Review: Amex EveryDay Preferred Credit Card

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I’ve written about The Amex EveryDay® Preferred Credit Card from American Express in a broader context several times, though in this post I wanted to talk specifically about this card, since I think it’s one of the best cards out there for the average American consumer looking to earn points. I’m always surprised by how many readers don’t have this card.

Here’s what you need to know about this card:

Amex EveryDay Preferred Card annual fee

The card has a $95 annual fee, which isn’t waived the first year.

Amex EveryDay Preferred Card sign-up bonus

This card isn’t known for having an especially big sign-up bonus, but rather it’s a card you get because of the return it offers on everyday spend. The card offers a sign-up bonus of 15,000 Membership Rewards points after making $1,000 in purchases within the first three months.

The sign-up bonus is valid “once in a lifetime,” meaning you’re not eligible for the bonus if you’ve had the card before. However, you are eligible if you’ve had any other card, including The Amex EveryDay® Credit Card from American Express, which is the no annual fee version of this card.

Amex EveryDay Preferred Card return on spend

This is where the card really shines. The Amex EveryDay Preferred Card offers:

  • 3x points at U.S. supermarkets, on up to $6,000 of purchases per year
  • 2x points at U.S. gas stations
  • A 50% points bonus when you use your card 30 or more times per billing period, less returns and credits

That 50% bonus applies even to the bonus categories. Assuming you make at least 30 transactions per billing cycle, that means you’re earning:

  • 4.5x points at U.S. supermarkets, on up to $6,000 of purchases per year
  • 3x points at U.S. gas stations
  • 1.5x points on non-bonused spend

So in practice this is the card I use for supermarket purchases (for what it’s worth, in my experience most liquor stores are also coded as grocery stores), gas stations, and largely for non-bonused spend.

For example, I pay my federal income taxes by credit card, and frequently use my Amex EveryDay Preferred Card to do so. You can pay taxes by credit card for a convenience fee of 1.87%, which is a way to pick up Membership Rewards points for ~1.25 cents each. That’s an exceptional value, in my opinion.

Personally I value Amex points at ~1.7 cents each, meaning that earning 1.5 Membership Rewards points per dollar spent is the equivalent of a ~2.55% return.

Is it worth paying the Amex EveryDay Preferred Card annual fee?

There’s a no annual fee version of this card — the Amex EveryDay Card. Understandably a lot of people prefer no annual fee cards whenever possible, so how does this card stack up? It offers 2x points at U.S. supermarkets, on up to $6,000 of purchases per year, plus a 20% bonus when making at least 20 purchases per billing cycle. When factoring in the 20% bonus, you’re earning:

  • 2.4x points at U.S. supermarkets, on up to $6,000 of purchases per year
  • 1.2x points on non-bonused spend

So, who should be paying the $95 annual fee rather than going for the no annual fee version? To do some basic breakeven analysis based on a valuation of 1.7 cents per Membership Rewards point, you’ll breakeven of your $95 annual fee after any of the following:

  • ~$2,660 of grocery spend
  • ~$3,104 of gas station spend
  • ~$18,627 of everyday spend

So if you spend a decent amount on gas or groceries, you’ll generally come out ahead on the Amex EveryDay Preferred Card.

Bottom line

Along with the 5x points on airfare offered with The Platinum Card® from American Express, the Amex EveryDay Preferred Card is the card that helps me earn the most Membership Rewards points. Not only does the card have huge bonus categories, but the 1.5x points on everyday spend is valuable as well.

Anyone else love the Amex EveryDay Preferred Card as much as I do?

About lucky

Ben Schlappig (aka Lucky) is a travel consultant, blogger, and avid points collector. He travels about 400,000 miles a year, primarily using miles and points to fund his first class experiences. He chronicles his adventures, along with industry news, here at One Mile At A Time.

More articles by lucky »

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Comments

  1. It’s been my experience unfortunately thst most liquor stores here in MD are not coded as grocery stores unfortunately. I tend to max my grocery store spend our pretty early in the year. Do you have a second go to card for grocery purchases?

    Fdw

  2. I find that I have a hard time getting to 30 transactions per month. Since I use my CSR card for transportation and dining to get the better bonuses I have fewer transactions for this card. I pretty much use it for groceries and gas and if they have special Amex bonuses I use it there too. Like they had an Amazon special bonus for a while.

