The Amex EveryDay® Preferred Credit Card is a mid-tier rewards credit card that offers an impressive 3x points at U.S. supermarkets (on up to $6,000 per year in purchases), 2x points at U.S. gas stations, and 1x points on all other eligible purchases. It also provides a 50% bonus on all points earned after making 30 or more purchases in a billing cycle. With an annual fee of $95, this card is an excellent choice for those who frequently shop at supermarkets, gas stations, and make regular everyday purchases.
Rewards Earning Potential
The Amex EveryDay® Preferred Credit Card offers a solid rewards structure, especially for those who spend a significant portion of their budget on groceries and gas. Here’s a breakdown of the earning potential:
- 3x points at U.S. supermarkets (on up to $6,000 per year in purchases, then 1x)
- 2x points at U.S. gas stations
- 2x points on eligible travel purchases booked through AmexTravel.com
- 1x points on all other eligible purchases
However, the true value of this card lies in its 50% bonus on all points earned after making 30 or more purchases in a billing cycle. This means that if you make 30 or more transactions in a month, you’ll effectively earn:
- 4.5x points at U.S. supermarkets (on up to $6,000 per year in purchases, then 1.5x)
- 3x points at U.S. gas stations
- 3x points on eligible travel purchases booked through AmexTravel.com
- 1.5x points on all other eligible purchases
This bonus feature significantly increases the rewards earning potential, making the Amex EveryDay® Preferred Credit Card one of the most rewarding cards for everyday spending.
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Welcome Bonus and Other Benefits
In addition to the impressive rewards structure, the Amex EveryDay® Preferred Credit Card offers a welcome bonus of 15,000 Membership Rewards® points after you make $2,000 in purchases in your first 6 months. This bonus is worth around $150 when redeemed for travel through AmexTravel.com or transferred to airline and hotel partners.
Other notable benefits of the Amex EveryDay® Preferred Credit Card include:
- 0% intro APR on purchases and balance transfers for 12 months (then a variable APR of 18.24% to 28.24% applies)
- Extended warranty protection
- Purchase protection
- Return protection
- Car rental loss and damage insurance
- Global Assist Hotline for emergency assistance while traveling
Redeeming Membership Rewards® Points
One of the most valuable aspects of the Amex EveryDay® Preferred Credit Card is the ability to redeem Membership Rewards® points through various partners and travel providers. While the redemption value may vary, here are some of the best ways to redeem your points:
- Transfer points to airline and hotel partners (1:1 ratio)
- Book travel through AmexTravel.com
- Redeem for gift cards
- Cover eligible charges on your statement
- Shop with points at select retailers (Amazon, Best Buy, etc.)
Transferring points to airline and hotel partners often provides the highest value, with redemption rates reaching upwards of 2 cents per point or more. However, booking travel directly through AmexTravel.com or redeeming for gift cards can also offer decent value, typically around 1 cent per point.
READ ALSO: A Comprehensive Guide to Amex Platinum and Business Platinum Lounge Access
Conclusion
The Amex EveryDay® Preferred Credit Card is an excellent choice for those who prioritize earning rewards on everyday purchases, particularly at U.S. supermarkets and gas stations. With its impressive 3x points earning rate (4.5x with the 50% bonus) at U.S. supermarkets, 2x points (3x with the bonus) at U.S. gas stations, and the ability to transfer points to airline and hotel partners, this card offers tremendous value for its $95 annual fee.
However, it’s essential to consider your spending habits and travel preferences when deciding whether this card is the right fit for you. If you frequently travel abroad or prefer a more straightforward rewards structure, other cards like the Chase Sapphire Preferred® Card or the Capital One Venture Rewards Credit Card may be better options.
Ultimately, the Amex EveryDay® Preferred Credit Card is a solid choice for those who want to maximize their rewards on everyday expenses while enjoying the flexibility and value of the Membership Rewards® program.
FAQs
Is the Amex EveryDay® Preferred Credit Card worth the $95 annual fee?
The answer to this question depends on your spending habits and how well you can utilize the card’s rewards structure. If you spend a significant amount on groceries and gas, and make frequent purchases to trigger the 50% bonus, the Amex EveryDay® Preferred Credit Card can easily provide enough value to offset the annual fee. However, if your spending patterns don’t align with the card’s bonus categories, you may be better off with a different rewards card.
How does the Amex EveryDay® Preferred Credit Card compare to the Chase Sapphire Preferred® Card?
Both the Amex EveryDay® Preferred Credit Card and the Chase Sapphire Preferred® Card have an annual fee of $95. However, the Chase Sapphire Preferred® Card offers a higher sign-up bonus (75,000 points after spending $4,000 in the first 3 months) and better travel benefits, such as primary rental car insurance and trip cancellation/interruption insurance. On the other hand, the Amex EveryDay® Preferred Credit Card has a more rewarding structure for everyday purchases, especially at U.S. supermarkets and gas stations.
Can I transfer Membership Rewards® points to airline and hotel partners?
Yes, one of the most valuable features of the Amex EveryDay® Preferred Credit Card is the ability to transfer Membership Rewards® points to various airline and hotel partners at a 1:1 ratio. This includes popular programs like Delta SkyMiles, Hilton Honors, and Marriott Bonvoy. Transferring points can often provide the highest redemption value, making it an excellent option for frequent travelers.
Does the Amex EveryDay® Preferred Credit Card charge foreign transaction fees?
Yes, the Amex EveryDay® Preferred Credit Card charges a foreign transaction fee of 2.7% on all purchases made abroad. This fee can add up quickly if you frequently travel internationally or make purchases in foreign currencies.
How does the 50% bonus work on the Amex EveryDay® Preferred Credit Card?
To receive the 50% bonus on points earned, you must make 30 or more purchases in a billing cycle. The bonus will then be applied to all points earned from those purchases, minus any returns or credits. This effectively increases your earning rate to 4.5x points at U.S. supermarkets (on up to $6,000 per year in purchases), 3x points at U.S. gas stations, and 1.5x points on all other eligible purchases.
In another related article, Comparing The Amex Business Platinum vs Amex Platinum – Which Premium Travel Card Reigns Supreme?
