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Amex EveryDay Review: A Low-Wattage Rewards Card

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Amex EveryDay Credit Card: Swipe Your Way To Membership Rewards

The Amex EveryDay® Credit Card from American Express is something of an oddity. It’s the only $0-annual-fee American Express card that gives out travel-friendly Membership Rewards points, but it’s not a very good travel credit card. It offers bonus rewards at U.S. supermarkets, but you can get significantly more value at the grocery store from other cards, including from American Express.

As you’d guess from the name — and from the bonus it gives you for using it frequently — The Amex EveryDay® Credit Card from American Express is intended to be a use-everywhere, all-the-time card. However, most consumers could probably derive more value by keeping a cash-back credit card or a travel rewards card at the top of their wallet.

The Amex EveryDay® Credit Card from American Express

The Amex EveryDay® Credit Card from American Express

Apply Now on American Express's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • High rewards rate
    • No annual fee
    • 0% on Purchases and Balance Transfers for 12 months

    Annual Fees

    $0

    APR

    • APR: 13.99% - 23.99% Variable APR
    • Penalty APR: Up to 29.99%, Variable
    • Cash Advance APR: 26.24%, Variable

    Bonus Offers

    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

    Intro APR

    • 0% on Purchases and Balance Transfers for 12 months
  • Additional Information
    • Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
    • Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits. Terms and limitations apply.
    • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases. Terms and limitations apply.
    • You can use Membership Rewards® points for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking.
    • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.99% to 23.99%, based on your creditworthiness and other factors.
    • Terms Apply.

» MORE: NerdWallet’s best rewards credit cards

The Amex EveryDay® Credit Card from American Express: Basics and benefits

Travel cards commonly offer bonus rewards on travel-related purchases. Cash-back cards often give bonus rewards at the grocery store. The Amex EveryDay® Credit Card from American Express is one of the few cards we’ve seen that offer bonus rewards both on travel purchases and at U.S. supermarkets.

Basic card features

With this card, you get:

  • 2 Membership Rewards points for every dollar spent at U.S. supermarkets (on up to $6,000 a year in spending, then 1 point per dollar)
  • 2 points per dollar on eligible travel purchases booked through amextravel.com
  • 1 point per dollar on all other purchases
  • A 20% points bonus for each billing period in which you use the card at least 20 times
  • A $0 annual fee
  • A modest sign-up bonus: 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.
  • An introductory APR of 0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 13.99% - 23.99% Variable APR

Key benefits

A $0 annual fee and a 0% APR period. These make the card a decent option for financing a major purchase at no cost. However, it charges a transfer fee of 3% (minimum $5), making it less attractive for balance transfers.

Bonuses. The bonuses offered by The Amex EveryDay® Credit Card from American Express are relatively modest, but they’re certainly better than no bonuses at all, which is what some no-fee cards give you. NerdWallet values Membership Rewards points at 0.5 to 1 cent apiece, depending on how you redeem them. So a 10,000-point sign-up bonus equates to a maximum of $100.

Then there’s the 20% points bonus for using the card 20 or more times in a billing period. Assuming you get a value of 1 cent per point, that boosts your effective rewards rate to 1.2% on purchases, and 2.4% in the bonus categories. However, plenty of other cards offer better rates.

Flexible rewards. Membership Rewards points can be redeemed for travel, cash, gift cards and more. They can also be transferred to the loyalty programs of partner airlines and hotel chains. Be aware that some options give you less than a penny’s worth of value per point. Minimum redemption is 1,000 points.

» MORE: NerdWallet’s best travel credit cards

The Amex EveryDay® Credit Card from American Express: Drawbacks

The Amex EveryDay® Credit Card from American Express offers an interesting combination of bonus rewards, but it’s not best in class on any particular feature.

You can earn higher rewards for $0 a year

American Express itself offers another $0-annual-fee card with better rewards at the grocery store. The Blue Cash Everyday® Card from American Express offers offers 3% cash back at U.S. supermarkets (on up to $6,000 annually, then 1%), 2% at U.S. gas stations and select department stores and 1% on everything else. The card comes with a similar sign-up bonus, too: $100 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. Terms Apply.

Meanwhile, the Citi® Double Cash Card – 18 month BT offer earns 1% cash back on every dollar you spend, then an additional 1% cash back for every dollar you pay off — effectively doubling the base rate on The Amex EveryDay® Credit Card from American Express. This card also has an annual fee of $0, although it has no sign-up bonus.

IT CHARGES FOREIGN TRANSACTION FEES

Although The Amex EveryDay® Credit Card from American Express attempts to appeal to travelers with bonus rewards for certain travel booked online through American Express, it’s not a good card to take with you abroad, since it charges a foreign transaction fee of 2.7%. The Capital One® Venture® Rewards Credit Card charges no such fees. Further, its rewards are more flexible for travelers. You earn 2 miles for every dollar spent, and miles can be redeemed for a credit on your statement against any travel purchase — no matter how you booked it. This card comes with a hefty sign-up bonus: Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $400 in travel. There is an annual fee, however: $0 for the first year, then $59.

THERE ARE BETTER OPTIONS FOR POINT TRANSFERS

When transferring Membership Rewards points to partner programs, you sometimes get an exchange value of less than 1-to-1. For example, 1,000 Membership Rewards points will get you only 750 Delta SkyMiles in return. Further, when you transfer points to U.S. airlines, you pay a fee of $0.0006 per point, up to a maximum of $99. Compare with the Chase Sapphire Preferred® Card, whose points can be transferred to nearly a dozen airline and hotel programs on a 1:1 basis with no fee. The Chase Sapphire Preferred® Card earns 2 points per dollar spent on travel and dining and 1 point per dollar on all other purchases. It has a great sign-up bonus: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. It, too, has an annual fee of $0 for the first year, then $95.

The Amex EveryDay® Credit Card from American Express: Is it right for you?

The Amex EveryDay® Credit Card from American Express isn’t a bad card: It offers rewards, and it doesn’t cost you anything to carry. But there are much better rewards cards available for everyday spending and for travel spending.

Last updated June 8, 2017. 

Melissa Lambarena is a staff writer at NerdWallet, a personal finance website. Email: mlambarena@nerdwallet.com. Twitter: @LissaLambarena.