Hello Friends, I hope all is well with you! I am going to be reviewing the Amex EveryDay Preferred rewards credit card. These opinions are my own, and I am in no way influenced by anyone.
Overall Verdict: The Amex EveryDay Preferred rewards credit card is similar to it’s no annual fee sibling, the Amex EveryDay Credit Card. This rewards card offers you the opportunity to earn a good amount of points on certain categories, but there is a spending cap on one of the categories. This credit card does offer good benefits and some extra ways to earn bonus points, which I like. Another plus is the sign-up bonus that they have.
Some things about this card that I like:
Some things about the card that I don’t like:
The Amex EveryDay Preferred rewards credit card offers you the opportunity to earn membership points for every dollar that you spend. After the end of the billing cycle, Amex takes the net purchase amount (purchases minus returns) and applies the reward amount to those purchases. Your membership points accumulate in your account until you are ready to redeem them. This specific Amex card offers many more ways to redeem your rewards than other Amex cards. You are not only able to apply your rewards as a statement credit, but you are also able to redeem your rewards for gift cards, merchandise, and entertainment. You are also able to use your points to pay for certain purchases directly. Furthermore, you are also able to transfer your membership points to their partner’s frequent traveler programs. This rewards credit card has so many ways to redeem rewards.
This rewards card has an annual fee of $95.
The Amex EveryDay Preferred rewards credit card offers you the chance to earn 3x points for every dollar that you spend at U.S supermarkets; however, you only get 3x points on up to $6,000 in purchases. After the $6,000 limit is reached, you will only earn 1x point for every dollar that you spend at the supermarkets. You will then earn 2x points on every dollar that you spend at U.S gas stations. All other purchases will earn you 1x points for every dollar that you spend. Amex does give you a couple opportunities to earn bonus points. The first way would be to use your card 30 or more times on purchases before the billing period ends. Once the target is reached, you will earn an extra 50% 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
This Amex rewards credit card has a sign-up bonus of 15,000 membership points when you spend $1,000 or more in purchases in the first three months of the account opening. That’s a 15% return on the money that you would have spent anyway.
The Amex EveryDay Preferred rewards credit card has a 2.7% foreign transaction fee on the amount of each purchase in U.S dollars. If you don’t travel abroad or buy products in a foreign currency, then I wouldn’t worry about this fee too much. If you do travel abroad or buy products in a foreign currency and need a no foreign transaction fee card, there are rewards cards that don’t have this fee.
The Amex EveryDay Preferred rewards credit card offers extra benefits like:
For more information and details on their benefits, check out their benefits page.
The Amex EveryDay Preferred rewards credit 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 an APR between 12.99% and 22.99%; 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 their 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. It’s important to note that your experience with their customer service may vary from time to time and from issue to issue depending on the agent that you get.
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.