A credit card that lets you earn increased points at US gas stations and US supermarkets.
30-second take
- 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.
| Product Name | Amex EveryDay® Preferred Credit Card |
|---|---|
| Card Type | American Express |
| Annual Fee | $95 |
| APR (Annual Percentage Rate) for Purchases | 15.24% to 25.24% variable |
| Introductory Purchase APR | 0% for the first 12 months (then 15.24% to 25.24% variable) |
| Introductory Balance Transfer APR | 0% for the first 12 months (then 15.24% to 25.24% variable) |
| Balance Transfer Fee | $5 or 3% of the transaction, whichever is greater |
| Cash Advance Rate | 27.49% variable |
| Foreign Transaction Fee | 2.7% of the transaction value |
| Cash Advance Fee | $5 or 3% of the cash advance amount, whichever is greater |
| Interest Free Period | Up to 25 days |
| Late Payment Fee | Up to $38 |
| Returned Payment Fee | Up to $38 |
| Additional Cardholder Fee | $0 |
| Rates & Fees | Rates & Fees |
| Minimum Age | 18 years of age |
|---|
| Welcome Offer | 15,000 Membership Rewards points after you spend $1,000 on purchases in the first 3 months |
|---|---|
| Reward Value per Dollar | 1x points |
| Rewards Points Expiration | Never |
The basics
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 membership rewards points after you spend $1,000 on purchases 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 15.24% to 25.24% 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.
The perks
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Welcome offer.
Earn 15,000 membership rewards points after you spend $1,000 on purchases in the first 3 months.
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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.
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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 15.24% to 25.24% 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 …
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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.
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Travel accident insurance.
This isn’t a travel card, but it comes with travel perks nonetheless. To make your vacation worry-free, the Amex EveryDay® Preferred Credit Card covers you up to $250,000 for accidental death and dismemberment when traveling on a common carrier.
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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.
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Roadside and global assistance.
For problems on the road like a flat tire or dead car battery, call the Roadside Assistance Hotline and they’ll send help. Also, 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.
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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.
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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
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Annual fee.
The Amex EveryDay® Preferred Credit Card has an annual fee of $95.
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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.
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Not widely accepted overseas.
Amex cards aren’t as widely accepted overseas as Visa or Mastercard.
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High late payment fees.
Making late or returned payments could saddle you with fees as high as $38. You could also get stuck with a penalty APR of 29.99% variable.
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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 15.24% to 25.24% variable after the intro period.
Consider other cards if …
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You want cash back.
Consider a card like the Citi® Double Cash Card, which allows you to earn cash back twice — 1% unlimited on purchases and an additional 1% when you pay for those purchases. In the American Express suite of cards, check out the Blue Cash Everyday® Card from American Express for cash back on gas, groceries and other everyday purchases at US retailers.
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You don’t want to pay an annual fee.
The Amex EveryDay® Credit Card offers similar benefits for no annual fee. It has a welcome offer of 10,000 points when you spend $1,000 in the first three months of opening your account, and you can earn 2x points at US supermarkets on up to $6,000 per year, and then 1x points after that. You can also earn 2x points on American Express Travel bookings.
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You want travel rewards.
Consider the Chase Sapphire Preferred® Card, which lets you earn 2x points on dining and travel purchases and 1x points on all other purchases. You can redeem your points for rewards or transfer them to frequent traveler programs.
Amex EveryDay® Preferred Credit Card vs Blue Cash Preferred® Card from American Express
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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 $38. 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
how is the credit limit figured
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