The Amex EveryDay® Card offers an attractive array of awards perfect for travel enthusiasts and savvy shoppers. The generous introductory offer coupled with the lack of annual favorite makes this card a popular crowd-pleaser.
While you’ll need good-to-excellent credit to qualify, don’t worry if you’re new to the U.S. and don’t yet have a credit score: if you are a newcomer with a good history of managing your finances in your home country, you can use your international credit history to apply.
Read our take on the Amex EveryDay®® Credit Card below to figure out if it’s the right card for you.
American Express EveryDay Credit Card fees
The Amex EveryDay® Credit Card has a 0% intro APR on purchases and balance transfers for 15 months and a regular APR thereafter. Your APR will depend on factors such as your credit history, income, existing debt and more.
Customers who wish to enjoy the $0 balance transfer fee must ensure they request the relevant transfers within 60 days of account opening.
Amex EveryDay®® Credit Card perks
The American Express EveryDay Credit Card welcome bonus is best broken down into two parts.
First, you’ll earn $10,000 membership rewards points after you use your new Card to make $1,000 in purchases in your first 3 months. Those points have a value of anywhere from $75 to $150, depending on the method used to redeem them. American Express allows points redemption through online purchases at retailers, gift cards, booking travel, statement credits and more.
The second appealing aspect of the welcome offer is the 0% APR on purchases and balance transfers for 15 months. You won’t be charged interest on any balances you carry during that period and you can transfer balances from other credit cards to gain relief from the interest they were paying on them. Balance transfers are even more appealing, as there is no fee on those transactions. There is a catch, however: the balance transfer perk is only available on transfers initiated within the first 60 days of account opening.
Rewards points offers
American Express offers 2x rewards for purchases made at U.S. supermarkets on up to $6,000 per year. It means that an individual who spends the full $6,000 would receive 12,000 membership rewards points which have a dollar value of up to $120. All other purchases come with 1x membership rewards points (1 point for every $1 spent).
American Express has the following membership rewards points redemption methods available to cardholders:
- Pay with points at checkout
- Redeem for gift cards
- Cover your card charges
- Book or upgrade travel
- Transfer points
- Go shopping
Many cardholders may also like the ability to transfer points to frequent traveler programs like JetBlue, Choice Privileges Rewards, Hilton Honors or Delta.
Advantages of use for everyday purchases
There is a bonus of 20% membership rewards points if cardholders complete 20 or more purchases of goods or services during a billing period.
The most effective way to use the Amex EveryDay® card is to try and combine the 2x U.S. supermarkets reward with the 20% bonus points reward. If you spend $6,000 per year at U.S. supermarkets and manage to do so with 20+ transactions each month, you’ll earn a total of 14,400 points for those $6,000 spent. If those points have a dollar value of $0.01, it means rewards of $144 on $6,000 spending.
The Amex EveryDa®y is not the ideal rewards credit card for travelers as many cards on the market offer superior points travel purchase rewards, statement credits and discounts.
The card does, however, protect travelers when they are on a vacation or business trip. The company’s Global Assist Hotline and Roadside Assistance Hotline can help you if you find yourself in an emergency far from home. Hotline assistance is available 24/7.
Travel accident and complimentary car rental insurance are also card member benefits. The coverage extends to damages and collisions which means that cardholders can decline pricey rental company coverage.
American Express offers value on rewards credit cards to shoppers, beyond points bonuses. One of the most significant advantages is the extended warranties on purchases.
If a merchant only offers a one-year warranty, Amex may be able to extend it. The company also provides return protection for up to 90 days on items that merchants do not take back, but there are value limitations of $300 per item and $1,000 per year.
Is the Amex EveryDay® Credit Card worthwhile?
If you’re making big purchases, you might like Plan It®, an Amex card feature that comes with the Amex EveryDay. After you make a purchase, select a plan length and pay no interest charges—a fixed monthly fee is shown upfront.
While there are other Amex cards with a more extensive rewards program, this card offers 2x points on U.S. supermarkets, for up to $6,000. With points valued at $0.01, cardholders can accrue nearly $120 in rewards through their grocery store and supermarket shopping.
Using the card regularly also results in bonuses of 20% more points on all purchases made during a period where the cardholder uses the card 20 or more times. Every other purchase nets 1x points, which equates to a maximum of $10 in rewards for each $1,000 spent.
The other perks of owning an American Express card, such as early access to popular concert and sporting events tickets, and travel protection, add further value for cardholders.
Most of the value from the Amex EveryDay® Card stems from its status as one of the best balance transfer credit cards on the market. If you do not intend to transfer any balance to the credit card, there are plenty of other cards that have enticing welcome offers, 0% APR for 12-15 months and offer enticing shopping, travel, and other rewards.
Why the Amex EveryDay® Card might not be the right fit for you
There is a value to the Amex EveryDay® as a card with no annual fee and impressive bonus points rewards, but it isn’t the only card on the market that fits that profile. If you don’t plan to spend significant amounts of money in the first 15 months or to transfer a balance from another card, you may find the rest of the Amex EveryDay® offer underwhelming.
Individuals should also consider how long they need to pay off their existing credit card debt, which they may shift to the Amex EveryDay®® Credit Card. While 15 months seems like a long time, it is not the lengthiest 0% APR offer for balance transfers, as the Citi Simplicity® Card offers 21 months.
American Express offers membership points for cardholders who spend $1,500 within the first three months. But considering the value of those points, which have a value of anywhere from $0.01 to $0.005, many credit cards offer rewards of a higher value.
This card also might not be the best for frequent fliers: the foreign transaction fee currently stands at 2.7%.
The bottom line is that the Amex EveryDay®® Credit Card has significant value in specific circumstances. Individuals who have existing credit card debt to pay off, plan to use the card almost every day, and spend significant money at U.S. supermarkets will be very pleased with the rewards on offer.
The card, however, is not the best option if your use case does not fit the above criteria. Those who spend most of their money on travel, eating out or other activities may not find the rewards offers appealing enough to pass up on other credit card offers.
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