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The information for the Amex EveryDay® Preferred Credit Card has been collected independently by Motley Fool Money. The card details on this page have not been reviewed or provided by the card issuer.
The Amex EveryDay® Preferred Credit Card offers a variety of perks. It has bonuses in everyday spending categories, a 0% intro APR, and flexible rewards points, all for a reasonable $95 annual fee. (See rates and fees.) Terms apply. While this card is good in several areas, it doesn't knock it out of the park anywhere. Get all the details on the good and the bad in our Amex EveryDay® Preferred Credit Card review.
Great for: U.S. supermarkets
Good/Excellent (670-850)
Intro APR
Purchases: 0%, 12 months
Balance Transfers: 0%, 12 months
APR
18.24% to 28.24%, variable
Rewards 3x points at US supermarkets ($6,000 spending cap per year), 2x points at US gas stations, 1x points on other purchases. Use your card 30 or more times in a billing period to earn 50% more points
1x - 3x points
Annual Fee
$95
Welcome Offer 15,000 Membership Reward® points after you use your new card to make $2,000 in purchases in your first 6 months
15,000 Membership Reward® points
A solid, affordable introduction to the American Express Membership Rewards program -- but it doesn't stand out as a travel card or a cash back card.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
---|---|---|---|---|---|
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.49% - 27.49% Variable APR *Rates as of December 12, 2024. |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
$200 cash rewards Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. | 2% cash rewards Earn unlimited 2% cash rewards on purchases. |
Intro: 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers Purchases: 0% intro APR, 12 months from account opening Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers Regular: 19.24%, 24.24%, or 29.24% Variable APR |
||
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases | 1.5 points per dollar Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open. |
Intro: 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.49% - 28.49% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Purchases: 0% Intro APR for 15 billing cycles for purchases Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days Regular: 18.49% - 28.49% (Variable) |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
This credit card is a good fit for: Frequent shoppers who use their credit card regularly. Those who make at least 30 purchases per statement period will unlock more rewards from this card.
This American Express card has several useful benefits.
With the Amex EveryDay® Preferred Credit Card, you earn:
Overall, this card has a decent rewards rate on gas and groceries. It isn't quite competitive with the premier rewards cards, but there's a way you can earn more back.
OTHER OPTIONS: Best Rewards Credit Cards
American Express didn't pick this card's name out of a hat. You actually benefit if you use your card every day. When you make 30 or more purchases in a billing period, all those purchases will earn 50% more points. It's an interesting feature that you won't find with most credit cards. Terms apply.
With 50% more points, you can earn:
While this definitely improves the card's rewards rate, be careful not to change your spending habits to earn more. If you start spending money you normally wouldn't just to hit 30 purchases per billing cycle, you're not really coming out ahead.
This American Express card has a 0% intro APR on purchases for the first 12 months from account opening (see rates and fees). It also has that same 0% intro APR for 12 months on balance transfers requested within the first 60 days. Once the intro period ends, the go-to APR (18.24% to 28.24%, variable) applies going forward. Terms apply.
Although this isn't the absolute longest 0% intro APR period, it still gives you a year without paying interest. You can use that time to pay off new purchases or pay down credit card debt. However, if you have a lot of debt, you're probably better off with one of the best balance transfer credit cards. Most of these have longer 0% intro APR periods and don't charge an annual fee.
SEE MORE: Best 0% APR Credit Cards
Since this card earns American Express Membership Rewards points, you'll have a couple of great ways to redeem them. The best option is to transfer your points to an American Express travel partner, and that includes a large number of airlines and hotels. If you transfer your points wisely, you could find an award booking where you get well over $0.02 per point.
Even if you can't find a transfer opportunity for the travel you want, you can always use the Pay with Points feature on American Express travel. This lets you book a cash airfare ticket using your points, and you'll get $0.01 per point when you do. Terms apply.
As is the case with most American Express cards, this card has several great complimentary protections. On eligible purchases, it provides:
There are a few pesky issues you should know about before applying for this American Express card.
Foreign transaction fees add an extra cost onto purchases made abroad and in a foreign currency. In this case, it's an extra 2.7%. That's disappointing. Most rewards cards with annual fees, and even many no annual fee cards, don't charge a foreign transaction fee. For going outside the United States, you'll need to pick a travel credit card without this fee to avoid unnecessary extra costs.
COMPARE OPTIONS: Best Travel Rewards Credit Cards
This card has a welcome offer of 15,000 points after you spend $2,000 in qualifying purchases within the first 6 months. Terms apply. While it's easy enough to earn, this is a small amount, especially for a card with an annual fee. Some cards in the same price range have welcome offers of 50,000 points or more.
TOP PICKS: Best Credit Card Sign-Up Bonuses
Another area where this American Express card falls short of the competition is its bonus categories. It has a few, and in areas where many consumers have high spending. But in this annual fee range, there are credit cards with more bonus categories and higher rates.
Rates do get a lot better if you use the card at least 30 times per billing cycle to earn 50% more points. Terms apply. But that's a lot of purchases, and it could incentivize spending more than necessary. Considering how costly credit card debt can be, you don't want to end up with unhelpful spending habits just to boost your rewards.
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
A FICO® Score of 670 or higher is recommended to apply for the Amex EveryDay® Preferred Credit Card. American Express could approve you with a lower credit score, as some applicants have been successful without reaching that mark. But this card is aimed at people with good credit to excellent credit.
If your credit score is lower, your best bet is to try some fast ways to build credit first. Remember also that American Express looks at your entire credit and financial profile when you apply, so there are other important factors, too.
RELATED: How to Find Out Your Credit Score
The $95 annual fee of the Amex EveryDay® Preferred Credit Card can be worth it, depending on how you use the card. Before you apply for it, check out more credit card reviews for the type of card you need. That way, you can see if there's a better option available.
For example, if you have high spending at U.S. supermarkets and U.S. gas stations, then you could easily get your money's worth. Let's say you max out this card's supermarket rewards by spending $6,000 per year in that category. You'd earn 18,000 to 27,000 points, depending on how often you also made at least 30 purchases per billing cycle. Those would be worth at least $180 to $270 in travel, and potentially much more if you transfer your points.
On the other hand, if you're looking for an intro 0% APR credit card or a balance transfer card, paying an annual fee isn't worth it. When you're trying to save money on interest, it doesn't make sense to pay unnecessary credit card fees. There are plenty of no annual fee cards with 0% intro APR offers.
READ MORE: Best No Annual Fee Credit Cards
You make 30-plus purchases every month and you have high spending on groceries and gas.
Truth be told, the Amex EveryDay® Preferred Credit Card is one of those cards that fills a very small niche. It doesn't have the biggest welcome offer, and it only earns well if you use it often enough to earn 50% more points. If you don't, you can probably find top credit cards that offer more value, whether you're looking for travel rewards, cash back, or a 0% intro APR.
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
Credit limits for the Amex EveryDay® Preferred Credit Card can range from $1,000 to over $20,000. American Express determines your credit limit based on several factors, including your income and credit profile.
The Amex EveryDay® Preferred Credit Card usually isn't hard to get for consumers with good credit. While American Express looks at a variety of factors when assessing your application, a FICO® Score of 670 or higher gives you a strong chance of approval.
Yes, you can use the Amex EveryDay® Preferred Credit Card internationally. However, it charges a foreign transaction fee of 2.7% of the transaction amount in U.S. dollars. American Express Cards aren't as widely accepted abroad as they are in the United States.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
For rates and fees for the Amex EveryDay® Preferred Credit Card, click here
The Motley Fool owns shares of and recommends Visa. The Motley Fool recommends Amex.