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The Amex EveryDay Credit Card: Swipe Your Way to Membership Rewards

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Amex EveryDay Credit Card: Swipe Your Way To Membership Rewards

The Amex EveryDay® Credit Card from American Express Editor's Rating: 2.4 / 5

If you’re looking for a good rewards credit card for everyday spending, you’re probably finding yourself lost in a sea of bonus category comparisons and cash-back rates. Well, all that has changed: With the introduction of The Amex EveryDay® Credit Card from American Express and The Amex EveryDay® Preferred Credit Card from American Express, the company is now offering two cards with potentially stellar rewards rates and no need to worry about quarterly bonuses. But do these particular American Express cards really live up to all the hype they’re getting? Let’s dig into the details to find out.

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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

    Cons

    Annual Fees

    $0

    APR

    • APR: 13.74% - 23.74% Variable APR
    • Penalty APR: Up to 29.99%, Variable
    • Cash Advance APR: 25.99%, Variable

    Bonus Offers

    Earn 10,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the 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 13.74% to 23.74%, based on your creditworthiness and other factors.
    • Terms Apply.

At a glance
Annual fees The Amex EveryDay® Credit Card from American Express: $0
The Amex EveryDay® Preferred Credit Card from American Express: $95
Rewards program Membership Rewards, which can be redeemed for travel, gift cards, merchandise and more
Sign-up bonus The Amex EveryDay® Credit Card from American Express: Earn 10,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months. Terms Apply
The Amex EveryDay® Preferred Credit Card from American Express: 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
Verdict: If you use your card frequently and feel you get good use out of Membership Rewards points, these cards are a good choice
Good for:
  • Someone who uses their credit card frequently
  • Someone who spends a lot on groceries
  • Someone who wants variety when it comes to redeeming rewards
  • Someone who doesn’t want the hassle of dealing with rotating bonus categories
Bad for:
  • Someone who spends a lot on dining and travel
  • Someone who wants the flexibility of cash-back rewards
  • Someone who doesn’t use their credit card very often

In this article:

The Amex EveryDay® Credit Card from American Express and The Amex EveryDay® Preferred Credit Card from American Express: the basics
Now Liz Lemon is earning Membership Rewards, too
Where The Amex EveryDay® Credit Card from American Express shines
When The Amex EveryDay® Preferred Credit Card from American Express is a better choice
Where The Amex EveryDay® Credit Card from American Express falls short
Feeling Blue? Don’t cancel your Blue Cash Everyday® Card from American Express just yet
Who should consider The Amex EveryDay® Credit Card from American Express?

The Amex EveryDay® Credit Card from American Express and The Amex EveryDay® Preferred Credit Card from American Express: the basics

Amex’s two new cards are kind of like fraternal twins—they have a lot in common, but there are some key differences that set them apart from one another. We’ll take a look at the basics of each card first, then dive into some analysis.

The Amex EveryDay® Credit Card from American Express

  • Sign-up bonus: Earn 10,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months. Terms Apply
  • Annual fee: $0
  • Earn 2 Membership Rewards points for every dollar spent at U.S. supermarkets (up to $6,000 per year)
  • Earn 1 Membership Rewards point for every dollar spent on all other purchases
  • Earn a 20% points bonus on all purchases when you reach at least 20 transactions in a billing cycle (minus any returns or account credits)

The Amex EveryDay® Preferred Credit Card from American Express

  • Sign-up bonus: 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
  • Annual fee: $95
  • Earn 3 Membership Rewards points for every dollar spent at U.S. supermarkets (up to $6,000 per year)
  • Earn 2 Membership Rewards points for every dollar spent at U.S. standalone gas stations
  • Earn 1 Membership Rewards point for every dollar spent on all other purchases
  • Earn a 50% points bonus on all purchases when you reach at least 30 transactions in a billing cycle (minus any returns or account credits)

Both cards also include smart-chip technology and the ability to track your purchases on the AmEx Mobile app. That way, you’ll know when you’re getting close to the 20 or 30 transactions you’ll need to get your points bonus.

Now Liz Lemon is earning Membership Rewards, too

In an effort to appeal to a broader range of consumers, The Amex EveryDay® Credit Card from American Express and The Amex EveryDay® Preferred Credit Card from American Express give customers access Membership Rewards, their exclusive rewards program usually reserved for customers willing to pay an annual fee. These cards represent a paradigm shift in American Express’ approach to attracting smaller spenders. For the first time, the company is trying to lure them in by offering elite rewards on even small purchases, such as your dry cleaning or any time you get “hangry.”

