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Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

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Amex EveryDay® Credit Card Review

Earn 20% Extra Points. Use your Card 20 or more times on purchases in a billing period and get 20% more points on those purchases less returns and credits.

Amex EveryDay® Credit Card Review

Learn More

Earn 20% Extra Points. Use your Card 20 or more times on purchases in a billing period and get 20% more points on those purchases less returns and credits.

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Introduction

The Amex EveryDay® Credit Card stands out in a crowded marketplace of plastic wonders for a very special reason—it is designed with the everyday consumer in mind. Whether you are filling up the tank, stocking up on groceries, or enjoying a night out, this card aims to enrich your daily transactions with valuable rewards. With its unique rewards program that caters to the regular day-to-day purchases, it brings a fresh perspective on optimizing your spending habits. In this comprehensive review, we will delve deep into what makes the Amex EveryDay® Credit Card a preferred choice for those who seek to maximize benefits from their regular spending. Balancing the fine line between rewarding and practical, this credit card aims to elevate the mundane into something more rewarding.

Welcome Bonus

The Amex EveryDay® Credit Card rolls out the red carpet for its new cardholders with a welcome bonus designed to catch the eye. As you begin your journey with this card, you can earn a generous influx of reward points. Subject to change, but as an example, new cardholders might be greeted with the opportunity to earn 10,000 Membership Rewards® points after making $1,000 in purchases with their new Card within the first 3 months of Card Membership. This introductory offer not only provides an immediate reward but also introduces the cardholder to the potential of accumulating and leveraging Membership Rewards® points right from the start. The welcome bonus is a testament to the card’s philosophy of rewarding everyday spending, giving you a head start on reaping the benefits for your usual expenditure.

Earning Rewards

The Amex EveryDay® Credit Card transforms your everyday purchases into a rewarding experience by offering a well-structured rewards earning program. At the heart of its attractiveness is the way it allows cardholders to accumulate points on purchases they would be making anyway. Here’s a breakdown of how you can earn rewards with the Amex EveryDay® Credit Card:

  • Groceries: Earn 2 Membership Rewards® points for every dollar spent at U.S. supermarkets, on up to $6,000 per year in purchases (then 1 point thereafter). This is particularly beneficial for families or individuals who spend a significant portion of their budget on groceries.
  • Everyday Purchases: For all other purchases, the card offers 1 Membership Rewards® point per dollar spent, making every transaction, no matter how small, count towards your rewards.
  • Transaction Bonus: Amplify your earning potential with a unique feature. If you use your Amex EveryDay® Credit Card for 20 or more purchases within a billing period, you earn 20% extra points on those purchases (less returns and credits).

These earning mechanisms are designed to fit seamlessly into your everyday life, rewarding you for the spending you’re already doing. Whether it’s a routine trip to the supermarket or filling up on gas, the Amex EveryDay® Credit Card ensures that every dollar you spend works harder for you. Moreover, the lack of an annual fee means that every reward point earned is even more valuable, enhancing the overall appeal of this rewards program.

Redeeming Rewards

Redeeming rewards with the Amex EveryDay® Credit Card is a straightforward and flexible process, designed to cater to a wide variety of preferences and needs. The Membership Rewards® points you accumulate with this card can open up an array of possibilities, from travel to shopping and beyond. Here is an overview of how you can use your hard-earned points:

  • Travel: One of the most appealing aspects of the Amex EveryDay® Credit Card’s rewards program is the ability to use points for travel. Cardholders can book flights, hotels, and more through American Express Travel. Points can also be transferred to several airline and hotel loyalty programs, often on a 1:1 basis, maximizing the potential value of each point.
  • Shopping: For those who prefer to shop with their points, there are multiple options. You can use points for online purchases at select retailers or opt for gift cards from a wide range of brands and services, ensuring that there is something for everyone.
  • Statement Credits: For added convenience, points can be redeemed for statement credits to directly offset purchases made with the card. This provides a simple way to reduce your card balance using your rewards.
  • Charitable Donations: If you’re inclined to use your points for a good cause, the program allows for donations to selected charities, giving you a chance to make a difference with your rewards.

The beauty of the Membership Rewards® program is in its flexibility, allowing cardholders to tailor the redemption process to their personal preferences and lifestyles. Whether you’re saving up for a dream vacation, eyeing the latest tech gadget, or looking to make a positive impact, the rewards you earn with the Amex EveryDay® Credit Card can help you get there. The key is to explore all the redemption options available and choose the ones that offer the best value for your points and align with your personal goals.

