Who is This Credit Card Best For?
Flies regularly and likes finding ways to score even more travel—for free
Diligently searches for the best products and delights in a good bargain
Hits the road often, whether for work or play
Loves to explore places and experience new things
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. We like the fact that this card doles out points in the Membership Rewards program instead of traditional cash back. That program has several ways to redeem points, but the most valuable is for travel. So this card lets you earn reward travel with your everyday shopping.
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.
High rewards rates in popular spending categories
Enhanced rewards rate for frequent spenders
Purchase requirement for the bonus rewards rate
Earning caps on U.S. supermarket spending
- 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 (often at a 1:1 ratio), and more.
- 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. It’s only worth about $180 on average, based on The Balance calculations. However, 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.
The Amex EveryDay Preferred Credit Card lets you earn points in the Membership Rewards program, which allows you to redeem points for a number of different rewards, including gift cards, statement credits, and paying with points at online retailers. But you’ll usually get the best value when using your points for travel, either by booking flights through amextravel.com, or transferring points to one of the program’s 22 airline and hotel partners.
When you book flights through amextravel.com, your points are worth 1 cent each. If you transfer to an airline partner, they may be worth much more. For example, if you transfer to Delta Air Lines, our research shows your points are worth 1.6 cents each. If you transfer to Air Canada, we found they’re worth 3 cents each.
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. Maximizing the 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 higher earnings rate, too.
One of the most valuable ways to use points is to transfer them to a travel partner rewards program and book an airfare or hotel stay that’s pricey in dollar terms compared to the number of points required. One of the worst things you can do is redeem points for cash back. We found Membership Rewards points are only worth about 0.6 cents each that way.
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
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.
- 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.