There are a lot of benefits to Amex’s Membership Rewards program, not the least of which is that Membership Rewards points can be redeemed in a range of ways, including:

  • Booking travel directly through American Express using their Pay with Points tool
  • Transferring points to popular frequent flyer/hotel loyalty programs
  • Purchasing gift cards
  • Purchasing merchandise
  • Shopping on Amazon using Shop with Points

In general, the Nerds value a Membership Rewards point at one cent apiece. If you transfer your points to a frequent flyer program there is the possibility you could get a value of up to two cents per point, but this depends on how savvy you are at booking your travel.

Where The Amex EveryDay® Credit Card from American Express shines

The Amex EveryDay® Credit Card from American Express is an innovative product by American Express’ standards, so let’s take a look at what makes it stand out.

Probably the best thing about the card is that it recognizes the value of small, frequent spenders and rewards them accordingly. You’ll get a 20% bonus on your points if you use the card at least 20 times in one billing cycle. These days, that’s pretty easy to achieve, so you can probably count on getting that bonus every month. This means that you’re essentially earning 1.2% on all your purchases and 2.4% on your supermarket spending (up to $6,000 per year). This is a high rewards rate, and since your points will be redeemed through the Membership Rewards program, you’ll have a lot of choices in terms of how to cash them in.

Plus, the structure of the rewards program on The Amex EveryDay® Credit Card from American Express is more convenient than those offered by many of its competitors because you don’t have to worry about keeping track of rotating bonus categories. With The Amex EveryDay® Credit Card from American Express, you’re earning primo rewards on the spending you’d normally do—no need to change your repertoire of stores every quarter to be sure you’re getting the biggest bonus on your shopping.

Another cool feature of the card is that you can use the Amex Mobile app to track how many purchases you’ve made in a billing cycle. This makes it easy to see if you’re getting close to the 20 transactions you’ll need to get the 20% points bonus. There’s nothing worse than missing out on a deal, and American Express is making it easy to be sure that you’re getting the full benefit from your everyday purchases.

When The Amex EveryDay® Preferred Credit Card from American Express is a better choice

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The Amex EveryDay® Preferred 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
    • 0% on Purchases and Balance Transfers for 12 months

    Cons

    • Has annual fee

    Annual Fees

    $95

    APR

    • APR: 13.74% - 23.74% Variable APR
    • Penalty APR: Up to 29.99%, Variable
    • Cash Advance APR: 25.99%, Variable

    Bonus Offers

    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

    Intro APR

    • 0% on Purchases and Balance Transfers for 12 months
  • Additional Information
    • Earn 15,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
    • Use your Card 30 or more times on purchases in a billing period and earn 50% more points on those purchases less returns and credits. Terms and limitations apply.
    • 3x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 2x points at US gas stations; 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.
    • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.74% to 23.74%, based on your creditworthiness and other factors.
    • Terms Apply.

The Amex EveryDay® Preferred Credit Card from American Express probably caught your eye right away because it earns a higher rewards rate than The Amex EveryDay® Credit Card from American Express; you’ll get more back on gas and at U.S. supermarkets, and you’re eligible for a much higher points bonus if you make at least 30 purchases in a billing cycle. The catch with The Amex EveryDay® Preferred Credit Card from American Express is that its annual fee is $95.

However, given the extra rewards you’ll likely earn with The Amex EveryDay® Preferred Credit Card from American Express, there is a point at which paying that annual fee becomes worthwhile. Assuming you’re getting a value of 1 cent per point and that you’re getting the monthly points bonus, if you’re spending $95 or more every week at the supermarket, going with The Amex EveryDay® Preferred Credit Card from American Express is a better bet. Not only will you be earning enough points on groceries to justify the annual fee, you’ll also be eligible for a bigger points bonus, which will push up the rewards rate on all your spending.

The Amex EveryDay® Preferred Credit Card from American Express is also a good choice if you’re interested in getting your feet wet with travel hacking but don’t feel ready for a dedicated travel rewards credit card. You’ll be able to play around with redeeming your Membership Rewards points for travel, and could end up scoring big: If you get good at wringing the maximum value out of your Membership Rewards points by transferring them to frequent flyer programs, there’s the potential to get up to 9% in value on each dollar you spend at the supermarket. But even if you never reach this level of sophistication, you can still feel good about earning 1-4.5 points per dollar spent, all of which can go towards your next trip.