  3. I’m usually able to but just. For me since the grocery store is kinda on the way home I try to pop by every couple days and buy a little something that I’ll actually use.

  4. Agree with Lucky, Amex EDP is highly underrated. I got it when it first came out and it is one of my go to cards.

    Flyingdoctorwu, Chase Freedom also comes in handy with grocery stores being a 5x category during one of the quarters. I have 2 of those cards. If you don’t max it out within a quarter you can always buy a gc from your grocery store and use it whenever during the year. Between the Freedom and EDP I have my grocery spend covered.

  5. This is probably one of the best cards out there. It’s AF pays it self off with Amex offers of cash back or points offers. I always hit the 30 transactions by just throwing my morning coffee on it. I max out the grocery in 8-9 months and substitute with the freedom when it’s a grocery quarter.
    Average about 7k a year on gas between my wife and I. So for as little 13k in spending we earn nearly 50k MR points. Really easy card to earn on. Chase really sucks about offering grocery and gas. The only personal chase card that I know of that has any kind of grocery or gas category is the freedom and its only for a quarter. All their cards it’s restaurants and travel which is personally pretty shitty if you ask me.

  6. Raksiam, when I am short on transactions I buy $1 Amazon e-gcs (the number I need to get to 30) and load them back onto my Amazon account.

  7. I picked up this card last month and have been using it along with the Blue for Business card. I had a 20K MR bonus for the $1K in spending so watch for that in signing up. I think it will be a good card to use ongoing.

  8. FYI – I posted this on Ask Lucky yesterday, but ICYMI, I got a 30k signup bonus for this card when I used an incognito browser page.

  9. Hi Ben –

    So I have the us bank flexperks travel card which has the same bonus categories. I use it for most non bonus spend and for groceries or gas each month. Curious why this card gets no love especially as I always hear about diversifying. I get 12 free gogo passes at least 2 free airlines tickets a year and a 25 dollar credit on those flights which I use for alcohol if u don’t get bumped to first. Overall I think it’s an awesome card especially given the 49 dollar annual fee. What are your thoughts in this card?

    Shawn

  10. This is the card I use most. My fiancé is a secondary card holder and we easily get 30 charges on here. Everything else travel or restaurant goes on CSR and airline purchases on Amex Plat.

  11. Would anyone have advice on how to decide between this card (AMEX EveryDay Preferred) and the AMEX Blue Cash Preferred?

  12. Would 30 x $0.50 loads on Amazon take care of the monthly transaction requirement, or are they picky about such things?

  13. @WR I think that would be pushing it. And absolutely don’t do that before you meet you minimum spend for the sign up bonus. AMEX has announced they are cracking down on accounts where the min spnd is met by MS.

    Do you not do any grocery spend at all? Or ever buy gasoline? As GL posted, I drive by my two go to grocery stores nearly daily, (luckily located in the same parking lot), and buy something I need, or am going to need, pretty much daily until I hit 30 uses. And if you are doing small non-bonused spend, say $2 at Home Depot, or $3 at Target, stick it on there as well. Unless you are a recluse, you’ll find it easy to hit 30 charges way before the end of your billing period.

    Between an annual $6,000 on EDP, $1,500 for a quarter on Freedom, and then all of the rest of my grocery spend on AMEX Surpass at 6 pts per $, the miles and points really add it quickly. 😉

  14. @Robert Hanson
    It’s not about the min spend, as I do very little MS, and definitely not for an AMEX min spend requirement. It’s not that I don’t buy gas or groceries, but that I just don’t want to have to track whether I had 30 transactions or not, and I don’t want to have to change my gas/groceries buying pattern just to meet that threshold. So I’d rather just do 30 automatic small transactions and then also use the card when the category spend makes sense. I’m usually working towards a signup bonus at any given time, so it’s rare that I will want to put significant ongoing regular spend on any particular card unless it’s going towards a signup bonus or at least has a very high category bonus.

    I’ll look around for DPs about whether there is any problem with doing the Amazon reloads, and if it looks feasible then this might be a good option…especially considering my current grocery card, the Sallie Mae, is going away soon.

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