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Amex EveryDay® Preferred Credit Card review

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A credit card that lets you earn increased points at US gas stations and US supermarkets.

  • Get this card if you want points for everyday spending.
  • Pick something else if you want cash back or don’t want to pay an annual fee.
  • Apply with a good to excellent credit score of 670 or higher.

15,000

Points as welcome offer

Up to 3x

Points

$95

Annual fee

0%

Intro Purchase APR

for the first 12 months (then 14.74% to 24.74% variable)

Details

Product NameAmex EveryDay® Preferred Credit Card
Card typeAmerican Express
Annual fee$95
Purchase APR0% intro for the first 12 months (then 14.74% to 24.74% variable)
Balance transfer APR0% intro for the first 12 months (then 14.74% to 24.74% variable)
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate26.99% variable
Cash advance fee$5 or 3% of the cash advance amount, whichever is greater
Penalty APR29.99% variable
Foreign transaction fee2.7% of the transaction value
Interest free periodUp to 25 days
Late payment feeUp to $39
Returned payment feeUp to $39
Additional cardholder fee$0
Rates & feesrates & fees

Expert review

Kliment Dukovski

Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The Amex EveryDay® Preferred Credit Card offers bigger rewards for purchases at US gas stations and US supermarkets with its Membership Rewards points. Redeem these points for gift cards, event tickets and more. Best of all, you can use them to book flights, hotels and cruises through American Express Travel.

The Amex EveryDay® Preferred Credit Card comes with a few sweeteners. You’ll earn 15,000 points after spending $1,000 in the first 3 months. The card also has a 0% intro APR for 12 months on purchases and balance transfers, followed by an APR from 14.74% to 24.74% variable after that. Lastly, you’re rewarded for simply using your card: You’ll get 50% more points each billing cycle after using your card 30 times.

Upcoming benefits changes to the Amex EveryDay® Preferred Credit Card

American Express has announced changes to some of the card’s benefits. Specific details aren’t announced yet, but we know that the following changes will take effect starting January 1, 2020:

  • Reduced extended warranty period from two years to one year
  • Reduced purchase protection coverage from 120 days to 90 days
  • Removed travel accident insurance
  • Removed roadside assistance
  • Removed Baggage insurance

The perks

  • Welcome offer.

    Earn 15,000 points after spending $1,000 in the first 3 months.

  • Membership Rewards points.

    Earn 3x points at US supermarkets on up to $6,000 in purchases each year, reverting to 1x points thereafter. You’ll also earn 2x points at US gas stations, 2x points when you book through American Express Travel and 1x points on other eligible purchases. Use your points for gift cards, flights, Ticketmaster purchases and more.

  • Intro APR on purchases and balance transfers.

    Enjoy a 0% intro APR on purchases and balance transfers for the first 12 months after opening your account. The rate reverts to an APR from 14.74% to 24.74% variable after that. If you plan to make a large purchase or you want to transfer a balance from a high-interest credit card, the intro APR period could be useful. Just be sure to make the balance transfer within 60 days of account opening.

How much are American Express Membership Rewards points worth?

Membership Rewards points have different value depending on what you redeem them for. For example, 20,000 points are worth:

  • $140–$200 in gift cards.
  • $100–$140 for shopping at Membership Rewards partner retailers, such as Amazon, Newegg, BestBuy, Staples and more.
  • $140 for hotels and flights through Expedia.
  • $140–$200 for flights, hotels, cruises and other vacation packages through American Express Travel.
  • $140–$200 for point-of-sale transactions with New York City taxis and at Rite Aid.
  • $100 for entertainment purchases through Ticketmaster and AXS.
  • $100–$200 if you donate to charity.

You can also transfer your points to a number of frequent traveler programs.

You’ll also like …

  • Earn 50% more points.

    Make 30 or more purchases in a billing period and earn 50% more points on those purchases. If you’re a big spender and want to earn more points, you’ll find this perk useful.

  • Car rental insurance.

    Enjoy car rental coverage against theft and damage when you pay for your rental with your card and decline the collision damage waiver at the agency counter.

  • global assistance.

    Get 24/7 access to legal, medical, financial and other emergency assistance when traveling more than 100 miles from home. Keep in mind that you’ll have to pay for any third-party service costs.

  • Purchase benefits.

    Get an extended warranty on eligible purchases along with return protection if you want to return an item within 90 days of purchase. You’ll also enjoy free two-day shipping at ShopRunner and purchase protection against damage and theft of your phone or other eligible item — on up to $1,000.

  • Fraud protection.

    American Express won’t hold you responsible for fraudulent charges. Call the number on the back of your card and the customer support will help you out.

What to watch out for

  • Annual fee.

    The Amex EveryDay® Preferred Credit Card has an annual fee of $95.

  • Foreign transaction fees.