Nerd note: If you’re already a big traveler and don’t spend much on groceries, The Amex EveryDay® Preferred Credit Card from American Express  might not be your best bet. In this case, you’re probably better off going with a card like the Chase Sapphire Preferred® Card. With Chase Sapphire Preferred® Card, you’ll earn 2 points per dollar spent on dining and travel and 1 point per dollar spent on everything else. If you’re more likely to spend on dining and travel, you’ll probably get more value on average per dollar spent from the Chase Sapphire Preferred® Card.

Also, the Chase Sapphire Preferred® Card doesn’t charge a foreign transaction fee, so you can travel abroad with your card without having to worry about incurring extra costs. Like The Amex EveryDay® Preferred Credit Card from American Express, it does charge an annual fee: $0 for the first year, then $95.

Where The Amex EveryDay® Credit Card from American Express falls short

Although The Amex EveryDay® Credit Card from American Express card is a game-changer in a lot of ways, it’s important to assess what you’re looking for in a credit card to determine if it’s right for you.

If you spend a lot on gas: For some people, family life includes a lot of driving. If this sounds familiar, The Amex EveryDay® Credit Card from American Express probably isn’t for you. You’re better off going with a card like the Chase Freedom®.

The  Chase Freedom® provides 5% cash back in rotating bonus categories up to $1,500 per quarter and 1% cash back on all other purchases. In past years, the card has featured gas stations as a 5% bonus category for one quarter, giving you an annual average of 2% back at the pump. Even if you’re getting the transaction bonus from The Amex EveryDay® Credit Card from American Express, the Chase Freedom® bests it in rewards return at gas stations.

If you prefer simplicity: There’s a lot to be said for Amex’s Membership Rewards program, but redeeming points for gift cards or travel might not be your style. If you’re looking for a simple, flexible rewards program, the Capital One® Quicksilver® Cash Rewards Credit Card is a good option. This card offers unlimited 1.5% cash back on all purchases, all the time, and will score you a higher rewards rate than The Amex EveryDay® Credit Card from American Express on most of your spending. Plus, rewards are redeemed as cash, which is the most versatile of all rewards.

Feeling Blue? Don’t cancel your Blue Cash Everyday® Card from American Express just yet

By now you’re probably wondering what’s to become of the company’s other popular consumer card, the Blue Cash Everyday® Card from American Express.

 If you love your Blue Cash Everyday® Card from American Express, don’t worry— The Amex EveryDay® Credit Card from American Express isn’t slated to replace it. The two cards are meant to target different types of rewards hounds; the former is for those seeking cash back, whereas The Amex EveryDay® Credit Card from American Express is for people interested in a more sophisticated rewards program.

The Nerds still recommend the Blue Cash Everyday® Card from American Express for big grocery spenders—with the Blue Cash Everyday® Card from American Express, you’re earning 3% cash back at U.S. supermarkets (up to $6,000 per year — then 1%), which bests The Amex EveryDay® Credit Card from American Express’s 2.4% return. However, The Amex EveryDay® Credit Card from American Express will yield you more in rewards per dollar on purchases outside of gas and groceries.

To cover all your bases, consider getting The Amex EveryDay® Credit Card from American Express in addition to your Blue Cash Everyday® Card from American Express, then use the Blue Cash Everyday® Card from American Express on gas and groceries and The Amex EveryDay® Credit Card from American Express on everything else. Win-win!

Who should consider The Amex EveryDay® Credit Card from American Express?

There’s really nothing to complain about when it comes to The Amex EveryDay® Credit Card from American Express. With a solid rewards rate and a bonus for using the card frequently, this card has a lot to offer the everyday spender. Plus, the annual fee is $0.

The answer to whether or not you should consider The Amex EveryDay® Credit Card from American Express really boils down to how much value you feel you’ll get out of the Membership Rewards program. If you like to have a lot of rewards redemption options, as opposed to being pigeonholed into just one program, this card is a good choice. If you’re interested only in a very specific type of credit card reward, you should be sure to investigate all your options before committing to The Amex EveryDay® Credit Card from American Express.

But in either case, it’s good to know that American Express is starting to look beyond just the big spenders. We’re excited to see what they’ll be rolling out in the future!