Review of the Amex EveryDay and Amex EveryDay Preferred Credit Cards

John Ganotis

John Ganotis | Reviews

Jul 20, 2017 | Updated Aug 04, 2017

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American Express offers this pair of unique cards: the Amex EveryDay® Credit Card and the Amex EveryDay® Preferred Credit Card.

What makes them different?

They give you extra points if you use your card a certain number of times during a billing period. They’re meant to be used “every day.”

The EveryDay Preferred card is an upgraded version of the regular EveryDay card. The Preferred card comes with an annual fee, but for that you’ll also earn points at a higher rate and get a better bonus for using your card frequently during the month.

Want to browse other American Express cards? See current American Express offers on our partner’s site.

Read on to learn how they compare and how you can use them to save some cash on your most frequent purchases.

The American Express® Everyday Credit Card
Apply Now

The American Express® Everyday Credit Card

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 13.24% to 22.24% *Variable
Quick Card Facts
  • Earn 10,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months.
  • Earn 20% more points: Make 20 or more purchases with your Card in a billing period and get 20% extra points on those purchases less returns and credits. Terms and limitations apply.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases. Terms and limitations apply.
  • You can use Membership Rewards® Pay with Points to pay for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and limitations apply.
Amex EveryDay® Preferred Credit Card from American Express
Apply Now

Amex EveryDay® Preferred Credit Card from American Express

For People with
Excellent Credit

  • Annual Fee: $95
  • Interest Rate: 13.74%–23.74% Variable
Quick Card Facts
  • Earn 15,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months.
  • Earn 50% more points: Make 30 or more purchases with your Card in a billing period and get 50% extra points on those purchases less returns and credits. Terms and limitations apply.
  • 3x points at US supermarkets on up to $6,000 per year in purchases (then 1x); 2x points at US gas stations; 1x points on other purchases. Terms and limitations apply.
  • You can use Membership Rewards® Pay with Points to pay for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking through amextravel.com.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 13.74% to 23.74%, based on your creditworthiness and other factors.
  • Terms and limitations apply.
  • Visit our credit card partner’s site in order to learn more and securely apply for The Amex EveryDay® Preferred Credit Card from American Express

Our Rating: 4 out of 5 stars

We gave both of these cards 4 out of 5 stars. These are basic rewards cards for earning American Express Membership Rewards points for a low annual fee or no annual fee.

A point bonus based on the number of times the card is used is something we’ve only seen on these two cards, and can be very rewarding if you’re able to take advantage of it every month.

Depending on your purchasing habits and how often you’ll use the card, the annual fee for the EveryDay Preferred could easily pay for itself.

There’s a decent 12-month 0% introductory APR offer on each of these cards, which could be useful if you want to transfer a balance or make a large purchase and potentially avoid interest while paying it off over time. This is not as long as some introductory APRs that are out there, but it’s a nice feature to have on these cards that have so much reward potential.

Earning and redeeming points can be a little confusing, since it takes some work to figure out how you’ll redeem points to maximize their value. Instead, you could go for the simplicity of cash back with the Blue Cash EveryDay and Blue Cash Preferred cards from American Express.

Keep reading to learn more about the details of these cards and whether one might be a good fit for you.

Using one of these cards as part of your credit card strategy

  • You probably won’t want both of these cards in your wallet since they’re so similar, so choose the one that’s a better fit for your spending.
  • Use one of these cards as your go-to card at the supermarket, and gas stations too if you have the EveryDay Preferred.
  • Use one of these cards for small transactions or recurring bills to help you trigger the bonus each month and maximize points you’re earning.
  • If you already have a card that rewards you for spending at supermarkets, consider whether one of these cards would be more rewarding as a possible replacement.
  • If you’re unsure, you could start with the no-annual-fee EveryDay, and then evaluate your spending on the card after a year. If the annual fee would have been worth it to you, consider upgrading to the EveryDay Preferred.
  • Consider how you redeem your points, as there is a wide range of values you could get per point depending on how you redeem. Transfer your points to a partner airline to potentially maximize their value.

The Rewards

Amex EveryDay

With this card you’ll get:

  • 2 points per dollar at US supermarkets (up to $6,000 in purchases, then 1 point per dollar)
  • 2 points per dollar on eligible purchases from amextravel.com
  • 1 point per dollar on all other purchases
  • A 20% point bonus if you make at least 20 purchases in a billing period
  • A signup bonus of 10,000 points for spending $1,000 in the first 3 months

So, if you use this card to make at least 20 purchases in a given billing period (about a month’s time) you’ll get a 20% bonus on however many points you earned. Membership Rewards points don’t expire as long as the account is open and in good standing, so you can save up points over time without worrying they’ll go away.

