Amex EveryDay Preferred Credit Card Review (2020)

Filed Under: American Express
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3x points
at U.S. supermarkets
2x points
at gas stations
50% bonus
for 30+ monthly transactions
Annual Fee: $95
| The card details for the Amex EveryDay Preferred have been collected independently by OMAAT and have not been reviewed or provided by the card issuer.

While American Express has refreshed much of their card portfolio in the past couple of years, one card that hasn’t changed much is the Amex EveryDay® Preferred Credit Card.

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 August 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

The Amex EveryDay Preferred Card has a $95 annual fee, which is in line with many other mid-range premium cards, like the Chase Sapphire Preferred® Card (review).

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.

Amex Offers

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.

ShopRunner Membership

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?

Amex recently refreshed the American Express® Gold Card (review), which is now fantastic, and a real competitor to the EveryDay Preferred. The card has a $250 annual fee (Rates & Fees) and offers:

  • 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?

If you want to learn more about the Amex EveryDay Preferred Card or apply, follow this link.

Apply Now

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).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
Comments
  1. I’ve long thought the Everyday Preferred was annoying unless you used it as your only card. Amex Gold and Green are better options now.

    I am actually on the fence about whether to apply for the Amex Green this year or not. I already have the Amex Gold. I am trying to get back under 5/24 and thus I can only apply for two cards this year. After talking down on Clear previously, I now like it as it has gotten me through some nasty lines recently, so I could use the credit. However I’m not sure if I would spend on it at all, I use Amex Gold for dining and CSR or Citi Premier for travel.

  2. GREAT post and timely as I am considering canning my PLT that I have had since 2002 and have a the Everyday Card. From your post Gold seems to be the best for all around ?

  3. If you are young, travel all the time, and eat a lot at restaurants, I can see how the Green or Gold cards beat the EDP. But for those of us with families, who shop at grocery stores, drive our own cars, and find it easy to make the 30+ transactions per month, the EDP is a hands-down winner, especially since I can get 1.5X on regular spend. For travel and dining there are other cards that earn us bonuses; Citi Prestige and Chase CSR, for example.

  4. You can get way more out of the Amex EveryDay Preferred than that.

    You start by stopping by the in-store Starbucks. That’s two transactions every visit to the supermarket, so at most, you’re just going to go to the supermarket 15 times.

    But Safeway has gift cards for Hyatt, Southwest, and Delta. So that’s a source of 4.5 MR points until you hit the $6,000/year ceiling.

    But wait, Safeway gives you double for their own Safeway Rewards points for gift card purchases, and that racks up fast. You get a maximum of $1/gallon discount at Safeway gas stations with Safeway points.

    Still, it’s only a piddly 27,000 MR points max/year in the 4.5 MR points category. Maybe you can do better, or 27k MR is your annual base load.

  5. I used to use this card for my taxes for the bonus, but now I just do taxes towards status spend. (delta/hyatt etc) Maybe its because I have the 4x with the gold card I dont see as much value in this card as I once did once the AF hits I think I might actually get rid of this.

  6. mangoMan +2

    Lucky seemed to overlook the fact that neither the Green nor Gold card get 2x points on gas stations. I can’t think of any other AmEx personal card that offers multiple points on gas purchases.

    My wife and I have been using the EDP as our main daily spending card for about 2.5 years now because gas and groceries are two of our most frequent purchases week in and week out. With her card being the authorized user on my account, it means both of us are only working to one common goal of 30 transactions. Plus, we moved all of our low cost monthly recurring transactions like Netflix and Hulu to the card just to be safe. The only times we fail to get the bonus are months where I’ve been travelling for work so much that I hardly use my card at all, but that’s usually only once or twice a year.

  7. It looks like the Amex Delta Reserve has some new benefits now? I am an existing cardholder but saw on Delta’s site an ad for the card, which included access to Centurion lounges which would be new. Anything else new we should know about? Thanks.

  8. I pay my utility bill $ 5 at a time- add $ 1 to my Amazon account monthly- easy to get 30 transactions per month

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