Amex EveryDay® Credit Card or Amex EveryDay Preferred® Credit Card: Which Should You Use?

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners. This site may be compensated through a credit card partnership.

Written By

Updated on Tuesday, March 24, 2020

If you spend a lot on groceries each month, you should consider a credit card that can put some of that cash back in your pocket, such as The Amex EveryDay® Credit Card from American Express or The Amex EveryDay® Preferred Credit Card from American Express.

When deciding which of these cards is a good fit for you, in addition to how much you can earn by spending at U.S. supermarkets, you should also look at the annual fee, introductory APRs and bonus spend categories.

For example, if you don’t want to pay an annual fee, and want a long introductory APR on purchases and balance transfers, The Amex EveryDay® Credit Card from American Express will be the best option.

But if you want to earn a higher rewards rate at U.S. supermarkets and U.S. gas stations — and don’t mind paying a $95 annual fee — The Amex EveryDay® Preferred Credit Card from American Express could be a better choice.

Both The Amex EveryDay® Credit Card from American Express and The Amex EveryDay® Preferred Credit Card from American Express allow you to redeem your Membership Rewards points for travel, gift cards, merchandise or entertainment. You can also transfer points to one of American Express’ loyalty partners, including Delta Airlines, Hilton Honors and JetBlue Airways.

We break down the pros and cons of The Amex EveryDay® Credit Card from American Express and The Amex EveryDay® Preferred Credit Card from American Express to help you determine which card is the best fit for you.

The Amex EveryDay® Credit Card from American Express  vs. The Amex EveryDay® Preferred Credit Card from American Express

 

The Amex EveryDay® Credit Card from American Express

The Amex EveryDay® Preferred Credit Card from American Express

Annual fee$0$95
Welcome bonus10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.Earn 15,000 bonus points after you use your new card to make $1,000 in purchases in your first 3 months from account opening
Rewards rate2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x), 1x points on other purchases.3x points at US supermarkets; 2x points at US gas stations; 1x points on other purchases
Intro APR on purchases0% for 15 Months0% for 12 months
Regular purchase APR12.99% - 23.99% variable12.99% - 22.99% variable
Foreign transaction fees2.7% of each transaction after conversion to US dollars.2.7% of each transaction after conversion to US dollars

The Amex EveryDay® Credit Card from American Express pros and cons

Pros

Intro APR on purchases. If you plan to finance a large purchase, you can come out on top with The Amex EveryDay® Credit Card from American Express, thanks to its long introductory APR on purchases. The card offers an intro APR of 0% for 15 Months on purchases. After that, an APR of 12.99% - 23.99% variable applies.

Intro APR on balance transfers. If you’re looking to save on interest charges with a balance transfer offer, The Amex EveryDay® Credit Card from American Express also offers an introductory APR on balance transfers for more than a year. The card comes with an intro APR on balance transfers of 0% for 15 Months, then an APR of 12.99%- 23.99% variable.

Additionally, The Amex EveryDay® Credit Card from American Express offers a $0 balance transfer fee. Balance transfer fees can typically run anywhere from 3%-5% of the amount transferred.

Annual fee. The Amex EveryDay® Credit Card from American Express charges a $0 annual fee.

Additional American Express benefits. The Amex EveryDay® Credit Card from American Express comes with several benefits, including 20% more points when you use your card 20 or more times on purchases in a billing period, payment flexibility, car rental loss and damage insurance, access to Global Assist Hotline, dispute resolution, complimentary ShopRunner membership and more.

Cons

Modest welcome bonus. The Amex EveryDay® Credit Card from American Express offers a lower welcome bonus than The Amex EveryDay® Preferred Credit Card from American Express. Cardholders earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.

Limited bonus categories. Although The Amex EveryDay® Credit Card from American Express offers 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x), 1x points on other purchases., the card does not offer an elevated rewards rate in other popular spend categories, such as gas stations or restaurants.

Additionally, once you reach the $6,000 yearly spend limit on U.S. supermarket purchases, you will only earn 1 point per dollar on those purchases for the remainder of the year. So, if you max out the $6,000 yearly spend limit, you’d earn 12,000 points at the higher cashback rate, not including any points you’d earn at the lower cashback rate.

Foreign transaction fees. Like The Amex EveryDay® Preferred Credit Card from American Express, The Amex EveryDay® Credit Card from American Express charges foreign transaction fees of 2.7% of each transaction after conversion to US dollars.

The Amex EveryDay® Preferred Credit Card from American Express pros and cons

Pros

Rewards rate. In addition to offering a higher rewards rate at U.S. supermarkets than The Amex EveryDay® Credit Card from American Express, The Amex EveryDay® Preferred Credit Card from American Express offers the ability to earn rewards through spending at U.S. gas stations. Cardholders earn 3x points at US supermarkets; 2x points at US gas stations; 1x points on other purchases.

If you max out the $6,000 yearly spend limit at U.S. grocery stores, you can earn 18,000 points per year on those purchases alone.

Welcome bonus. The Amex EveryDay® Preferred Credit Card from American Express also offers a higher welcome bonus than The Amex EveryDay® Credit Card from American Express — with the same spend requirement. Earn 15,000 bonus points after you use your new card to make $1,000 in purchases in your first 3 months from account opening.

Additional American Express benefits. The Amex EveryDay® Preferred Credit Card from American Express also comes with the following benefits: 50% more points when you use your card 30 or more times on purchases in a billing period, payment flexibility, car rental loss and damage insurance, access to Global Assist Hotline, return protection, dispute resolution, free ShopRunner membership and more.

Cons

Annual fee. The Amex EveryDay® Preferred Credit Card from American Express charges a $95 annual fee.

Balance transfer fee. The Amex EveryDay® Preferred Credit Card from American Express offers an introductory APR on purchases and balance transfers — albeit for a slightly shorter time period than The Amex EveryDay® Credit Card from American Express.

However, unlike The Amex EveryDay® Credit Card from American Express, The Amex EveryDay® Preferred Credit Card from American Express charges a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. So, for example, if you transfer $8,000 from a different credit card, you would incur a balance transfer fee of $240.

Which card is best for you?

If you have a large family to feed or simply prefer dining in over eating out, chances are you could benefit from a card that offers rewards at U.S. grocery stores, like The Amex EveryDay® Credit Card from American Express or The Amex EveryDay® Preferred Credit Card from American Express.

If you’re trying to decide between the two, The Amex EveryDay® Preferred Credit Card from American Express makes the most sense for those who spend enough at U.S. grocery stores and U.S. gas stations each year to cover the $95 annual fee. For example, if you earn 10,000 points, they will be worth approximately $100 in airfare through American Express Travel.

But if you have high-interest credit card debt that you want to transfer, The Amex EveryDay® Credit Card from American Express would be the better choice, since it offers the longest intro APR on balance transfers out of the two reviewed in this article and does not charge a balance transfer fee.

The information related to The Amex EveryDay® Credit Card from American Express and The Amex EveryDay® Preferred Credit Card from American Express has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Do you have a question?