Full Review: Amex EveryDay® Credit Card

The Amex EveryDay® Credit Card stands out as a versatile choice for frequent grocery shoppers who prefer earning valuable Membership Rewards points over straightforward cash back. With no annual fee and a range of reward opportunities, it’s tailored for those looking to enhance their credit card benefits without additional costs.

CreditFinder’s Rating: 4/5

Overview

The Amex EveryDay® Credit Card offers an attractive rewards program, especially for those who frequent supermarkets. The card’s most notable feature is its ability to earn 20% extra points when you make 20 or more purchases within a billing cycle, enhancing its value for regular shoppers.

Pros and Cons

Pros:

• No annual fee.
• Earn 20% extra points for making 20 or more transactions in a billing period.
• Diverse options for redeeming points, especially through travel partners.

Cons:

• $6,000 annual cap on 2X points at U.S. supermarkets, after which the rate drops to 1X.
• Points are less valuable when redeemed outside of travel rewards.
• A 2.7% foreign transaction fee applies, making it less ideal for international use.

Key Features

• Rewards Rate: Earn 2X points at U.S. supermarkets on up to $6,000 per year in purchases (then 1X), and 2X points on prepaid rental cars booked through American Express Travel. All other purchases earn 1X points.
• Welcome Offer: Earn 10,000 Membership Rewards points after you spend $1,000 in purchases on your new Card in your first 3 months of Card Membership.
• Intro APR: 0% on purchases and balance transfers for 15 months, then a variable rate of 18.24% to 28.24%.

Earning Rewards

The Amex EveryDay® Credit Card simplifies earning rewards with 2X points at U.S. supermarkets and on prepaid rental cars through Amex Travel, making it a strong candidate for daily spending. Remember, the 2X rate applies only to the first $6,000 spent annually at supermarkets.

Redeeming Rewards

While you can redeem your points for a variety of options such as statement credits, gift cards, and shopping, they hold the most value when booked for travel or transferred to one of American Express’s many travel partners. This flexibility allows cardholders to maximize the potential of their points.

Other Cardholder Perks

The Amex EveryDay® includes standard benefits such as a complimentary ShopRunner membership, which offers free 2-day shipping from participating retailers, and access to Amex Offers, which provides discounts or additional points on selected purchases.

Comparison with Other Cards

Compared to other no-annual-fee cards like the Bank of America® Customized Cash Rewards credit card, the Amex EveryDay® might fall short for those who spend heavily across various categories due to its cap on supermarket rewards. However, its bonus for frequent transactions and the value of Membership Rewards points can outweigh these limitations for the right user.

Is the Amex EveryDay® Worth It?

For those new to American Express or seeking a no-cost way to accumulate travel rewards, the Amex EveryDay® Card is a compelling option. Its unique bonus structure rewards regular use, making it particularly suitable for everyday shoppers. However, those looking for higher rewards potential without category restrictions might consider its upgraded counterpart, the Amex EveryDay® Preferred Credit Card, or other cards that offer higher or unlimited rewards in broader categories.