Try Your Hand at the World of Membership Rewards: Amex EveryDay Card Review
Update: Some of the offers mentioned below are no longer available. See Current offers here.
The Amex EveryDay® Credit Card from American Express is a solid card for those new to travel and can’t quite justify an annual fee. It’s a solid choice for anyone looking for a 0% introductory APR on new purchases and balance transfers for the first 15 months of account opening (after which a variable APR of 12.99% to 23.99%) applies. While the earning rate and other perks aren’t anything to write home about, it still offers full access to the popular Membership Rewards program. Card Rating*: ⭐⭐⭐
*Card ratings are based on the opinions of TPG editors and are not influenced by card issuers.
I remember the thrill of receiving it. my first travel credit cardEarn welcome bonus and use it to book My first award flight redeemed. Growing up in a family that didn’t believe in credit cards, it was my first time seeing firsthand how the right card could help me see and do things my budget couldn’t handle. It also happened to introduce me to the industry that would one day lead me to this amazing TPG team.
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Starter Travel Rewards Card Like the Amex EveryDay® Credit Card, while not as lucrative as big-name cards like The Platinum Card® from American Express or the Chase Sapphire Reserve, it has the power to show off beginner what they could do with some strategic card spending. With that in mind, let’s take a look at Amex’s introductory card for Membership Rewards Program.
The information about the Amex EveryDay card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Who is this card for?
This no annual fee card built for beginners to the points and miles game, especially those looking to earn rewards on travel and supermarket spending. It provides a good introduction to Membership Rewards ProgramBut frequent travelers or those looking to maximize rewards in other spending categories will find more value elsewhere.
Amex EveryDay now comes with a 0% Interest Introductory Offer for new purchases within the first 15 months of account opening. After that, a variable APR of 12.99% to 23.99% applies, so this is a solid card for anyone looking to finance larger purchases with a card that offers long-term value.
Young Professional or even college student Those with a little credit history can easily take advantage of this card. Use it as a starter card to experiment with points and miles, then you can add higher-tier Amex cards to your wallet to transfer rewards into the same Membership Rewards account.
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Related: The Best American Express Cards of 2021
Modest Welcome Offer; Great Introductory APR Offer
Right now, you’ll earn 10,000 bonus points after making $1,000 in purchases within the first three months. TPG Valuation$200 bonus, equivalent to similar amounts no annual fee card. This is a modest but attainable incentive that can give you a good start when earning with your card.
Remember that American Express has a once-per-card-per-lifetime welcome bonus limits. Specifically, you can only earn the bonus if you have never owned the card before. That means you want to make sure you get the bonus the first time because you won’t be able to get it in the future.
You’ll also get a pretty awesome 0% introductory APR. For new purchases, you’ll get a 0% introductory APR for 15 months from account opening (the APR changes from 12.99% to 23.99% after the introductory period ends).
Balance transfer fees typically range from 3% to 5%. They can add up to hundreds of dollars depending on how much debt you’re consolidating, so you can save even more money by taking advantage of this offer. Just remember that you’ll need to budget for it. pay off your balance You must pay in full before the introductory APR period ends, or you will pay interest.
Main benefits and rights
this is a starter credit card. So, it doesn’t have many perks to offer. However, there are two main benefits that make this card stand out from its competitors.
unlike most no annual fee card Earn points or miles, you have full access to Membership Rewards Program and all the value that comes with it. For cards like the Chase Freedom Unlimited or the Citi Rewards+® Card, you have to pair them with other cards within their respective ranges. The final reward or ThankYou Reward program to take advantage of transfer partners.
The Amex EveryDay card earns the same membership rewards as the Amex Platinum card. While you may not get the same attractive rewards structure with this card, you’re earning some of the most valuable rewards points available.
Related: The Complete Guide to Amex Membership Rewards
As with all Amex Membership Rewards cards, you’ll enjoy access to ShopRunner’s free two-day shipping on eligible orders, a Global Support Hotline, and Car rental loss and damage insurance. Registration is required to enjoy certain benefits.
How to earn points
You will earn 2 points per dollar on travel booked through Amex Travel and on the first $6,000 you spend at US Supermarket per year (then 1 point per dollar) and 1 point per dollar on everything else. It’s not a rewards structure worth writing about, but if you just max out the supermarket rewards category, that’s $240 in rewards value over the course of the year.
What’s unique about the Amex EveryDay and its sister card, the Amex EveryDay® Preferred Credit Card from American Express, is that they both offer rewards when you use your card a certain amount throughout the month. For the Amex Everyday, you’ll get a 20% bonus on all spending when you make 20 or more purchases in a month. Assuming you hit that threshold each month, you’ll earn 2.4x Amex Travel and supermarket spending (4.8% return) and 1.2x (2.4% return) daily expenses.
The information about the Amex EveryDay Preferred card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Related: Best Grocery Shopping Credit Cards of 2021
How to redeem points
With Membership Rewards, you can get more value from each point.
While you can use your points as Cashback, Amazon Shopping, Gift Cards and MoreUltimately you will get the best value when you in exchange for a tripSpecifically, you can maximize your points when using Amex Hotel and Airline Transport Partners. Through Amex, you get access to at least one airline from each major airline alliance — Sky Group, Star Alliance And A world — along with many hotel loyalty programs.
Is the Amex EveryDay Preferred Card a better choice?
The Amex EveryDay card has an older sibling — the Amex EveryDay Preferred. In exchange for a $95 annual fee, you get a higher welcome bonus of 15,000 points after spending $1,000 in the first three months. You also get expanded rewards categories and a 50% earning bonus when you make at least 30 transactions in a month.
So which one is right for you?
If you know you’ll spend around $16,000 or more on the card in a year (and plan to hit the 30-transaction threshold per month), the Amex EveryDay Preferred is worth the annual fee. Considering the difference in the base rewards rate (3 points per dollar assuming you earn a monthly bonus), you’d need to spend $15,833.33 per year (about $1,320 per month) to make the Amex EveryDay Preferred more valuable—and that’s even if you never use the card for a single bonus category spend. When you add in any spending that earns you bonus rewards, that number drops significantly.
People on a budget who know they won’t spend enough to cover the cost of the annual fee should go with the Amex EveryDay. However, if you plan to use this card as your primary spending card, the $95 annual fee for the Preferred card is worth it.
Last line
Overall, this isn’t a bad travel card for beginners in the points world because you’re earning value. Membership Rewards on eligible travel and supermarket purchases without paying an annual fee. While there are other starting cards out there with higher earning rates, the rewards you earn will not be worth it until you put those cards together with a higher level card later.
If you’re looking to get started with travel rewards, you can’t miss this Amex Membership Rewards card and this is the perfect intro to that show.