    Despite the travel benefits you get with this card, try to refrain from making unnecessary purchases when traveling abroad, as you’ll pay a 2.7% fee for every transaction.

  • Not widely accepted overseas.

    Amex cards aren’t as widely accepted overseas as Visa or Mastercard.

  • High late payment fees.

    Making late or returned payments could saddle you with fees as high as $39. You could also get stuck with a penalty APR of 29.99% variable .

  • Limited window to make balance transfers.

    To take advantage of the 0% intro APR on balance transfers for 12 months, you need to transfer your balances within the first 60 days of opening your account. Keep in mind that you’re only able to make a balance transfer of up to $7,500 or 75% of your credit limit, whichever is smaller. Remember, the APR reverts to 14.74% to 24.74% variable after the intro period.

Compare top rewards credit cards

Updated November 15th, 2019
Name Product Welcome offer Rewards Annual fee Filter values
30,000 points after spending $2,000 in the first 3 months
3x Membership Rewards® points on all eligible travel, 3x points at restaurants and 1x points on all other purchases
$150
Earn 3x Membership Rewards® points on all eligible travel, 3x points at restaurants and 1x points on all other purchases. Rates & fees
$150 after spending $1,000 in the first 3 months
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
20,000 miles after spending $1,000 in the first 3 months
1.25x miles on all purchases and 10x miles at hotels.com/venture
$0
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
$150 after spending $1,000 in the first 3 months
1.5% cash back on all purchases
$0
Unlimited 1.5% cash back. Rates & fees
75,000 points after spending $1,000 in the first 3 months
7x points on Hilton Honors purchases, 5x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
$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

Compare up to 4 providers

What should I know before I apply?

To apply for the Amex EveryDay® Preferred Credit Card, you must be at least 18 years old and a resident of the US.

In your application, you’ll have to provide:

  • Your name and address.
  • Your email and phone number.
  • Your date of birth and Social Security Number.
  • Your annual income and source of income.

What credit score do I need?

You can apply with a fair credit score in the low 600s. However, to get a high credit line and a lower APR on purchases and balance transfers, apply with a higher score. You’ll have a better chance of approval for the Amex EveryDay® Preferred Credit Card if you apply with a good to excellent credit score of 670 or higher.

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

The American Express Company has been accredited with the Better Business Bureau since 1948. As of June 2018, it earns an A+ rating and a composite score of 3.78 out of 5 stars based on over 170 customer reviews. There are nearly 3,000 customer complaints filed against the company, with cardholders citing poor customer service, missing statement credit and issues disputing fraudulent charges.

Most customers who weren’t satisfied with the card complained about the low credit limit they received, and because of that, they were unable to make larger balance transfers. On the other hand, customers who had a higher credit limit and had no problem transferring their balances were satisfied. They also loved the option to earn Membership Rewards points.

How to apply for the Amex EveryDay® Preferred Credit Card?

  1. Go to the American Express website.
  2. Select the Amex EveryDay® Preferred Credit Card from the list of cards. Click Apply now.
  3. Complete the application form.
  4. Review your application and submit it.

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

The credit card approval is automated on the American Express website, meaning you can get a decision on your application within minutes. Following approval, you’ll typically receive your card within 7 to 10 days.

I got the card. Now what?

  • Set up autopay. Register an account on the American Express website or download the Amex mobile app. There, you can set up automatic payments so it’s one less thing you have to worry about.
  • Enroll in ShopRunner. Sign up to get free 2-day shipping at more than 100 online retailers. And if you don’t like what you bought, you can return it for free.
  • Avoid paying fees. Late and returned payments come with hefty fees of up to $39. You’ll also pay foreign transaction, cash advance and balance transfer fees.
  • Contact customer support. If you have questions, call customer support at 1-800-528-4800. Alternatively, visit the American Express website to start an online chat with a customer service representative.

    Bottom line

    If you’re looking for rewards for grocery and gas spending at US retailers, pick the Amex EveryDay® Preferred Credit Card. It gives you flexible Membership Rewards points that you can redeem on merchandise, travel and more.

    Don’t spend that much on gas or don’t want to pay an annual fee? You may find the similar Amex EveryDay® Credit Card to be a better option.

    As always, compare credit card providers to find the best one for your unique situation.

    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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    2 Comments

    1. Default Gravatar
      Harrison
      July 1, 2018

      how is the credit limit figured

      • AvatarStaff
        Bella
        July 1, 2018

        Your credit limit is determined on a case-by-case basis. Credit card providers consider the following when it comes to making credit limit decisions:

        – Your monthly income
        – Your creditworthiness
        – Your employment status (full-time, part-time, self-employed)
        – Your residential status (homeowner, renter, border)
        – The card in question (for example, silver, gold, platinum)
        Your history with the provider in question.

        Having a good credit score could also improve your chances of getting approved for higher credit limit.

        Please check out this page for a guide on how to know your possible credit limit

        Kind regards,
        Bella

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