® Preferred Credit Card when you meet the 30-transaction threshold in a billing cycle. Otherwise, the card's earning rates are fairly average, and not worth the $95. How to Use Amex Membership Rewards Points American Express Membership Rewards are among the most versatile transferable points you can earn.
You'll typically get the most value from your rewards when you transfer them to Amex's airline and hotel partners to book award travel. The best rate of return often comes from business- and first-class award flights, or award stays at luxury hotels.That's why Insider's valuations peg Amex points as worth 1.
8 cents apiece, on average. There are other ways to redeem your rewards, but you'll get a lower rate of return. These include: Redeem points at a rate of 1 cent apiece for flights, and at a slightly lower rate for hotels, rental cars, and more through American Express Travel (a good option if you don't want to worry about award charts or blackout dates) Use points for gift cards (usually 1 cent per point) Cash in points for statement credits (0.
6 cents per point) Pay with points at Amazon , Best Buy, Walmart, Saks Fifth Avenue, Boxed.com, Dell.com, Staples, and more (0.
7 cents per point) Redeem points for food delivery with GrubHub and Seamless (0.7 cents per point) Use points toward New York City taxi fare in vehicles using enabled point-of-sale devices (1 cent per point) Shop with points for gifts and merchandise through Amex (usually 0.5 cents per point) Amex EveryDay Preferred Benefits and Features The Amex EveryDay® Preferred Credit Card comes with a handful of useful benefits that can save you money and protect your purchases.
That said, it's a little lackluster in the perks it offers compared to other rewards credit cards with similar annual fees — you won't get any travel statement credits or airport lounge passes with this card, for instance. The Amex EveryDay® Preferred Credit Card can save you money on interest with its a 0% intro APR on purchases and balance transfers (made in the first 60 days) for 12 months from the date of account opening (then a 15.99% - 25.
99% Variable APR). This can come in handy if you have bigger purchases coming up that you want to pay for over time, or if you want to transfer a balanc e from another credit card and avoid high interest charges. This card's 0% APR is decent, but it shouldn't be the primary reason you open the card.
In fact, you'll find offers for much longer APRs in our guides to the best balance transfer credit cards and best 0% APR credit cards . It really stings when you purchase a fancy new item and it breaks soon afterward. When you use the Amex EveryDay® Preferred Credit Card to pay for an item and it's damaged or stolen withing 90 days of purchase, you could be eligible for purchase protection of up to $1,000 per covered purchase and $50,000 per card, per calendar year ($500 coverage for natural disasters).
Be sure to read about exclusions and exceptions. If you pay for a qualifying item with the Amex EveryDay® Preferred Credit Card, you're eligible for extended warranty coverage. This extends the duration of original manufacturer's warranties of five years or less by up to one additional year.
Coverage is limited to up to $10,000 per covered purchase and $50,000 per card per calendar year. Again, there are exclusions. Pay for your car rental with the Amex EveryDay® Preferred Credit Card and decline the rental company's collision damage waiver to receive secondary auto rental coverage.
This is secondary coverage, not primary car rental insurance , so it only covers amounts not covered by your own personal insurance policy. If you purchased a qualifying item with your Amex EveryDay® Preferred Credit Card and the merchant won't take it back, you could be eligible for reimbursement of $300 per eligible item (with a maximum of $1,000 per calendar year) for up to 90 days after the purchase date. Amex's Global Assist Hotline is available for cardholders who run into trouble when they're traveling away from home.
It can help with things like missing luggage tracking, translation services, emergency legal and medical referrals, lost passport assistance, prescription assistance, and more. The hotline is there to help arrange these services, but you'll be responsible for any third-party charges. Like other American Express cards, the Amex EveryDay® Preferred Credit Card gets you access to Amex Offers .
** These are targeted deals that get you cash back or bonus points when you shop with participating merchants, services, and travel brands. To view your available offers, log into your card account and scrolling down. You'll earn the cash back or bonus points after you activate the offer and make a qualifying purchase.
