Amex EveryDay Credit Card from American Express review | finder.com

Amex EveryDay® Credit Card review – October 2018

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Get solid rewards for everyday spending with the no-annual-fee Amex EveryDay® Credit Card.

finder.com’s rating: 4.4 / 5.0

★★★★★

30-second take

  • Get this card if you want accelerated rewards for grocery spending and don’t want to pay an annual fee.
  • Pick something else if you want more rewards in other everyday-spending categories or want cash back.
  • Apply with a good to excellent credit score of 680 or higher.
Product NameAmex EveryDay® Credit Card
Card TypeAmerican Express
Annual Fee$0
APR (Annual Percentage Rate) for Purchases14.99% to 25.99% variable
Introductory Purchase APR0% for the first 15 months (then 14.99% to 25.99% variable)
Introductory Balance Transfer APR 0% for the first 15 months (then 14.99% to 25.99% variable)
Cash Advance Rate27.24% variable
Foreign Transaction Fee2.7% of the transaction value
Cash Advance Fee$5 or 3% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $38
Returned Payment FeeUp to $38
Additional Cardholder Fee$0
Rates & FeesRates & Fees
Minimum Age18 years of age
Welcome OfferEarn 10,000 Membership Rewards® Points after you use your new card to make $1,000 in purchases in your first 3 months.
Reward Value per Dollar1 points
Rewards Points ExpiryNever

The basics

The Amex EveryDay® Credit Card is a solid choice if you spend a lot on groceries and don’t want the hassle of an annual fee. It offers accelerated points for purchases at US supermarkets, and unlimited rewards on all other purchases.

You’ll also benefit from a hearty welcome offer when you meet the purchase qualifications. If you spend money on travel, you can transfer your points for eligible frequent traveler programs and get select travel protections.

The perks

  • Welcome offer: 10,000 Membership Rewards points.

    When you make $1,000 in purchases within 3 months of your account opening, you’ll earn 10,000 Membership Rewards points.

  • Intro APR: 0% intro APR on purchases and balance transfers for the first 15 months following your account opening.

    This is a strong intro APR, especially for a rewards card. After it expires, your purchase and balance transfer APR is 14.99% to 25.99% variable.

    To qualify for the balance transfer intro APR, you must make any transfer requests within the first 60 days of card membership.

  • $0 fee on balance transfers made within the first 60 days.

    American Express accepts balance transfers only within the first 60 days. Eligible transfers come with no transaction fee. This is an excellent perk, especially combined with the card’s intro APR.

  • Points: 2x points at US supermarkets.

    You’ll earn 2x points at US supermarkets on up to $6,000 per year in purchases, then 1x points after that. For a card with no annual fee, this is a solid rewards rate for grocery spending. On other eligible purchases, you’ll earn 1x points.

What can you redeem Membership Rewards points for?

You can redeem Membership Rewards points for a variety of rewards, including:

  • Gift cards.
  • Statement credit.
  • Travel.
  • Merchandise in categories like home and office, fashion and beauty and technology.
  • Events and experiences.
  • Donations to charity.
  • Paying at checkout with points at partnered retailers such as Best Buy, Amazon and Expedia.

Membership Rewards points may be worth more or less than the industry standard of 1 point for every 1 cent, depending on what you’re redeeming for. Before trading your points, check the redemption rate.

You’ll also like …

  • More points the more you use your card.

    If you make 20 or more purchases with your card in a billing period, you’ll receive 20% more points on those purchases.

  • Transfer points.

    Transfer your Membership Rewards points to eligible frequent traveler programs, such as British Airways Avios, Emirates Skywards, JetBlue TrueBlue, Choice Privileges Rewards, Hilton Honors and Starwood Preferred Guest.

  • Use Membership Rewards points for some charges.

    For some types of spending — such as retail, dining and entertainment — you can pay for card charges with Membership Rewards points.

  • Travel protection.

    You’ll have access to the American Express Global Assist Hotline and Roadside Assistance Hotline if you find yourself in a pinch on vacation. Complimentary car rental and travel accident insurance are also included.

  • ShopRunner benefits.

    Get free two-day shipping from various stores through ShopRunner.

  • Purchase benefits.

    Get extended warranties on eligible items you buy with your card. You may even qualify for a refund from American Express if a merchant won’t accept a product as a return within 90 days of your purchase. Eligible items are covered against theft and accidental damage with purchase protection.

What to watch out for

  • Balance transfer time limit.

    To take advantage of the intro APR for balance transfers, you need to make any transfers within the first 60 days of your account opening.

  • Not as widely accepted overseas.

    Because the Amex EveryDay® Credit Card is by American Express, you might not have as many opportunities to use it overseas as you would a Visa or Mastercard.

  • Foreign transaction fees.

    You’ll pay 2.7% for any transactions abroad, and potentially if you use it on a foreign website.

  • It hurts to pay late.

    Making late or returned payments could saddle you with fees as high as $38. American Express may also assess a penalty APR of up to 29.99% variable if you make a late or returned payment.

