Amex® EveryDay Preferred Credit Card

Robin Saks Frankel  in  0% APR Advertising Disclosure
 Image
Annual Fee:
$95 annual fee.
Purchase Intro APR:
N/A
Balance Transfer Intro APR:
0% introductory APR for the first 12 months on balance transfers requested within 60 days of account opening. After that, your APR for those transactions and any other balance transfer requests, if we accept them, will be 14.74% to 24.74% based on your creditworthiness and other factors. This APR will vary with the market based on the Prime Rate.
Regular APR:
0% introductory APR for the first 12 months. After that, your APR will be 14.74% to 24.74%, based on your creditworthiness and other factors as determined at the time of account opening. This APR will vary with the market based on the Prime Rate.
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 88 out of 100

Commonly used for: 0% APR, Cash Back, Excellent Credit, Rewards.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

We like the Amex EveryDay Preferred Credit Card a bit better than its no fee sibling, the Amex EveryDay Credit Card, but it’s still not quite good enough to be a must-have in your wallet.

Although it offers a good rewards rate on typical household spending, it can be pretty complicated to keep track of all that you’d have to do to make the most of this card. There are other cards with similar rewards that require less effort.

Review

The card’s rewards program looks kind of bland upon first glance. You’ll earn 3 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. Amex EveryDay Preferred also pays 2 points at U.S. gas stations and on Uber rides when you enroll your card.

All other purchases earn 1 point per dollar spent.

These rewards, again, are just OK.

But EveryDay Preferred offers a unique bonus for frequent users. In any billing period in which you make 30 or more purchases with your card, you’ll earn 50% more points on those purchases less returns and credits.

So if you earned 100 points in a month, and made at least 30 transactions, you’d receive an additional 50 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.

This card does have some cool perks that might make it worth doing the math on rewards. There’s no drawback to having 12 full months of 0% APR on purchases. It’s a nice feature for balance transfers, too, but you’ll have to mind the transfer fee to make sure it’s worth it. After the intro period expires, the regular APR is a variable 14.24% to 24.24% based on creditworthiness. For rates and fees of the Amex® EveryDay Preferred Credit Card Card, please click here.

Who should own this card

For spending on the everyday essentials, like gas and groceries, this card might be a good addition to your wallet with its boosted rewards rates in those categories.

Advantages
  • Earn 30,000 points, worth about $300, after you spend $2,000 on purchases within the first three months of opening the account.
  • The 50% bonus when you make 30 or more purchases within a month is unique.
  • Terms apply.
Disadvantages
  • If you don’t spend heavily on gas or groceries, you may get more value out of another rewards card.

Fees and APR

  • Enjoy a 0% APR introductory offer on purchases and balance transfers for 12 months. After that, your APR will be 14.24% to 24.24% based on creditworthiness. For rates and fees of the Amex® EveryDay Preferred Credit Card Card, please click here.
  • This card charges a foreign exchange fee of 2.7% making it a poor choice for international travel or spending. For rates and fees of the Amex® EveryDay Preferred Credit Card Card, please click here.
  • The annual fee is $95, waived the first year. For rates and fees of the Amex® EveryDay Preferred Credit Card Card, please click here.
  • If you make a late payment, you could be hit with a penalty APR of 29.99 percent that will apply for at least six months plus a late payment fee of up to $38. For rates and fees of the Amex® EveryDay Preferred Credit Card Card, please click here.
  • For rates and fees of the Amex® EveryDay Preferred Credit Card Card, please click here.

Extras, perks and using points

As an enticement to keep this card top-of-wallet, if you make 30 or more purchases with your card in a billing period, you’ll earn 50% extra points on those purchases, less returns and credits.

To redeem your points, log onto your account and select the way you’d like to use them. Points can be used towards travel, cash-back, gift cards or through select merchants like Amazon using the Pay with Points option. There is no fee to redeem your points.

How this card compares

Chase Freedom®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Apply Now On Chase's secure website
Credit Needed

Excellent/Good

Regular APR

17.24% - 25.99% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

If you’re up for the challenge of tracking bonus rewards categories, Chase Freedom can give you some real cash-back bang for your buck. For travel junkies and road warriors, this card is ideal when paired with an eligible Chase card to reap maximum travel rewards on your spending.

If you don’t want to do the work, get a card that offers a flat cash-back rate better than what you’ll find here.

Chase Freedom Unlimited®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Apply Now On Chase's secure website
Credit Needed

Excellent/Good

Regular APR

17.24% - 25.99% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

Chase Freedom Unlimited is a solid, straightforward cash-back rewards card that’s ideal for cardholders who just don’t have the time or energy to track spending categories. It ranks among the very best cash-back credit cards we track.

There are other cards that offer better rewards, but the Chase Freedom Unlimited’s 1.5% cash-back on everything is an excellent reward coming from a no-annual-fee credit card.

For rates and fees of the Amex® EveryDay Preferred Credit Card Card, please click here.