AmEx EveryDay vs. AmEx EveryDay Preferred: Preferred Wins a ‘Meh’ Matchup

Both are low-cost entries into the world of Membership Rewards points, but they're also both fairly low-wattage options in terms of features.

Sara RathnerFeb 18, 2021
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

If you want to build up your stash of American Express Membership Rewards points without feeling like you have to join a country club to do so, two options provide a way in without a sky-high annual fee:

Similarly named and designed, these cards also come with some similar features: elevated rewards on groceries and travel, as well as a 0% intro APR on new purchases and other extras that encourage you to reach for these cards every day. And for those looking to play in the Membership Rewards space, annual fees only go up from here. Terms apply.

But if what you really care about is earning high rates on this kind of spending, you can do better than either one, especially among cards that earn cash back instead of points, often for no annual fee. And cash back, of course, is the most flexible reward of all.

Still, Membership Rewards points are also pretty flexible. And while redemption values can vary widely depending on what you choose — statement credit, for example, gives you a value of only 0.6 cent per point — in some cases, you can snag outsize point values ranging far higher than that, especially for certain travel redemptions.

If that piques your interest and you're looking to keep costs low, here’s how to decide which AmEx EveryDay card is right for you.

Nerdy tip: American Express has a third card with "Everyday" in its name: the $0-annual-fee Blue Cash Everyday® Card from American Express. But it earns cash back, not Membership Rewards points. Terms apply.

How they compare at a glance

For its $95 annual fee, The Amex EveryDay® Preferred Credit Card from American Express offers a few more perks than the $0-fee Amex EveryDay® Credit Card, like return protection. Terms apply. Plus, it has higher point-earning potential.

On balance, the Amex EveryDay® Credit Card just doesn't compete well on that score.

Here’s how the cards stack up.

Amex EveryDay® Credit Card

The Amex EveryDay® Preferred Credit Card from American Express

Annual fee

$0. Terms apply.

$95. Terms apply.

Welcome offer

Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months. Terms Apply.

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.

Ongoing rewards

  • 2 Membership Rewards Points per $1 spent at U.S. supermarkets on up to $6,000 per year (then 1 point per $1).

  • 2 Membership Rewards Points per $1 on travel booked through AmexTravel.com.

  • 1 point per $1 on all other purchases.

  • Terms apply.

  • 3 Membership Rewards Points per $1 spent at U.S. supermarkets on up to $6,000 per year (then 1 point per $1).

  • 2 Membership Rewards Points per $1 at U.S. gas stations and on travel booked through AmexTravel.com.

  • 1 point per $1 on all other purchases.

  • Terms apply.

APR

0% Intro on Purchases for 15 months, and then the ongoing APR of 12.99% - 23.99% Variable APR. Terms apply.

0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 13.74% - 23.74% Variable APR. Terms apply.

Foreign transaction fee

2.7% per transaction. Terms apply.

2.7% per transaction. Terms apply.

Additional perks

  • Earn 20% more points when you use your card 20 or more times in a billing period. Terms apply.

  • Travel benefits: Rental car insurance and 24/7 global assistance hotline.

  • Terms apply.

  • Earn 50% more points when you use your card 30 or more times in a billing period. Terms apply.

  • Travel benefits: Rental car insurance and 24/7 global assistance hotline.

  • Return protection: Within 90 days of purchase; up to $300 per item, up to $1,000 per year.

  • Terms apply.

Nerdy tip: You can upgrade or downgrade between the Amex EveryDay® Credit Card and The Amex EveryDay® Preferred Credit Card from American Express, but not beyond — meaning you can't request a product change from one of these Membership Rewards-earning cards to, say, an AmEx card that earns cash back (like the Blue Cash suite of products).

Why The Amex EveryDay® Preferred Credit Card from American Express comes out on top

Larger 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. Depending on how you decide to redeem it, that could get you $150 in value or perhaps more.