Consider other cards if …

Compare rewards credit cards

Updated October 21st, 2018
Name Product Welcome Offer Reward Value per Dollar APR (Annual Percentage Rate) for Purchases Annual Fee
$150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
1% cash back
14.99% to 25.99% variable
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
1% cash back
14.99% to 25.99% variable
$95
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$250 Back. Here’s how: Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Plus, earn an additional $100 statement credit after you spend an additional $6,500 in purchases within your first 12 months.
1.5% cash back
14.99% to 25.99% variable
$0
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. You will receive the cash back in the form of a statement credit. Rates & Fees
75,000 Bonus Points after you use your new Card to make $3,000 in purchases within the first 3 months.
2 points
17.74% to 26.74% variable
$0 annual fee for the first year ($95 thereafter)
Enjoy a $0 annual fee on the first year and earn up to 2 Starpoints® for every dollar of eligible purchases. Rates & Fees
125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Ascend Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership.
3 points
17.74% to 26.74% variable
$95
Earn 125,000 Hilton Honors™ Bonus Points after you spend $2,000 or more in purchases with your new Card within the first 3 months of Card Membership. Rates & Fees
75,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
3 points
17.74% to 26.74% variable
$0
Earn 75,000 Hilton Honors™ Bonus Points after you spend $1,000 in purchases on the Card within your first 3 months of Card Membership. Rates & Fees
10,000 bonus miles after spending $500 in purchases on your new Card in your first 3 months.
1 miles
17.74% to 26.74% variable
$0
Earn 10,000 Bonus Miles after spending $500 in purchases on your new Card in your first 3 months of Card Membership. Rates & Fees
30,000 Bonus Miles after spending $1,000 in purchases on your new card in your first 3 months and a $50 statement credit after you make a Delta purchase with your new card within your first 3 months.
1 miles
17.74% to 26.74% variable
$0 annual fee for the first year ($95 thereafter)
30,000 bonus miles after you use your new card to make $1,000 on purchases within the first 3 months. Rates & Fees
1 points
16.99% variable
$495
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
1 points
16.99% variable
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
2 points
16.99% variable
$995
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
Enjoy 60,000 bonus miles after spending $5,000 on purchases in the first 90 days and paying the annual fee
2 miles
17.99%, 21.99% or 24.99% variable
$0 annual fee for the first year ($89 thereafter)
Enjoy 60,000 bonus miles after spending $5,000 on purchases in the first 90 days and paying the annual fee.

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What should I know before I apply?

To apply for the Amex EveryDay® Credit Card, you must be:

  • At least 18 years old.
  • A US citizen or permanent resident.

What credit score do I need?

You’ll have a better chance of approval for the Amex EveryDay® Credit Card if you apply with a good to excellent credit score of 680 or higher. A better credit score gets you a better APR and credit limit. If you have at least a good credit score and a relatively high annual income, you may be the type of customer American Express is looking for.

Here are a few other factors that might affect your odds of approval:

  • Hard pulls on your credit report. If you have several hard inquiries — or hard pulls — on your account, it looks like you’re desperate for credit. This implies you’re having trouble managing your debt, and American Express is less likely to take you on as a customer.
  • Factors that tie into your credit score. American Express factors credit utilization into its approval process — meaning that customers with low balances relative to their credit limits are preferred. Having many new card accounts may be a red flag too, indicating that you’re desperate for credit. It may also give the impression that you’re a flighty customer who’s just hunting for welcome offers.

What do customers say about the Amex EveryDay® Credit Card?

Customers generally say the Amex EveryDay® Credit Card is a well-rounded product and highlight the card’s points, $0 annual fee and long intro APR. However, many cardholders say they were approved for much lower credit limits than they expected.

American Express earns a3.1 out of 10 Trustpilot score at the time of this writing. Many negative reviews cite poor customer service and inflexible company policies. However, positive reviews state they spoke with pleasant customer service representatives. Overall, your mileage may vary with American Express customer support.

American Express earns an overall A+ rating from the Better Business Bureau.

How to apply for the Amex EveryDay® Credit Card

  1. On the American Express website, click Apply now.
  2. Fill out the application form. Provide information like your Social Security number, home address, income source and total annual income.
  3. Review and submit your application.

How long will it take to get my Amex EveryDay® Credit Card?

Because American Express automates conditional approval online, you may get a decision on your application within minutes. If there are issues with your application, it may take a few business days to a few weeks to hear back.

After you’re approved, you’ll typically receive your card within seven to 10 business days.

I got the card. Now what?

  • Make timely payments. Register an account at the American Express site to pay your balance online and enroll in autopay to set up automatic monthly payments.
  • Avoid interest. After the close of each billing cycle, you have a 25-day grace period to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late and returned payments come with hefty fees. Cash advances and foreign transactions also come with fees.
  • Contact customer service. Help documents aren’t easily accessible on the American Express site, but you can call 800-528-4800 for customer service. According to market research company J.D. Power, cardholders give American Express high marks for customer interaction.

Bottom line

The Amex EveryDay® Credit Card is a solid card, offering rewards, a strong intro APR and a welcome bonus. It’s an especially good choice if you regularly spend on groceries. If you have a busy family and spend a lot on gas and groceries, consider cards that offer accelerated rewards for both.

Frequently asked questions

Disclaimer

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Images: americanexpress.com

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Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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