(Eligibility for these offers is limited. Enrollment is required in the Amex Offers section of your account before redeeming). Amex EveryDay Preferred Fees and Costs The Amex EveryDay® Preferred Credit Card charges an annual fee of $95.
You'll want to avoid using it for international purchases, because it adds foreign transaction fees of 2.7%. If you plan to travel abroad, pack one of the best credit cards with no foreign transaction fees instead to avoid these pesky charges.
As with most other cards, the Amex EveryDay® Preferred Credit Card also charges fees for balance transfers, cash advances, late payments, and returned payments. The regular APR is 15.99% - 25.
99% Variable, so you'll want to avoid carrying a balance if possible. Compare the Amex EveryDay Preferred Amex EveryDay® Preferred Credit Card Chase Sapphire Preferred® Card Capital One Venture Rewards Credit Card Annual fee $95 $95 $95 ( rates and fees ) Rewards rate 3x points at US supermarkets* 2x points at US gas stations 2x points on eligible travel purchases made at Amex Travel 1 point per dollar on everything else 50% more points on all purchases in a billing cycle if you make 30 or more transactions 5x points on Lyft rides through March 2025 5x points on all travel purchased through Chase Travel SM 3x points on dining, including eligible delivery services, takeout, and dining out 3x points on select streaming services 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs) 2x points on other travel 1 point per dollar on everything else 5 miles per dollar on hotels and rental cars booked through Capital One Travel 2X miles on all other purchases Welcome bonus 15,000 points after you spend $2,000 on purchases in the first six months of account opening 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening 75,000 miles once you spend $4,000 on purchases within the first three months of account opening, plus receive a one-time $250 Capital One Travel credit in your first cardholder year Card benefits 0% intro APR on purchases and balance transfers (made in the first 60 days) for 12 months from the date of account opening (then a 15.99% - 25.
99% Variable APR) Purchase protection Extended warranty Car rental insurance Return protection Global Assist Hotline Access to Amex Offers Up to $50 in statement credits each year toward hotel stays booked through Chase Complimentary DoorDash DashPass membership through December 31, 2024 Six-month complimentary Instacart+ membership (activate by July 31, 2024) Up to $15 per quarter in Instacart credits through July 2024 10% anniversary point bonus Primary car rental insurance Trip interruption/cancellation Trip delay insurance Baggage delay insurance Lost luggage reimbursement Extended warranty Purchase protection Travel and emergency assistance services Travel accident insurance Roadside dispatch No foreign transaction fees Global Entry/TSA PreCheck application fee credit Car rental insurance*** Travel accident insurance*** Purchase assurance on eligible purchases*** No foreign transaction fees Review Chase Sapphire Preferred card review Capital One Venture card review *3x points at US supermarkets on the Amex EveryDay® Preferred Credit Card on up to $6,000 per year, then 1x Amex EveryDay Preferred Card Frequently Asked Questions (FAQ) You'll have the best chance of being approved for the Amex EveryDay® Preferred Credit Card if you have an excellent credit score ; that is, a FICO score of 740 or higher. If your score isn't quite there yet, check out our guide to the best credit cards for average credit for other top options. The Amex EveryDay® Preferred Credit Card is really only worth it if you can make the most of the card's bonus earning categories by making 30 or more transactions each billing cycle to trigger the 50% points bonus.
Otherwise, paying a $95 annual fee for the card doesn't really make sense, since you can get equal or higher rates of return for you spending from many no-annual-fee credit cards. One other reason to hold the card is if you like Amex Membership Rewards points but don't want to pay the high annual fee of premium Amex Membership Rewards-earning cards (like the American Express® Gold Card or The Platinum Card® from American Express ). However, if that's your only reason, consider the no-annual-fee Amex EveryDay® Credit Card as well.
Use your Amex EveryDay® Preferred Credit Card for everything! Any transaction counts — even small ones like your morning cup of coffee or a pack of gum from the gas station. Between using the card for everyday expenses like groceries, gas, and utilities, it isn't hard to reach this threshold provided you stick to using only this card..
