| Last updated on February 9th, 2024
Amex EveryDay® Preferred Credit Card
Amex EveryDay® Preferred Credit Card
Amex EveryDay® Preferred Credit Card
- 18.24% to 28.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 18.24% to 28.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
- 0% for 12 months from account opening date Intro Purchase APR
At a Glance
The Amex EveryDay® Preferred Credit Card touts 3X points at U.S .supermarkets on up to $6,000 per year in purchases, 2X points at U.S. gas stations and 1X points on other eligible purchases. Plus, when you make 30 or more purchases with your card in a billing period, you’ll earn 50% more points on those purchases (minus returns and credits).
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- 3X points per $1 at supermarkets (up to $6,000)
- 2X points per $1 at gas stations
- 1X points per $1 on other eligible purchases
- Earn 50% more points when you make 30+ purchases with your Card in a billing period
- 0% APR on purchases and balance transfers for 12 months
- Intro Purchase APR: 0% for 12 months from account opening date
- Regular Purchase APR: 18.24% to 28.24% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 12 months from account opening date
- Balance Transfer APR: 18.24% to 28.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Penalty APR: 29.99% variable based on the Prime Rate
- Annual Fee: $95
- Foreign Transaction Fee: 2.7% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $40
- Return Payment Penalty Fee: Up to $40
- You want 3X points at U.S. supermarkets on up to $6,000 per year in purchases, 2X points at U.S. gas stations and 1X points on all other purchases
- You will spend $1,000 within the first three months of the account opening in order to earn 15,000 Membership Rewards® points welcome offer
- You're likely to make 30 or more purchases with your card in a billing period to earn a massive 50% extra points on those purchases
In-Depth Review: Amex EveryDay® Preferred Credit Card
If you regularly spend a lot on gasoline and groceries, the Amex EveryDay® Preferred Credit Card is a reliable rewards card to consider despite its $95 annual fee.
Who Can Benefit from the EveryDay Preferred Card?
The Amex EveryDay® Preferred Credit Card offers a range of benefits and features that make it an attractive option for many consumers. Whether you’re looking to earn rewards, redeem them for travel or other expenses, or want a card with low fees and competitive APRs, this card has you covered.
Eligibility
American Express credit cards are geared toward applicants with a strong credit history. Applicants need a good or excellent credit score to apply for the card.
Pre-Qualify
The EveryDay Preferred is one American Express credit card that lets you pre-qualify before applying. Amex requires basic account information, such as the last four digits of your Social Security Number, to see if you are suited for the card with no danger of a credit ding unless you decide to apply.
How to Earn Rewards
Welcome Offer
The EveryDay Preferred Card comes with a welcome offer slightly elevated from what you can expect with the EveryDay Credit Card. New EveryDay Preferred Card accounts earn a bonus of 15,000 Membership Rewards® points after spending $1,000 on purchases within the first three months of the account opening. That bonus offer is 5,000 points more than the no annual fee EveryDay Card.
Earn Up to 3X
Amex EveryDay® Preferred cardmembers earn the following rewards points on eligible card purchases:
- Earn 3X points at U.S. supermarkets on up to $6,000 per year in purchases
- 2X points at U.S. gas stations
- 1X points on all other purchases
Earn 50% More Rewards
Making 30 or more purchases with your Amex EveryDay® Preferred Credit Card in a billing period earns you 50% extra points on those purchases (minus returns and credits).
How to Redeem Rewards
The Amex EveryDay® Preferred card’s impressive points collection allows members to use their accumulated rewards diversely. Cardholders can transfer points to frequent traveler programs, such as Delta SkyMiles®, pay for their travel when they book their trip at American Express Travel, use points for rewards from over 500 leading brands in gift cards, entertainment, merchandise, or more, or even use their points towards eligible card purchases.
American Express Transfer Partners
| AeroMexico (Club Premier) | Avianca (LifeMiles) | Emirates (Skywards) |
| Air Canada (Aeroplan) | British Airways (Executive Club) | Etihad (Guest) |
| Aer Lingus (AerClub) | Cathay Pacific (Asia Miles) | Air France/KLM (Flying Blue) |
| All Nippon Airways (ANA Miles) | Delta Air Lines (SkyMiles) | Hawaiian Airlines (HawaiianMiles) |
| Iberia Plus | Choice Privileges | Hilton Honors |
| Marriott Bonvoy | JetBlue (TrueBlue) | Marriott Bonvoy |
| Marriott Bonvoy | Virgin Atlantic (Flying Club) |
Intro APR Benefit
New accounts with the Amex EveryDay Preferred credit card also enjoy 0% introductory APR on balance transfers for the first 12 months from account opening. After that, expect a competitive APR based on your creditworthiness and the Prime Rate.
American Express Benefits
As with other available American Express cards, the Amex EveryDay® Preferred card gives members extensive protections. The protective features include Purchase Protection for the theft or accidental damage on any eligible card purchases and an additional two years of warranty coverage for select items that offer manufacturer warranties of 5 years in length or less. The card also provides fraud protection, meaning cardholders are not held financially liable for any unexpected transactions that may occur.
Amex EveryDay® Preferred cardholders can also take advantage of complimentary membership with ShopRunner, which provides free 2-day shipping on all eligible orders from over 100 online vendors.
Comparison
| EveryDay Credit Card | EveryDay Preferred | |
|---|---|---|
| Rewards rate | Earn 2X points per $1 at supermarkets (up to $6,000) and 1X on all other purchases | Earn 3X points per $1 at supermarkets (up to $6,000) and 1X on all other purchases |
| Best perk | Earn 20% extra points when you make 20+ purchases in a billing period | Earn 50% more points when you make 30+ purchases with your Card in a billing period |
| Annual fee | No annual fee | $95 annual fee |
What We Like About the Card
50% More Value
By making 30 transactions or more in a billing cycle, cardholders can earn 50% extra points on those purchases, allowing for increased point accumulation on everyday spending.
Membership Rewards
The card earns rewards in the American Express Membership Rewards program. The Membership Rewards earned with the card can be redeemed for travel, merchandise, gift cards, statement credits, or transferred to airline or hotel partners, providing flexibility in how you can use your rewards.
Things to Consider
Annual Fee
The $95 annual fee with the Amex EveryDay Preferred Card is steep. The card offers little additional value versus the no annual fee Amex EveryDay credit card, beyond a slightly higher earning rate and the chance to earn 50% more points after using the card for 30+ purchases each month. Unless you are a credit card rewards master, the juice isn’t worth the squeeze.
American Express Ratings
How does American Express rate as a bank and issuer? Here is a selection of ratings for the bank from consumers and experts:
| BestCards | Better Business Bureau | TrustPilot |
|
3.5/5 |
2/5 |
1.5/5 |
Should You Apply for the Amex EveryDay® Preferred Credit Card?
If you’re on the fence about the Amex EveryDay Preferred Credit Card, it’s a good idea to weigh the benefits this card affords you against the annual fee and interest rates to decide if it fits your financial needs.
American Express also offers the Amex EveryDay Credit Card, which is essentially a simpler version of this card without an annual fee, meaning you may find better value in a card that doesn’t have a yearly subscription fee of nearly $100. If you know you will use the EveryDay Preferred card frequently at supermarkets and gas stations, it may be worth spending some extra cash to get the additional rewards-earning power. Also consider the Citi Premier® Card for an everyday credit card with a modest annual fee.
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