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finder.com’s rating: 4.1 / 5
★★★★★
15,000
Points as welcome offer
Up to 3x
Points
$95
Annual fee
0%
Intro purchase APR
for the first 12 months (then 13.74% to 23.74% variable)
Annual fee | $95 |
---|---|
Welcome offer | 15,000 points after spending $1,000 in the first 3 months |
Rewards | 3x points at US supermarkets on up to $6,000 annually (then 1x), 2x points at US gas stations and 1x points on all other purchases |
Purchase APR | 0% intro for the first 12 months (then 13.74% to 23.74% variable) |
Balance transfer APR | N/A |
Minimum Credit Score | 670 |
Issuer | American Express |
Review by
Kliment Dukovski is a cryptocurrency and investments writer who has written over 700 articles to help readers find and compare the best financial options. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange and stock market trading.
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, followed by an APR from 13.74% to 23.74% 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.
To apply for the Amex EveryDay® Preferred Credit Card, you must be at least 18 years old and a resident of the US. 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, apply with a good to excellent credit score of 670 or higher. Here’s how to apply:
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.
Membership Rewards points have different value depending on what you redeem them for. For example, 20,000 points are worth:
You can also transfer your points to a number of frequent traveler programs.
If this card isn’t right for you, compare other rewards credit cards on the market. Consider factors such as a card’s annual fee, APR and which spending categories they’ll reward you most in.
The American Express Company has been accredited with the Better Business Bureau since 1948 and earns an overall A+ rating as of August 2021. However, 90% of its reviews are negative and it has nearly 3,400 customer complaints. Amex cardholders in general complain of rude customer service reps, missing statement credit and issues disputing charges.
The company earns a Trustpilot score of 1.9 out of 5 as of August 2021. Many negative reviews cite unhelpful customer service and inflexible company policies. Positive reviews say the company employs pleasant customer service representatives. Overall, your mileage may vary with American Express customer support.
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.
To determine the average value of an Amex Membership Rewards point, we looked at the equivalent dollar value a redemption option would cost in the Amex Membership Rewards program. We calculated this average across all redemption options available through Amex to reach the approximate value you can expect when redeeming these points on average. In this case, the average value of a single Membership Rewards point came out to 2 cents per point.
Remember that your points could be worth more or less depending on what you redeem them on, so this value should be used as a general guide.
Images: AmericanExpress.com
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2 Comments
July 1, 2018
how is the credit limit figured
July 1, 2018
Hello Harrison,
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 a higher credit limit. It would also be a good idea to learn how to determine your credit limit and get an idea of how much you would be granted by creditors.
Kind regards,
Bella