The Amex EveryDay® Credit Card from American Express
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The Amex EveryDay Credit Card is a quality balance transfer credit card with its lengthy 0% intro APR period and (best of all) no balance transfer fee. After you pay off your transfer, the Amex EveryDay is a card that can also occupy a permanent spot in your wallet with a solid rewards structure that rewards you at the supermarket.
The card’s rewards program is fairly pedestrian upon first glance. You’ll earn 2 Membership Rewards points at U.S. supermarkets on up to $6,000 in annual spending. After that you’ll earn 1 point per dollar spent.
The card also should have some marginal value for frequent travelers. You can earn 2x points on eligible travel purchases at AmexTravel.com. Eligible purchases include prepaid hotel stays, vacation packages and cruises.
All other purchases earn 1 point per dollar spent.
These rewards, again, are just OK. But EveryDay offers a unique bonus for frequent users. In any billing period in which you make 20 or more purchases with your card, you’ll earn 20% more points on those purchases less returns and credits.
So if you earned 100 points in a month, and made at least 20 transactions, you’d receive an additional 20 points.
There’s a lot of work involved to make sure you get the bonus every month, and once you hit the $6,000 annual cap on U.S. supermarket spending, you’re better off using another card that earns you greater rewards in that category.
There’s one attribute though that makes this card a standout for some: it’s one of the only cards on the market that has both an introductory 0% APR offer–in this case on both purchases and balance transfers (for 15 months then a variable APR of 14.74% to 25.74% applies) and it doesn’t charge a balance transfer fee for transfers made within 60 days of opening the account. If you were on the fence about this card, but you’re looking for a balance transfer card that has some staying power beyond paying off your debt, this may be the answer.
Who should get this card
If you’re an advanced user — the kind of maximizer who has several rewards cards and keeps spreadsheets to make sure you’re juicing the most benefit from each card — the Amex EveryDay could be worth a place in your wallet.
If that’s not you, go for something that offers a better and easier rewards plan.
Although this card comes with a decent welcome bonus of 10,000 Membership Rewards points if you make $1,000 in purchases in the first three months, the 20% points bonus is what makes this card interesting as a rewards card.
Fees and APR
- This card charges no annual fee.
- There’s an introductory 15-month 0% offer on purchases and balance transfers. After that, the standard variable APR of 14.74% to 25.74%. will apply.
- There is $0 balance transfer fee. Balance transfers must be requested within 60 days of opening the account.
- See Rates & Fees.
Extras, perks and using points
Points can be redeemed on the American Express website as a statement credit, for purchases or gift cards from participating partners, for travel through AmexTravel.com or through a points transfer to a participating airline or hotel partner.
Membership Rewards points never expire, and there is no fee for redeeming points.
The card also includes American Express’ travel protections like roadside assistance, auto insurance and global emergency help.
How this card compares
The Amex EveryDay Preferred Credit Card is like souped-up version of the EveryDay. The Preferred card earns 3 points per $1 spent at U.S. supermarkets up to $6,000 in annual spending (then 1 point), 2x points at U.S. gas stations and 1 point on all other spending. You’ll earn a whopping 50% points bonus if you use the card 30 or more times on purchases in a billing period, making it easier to accumulate a pile of Membership Rewards points. There’s no annual fee for the first year, then $95.
If you don’t want to deal with tracking categories and spending, the no-fee Chase Freedom Unlimited pays a flat 1.5% back on every purchase. It really depends on your spending habits and tolerance for tracking how to maximize your credit card use to determine which card might be best for you.