Let’s say you earned 500 points and had over 20 transactions in the previous statement period. 20% of 500 is 100, so you would get an additional 100 points (600 points total) during that statement period. One way to look at this percentage-based point bonus is that if you hit the bonus, it’s the equivalent to earning 2.4 points per dollar at supermarkets, and 1.2 points per dollar for other purchases.

When it comes to redeeming points, cashing in points for statement credit will only get you $0.006 per point, while you can redeem for gift cards at $0.01 per point. You’ll usually be able to get the highest value for points by transferring Membership Rewards points to a partner’s frequent flyer program or hotel loyalty program.

If we assume a value $0.01 per point and you always hit the transaction threshold to trigger the bonus, you’re basically earning 1.2% to 2.4% cash back with this card, depending on the categories of your purchases. But remember, you could get more by redeeming your points in a way that values them above $0.01.

Points can be transferred to one of many major frequent flier/traveler programs:

Participating Airline Travel Partners Include:
Delta AeroMexico Air Canada KLM/Air France Alitalia ANA
Asia Miles British Airways El Al Israel Emirates Frontier Hawaiian Airlines
Iberia Plus jetBlue Singapore Airlines Virgin America Virgin Atlantic
Participating Hotel Partners Include:
Choice Privileges Best Western Rewards
Hilton HHonors Starwood Preferred Guest

Amex EveryDay Preferred

For its annual fee you get better rewards than the basic version:

  • 3 points per dollar at US supermarkets (up to $6,000 in purchases, then 1 point per dollar)
  • 2 points per dollar at US gas stations
  • 2 points per dollar on eligible purchases from amextravel.com
  • 1 point per dollar on all other purchases
  • A 50% point bonus if you make at least 30 purchases in a billing period
  • A signup bonus of 15,000 points for spending $1,000 in the first 3 months

You’ll need to use this card 30 times in a given billing period — or about once per day — to earn the 50% point bonus.

If you earned 500 points during a statement period where you hit the bonus like in the example above: 50% of 500 is 250, so you’d get 250 extra points, or 750 points total.

When you hit the threshold that’s the equivalent of earning 4.5 points per dollar at supermarkets, 3 points per dollar at gas stations, and 1.5 points per dollar for all other purchases.

You’ll be able to redeem points with this card just like the basic EveryDay described above. So, if we assume a value $0.01 per point and you always hit the transaction threshold to trigger the bonus, you’ll basically earn 1.5% to 4.5% cash back with this card, depending on the categories of your purchases, and you could get more by redeeming your points in a way that values them above $0.01.

The Verdict

These cards offer several ways to earn points, and, as you can see, you have the potential to earn a lot more points with the Preferred card.

The unique value of these cards come from the point bonuses for frequent spending, but the question is: will you really use one of these cards enough to earn the bonus?

You may find it difficult to use the basic EveryDay card 20 times per month, and I think most people would have a very hard time using the EveryDay Preferred 30 times per month to get the 50% bonus (unless you go out of your way to make a lot of tiny purchases).

Thankfully there is a way around this — you can sign up your (trusted) friends and family as authorized users on your account, which will give them their own cards to use. Having 2 or more people spending with the card will make it much easier to get you to those thresholds.

But, if you can’t get an authorized user or two on your account, you may not be able to reach the spending threshold every month, and you won’t be able to use these cards to their full potential.

If you’re trying to decide between these two cards, first consider how much you’ll spend at supermarkets. If you spend the full $6,000 per year that will earn you extra points, you’ll earn 12,000 points with the regular EveryDay card or 18,000 points with the EveryDay Preferred. Assuming a value of $0.01 per point, that’s $120 in rewards versus $180 in rewards, and that $60 difference alone is not enough to cover the annual fee of the EveryDay Preferred.

However, let’s assume you’re hitting the bonus threshold each month. Now, if you spend the full $6,000 per year at supermarkets, you’ll earn 14,400 points with the regular EveryDay card or 27,000 points with the EveryDay Preferred. Assuming a value of $0.01 per point, that’s $144 in rewards versus $270 in rewards, and that $126 difference more than covers the annual fee of the EveryDay Preferred. This doesn’t even consider the additional rewards you can earn at gas stations with the EveryDay Preferred.

You may need to do a little math and consider your spending to decide which card can earn you more when you factor in the annual fee, but as you can see it’s possible you can come out way ahead with the Preferred version if you spend enough at supermarkets and gas stations and take advantage of the whopping 50% bonus you get for having at least 30 transactions per month.

The Benefits

There is only 1 difference in the benefits of these cards, according to Amex. Check your card terms for details on the specific benefits you have and how to access them.

First, the shared benefits for both the Everyday card and the EveryDay Preferred card.

Entertainment Benefits

Entertainment Access®

Provides exclusive access to pre-sale and member-only events in big cities around the world. Some current offers are tickets to see “The Illusionists” Live on Broadway, preferred seating to see “The Sound Of Music” in Los Angeles, and exclusive access to a special lunch hosted by Chef Emeril Lagasse in Chicago.

