Back in the day I thought this was one of the best cards for earning Amex Membership Rewards points, but how has this card held up, given all the changes that have been made to other cards?
Amex EveryDay Preferred Card Basics For September 2020
The Amex EveryDay Preferred Card has a reasonable fee, has valuable bonus categories, and even offers even more bonus points if you make at least 30 transactions every billing cycle.
On top of that, Amex Membership Rewards points are incredibly valuable, and there are lots of opportunities to use this card in conjunction with other Amex cards to really maximize your points earning potential.
Amex EveryDay Preferred Card $95 Annual Fee
Amex EveryDay Preferred Welcome Bonus
The Amex EveryDay Preferred offers a standard welcome bonus of 15,000 Membership Rewards bonus points after spending $1,000 within three months. However, we sometimes see higher targeted bonuses, and even the refer a friend feature sometimes returns higher bonuses.
All of the standard Amex restrictions on credit card applications apply, like that you can only have at most five American Express credit cards at a time.
0% Intro APR
The Amex EveryDay Preferred is offering 0% intro APR on purchases and balance transfers for 12 months. After that, your APR will be a variable rate (currently in the range of 14.49% – 20.49%), so if you do take advantage of this, make sure you can pay back the full amount within that period.
Amex EveryDay Preferred Foreign Transaction Fees
I wouldn’t recommend using this credit card for purchases outside the US, as the card does have 2.7% foreign transaction fees, which will eat up most of the value of your rewards.
Earning Points With The Amex EveryDay Preferred
The one area where the Amex EveryDay Preferred really excels is when it comes to points earning potential. If you’re using this card correctly then you should be earning anywhere from 1.5-4.5x Membership Rewards points per dollar spent.
I value Amex points at ~1.7 cents each, so to me that’s the equivalent of a return of ~2.55% to ~7.65% on spending.
50% Points Bonus With 30 Transactions
To start, the Amex EveryDay Preferred Card offers a 50% points bonus when you use your card at least 30 times per billing cycle. This can include purchases of any amount, so even small purchases of just a few dollars will count towards that total.
Let me share upfront that I think this card really only makes sense if you’re going to make at least 30 purchases per billing cycle.
3-4.5x Points At US Supermarkets
The Amex EveryDay Preferred offers 3x points at US supermarkets on up to $6,000 per calendar year in purchases.
Given the 50% points bonus, this means if you’re making at least 30 transactions per billing cycle then you could be earning 4.5x points at supermarkets, making this one of the best credit cards for supermarket spending.
2-3x Points At US Gas Stations
The Amex EveryDay Preferred offers 2x points at US gas stations, with no caps.
Given the 50% points bonus, this means if you’re making at least 30 transactions per billing cycle then you could be earning 3x points at gas stations, making this one of the best credit cards for gas station spending.
1-1.5x Points On Other Purchases
The card offers 1x points on all other purchases, though if you’re making 30 transactions per billing cycle, you’re earning 1.5x points per dollar spent. This makes it one of the best credit cards for everyday spending.
American Express Preferred Card Benefits
The Amex EveryDay Preferred Card has a fairly limited number of benefits outside of the points earning potential, as that’s the main draw to the card. However, there are a couple of potentially valuable perks to be aware of.
One of the great features of Amex cards is access to Amex Offers, which offers savings or bonus points on purchases with all kinds of retailers. There’s huge value to be had in getting as many Amex cards as possible, so that you can get these offers on multiple cards.
Amex Offers could save you hundreds of dollars per year. You can access these offers by logging into your account and scrolling down to the bottom of your account summary page.
For having the American Express EveryDay Preferred Card you get a ShopRunner membership, which gets you free two-day shipping on eligible items at a network of 100+ online stores. You just have to enroll in your complimentary membership and can then start taking advantage of it.
Is The Amex EveryDay Preferred Card Worth It?
There are a lot of things to consider when it comes to deciding whether the Amex EveryDay Preferred Card is worth it, given how the card landscape has changed.
I wanted to look at some of the things to consider when deciding whether to get this card, like comparing the no annual fee EveryDay Card, and looking at some of the other Amex cards that have recently been refreshed.
Quick Comparison: Amex EveryDay Vs. EveryDay Preferred
In addition to the $95 annual fee EveryDay Preferred, Amex also has the no annual fee Amex EveryDay® Credit Card. How do the two cards compare?
- The EveryDay Preferred offers a 50% points bonus when you make 30 purchases per billing cycle, while the EveryDay offers a 20% points bonus when you make 20 purchases per billing cycle
- The EveryDay Preferred offers 3-4.5x points at US supermarkets, while the EveryDay offers 2-2.4x points at US supermarkets
- The EveryDay Preferred offers 2-3x points at US gas stations, while the EveryDay offers 1-1.2x points at US gas stations
- The EveryDay Preferred offers 1-1.5x points on everyday purchases, while the EveryDay offers 1-1.2x points on everyday purchases
While the EveryDay is great as a no annual fee card that earns Membership Rewards points, for someone who spends a lot at supermarkets and gas stations, I would say the EveryDay Preferred is worth the premium.
How Does The Amex Gold Compare?
- 4x Membership Rewards points at restaurants globally
- 4x Membership Rewards points at US supermarkets, on up to $25,000 in purchases annually
- 3x Membership Rewards points on flights booked directly with airlines or through amextravel.com
On top of that, the card offers up to $220 in credits annually, including:
- Up to $100 in airline fee credits
- Up to $120 in dining credits
Assuming you can take advantage of the credits and spend a decent amount on dining at restaurants, then I think this is largely going to be the better option.
The Amex Gold is potentially awesome for dining purchases
How Does The Amex Green Compare?
Amex also recently refreshed the American Express® Green Card (review), which is now my favorite consumer card for earning Membership Rewards points. The card has a $150 annual fee (Rates & Fees) and offers:
- 3x Membership Rewards points at restaurants globally
- 3x Membership Rewards points on all travel purchases, including transit
On top of that, the card offers up to $200 in credits annually, including:
Personally I think this card is hard to beat, given the up to $200 in annual credits, not to mention the 3x points on dining and travel, which is very well rounded.
The LoungeBuddy credits offered by the Amex Green can come in handy
Complement: Amex Blue Business Plus
Regardless of which personal Amex card you choose to get, I’d recommend complementing It with The Blue Business® Plus Credit Card from American Express, which offers 2x points on the first $50,000 spent every calendar year.
It’s a pretty unbeatable combination to earn 2x points on everyday business spending and bonus points on your personal spending.
Amex EveryDay Preferred Card Bottom Line
The Amex EveryDay Preferred Card has been around for years, and is one of Amex’s cards that hasn’t been refreshed lately.
Assuming you spend a lot at supermarkets and/or gas stations, and assuming you can make at least 30 purchases per billing cycle, then this card is potentially worthwhile.
However, personally I think the Amex Gold Card or Amex Green Card are better options for most consumers, assuming the gas station bonus category isn’t important to you. Both have very well rounded bonus categories, offer statement credits, and don’t have that 30 transaction requirement per billing cycle to maximize points.
With there being more and more cards that are useful for maximizing points, I think it’s increasingly difficult to justify putting 30 purchases per month on a single card.
Personally I prefer the Amex Gold if you spend a lot at supermarkets, while I prefer the Amex Green if you spend a lot on travel. Meanwhile both cards are great for restaurant dining.
Where do you stand on the Amex EveryDay Preferred Card, especially as the market has otherwise evolved?
The following links will direct you to the rates and fees for mentioned American Express Cards. These include: American Express® Gold Card (Rates & Fees), and American Express® Green Card (Rates & Fees).