Perks and Benefits

The Amex EveryDay® Credit Card offers more than just a rewards program; it comes with a suite of perks and benefits designed to enhance the cardholder’s lifestyle and provide peace of mind. These features make the card a valuable companion for daily use as well as for special occasions. Here’s a closer look at the perks and benefits you can expect:

  • No Annual Fee: One of the most attractive features of the Amex EveryDay® Credit Card is that it comes with no annual fee, making it accessible for a wide range of consumers looking to earn rewards without extra costs.
  • 0% Intro APR on Purchases: New cardholders can enjoy a 0% introductory APR on purchases for the first 12 months from the date of account opening, a feature that can be particularly beneficial for those planning to make a large purchase and pay it off over time without incurring interest.
  • Access to Amex Offers: Cardholders have exclusive access to Amex Offers, which provides opportunities to earn extra points or receive discounts at a range of participating merchants, from retail to dining and entertainment.
  • Purchase Protection: The card comes with purchase protection, which can help protect eligible purchases made with the card against accidental damage or theft for up to 90 days from the date of purchase.
  • Fraud Protection: Amex offers advanced fraud protection to safeguard your account, ensuring that you won’t be held responsible for unauthorized charges made with your card.
  • Global Assist® Hotline: When you travel more than 100 miles from home, the Global Assist® Hotline provides access to 24/7 emergency assistance, including medical, legal, and financial coordination services.
  • Entertainment Access: Through Amex Experiences, cardholders can enjoy exclusive access to ticket presales and member-only events, ranging from concerts to theater productions.

Together, these perks and benefits add substantial value to the Amex EveryDay® Credit Card, enriching the cardholder’s experience beyond the basic credit card offering. Whether it’s enjoying a night out, protecting your purchases, or receiving assistance while traveling, this card is designed to support and enhance your lifestyle in many facets.

Pros and Cons

When considering the Amex EveryDay® Credit Card, it’s beneficial to weigh its advantages and potential drawbacks to determine if it aligns with your spending habits and rewards preferences. Here, we present a balanced view of the pros and cons associated with this card.

Pros:

  • No Annual Fee: The absence of an annual fee makes the Amex EveryDay® Credit Card an attractive option for consumers looking to earn rewards without an upfront cost.
  • Rewards on Everyday Purchases: With 2 Membership Rewards® points per dollar spent at U.S. supermarkets (on up to $6,000 per year, then 1 point), and 1 point per dollar on other purchases, this card rewards your daily spending.
  • Bonus Points for Usage Frequency: A unique feature of this card is the ability to earn 20% extra points on purchases when you use the card 20 or more times on purchases in a billing period.
  • Flexible Rewards Redemption: Membership Rewards® points can be redeemed for a variety of options, including travel, shopping, statement credits, and more, offering great flexibility.
  • Introductory APR: A 0% introductory APR on purchases for the first 12 months provides a period without interest, which is ideal for financing a large purchase.
  • Amex Offers: Access to exclusive discounts and bonus points at a range of merchants through Amex Offers adds additional value.

Cons:

  • Foreign Transaction Fee: The card charges a foreign transaction fee, making it less ideal for international travel or overseas purchases.
  • Cap on Grocery Rewards: The 2 points per dollar spent on groceries applies only up to $6,000 per year, after which the rate drops to 1 point per dollar.
  • Credit Score Requirements: Typically, the card requires a good to excellent credit score for approval, which may not be accessible to all consumers.
  • Limited Lounge Access: Unlike some other American Express cards, the Amex EveryDay® Credit Card does not offer complimentary airport lounge access.
  • Competitive Alternatives: Some cardholders might find other cards offer more tailored benefits to their specific spending patterns, especially in categories like dining or travel.

In summary, the Amex EveryDay® Credit Card is a strong contender for those who want a no-annual-fee card that rewards everyday purchases, particularly groceries. Its bonus points for transaction frequency and flexible rewards redemption are standout features. However, for those who travel frequently abroad or have spending habits that align more closely with other rewards categories, it might be worth exploring other options. Assessing your individual needs and spending behaviors is key to determining if this card is the right fit for you.

Comparison to Other Cards

When evaluating the Amex EveryDay® Credit Card against other options in the market, it’s important to consider how its features stack up to those of similar rewards cards. Here’s a comparative analysis that highlights the card’s strengths and potential considerations when viewed alongside other popular credit card offerings:

Amex EveryDay® Credit Card vs. Chase Freedom Unlimited®

  • Rewards Structure: The Amex EveryDay® Credit Card offers 2 Membership Rewards® points per dollar spent at U.S. supermarkets (on up to $6,000 per year in purchases, then 1 point thereafter) and a 20% bonus on points for making 20 or more purchases within a billing period. Chase Freedom Unlimited® provides a different structure with 1.5% cash back on all purchases, plus varying higher cash back rates on certain categories, such as travel booked through Chase.
  • Intro APR Period: Both cards offer a 0% introductory APR on purchases, but the duration may vary. This provides a great opportunity for cardholders to make large purchases and pay them off over time without interest.
  • Annual Fee: Neither card has an annual fee, making them both appealing to consumers who prefer not to pay for the privilege of earning rewards.

