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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.
Please note: All information about Amex EveryDay® Preferred Credit Card has been collected independently by Finder and this card is not available through this site.- 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 12.99% to 22.99% variable)
Details
| Product Name | Amex EveryDay® Preferred Credit Card |
|---|---|
| Card type | American Express |
| Annual fee | $95 |
| Purchase APR | 0% intro for the first 12 months (then 12.99% to 22.99% variable) |
| Balance transfer APR | 0% intro for the first 12 months (then 12.99% to 22.99% variable) |
| Balance transfer fee | $5 or 3% of the transaction, whichever is greater |
| Cash advance rate | 26.24% variable |
| Cash advance fee | $5 or 3% of the cash advance amount, whichever is greater |
| Penalty APR | 29.99% variable |
| Foreign transaction fee | 2.7% of the transaction value |
| Interest free period | Up to 25 days |
| Late payment fee | Up to $40 |
| Returned payment fee | Up to $40 |
| Additional cardholder fee | $0 |
| Rates & fees | rates & fees |
Expert review
Review by
Kliment Dukovski
kliment.dukovski@findercrew.comKliment 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 12.99% to 22.99% 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.
Finder experts pick Amex EveryDay® Preferred Credit Card as a 2020 best product for credit cards.
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 12.99% to 22.99% 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.
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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 $40. 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 12.99% to 22.99% variable after the intro period.
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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?
- Go to the American Express website.
- Select the Amex EveryDay® Preferred Credit Card from the list of cards. Click Apply now.
- Complete the application form.
- 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 $40. 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
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