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Amex EveryDay Preferred Credit Card from American Express Review
The Amex EveryDay® Preferred Credit Card from American Express is a rewards credit card. It offers three points per dollar at U.S. supermarkets on up to $6,000 in annual purchases (one point per dollar after that), two points per dollar on AmexTravel.com purchases and at U.S. gas stations, and one point per dollar on all other purchases. When you make 30 or more purchases with your card in a billing period (excluding returns and other credits), you will earn 50% extra points. When you spend $2,000 within the first six months, you’ll earn 15,000 in bonus points.
For the first 12 months, there is a 0% introductory APR on purchases and balance transfers, then the APR is 18.24% to 28.24% variable. The card offers benefits, including car rental loss and damage insurance, a Global Assist hotline for emergencies, and purchase return protection.
- Issuer NameAmerican Express
- Annual Fee$95
- Regular APR18.24% to 28.24% variable
- Penalty APR29.24%
- Cash Advance FeeEither $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign Transaction Fee2.7% of each transaction after conversion to US dollars
- Frequently spend money on groceries and gas.
- Make 30 or more purchases each month.
- Could use 12 months of 0% introductory APR on purchases and balance transfers.
The Amex EveryDay® Preferred Credit Card earns 50% more rewards by making at least 30 purchases each billing cycle, so it’s a good idea to use this card if you make that many purchases – even if those purchases are small.
While rewards are a major feature of the Amex EveryDay® Preferred Credit Card, the 12-month 0% introductory APR on purchases and balance transfers can be helpful, too. That could make it easier to pay off a large purchase or high-interest balance from another card without paying interest. Just make sure you pay your balance in full before interest applies.
Editor’s Take
You can earn solid rewards on everyday purchases with the Amex EveryDay® Preferred Credit Card, especially if you make at least 30 purchases each billing cycle. However, since the Amex EveryDay® Preferred Credit Card only earns three points per dollar at U.S. supermarkets on the first $6,000 spent annually, you should use another rewards card after you meet that threshold if you want to earn the most from your grocery purchases.
Jessica MerrittContributor
When you spend $2,000 within the first six months, you’ll earn 15,000 bonus points.
Earning the 15,000-point welcome offer is the first way to maximize rewards with the Amex EveryDay® Preferred Credit Card. You’ll need to spend $2,000 within the first six months to earn the welcome offer.
Each billing cycle, you can earn 50% more rewards by making at least 30 purchases. If you make that many purchases in a billing cycle, it’s a good idea to use this card to get the bonus points. Keep in mind even small purchases count toward your 30 transactions.
Beyond the welcome offer and monthly 50% bonus, you can earn three points per dollar at U.S. supermarkets on up to $6,000 in annual purchases (one point per dollar after that), two points per dollar on AmexTravel.com purchases and at U.S. gas stations, and one point per dollar on all other purchases. Points can be redeemed through the Membership Rewards program to pay for eligible purchases, book travel, or transfer to air and hotel partners.
U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.
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