Amex EveryDay Credit Card Review
The Amex EveryDay credit card is a great balance transfer card ideal for paying off high-interest credit card debt. The card also has a reasonable rewards program and charges no annual fee, although you can find more generous rewards elsewhere.
Amex Everyday Credit Card
Amex Everyday Credit Card
What we like:
People who will use this card more than 20 times in a billing period
|Sign-Up Bonus||Earn 10,000 Membership Rewards Points after making $1,000 in purchases in first 3 months|
0% intro APR on purchases and balance transfers for first 15 months
|Rewards Rate||2x points per $1 spent at US supermarkets up to $6,000 per year in purchases|
1x points per $1 spent on eligible purchases
|Regular APR||15.24% – 26.24%|
- 20% bonus when you make 20 or more purchases in a single billing period
- No fees on balance transfers (must be requested within 60 days of account opening)
- 2x points at supermarkets
- Redeem membership rewards toward eligible card charges, gift cards, statement credits, and more
- Transfer points to frequent traveler programs (including Delta SkyMiles)
- Low everyday rewards
- 2.7% foreign transaction fee
- Cardholders are responsible for third-party service costs when using Amex’s Roadside Assistance Hotline
- Bonus points at supermarkets limited to $6,000/year in purchases
- No intro APR on purchases
Recommended Credit Score
- Good or excellent credit
Amex EveryDay Credit Card Review: Better for Balance Transfers Than Rewards
If you’re carrying a balance on existing credit cards and are looking for the ideal balance transfer card to help you save money on interest charges, look no further than the Amex EveryDay card. This credit card offers an introductory 0% APR on balance transfers for 15 months.
Unfortunately, although the card offers reasonable rewards, its membership rewards points program is weak compared to many competitors. If you’re looking to maximize rewards while avoiding an annual fee, there are better options out there.
In this review:
- Amex EveryDay Card Benefits
- Amex EveryDay Card Downsides
- Credit Limit on the Amex EveryDay Card
- How it Compares to Similar Cards
Amex EveryDay Card Benefits
There are ample benefits to consider when deciding if the Amex EveryDay card is right for you.
New Amex EveryDay cardmembers are rewarded with 10,000 points after spending $1,000 on purchases within the first three months of account opening. Although some competitors offer more generous signup bonuses, you usually have to spend much more to get them. This bonus is pretty easy to earn, which is great if you’re not a huge spender.
Amex EveryDay cardholders who spend quite a bit at supermarkets will appreciate 2x points for U.S. grocery store purchases. Sadly, those double points are capped at your first $6,000 in annual spending.
For all other purchases, you earn just one point per $1 spent. The good news is the card offers a 20% bonus on all points earned in a billing cycle when you make 20 or more purchases during that cycle. Points generally range in value between half a cent and one cent apiece, depending on the redemption method.
Amex does provide some good travel perks for EveryDay cardmembers, including:
- 2x points on travel purchases at AmexTravel.com
- Travel accident insurance (covers accidental death and dismemberment that occurs while traveling on a common carrier — i.e. plane, train, ship, or bus — if you charged your fare to the Amex card)
- 24/7 Global Assist Hotline (access to medical, legal, financial, and other emergency services when you’re more than 100 miles from home; can also help with lost luggage and passport replacement)
- Roadside assistance
- Car rental loss and damage insurance
Shopping benefits with the Amex EveryDay include:
- Pay With Points
- Extended warranty (get up to two extra years added to the original manufacturer’s warranty)
- Return protection (Amex will refund the full purchase price up to $300 per eligible item if the original merchant won’t accept it within 90 days of purchase, up to $1,000 in returns per year)
- Purchase protection (covers theft and accidental damage)
- ShopRunner membership
Amex EveryDay Card Downsides
Unfortunately, there are also some disadvantages to the Amex everyday card you need to consider, such as:
- 2.7% foreign transaction fees
- 2x points at U.S. supermarkets capped at $6,000 in annual purchases
- Low rewards for everyday spending
Amex EveryDay Credit Card Limit
Your Amex EveryDay credit card limit varies based on your income, creditworthiness, and other factors.
How it Compares to Similar Cards
Amex has a better balance transfer offer than many competitor cards, but its rewards program isn’t as generous — even compared to other no annual fee cards.
Amex EveryDay vs. Blue Cash
Like the Amex EveryDay card, the American Express Blue Cash Everyday card comes with no annual fee; however, it’s much more generous with rewards. Cardholders earn 3% cash back at U.S. supermarkets on up to $6,000 in annual spending as well as 2% cash back at U.S. gas stations and department stores.
On the other hand, the Blue Cash card doesn’t provide the 20% bonus rewards for making 20 purchases in a billing cycle; plus, balance transfer fees mean the EveryDay card is the clear winner in terms of saving you money on any high-interest credit card debt you currently have.
When you’re looking for a new card with no annual fee and a great introductory APR offer, the Amex EveryDay card is one of the best out there, especially when you consider its lack of a balance transfer fee. But if rewards are what you’re after, you’ll probably want to consider other American Express cards or competitor offerings to get more bang for your buck.3.99 Amex Everyday Credit Card
Author: Christy Rakoczy
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