Review: Amex EveryDay Credit Card

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This month I’ve reviewed several popular Amex cards that accrue Membership Rewards points, including the following:

Continuing this series, in this post I wanted to review The Amex EveryDay® Credit Card from American Express, which is one of Amex’s most compelling no annual fee cards. For someone who doesn’t spend that much on credit cards but still wants to earn valuable rewards, this is a pretty unbeatable card.

Let’s take a closer look at the benefits:

Amex EveryDay Card sign-up bonus

The Amex EveryDay Card has a sign-up bonus of 10,000 Membership Rewards points after spending $1,000 within three months.

That’s not a huge sign-up bonus, though then again for a no annual fee card, it’s not bad. I value Membership Rewards points at ~1.7 cents each, so to me that’s worth ~$170.

We’ve sometimes seen higher targeted sign-up bonuses on the card, and it’s likely we’ll see one again in the future. Then again, for many there’s a direct opportunity cost to not using this card in terms of the points you’re forgoing.

Amex EveryDay Card annual fee

The Amex EveryDay Card has no annual fee. You can also add authorized users to the card at no extra cost.

Amex EveryDay Card return on spend

This is where the card really shines, and it’s also why you want the card. The Amex EveryDay Card offers:

  • 2x points at US supermarkets, on the first $6,000 spent annually
  • A 20% points bonus when you make 20 or more purchases per billing cycle

In other words, assuming you make at least 20 transactions per billing cycle, you’re earning 2.4x points at supermarkets and 1.2x points on everyday spend. I value Membership Rewards points at ~1.7 cents each, so to me that’s a return of ~4.1% at US supermarkets, and a return of 2%+ on everyday spend.

The amazing thing there is that this card has no annual fee, yet offers more points per dollar spent on non-bonused purchases than The Platinum Card® from American Express and the Premier Rewards Gold Card from American Express. Keep in mind that you can pool points earned on all your Membership Rewards cards, so you can maximize the bonus categories of each card to maximize your points.

This is also only one of two no annual fee Amex cards that’s enrolled in the full Membership Rewards program, allowing you to transfer points to Amex’s airline and hotel partners (the other card is The Blue Business℠ Plus Credit Card from American Express).

Amex EveryDay Card approval odds

While The Platinum Card® from American Express and the Premier Rewards Gold Card from American Express are charge cards, the Amex EveryDay Card is a credit card. Amex typically limits most consumers to having five credit cards, so that’s the major limitation with being approved.

For those with excellent credit, I find Amex cards to be incredibly easy to be approved for. Anecdotally most people I’ve heard from have reported instant approvals on this card, so it really shouldn’t be very tough to be approved for. For those just working on building their credit or without a super long credit history, Amex is pretty good approvals, and can offer rewarding cards that will help you further establish your credit history.

Amex EveryDay Card best complement

The Amex EveryDay Card is all about the return on spend that it offers, so there are other cards that you can get that would either get you valuable perks, or otherwise let you earn more bonus points in other categories. The following are probably the most popular complements to this card:

  • The $550 annual fee Platinum Card® from American Express offers 5x points on airfare, so if you’re someone who spends a lot on airfare like I do, it’s a great way to supplement your points earning; the main reason to get this card is because of all of the great perks it offers, though, including a $200 annual airline credit, $200 annual Uber credit, access to Centurion Lounges, Delta SkyClubs, and Priority Pass lounges, and much more
  • The $195 annual fee (waived the first year) Premier Rewards Gold Card from American Express offers 2x points at US restaurants, US supermarkets, and US gas stations, so can supercharge your points earning; the card also offers a $100 annual airline fee credit that can help offset the annual fee

Amex EveryDay Card best substitute

When it comes to substitutes for this card, there are two directions you can take:

  • If you still want to earn Amex points, the $95 annual fee Amex EveryDay® Preferred Credit Card offers 3x points on the first $6,000 spent annually at US supermarkets, 2x points at US gas stations, plus a 50% points bonus when you make 30 or more purchases per billing cycle; this is essentially the premium version of the EveryDay Card, and which one makes more sense for you depends on how much you spend
  • Probably the closest substitute to this card with another points currency is the Chase Freedom Unlimited, which has no annual fee and offers 1.5x points per dollar spent, with no caps; in conjunction with a card earning Ultimate Rewards points, like the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card, you can convert those into Ultimate Rewards points

Access to Amex Offers

One of the greatest benefits of having any Amex card is getting access to Amex Offers, which can save you hundreds of dollars per year. Through these offers you can receive discounts or sometimes earn bonus points with certain retailers. I take advantage of this all the time on all of my Amex cards, though the ideal situation is to have no annual fee cards, since there’s no cost to holding onto them and they still give you access to Amex Offers.

Bottom line

For someone who wants a no annual fee card that offers generous rewards, the Amex EveryDay Card is one of the most lucrative in the market. The card earns Membership Rewards points that can be transferred to airline and hotel partners, and is one of only two no annual fee cards accruing these types of Membership Rewards points.

Even better is that the card earns up to 1.2x Membership Rewards points per dollar spent, which is better than many of Amex’s cards with high annual fees.

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Comments

  1. This was a good card but with the business blue this card lost its value. Prob gonna drop it before the annual fee comes up. Don’t understand why you would use this card unless you spend a crazy amount on groceries and gas.

  2. @Eric Amex has a 4 (5?) credit card limit. The BBP earns flat 2x everywhere, so the ED is only worth +0.4x at groceries. Maybe not worth it.

  3. @ Marsh @Lrdx the transfer ability as a no fee card is a major plus. No other banks have that for their currencies.

  4. @Marsh I think you’re confused with the EveryDay Preferred. Including the 50% bonus for using 30x/month, it gets you +2.1 pts for grocery stores compared to the best alternatives of 2.4 pts with the no-fee version. This only requires ~$3150 of grocery store spending to make up the af at 1.4 cents per mr. That’s not much for most families. Obviously the exact math depends on your personal value of points.

    @Everyone. Business cards are not an alternative to personal cards. If you don’t have a bona fide business, you risk getting your points confiscated for violating terms. If you do, and you commingle business and personal spending you’re asking for trouble with the IRS.

  5. The only reason I have and use this card is because I can’t (yet) get a Chase Freedom Unlimited card due to 5/24. 1.5 points with no annual fee and no minimum purchase requirement beats 1.2 points with 20 purchases required (Everyday), or 1.5 points with 30 purchases required plus an annual fee (Everyday Preferred). And I find UR points more useful than MR points.

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