The Amex EveryDay® Preferred Credit Card from American Express Review
Editorial Note: The information related to the Amex EveryDay® Preferred Credit Card from American Express has been collected by Credit Cards House and has not been reviewed or provided by the issuer of this card.
If you are looking for a credit card that offers rewards on the things you buy every day, without worrying about rotating categories, the EveryDay® Preferred Credit Card from American Express, a Credit Cards House advertiser, might be a good fit for your lifestyle.
This credit card offers you the chance to earn extra points on things like supermarkets and gas stations year-round. However, the EveryDay® Preferred Credit Card from American Express comes with an annual fee. To see the full value of your rewards, you need to decide whether or not you will use this credit card enough to offset the fee.
EveryDay® Preferred Credit Card from American Express
Your ability to earn points on the things you buy each day is the main advantage to the EveryDay® Preferred card. With this card you earn 3X points at US supermarkets (up to $6,000 annually), 2X points at US gas stations, and 1 point per dollar on all other purchases. Another feature of this credit card is that if you use it 30 or more times on purchases in a billing period, you can earn 50% more points on those purchases.
The welcome bonus for the EveryDay® Preferred Credit Card from American Express is fairly generous as well. You receive 15,000 Membership Reward® points after you use it to make $1,000 in purchases in your first three months.
Tiered rewards that include more points for gas and groceries
Welcome bonus of 15,000 points after spending $1,000 on purchases in the first 3 months
Annual fee: $95
The biggest benefit to the Amex EveryDay® Preferred card is the way you can earn extra points on things you buy every single day, like groceries and gas. You don’t have to worry about rotating categories, either. This credit card also offers a 50% bonus when you make 30 or more purchases with the card in a billing cycle. It’s one way to super-charge your points earnings without spending outside your budget.
American Express Membership Reward® points are flexible and can be used on a number of items, including statement credits for travel, merchandise, and more. Travel rewards include rental car purchases, cruises, and vacation packages. It’s also possible to use rewards to redeem for Airbnb. American Express Travel also offers points bonuses and special deals when you book through the site for airfare, cruises, and more. You don’t have to worry about blackout dates.
The EveryDay® Preferred Credit Card from American Express also comes with extended warranty, purchase, and return protection.
One of the biggest drawbacks to this credit card is the fact that your grocery rewards are capped when you spend $6,000 a year. Once you reach that threshold in grocery spending, your rewards drop to one point per dollar, instead of receiving 3X the points. Additionally, because this is a points card and not a straight cash back card, you might not have exactly the same flexibility when you redeem rewards.
Another downside to the EveryDay® Preferred card is that there is a $95 annual fee. It’s important to make sure that you spend enough on your credit card to justify the annual fee. These Membership Reward® points are worth between 1.5 and 1.9 cents apiece. As a result, if you want to break even with this card, you will need to earn between 5,000 and 6,333 points per year on this card. You can reach those goals faster when you use the card for gas and groceries.
The EveryDay® Preferred Credit Card from American Express is meant for someone with the discipline to use the credit card on regular, everyday purchases like groceries and gas. As long as you pay off the card each month so you don’t earn interest, this can be a great card—if you use it often enough to make up for the $95 annual fee.
Editorial Note: This content is not provided by American Express. 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 American Express.
First published , last updated
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.