Amex® EveryDay Preferred Credit Card

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Although the everyday spending rewards rate is decent, it’s a lot of work to maximize this card’s potential.

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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.

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
  • There’s a $95 annual fee, waived the first year.
  • If you don’t spend heavily on gas or groceries, you may get more value out of another rewards card.
  • There’s a balance transfer fee of 3%, which could eat into your savings if you transfer debt to this 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.
  • This card charges a foreign exchange fee of 2.7% making it a poor choice for international travel or spending.
  • The annual fee is $95, waived the first year.
  • 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.
  • See Rates & Fees.

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

Amex EveryDay® Credit Card from American Express
  • Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.
  • $0 balance transfer fee. Balance transfers must be requested within 60 days from account opening.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases.
  • Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • No annual fee.
  • Terms Apply.
Credit Needed

Excellent/Good

Regular APR

14.74%-25.74% Variable

Annual Fee

$0

Purchase Intro APR

0% on purchases for 15 months

Balance Transfers Intro APR

0% on balance transfers for 15 months

If you’re prepared to put in some work, the Amex EveryDay Credit Card is a quality rewards card, especially because it has no annual fee. But you have to be dedicated to squeezing out value, otherwise this card is probably not worth your effort to apply.

Chase Freedom®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% 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
Credit Needed

Excellent/Good

Regular APR

16.74% - 25.49% 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.

Blue Cash Everyday® Card from American Express
  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.
Credit Needed

Excellent, Good

Regular APR

14.74%-25.74% Variable

Annual Fee

$0

Purchase Intro APR

0% on Purchases for 15 months

Balance Transfers Intro APR

0% on Balance Transfers for 15 months

The Blue Cash Everyday Card from American Express is an ideal credit card for families on the go. It offers enhanced rewards at U.S. supermarkets, U.S. gas stations and select U.S. department stores, allowing you to earn a substantial amount of cash back on food, gas and clothing.

That’s like getting automatic coupons every time you shop.

Chase Freedom Unlimited®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% 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
Credit Needed

Excellent/Good

Regular APR

16.74% - 25.49% 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.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.