The American Express Everyday® Credit Card vs The Chase Freedom® Card

Brendan Harkness

Brendan Harkness | Versus

Apr 15, 2015 | Updated Jul 28, 2016

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The American Express EveryDay® Credit Card and the Chase Freedom® card are both popular rewards cards, but they are very different.

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.

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.

Chase Freedom®

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 14.24%-23.24% *Variable
Quick Card Facts
  • Named a Best Card for Cash Back by MONEY® Magazine
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
  • Unlimited 1% Cash Back on every purchase
  • 5% Total Cash Back on up to $1,500 in combined purchases in bonus categories each quarter
  • You'll enjoy new 5% categories every 3 months like Gas stations, Restaurants and Amazon.com. It's free and easy to activate your bonus each quarter!
  • No annual fee and rewards never expire as long as your account is open

The information for Chase Freedom® has been collected independently by Credit Card Insider. The card details on this page have not been reviewed or provided by the card issuer.

The Rewards

Both cards offer a generous rewards program, but they take very different approaches.

AmEx EveryDay

  • 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.

Chase Freedom

  • 5% cash back in the categories listed below, 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
  • $25 signup bonus for adding an authorized user and making your first purchase in the first 3 months
  • Access to the Chase Ultimate Rewards marketplace, where you’ll find special deals at participating retailers
Quarter 5% Cash Back Category
January – March Gas stations, Local Commuter Transportation
April – June Grocery stores, Wholesale clubs (not including Walmart® or Target®)
July – September Restaurants and Wholesale Clubs
October – December Holiday Shopping and Wholesale Clubs

You’ll need to go online and activate your 5% reward category before you can start earning points in it.

The Verdict

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.

The Benefits

Both of these cards come with quite a few additional shopping and traveling benefits. Here are some of the most interesting from each.

Amex EveryDay

Entertainment

  • Entertainment Access

    Exclusive discounts to events, concerts, sporting events, and shows.

Shopping

  • Extended Warranty

    For warranties of 5 years or less you can get up to one extra year added to the original manufacturer’s warranty.

  • Purchase Protection

    Items purchased with your card are protected against accidental damage and theft within 90 days of the purchase.

  • Return Protection

    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

  • 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.

Chase Freedom

Shopping

  • Purchase Protection

    Purchases are covered for 120 days against theft or damage, up to $500 per claim and $50,000 per account.

  • Price Protection

    If a purchased item is found being advertised for a lesser price within 90 days, reimbursement may be provided up to $500; limited to $2,500 a year per account.

  • Extended Warranty Protection

    Eligible warranties of 3 years or less can be extended by up to an additional year.

  • Return Protection

    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

  • 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.

The Verdict

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.

You can see the full range of benefits for the AmEx EveryDay card here, or see the benefits for the Chase Freedom card here.

Here’s a side-by-side comparison of the benefits offered by each card:

AmEx EveryDay Chase Freedom

Entertainment:

  • Entertainment Access

 

Security:

  • Dispute Resolution
  • Fraud Protection

 

Shopping:

  • Extended Warranty Protection
  • Purchase Protection
  • Return Protection

 

Travel:

  • Travel Accident Insurance
  • Global Assist® Hotline
  • Roadside Assistance Hotline
  • Car Rental Loss and Damage Insurance

Security

  • Fraud Protection

 

Shopping:

  • Purchase Protection
  • Price Protection
  • Extended Warranty Protection
  • Return Protection

 

Travel:

  • Travel and Emergency Assistance Services
  • Travel Accident Insurance
  • Roadside Dispatch
  • Auto Rental Collision Damage Waiver
  • Trip Cancellation/Trip Interruption Insurance
  • Lost Luggage Reimbursement

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 12 months 13.24% to 22.24% *Variable 25.49% *Variable 2.7%
Chase Freedom $0 0% for 15 months 14.24%-23.24% *Variable 25.24% *Variable 3%
Card Penalty APR Late Fee Returned Payment Fee
Amex Everyday 29.49% *Variable Up to $37 Up to $37
Chase Freedom See Terms Up to $35 Up to $35

The Verdict

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

The American Express EveryDay Credit Card and the Chase Freedom are both very rewarding cards, offering a single reward category on the one hand and rotating categories on the other.

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.

If you use one of these credit cards, how do you like it? Leave your own review of the American Express EveryDay or the Chase Freedom card, we’d love to hear from you!

Or learn more about Reward Credit Cards and see our picks for the best cards!
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