More robust rewards

With either card, you can max out the bonus rewards at U.S. supermarkets by spending $500 a month in that category. But The Amex EveryDay® Preferred Credit Card from American Express offers you an extra point per $1 on that spending (up to the $6,000 cap), so maxing out that offer would net you 6,000 more points per year — which could translate to an extra $30 to $60 more in redemption value. Terms apply.

The Amex EveryDay® Preferred Credit Card from American Express also offers bonus rewards at U.S. gas stations, while its lower-tier sibling card doesn't. Terms apply.

More bonus points for loyalty

Use The Amex EveryDay® Preferred Credit Card from American Express at least 30 times in a billing cycle and earn 50% more points. Terms apply. That means that if you use your card roughly once per day, each purchase could end up earning you 1.5 to 4.5 points per $1, which are good rates indeed.

The Amex EveryDay® Credit Card also offers a points bonus that may be easier to hit but is less valuable.

Recourse if you need a refund

If a merchant won’t let you return a purchase, The Amex EveryDay® Preferred Credit Card from American Express can help if it’s within 90 days of the date you bought the item. Get a refund for eligible purchases of up to $300 per item (up to $1,000 per calendar year). Terms apply.

The Amex EveryDay® Credit Card doesn’t include return protection as a benefit.

Alternative to The Amex EveryDay® Preferred Credit Card from American Express

If you’re open to cash back instead of Membership Rewards, the Blue Cash Preferred® Card from American Express earns an industry-leading 6% cash back at U.S. supermarkets on up to $6,000 in spending per year (then 1% back); 6% back on select U.S. streaming service subscriptions; 3% back on eligible transit and at U.S. gas stations; and 1% back on other purchases. Terms apply (see rates and fees). Earn a Earn up to $350 in statement credits: Earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back. Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits. Terms Apply. The annual fee is $0 intro for the first year, then $95. Terms apply.

Why you might still want the Amex EveryDay® Credit Card

No annual fee

There's simply no other $0-annual-fee credit card that can snag you Membership Rewards points. Otherwise, if you want in, entry will cost you.

That alone may make the Amex EveryDay® Credit Card desirable, especially since it comes with the same key benefit of all Membership Rewards-earning cards: the ability to transfer points to multiple travel partners, possibly allowing you to snag some good deals.

Ultimately, though, any number of other no-annual-fee travel credit cards offer higher rewards rates and more generous welcome bonuses.

Longer 0% intro APR period on purchases

The card does offer an intro 0% Intro on Purchases for 15 months, and then the ongoing APR of 12.99% - 23.99% Variable APR. Terms apply. That's a decent window of time for financing a purchase — and longer than what its more upscale cousin offers.

Alternatives to the Amex EveryDay® Credit Card

Again, if you're willing to consider cash back, you may have better options. The Blue Cash Everyday® Card from American Express earns 3% cash back at U.S. supermarkets on up to $6,000 in spending per year (then 1% back); 2% back at U.S. gas stations and select U.S. department stores; and 1% back on other purchases. Terms apply (see rates and fees).

The card also features a welcome offer: Earn up to $250 in statement credits: Earn 20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back. Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits. Terms Apply. You'll also get 0% intro APR on Purchases for 15 months, and then the ongoing APR of 13.99% - 23.99% Variable APR. The annual fee is $0. Terms apply.

Or if you’d prefer not to keep track of bonus categories, a flat-rate card keeps things simple. The Citi® Double Cash Card – 18 month BT offer earns 2% cash back on all purchases: 1% as you buy, 1% as you pay). And unlike the Amex EveryDay® Credit Card, which no longer offers a 0% intro APR on balance transfers, the Double Cash does: 0% intro APR on Balance Transfers for 18 months, and then the ongoing APR of 13.99% - 23.99% Variable APR. The annual fee is $0.


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

To view rates and fees of the Blue Cash Preferred® Card from American Express, see this page. To view rates and fees of the Blue Cash Everyday® Card from American Express, see this page.

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.