Shopping Benefits

Dispute Resolution

American Express will work with you to resolve any problems you have with unauthorized or unrecognized charges.

Purchase Protection

Eligible items are protected against damage and theft for 90 days after the date of purchase.

Return Protection

If a retailer refuses to take back an item, American Express will provide a refund for eligible items up to 90 days after the date of purchase, up to $300 per item and $1,000 per year.

Extended Warranty

Adds up to 1 year to the manufacturer’s warranty on eligible items, for warranties of 5 years or less.

Travel Benefits

Global Assist® Hotline

When traveling more than 100 miles from home, provides 24/7 access to legal, medical, emergency, and other assistance services.

Travel Accident Insurance

Provides coverage against accidental death and dismemberment when traveling by Common Carrier.

Roadside Assistance Hotline

If you break down on the road, Roadside Assistance will help you find nearby services to get you back on track. Third-party service charges will apply.

Car Rental Loss and Damage Insurance

Provides coverage if your rented car is damaged or stolen, when the rental company’s own insurance is declined. Not all vehicle types and rentals are covered.

Exclusive to Amex EveryDay Preferred

Baggage Insurance Plan

This benefit is only available with the EveryDay Preferred version of the card. When traveling by Common Carrier, this benefit provides coverage if your checked or carry-on bags are lost or damaged.

The Verdict

As you can see, both of these cards provide a nice set of extra perks to help you out when shopping and traveling. You can also make good use of the Entertainment Access in cities around the world to make your trips a bit more fun.

The EveryDay Preferred card only has the one baggage insurance benefit that the basic card doesn’t offer, so there isn’t a lot to consider when comparing the benefits these two cards offer.

The Costs & Fees

Card Annual Fee Intro APR for Purchases and Balance Transfers Regular APR Regular Balance Transfer APR Cash Advance APR Foreign Transaction Fee
Amex Everyday $0 0% for 12 months 13.24% to 22.24% *Variable 13.24% to 22.24% *Variable 25.49% *Variable 2.7%
Amex EveryDay Preferred $95 0% for 15 months 13.74%–23.74% Variable 13.74%–23.74% Variable 25.99% Variable 2.7%
Card Penalty APR Late Fee Returned Payment Fee
Amex Everyday 29.49% *Variable Up to $37 Up to $37
Amex EveryDay Preferred 29.24% (Variable) Up to $38 Up to $38

The Verdict

When it comes to the costs and fees, there is only one difference between these cards: the Preferred version has an annual fee, while the basic version does not.

Examine your shopping habits carefully before making a decision between the regular EveryDay and the EveryDay Preferred — will that $95 fee be worth it? If you spend a lot at supermarkets and make plenty of purchases to hit that 30 purchase threshold, it’s likely that the card will be worth the fee.

The Bottom Line

First, you’ll need to decide if one of these cards is right for you: do you already have a credit card that’s giving you more rewards at supermarkets? Or a general use rewards card you use for small purchases?

If you don’t have either of those and have good credit, you may as well get the regular EveryDay card or the similar no-annual-fee Blue Cash card since there is no annual fee and you could earn more rewards where you’re not already earning any.

However, if you know that you’ll be using the card for at least 30 transactions per month and you’ll spend a lot at supermarkets and gas stations, then the EveryDay Preferred may be more than worth the annual fee for you.

Adding an authorized user or two could help you hit the threshold to trigger point bonuses faster, and this can be a great way to rack up rewards (as long as everyone uses his or her card responsibly).

If you liked this review, go ahead and share it with a friend! And if you use either of these cards, do you have a hard time getting to the purchase threshold? How do you do it? Leave your own review of the EveryDay card or the EveryDay Preferred, we’d love to here from you!

Was this helpful?
  • okra

    The Everyday Moments contest ended 4/21/14

    • gohnjanotis

      Thanks for catching that, Okra! I’ve updated the post.

  • Amy C.

    What is the “transaction threshold”? Do you have to spend a certain
    amount before you start earning points? I’m very new to this…

    • Brendan Harkness

      Hi Amy, thanks for your question, and I’m sorry that this response took so long. In this review, “transaction threshold” is referring to a special feature on these cards.
      With the Everyday card, if you make at least 20 purchases (also here called transactions) in 1 month, you’ll receive a 20% bonus on your points for that month.
      With the Everyday Preferred card, if you make at least 50 purchases in 1 month, you’ll receive a 50% bonus on your points for that month.
      This number of purchases, 20 or 50, is what is meant by the “transaction threshold.”

      Most cards don’t have this feature. If you have any more questions, please let us know.

  • Small Fry

    Over two years later, I never thought that the American Express EveryDay card never really caught on?

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