Amex EveryDay Preferred Credit Card Review

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Many cash-back credit cards have bonus categories that let you earn more points on certain purchases, but the Amex EveryDay Preferred Credit Card's high rewards rates for supermarket and gas purchases—plus the ability to earn even more rewards if you use your card frequently—help it live up to the “everyday” in its name. 

Amex EveryDay® Preferred Credit Card

overall rating
4
Amex EveryDay® Preferred Credit Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.74% - 24.74% variable
Annual Fee $95
Rewards Earning Rate Earn 3 points per $1 at US supermarkets on up to $6,000 per year. Earn 2 points at US gas stations, and 1 point on other purchases.
INTRO PURCHASE APR 0% for 12 Months
Foreign transaction fee (%) 2.7%
Ratings Breakdown
for Interest
2.6
for Fees
2.9
for Rewards
3.9
for Credit
4.0

Earn 15,000 Membership Rewards Points after you use your new Card to make $1,000 in purchases in your first 3 months.

Who is This Credit Card Best For?

  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need
    Savvy Saver
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain
    Deal Seeker

The Amex EveryDay Preferred Credit Card is a solid pick if you’re a heavy card user who spends a lot of money at supermarkets and on gas. (And who doesn’t?) We also love the fact this card doles out points in the Membership Rewards program instead of traditional cash back. This gives you many more ways to use your points. 

On the flip side, it’s worth noting that you may not be able to qualify for this rewards credit card if your credit profile is thin or your score needs work.

Pros

  • High rewards rates in popular spending categories

  • Enhanced rewards rate for frequent spenders

  • Welcome offer

  • Flexible rewards

Cons

  • Annual fee

  • Purchase requirement for the bonus rewards rate

  • Earning caps on U.S. supermarket spending

Pros Explained

  • High rewards rates in popular spending categories: Most people spend money at supermarkets and gas stations all year long, so it’s easy to take advantage of this card’s highest earnings categories.
  • Enhanced rewards rate for frequent spenders: You'll get 50% extra points when you use your card 30 or more times per billing cycle. If you are someone who makes many small purchases or uses your credit card at least once per day, it will be easy to maximize this perk.
  • Welcome offer: You can earn extra points just for hitting a certain spending threshold in your first few months of having the card. It’s not a huge bonus, but it’s nice to have. 
  • Flexible rewards: You can redeem points to cover purchases on your card, cash them in for travel, transfer them to popular travel partners, and more. 

Cons Explained

  • Annual fee: We don’t love the annual fee—especially since it’s not waived the first year. You can get other gas-and-supermarket rewards cards without paying that fee, though you may not earn as many rewards.
  • Purchase requirement for bonus rewards rate: While earning 50% extra points for making at least 30 purchases on your card each billing period sounds like a good idea, this perk could be more hassle than it’s worth. You’ll need to keep track of your purchases to ensure you reach the threshold. 
  • Earning caps: Also note that you’ll only earn 3 points per $1 on up to $6,000 in spending at U.S. supermarkets each year. After that, you’ll earn just 1 point per $1 on all your grocery spending.

Amex EveryDay Preferred Credit Card Welcome Bonus

The welcome offer on the Amex EveryDay Preferred Credit Card is mediocre in comparison to similar cards’ offers. But it is relatively easy to earn. Once you sign up for this card, you can rack up 15,000 Membership Rewards points after you spend $1,000 on your card within the first three months. This spending threshold should be easy to meet — it’s just $334 per month.

Earning Points & Rewards

The Amex EveryDay Preferred Credit Card offers a rewards proposition you don’t see with many other point-earning credit cards. You not only earn 3 points per $1 on up to $6,000 in U.S. supermarket spending, 2 points per $1 spent at U.S. gas stations, and 1 point per $1 spent on all other purchases, but you also earn 50% extra points when you use your card for a minimum of 30 purchases each billing cycle. In addition, you earn 2 points per $1 on bookings through AmexTravel.com and 1 point per $1 spent on everything else.

Your points will never expire provided you have at least one credit card that earns Membership Rewards points open.

Redeeming Rewards

One of the reasons this card is so valuable is that it's more than just a standard cash-back credit card. The Amex EveryDay Preferred Credit Card lets you earn points in the Membership Rewards program, which can be incredibly valuable and versatile—particularly if you like to travel. You can redeem your points in any of the following ways:

  • Pay with points at checkout at stores like Walmart.com and Amazon.com
  • Cash in for gift cards 
  • Cover charges on your card
  • Redeem Membership Rewards for airfare or prepaid hotels, cruises, and other travel through AmexTravel.com 
  • Transfer to 22 airline and hotel partners with varying transfer ratios

For each point transfer to a U.S. airline, a fee of 0.06 cents per point, with a maximum fee of $99, will be charged to your credit card account.

How to Get the Most Out of This Card

The best way to maximize the Amex EveryDay Preferred Credit Card is by using it for all your purchases in the bonus categories. For example, maxing out rewards on supermarket spending will yield you 18,000 Membership Rewards points per year, and spending $100 per month at U.S. gas stations could help you earn an additional 2,400 points within that time. Add in the 15,000-point welcome offer and you’re at 35,400 points the first year without even counting points you might earn on other purchases. 

If you’re able to use your card for at least 30 purchases a month, you’ll get that 50% earnings boost for the month, too. 

One of the most valuable ways to use points is to transfer them to a partner and book an airfare or hotel stay that’s pricey in dollar terms compared to the number of points required.

According to The Balance’s points valuation formula, you’ll get the most value by transferring to the JetBlue TrueBlue program, where your points will be worth 1.32 cents each (anything above 1 cent per point is considered good for rewards cards, as a rule of thumb). One of the worst things you can do is redeem points for cash back.

Amex EveryDay Preferred Credit Card’s Excellent Perks

Rewards credit cards often have a few benefits, but when we see perks that provide you exceptional value, we like to call them out. The Amex EveryDay Preferred has two perks we’d like to highlight:

  • Baggage insurance: Covered persons can receive up to $1,250 in baggage replacement costs in the event a common carrier loses your baggage. 
  • Travel accident insurance: Qualify for up to $100,000 in travel accident coverage that pays when an injury sustained during a trip results in accidental loss of life or dismemberment. 

Amex EveryDay Preferred Credit Card’s Other Features

In addition to the excellent perks this card offers, here are some other features worth noting:

  • Car rental loss and damage coverage
  • Preferred seating at concerts
  • Return protection
  • Extended warranty
  • Purchase protection

Customer Experience

A 2019 customer satisfaction survey from J.D. Power ranked American Express second in its ratings for the customer experience, behind only Discover. The American Express app also receives high ratings from users, with 4.9 out of 5 stars on iTunes and 4.3 out of 5 stars on Google Play. The 2019 J.D. Power Credit Card Mobile App Satisfaction study ranked American Express second in the industry, as well.

American Express also offers 24/7 customer service you can access on the phone or through online chat. 

Security Features

  • Account alerts for irregular activity
  • Account alerts when you make a purchase, make a payment, or American Express suspects fraudulent activity on your account

Amex EveryDay Preferred Credit Card Fees to Watch

In addition to the annual fee, the Amex EveryDay Preferred charges a 2.7% foreign transaction fee—both of which some competitors don’t charge.

For Amex EveryDay® Preferred Credit Card

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CURRENT CARD
Amex EveryDay® Preferred Credit Card
overall rating
4
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.74% - 24.74% variable
Annual Fee $95
Rewards Earning Rate Earn 3 points per $1 at US supermarkets on up to $6,000 per year. Earn 2 points at US gas stations, and 1 point on other purchases.

Our Methodology

  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.