Hello Friends, I hope all is well with you! Today, I am going to be reviewing the Amex EveryDay Credit Card. These opinions are my own, and I am in no way influenced by anyone.
Overall Verdict: The Amex EveryDay rewards credit card is a decent card. There are two main spending categories that you can earn rewards on; however, one of the spending categories has a a spending limit. Additionally, there are a couple of ways to earn bonus points, but one of the ways involves you using your Amex card a certain number of times before the billing period ends. Furthermore, you also get the usual benefits that Amex offers.
Some things about this card I like:
Some things about the card that I don’t like:
The Amex EveryDay rewards credit card offers you the opportunity to earn membership points for every dollar that you spend. These membership points accumulate in your account until you are ready to use them. One of the downsides to this rewards credit card is that you are only able to redeem your points as a statement credit, but it can only be redeemed once your rewards amount is greater than $25. Amex indicated that they may offer you different ways to redeem your cash back; you may be able to redeem your rewards for gift cards or merchandise, but that decision is up to them and should not be counted upon. It is also important to note that you can’t use cash back to pay for the minimum due amount on your bill.
The Amex EveryDay rewards credit card has no annual fee.
This Amex rewards credit card offers you the chance to earn 2x points at U.S supermarkets on up to $6,000 in purchases per year; you will then earn 1x points on this category after you reach the cap. All other purchases will earn you 1x points for every dollar that you spend. Amex does give you a couple of opportunities to earn bonus points. The first way would be to use your card 20 or more times on purchases before the billing period ends. Once the target is reached, you will earn an extra 20% more points on the purchases you made. The second way to get extra points would be to book all travel through Amex’s travel website. All travel bookings made through their website will earn you 2x membership points. I will be honest with you; I’m not a big fan on how the rewards are set up; there are other cards out there that can offer you a higher rewards amount for no annual fee.
The Amex EveryDay rewards card has a sign-up bonus of 10,000 membership points when you make at least $1,000 in purchases in the first three months of your account opening. That’s a 10% return on the money that you would have spent anyway.
There is a 2.7% foreign transaction fee on the amount of each purchase in U.S dollars. This is something that I don’t like considering that there are other no annual fee rewards cards that don’t have this fee. If buy products in foreign currency or you don’t travel abroad, then you don’t have to weigh too heavily on this.
The Amex Everyday rewards card offers extra benefits like:
For more information on their benefits, check out their benefits page.
This card offers you a 0% introductory APR for 15 months from the date of the account opening. After the introductory APR ends, you can expect your APR to be between 12.99% and 23.99%; it depends on your credit score.
Their other fees include:
For more information on their fees, check out their fee schedule.
There are a couple of ways you can contact Amex’s customer service. The first and most common way would be to call the number on the back of the card. The second way to contact them would be through their online chat system; you would initiate this chat by logging into your account and clicking on the “Chat” icon. Your experience with their customer service may vary from time to time and from issue to issue.
Who it’s perfect for:
Who it isn’t perfect for:
If you are still unsure if a rewards credit card makes sense, check out my post on Why You Should Use Rewards Credit Cards.
Additionally, if this card isn’t right for you, I invite you to check out my credit cards page for more information on other cards.