/Amex EveryDay Preferred review: A good card for earning Amex travel points, and it gets even better if you use it 30 times a month

Amex EveryDay Preferred review: A good card for earning Amex travel points, and it gets even better if you use it 30 times a month


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Regular APR

12.99% to 22.99% Variable

  • Details
  • Pros & Cons

    • The information for the Amex EveryDay Preferred Card has been collected independently by Business Insider, and has not been reviewed or provided by the card issuer
    • 3x points at US Supermarkets
    • 2x points at US gas stations
    • 1x points on all other eligible purchases
    • Use your Card 30 or more times on purchases in a billing period and earn 50% extra points on those purchases less returns and credits. Terms apply.
    Pros
    • Strong rewards at US supermarkets
    • You can earn a 50% points bonus each billing period when you make at least 30 purchases
    Cons
    • Annual cap on earning bonus rewards at US supermarkets
    • Not the best option for earning rewards outside of US supermarkets and US gas stations — especially if you don’t make at least 30 purchases per billing statement to earn the bonus

    Review: Is the Amex EveryDay Preferred the best card for you?

    The Amex EveryDay® Preferred Credit Card from American Express

     belongs to the suite of credit cards that earn Amex Membership Rewards points. It comes with a $95 annual fee, which is more than the no-annual-fee Amex EveryDay® Credit Card from American Express

    , but less than the annual fee on many of the other cards that earn Membership Rewards, like the American Express® Green Card

    , American Express® Gold Card (See Rates), and The Platinum Card® from American Express (See Rates).

    The Amex EveryDay® Preferred Credit Card (along with the Amex EveryDay Card) has a unique bonus feature for making a specified number of transactions during each monthly billing cycle. For the EveryDay Preferred card, if you make at least 30 transactions during a monthly billing cycle, you will get a 50% bonus on all transactions that month. That could mean 4.5 Membership Rewards points for spending at US supermarkets — because the card earns 3x points at US supermarkets (on up to $6,000 per year, then 1x) — which would make the EveryDay Preferred one of the best cards out there for grocery-store spending.

    In order to make up for the $95 annual fee, you’ll want to make sure to hit that 30-transaction minimum each month in order to get the 50% bonus. If you don’t think that you will hit that total on most months, there may be cards with bigger bonuses and/or lower annual fees.

    Bottom line: Especially if you regularly make at least 30 purchases in a billing cycle, the Amex EveryDay® Preferred Credit Card could be a great option. You’ll get a 50% points bonus for hitting that transaction threshold, and the card offers 3x points on the first $6,000 you spend each year at US supermarkets (then 1x).

    Amex EveryDay Preferred versus other Amex cards

    *3x/2x points and 6% cash back at US supermarkets on up to $6,000 per year, then 1x/1% back

    Amex EveryDay Preferred versus other rewards credit cards

    *3x points at US supermarkets on up to $6,000 per year, then 1x

    Using Membership Rewards points

    If you redeem your Membership Rewards points through the Amex Travel site, you’ll get a value of 0.7 to 1 cent per point. You can often get a lot more value by transferring your Membership Rewards points to American Express’s hotel and airline travel partners.

    Here are some of the best ways to earn and redeem American Express Membership Rewards points.

    Amex EveryDay Preferred features

    Aside from the welcome bonus and the points you can earn on everyday spending, the Amex EveryDay® Preferred Credit Card comes with a few lifestyle and shopping benefits.

    • ShopRunner membership — As a cardholder, you can enroll with ShopRunner to receive complimentary two-day shipping with a wide variety of online retailers.
    • Return protection — The Amex EveryDay® Preferred Credit Card offers return protection for eligible purchases made with your card, up to 90 days from purchase. You can receive up to $300 per covered item and up to $1,000 per year when your item cannot be returned to the merchant for a refund.
    • Purchase protection — You’ll also get purchase protection to protect new items you buy with the card, up to $1,000 per covered purchase.
    • Extended warranty — The extended warranty feature gives you up to one additional year on warranties of five years or less when you purchase an eligible item with your card.
    • Secondary car rental insurance — Finally, the EveryDay Preferred card offers car rental insurance, but keep in mind that it’s secondary (meaning it only kicks in after your personal auto insurance coverage) and doesn’t include liability.
    Regular APR

    12.99% to 22.99% Variable

  • Details
  • Pros & Cons

    • The information for the Amex EveryDay Preferred Card has been collected independently by Business Insider, and has not been reviewed or provided by the card issuer
    • 3x points at US Supermarkets
    • 2x points at US gas stations
    • 1x points on all other eligible purchases
    • Use your Card 30 or more times on purchases in a billing period and earn 50% extra points on those purchases less returns and credits. Terms apply.
    Pros
    • Strong rewards at US supermarkets
    • You can earn a 50% points bonus each billing period when you make at least 30 purchases
    Cons
    • Annual cap on earning bonus rewards at US supermarkets
    • Not the best option for earning rewards outside of US supermarkets and US gas stations — especially if you don’t make at least 30 purchases per billing statement to earn the bonus

    Amex EveryDay Preferred costs and fees

    As we’ve discussed, the Amex EveryDay® Preferred Credit Card comes with a $95 annual fee, which is not waived the first year. It does have a 0% introductory APR on purchases in the first 12 months of having the card. After that, the APR will be  12.99% to 22.99% Variable, depending on your creditworthiness and other market factors. Late and returned payments come with a fee of up to $40.

    Cash advances with the Amex EveryDay® Preferred Credit Card come with a fee of $10 or 5% of the amount of each cash advance, whichever is greater. The cash advance APR is 25.24%. The EveryDay Preferred card also has a foreign transaction fee of 2.7%. So if you’re outside the US, it’s better to use one of our best cards with no foreign transaction fees.

    Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

    Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective.

    Please note: While the offers mentioned above are accurate at the time of publication, they’re subject to change at any time and may have changed, or may no longer be available.

    For rates and fees of the American Express® Gold Card, please click here.

    For rates and fees of The Platinum Card® from American Express, please click here.

    For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.

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