5 Things to Know About the AmEx EveryDay Preferred Credit Card

Sara RathnerMay 8, 2020
5 Things to Know About the AmEx Everyday Preferred Credit Card

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If you're seeking to collect Membership Rewards points, The Amex EveryDay® Preferred Credit Card from American Express will deliver, particularly if you mainly use your card on groceries, gas and travel bookings.

The card's $95 annual fee may have you looking instead toward its $0-fee cousin, the Amex EveryDay® Credit Card. But the Preferred version features a more generous welcome offer, higher reward-earning potential and return protection, which might be enough to tip the scales in its favor. Terms apply.

If avoiding an annual fee is your main priority, or you prefer rewards in the form of cash back, consider other options. Otherwise, The Amex EveryDay® Preferred Credit Card from American Express may be worth a look. Here are five things to know about the card.

1. It’s a lower-fee way to snag Membership Rewards

Compared with many other American Express cards that earn Membership Rewards points, The Amex EveryDay® Preferred Credit Card from American Express charges a more palatable $95 annual fee. Terms apply.

For comparison, the American Express® Green Card, the American Express® Gold Card and The Platinum Card® from American Express all charge significantly more. Terms apply.

Of course, The Amex EveryDay® Preferred Credit Card from American Express lacks the higher welcome bonuses and premium travel perks of those other cards — but the Membership Rewards you earn will be just as versatile. You can redeem for things like travel, merchandise or gift cards, or for statement credit to cover the cost of eligible charges. Other options include redeeming rewards at checkout at select online retailers like Amazon or Grubhub, or transferring rewards to airline or hotel partners. Point values vary depending on how you choose to redeem them.

Nerd tip: The other version of this card, the Amex EveryDay® Credit Card, will be your lowest-cost entry into the world of Membership Rewards, with an annual fee of $0. Its rewards are more modest, but it's a better option for balance transfers. Terms apply.

2. It's a decent card for groceries, gas and travel

The Amex EveryDay® Preferred Credit Card from American Express starts with the following welcome offer: Earn 15,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months. Terms Apply.

On an ongoing basis, it earns:

  • 3 Membership Rewards points per $1 spent at U.S. supermarkets on up to $6,000 per year in purchases (1 point per $1 after that).

  • 2 points per $1 spent at U.S. gas stations.

  • 2 points per $1 spent on eligible travel purchases booked through AmexTravel.com.

  • 1 point per $1 spent on other purchases.

  • Terms apply.

3. Get 50% extra points by staying loyal

Reach for The Amex EveryDay® Preferred Credit Card from American Express at least once a day and you can increase your earnings for that month. If you use your card 30 or more times in a billing cycle, you’ll earn 50% more points. Returning a purchase will lower the total number of rewards you’ll earn (and therefore will also lower the points earned through the 50% bonus), but it still counts toward the 30 purchases needed to qualify.

4. You’ll pay 0% interest at first

Pay 0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 13.74% - 23.74% Variable APR. That’s generous indeed, but if your No. 1 priority is saving on interest payments, other cards offer longer 0% APR promotional periods. The Amex EveryDay® Credit Card, for example, offers 0% Intro on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 14.49% - 25.49% Variable APR. Terms apply.

5. It offers travel and purchase protections

When you travel, The Amex EveryDay® Preferred Credit Card from American Express offers rental car insurance and 24/7 travel assistance. You can also shop with more confidence. If you need to return an item you purchased with The Amex EveryDay® Preferred Credit Card from American Express and the merchant won’t take it back, American Express will refund you up to $300 per item, up to a maximum of $1,000 per year. Terms apply.

All information about The Amex EveryDay® Preferred Credit Card from American Express and the Amex EveryDay® Credit Card has been collected independently by NerdWallet. The Amex EveryDay® Preferred Credit Card from American Express and the Amex EveryDay® Credit Card are no longer available through NerdWallet.

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