Amex EveryDay Preferred Credit Card Review 2024
09.02.2024 - 18:30
/ insider.com
/ Credit Card
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The information for the following product(s) has been collected independently by Business Insider: Amex EveryDay® Preferred Credit Card, Amex EveryDay® Credit Card. The details for these products have not been reviewed or provided by the issuer.
The Amex EveryDay® Preferred Credit Card is worth considering if you want to earn valuable Amex Membership Rewards points — especially if you spend a lot on groceries, gas, or travel — without incurring a high annual fee. But you'll need to use the card at least 30 times a month to make it worthwhile.
Earn 1-3 points per dollar on purchases, plus a 50% bonus for making at least 30 transactions in a billing cycle
$95
0% intro APR on purchases and balance transfers (made in the first 60 days) for 12 months from the date of account opening
15.99% - 25.99% Variable
Earn 15,000 points
Excellent
The Amex EveryDay® Preferred Credit Card is worth considering if you want to earn valuable Amex Membership Rewards points — especially if you spend a lot on groceries, gas, or travel — without incurring a high annual fee. But you'll need to use the card at least 30 times a month to make it worthwhile.
If you're looking to earn flexible points you can use for travel, American Express issues some of the best credit cards. There are several cards that earn Amex Membership Rewards points, but most charge high annual fees of $150 or more.
The Amex EveryDay® Preferred Credit Card clocks in at a more modest price point, with an annual fee of $95. That's in line with other top travel rewards credit cards like the Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card, although that's where the similarities end.
The welcome bonus offer on the Amex EveryDay® Preferred Credit Card is a lot lower than what you'd expect from a card of its caliber. New cardholders can earn 15,000 points after you spend $2,000 on purchases in the first six months of account opening. That's worth around $270 in travel, based on Insider's points and miles valuations.
Cardholders earn 3x points at US supermarkets (on up to $6,000 per year in spending, then 1x), 2x points at US gas stations and on eligible travel purchases made at Amex Travel, and 1 point per dollar on everything else.
The Amex EveryDay® Preferred Credit Card also offers good benefits, including a 0% intro APR on purchases and balance transfers (made in the first 60 days) for 12 months from the date of account opening (then a 15.99% - 25.99% Variable APR), car rental