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The EveryDay card is designed for shopping at supermarkets, so it’s a good choice for groceries. The Chase Freedom offers cash back in rotating categories that change every 3 months, so it’s useful for a variety of purchases.
Read on to learn more about these cards, and why you might want one or both of them.
Both cards offer a generous rewards program, but they take very different approaches.
- 2x points per dollar when shopping at supermarkets (on up to $6,000 in purchases per year)
- 1x point per dollar on all other purchases
- 15,000 bonus points if you spend $1,000 in the first 3 months (web-page offer only)
- 20% point bonus if you use your card 20 or more times per billing period (bonus applies to those purchases)
Points can be redeemed for statement credits or gift cards, or can be transferred to over 20 major frequent flyer programs.
- 5% cash back in certain categories, up to $1,500 in purchases every quarter (then 1% cash back)
- 1% cash back on all other purchases
- $150 signup bonus for spending $500 in the first 3 months
- Access to the Chase Ultimate Rewards marketplace, where you’ll find special deals at participating retailers
Here are some recent 5% cash back bonus categories, plus the 2019 categories up to the third quarter:
|QUARTER||5% CASH BACK CATEGORY|
|2018: October – December||Department Stores, Wholesale Clubs, Chase Pay|
|2019: January – March||Gas Stations, Tolls, Drugstores|
|2019: April – June||Grocery Stores, Home Improvement Stores|
|2019: July – September||Gas Stations, Streaming Services (includes Netflix, Hulu, Sling, Vudu, FuboTV, Apple Music, SiriusXM, Pandora and Spotify)|
You’ll need to go online and activate your 5% reward category before you can start earning points in it.
When it comes to the rewards, the card for you will clearly depend on your spending habits. Do you spend a lot of money at supermarkets, or are you always shopping at the stores in Chase’s 5% cash back calendar?
An interesting option here is to consider both cards, using the Freedom card when you make purchases in its categories and the EveryDay card when you go grocery shopping. Having several credit cards won’t hurt your credit; learn more about having and using multiple credit cards here.
The Freedom card does have a better introductory bonus: you’ll need to spend twice as much with the EveryDay card to receive the same reward, the equivalent of $150. The $1,000 mark of the EveryDay card, however, probably won’t be too difficult to reach.
Both of these cards come with quite a few additional shopping and traveling benefits. Here are some of the most interesting from each.
Exclusive discounts to events, concerts, sporting events, and shows.
For warranties of 5 years or less you can get up to one extra year added to the original manufacturer’s warranty.
Items purchased with your card are protected against accidental damage and theft within 90 days of the purchase.
If the merchant won’t take back an eligible item that you purchased on your card within 90 days from the date of purchase, American Express may refund the purchase price, minus shipping and handling, for up to $300 per item, up to $1000 per year for each account.
Travel Accident Insurance
Added financial security if death or dismemberment is caused when traveling by plane, train, ship, or bus.
Global Assist® Hotline
When you travel 100 miles or more from home you can get help with travel accidents such as a lost passport, the need for a lawyer, sudden illness, and more. You pay for all third-party service costs.
Roadside Assistance Hotline
Assistance with services such as towing, changing a flat, or boosting a battery in case of emergency. You pay for all third-party service costs.
Car Rental Loss and Damage Insurance
Stolen or damaged vehicles are covered if you use your card to pay and reserve the rental, and you decline the collision damage waiver. Not all rentals or vehicles are covered. Provides secondary coverage only, not liability coverage.
Purchases are covered for 120 days against theft or damage, up to $500 per claim and $50,000 per account.
Extended Warranty Protection
Eligible warranties of 3 years or less can be extended by up to an additional year.
If a merchant won’t take back an item within the first 90 days, reimbursement will be provided to refund eligible items, up to $250 per item; limited to $1,000 a year per account.
Travel and Emergency Assistance Services
Provides a number of emergency services, 24/7. Services include sending emergency messages, providing medical and legal referrals, ticket and document location, and translation services.
Travel Accident Insurance
Cardholders are eligible for accidental death or dismemberment coverage of up to $250,000 on transportation via air, train, bus or cruise transportation purchased with this card.
Roadside Dispatch/Roadside Assistance
Assistance, such as a locksmith, tire change, or towing service, is provided in a roadside emergency for $59.95 per service call. (Additional fees may apply.)
Auto Rental Collision Damage Waiver
Collision and theft damage is covered on most cars in the U.S. and abroad, provided that the cardholder purchases the rental with their card and declines the rental company’s collision insurance. Personal insurance takes precedence over the coverage provided through the Auto Rental Collision Damage Waiver.
Trip Cancellation/Trip Interruption Insurance
You will be reimbursed up to $5,000 per trip for pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels if your trip is shortened due to sickness, weather, or other eligible conditions.
Lost Luggage Reimbursement
Lost or damaged checked or carry-on bags are covered for up to $3,000 per passenger, for cardholders and their immediate family members.
Both of these cards offer a fairly large set of additional benefits, many of which overlap.
The EveryDay card offers the Entertainment Access service, which could get you a good deal on a show or sports game. The Chase Freedom has two more travel benefits, the trip cancellation/interruption insurance and the lost luggage reimbursement.
Other than that, there aren’t really any other significant differences between the cards.
Here’s a side-by-side comparison of the benefits offered by each card:
|AmEx EveryDay||Chase Freedom|
The Costs & Fees
|Card||Annual Fee||Intro APR for Purchases and Balance Transfers||Regular Purchase and Balance Transfer APR||Cash Advance APR||Foreign Transaction Fee|
|Amex EveryDay||$0||0% for 15 months||15.24%–26.24% Variable||27.49% Variable||2.7%|
|Chase Freedom||$0||0% Intro APR on Purchases for 15 months||17.24% - 25.99% Variable||27.24% Variable||3% of each transaction in U.S. dollars|
|Card||Penalty APR||Late Fee||Returned Payment Fee|
|Amex EveryDay||29.99% Variable||Up to $39||Up to $39|
|Chase Freedom||None||Up to $39||Up to $39|
These cards are almost identical when it comes to the rates and fees, but there are a few differences to note.
The introductory APR of the EveryDay card will last 12 months, while you’ll get 15 months for the Chase Freedom. These are pretty comparable.
Neither card has an annual fee, so they shouldn’t cost you anything as long as you use them responsibly.
The Bottom Line
If you’re trying to pick between them, focus on the rewards they offer and think about your shopping habits. Do you buy a lot of groceries? Or do you do a lot of spending at stores where you’ll get 5% back with the Chase Freedom?
They’re suitable for different kinds of shopping habits, but, as mentioned above, you can always consider using both cards if your lifestyle (and financial responsibility) can handle it. Just use the Chase Freedom whenever you’ll get the 5% back, and the EveryDay card for groceries.
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