Amex EveryDay® Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card

  • Rewards Flexibility: The Amex EveryDay® Credit Card shines with the flexibility of Membership Rewards®, which can be redeemed for travel, shopping, statement credits, and more. The Capital One Quicksilver Cash Rewards Credit Card, on the other hand, offers straightforward cash back rewards that are easy to redeem but lack the transfer options to travel partners.
  • Welcome Bonus: Both cards typically offer a welcome bonus, but the specifics, including the amount and spending requirements, can vary. These bonuses add initial value and appeal to new cardholders.
  • Perks: While both cards come with a variety of benefits, the Amex EveryDay® Credit Card tends to offer a broader range of travel and shopping protections. Additionally, access to exclusive offers through Amex Offers adds a unique layer of value.

Considerations for Choosing a Card

  • Spending Habits: Your choice should align with your spending habits. If you spend heavily on groceries, the Amex EveryDay® Credit Card may offer more value. For more generalized spending, a card like Chase Freedom Unlimited® could be more beneficial.
  • Rewards Preferences: Consider whether you prefer flexible points (like Membership Rewards®) that can be used for a variety of redemption options or straightforward cash back.
  • Perks and Protections: Evaluate which card offers the perks and protections most relevant to your lifestyle, whether that’s travel insurance, purchase protection, or exclusive access to events.

In summary, the Amex EveryDay® Credit Card excels in its offering for those who prioritize groceries in their budget and enjoy the flexibility of the Membership Rewards® program. Its unique reward structure, especially the bonus for making a certain number of transactions, sets it apart from the competition. However, depending on your spending habits and preferences, other cards might offer more direct value. Always consider your personal financial scenario and rewards goals when choosing a credit card.

Conclusion

In the landscape of rewards credit cards, the Amex EveryDay® Credit Card carves out a distinctive niche for itself, particularly appealing to those who prioritize earning rewards on everyday purchases like groceries. With its unique combination of no annual fee, a generous welcome bonus, and a rewards program that amplifies benefits based on usage frequency, this card stands as a compelling choice for consumers looking to maximize their spending without incurring extra costs. Notably, the card’s flexible rewards redemption options, including travel, shopping, and statement credits among others, ensure that cardholders can tailor the use of their points to best suit their lifestyles and preferences. Additionally, benefits like a 0% introductory APR on purchases, access to Amex Offers, and a suite of protective features add layers of value that extend beyond just rewards. However, potential cardholders should consider the card’s limitations, such as the foreign transaction fee and the cap on elevated grocery rewards, when deciding if this card aligns with their spending habits and financial goals. Additionally, those with varied spending across multiple categories or frequent international travelers might find alternative cards more tailored to their needs.

What is the welcome bonus for the Amex EveryDay® Credit Card?

The welcome bonus for the Amex EveryDay® Credit Card can vary, but an example might include earning 10,000 Membership Rewards® points after you make $1,000 in purchases on your new Card in your first 3 months. Terms apply and bonuses may change, so it’s important to check the latest offer.

What is the APR for the Amex EveryDay® Credit Card?

The Amex EveryDay® Credit Card offers a 0% introductory APR on purchases for the first 12 months of Card Membership. After the introductory period, the APR will vary based on your creditworthiness and the Prime Rate. Be sure to review the most current terms and conditions.

Is there an annual fee for the Amex EveryDay® Credit Card?

No, there is no annual fee for the Amex EveryDay® Credit Card, making it an attractive option for those who wish to earn rewards without paying a yearly charge.

Can I transfer points earned with the Amex EveryDay® Credit Card?

Yes, one of the benefits of the Membership Rewards® program is the ability to transfer points to a wide range of airline and hotel loyalty programs, often on a 1:1 basis. This feature provides great flexibility in how you can use your points.

How can I earn rewards with the Amex EveryDay® Credit Card?

You can earn 2 Membership Rewards® points per dollar at U.S. supermarkets on up to $6,000 per year in purchases (then 1x), 1 point per dollar on other purchases, and a 20% bonus on points if you use your card for 20 or more purchases in a billing period.

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