Amex® EveryDay Preferred Credit Card
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Recommended Credit Score
Excellent (740 - 850) A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
- Annual Fee:
- $95
- Purchase Intro APR:
- 0% introductory APR for the first 12 months.
- Balance Transfer Intro APR:
- 0% intro APR for the first 12 months on BTs within 60 days of account opening
- Regular APR:
- 15.24%-25.24% Variable
Bankrate Rating
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We like the Amex EveryDay Preferred Credit Card a bit better than its no annual fee sibling, the Amex EveryDay Credit Card from American Express, 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
- 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.
- 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 $39. 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. We’ve put together a comprehensive American Express Membership Rewards guide, detailing what you need to know to maximize the potential of the Amex EveryDay Preferred card.
The information about the Amex Everyday Preferred Credit Card from American Express and the Amex Everyday Credit Card from American Express has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.