The $0-annual-fee Amex EveryDay® Credit Card offers some solid value. Terms apply. But should you sign up? Here are some things to consider when deciding whether this card is worth getting.
Valuable perks of the Amex EveryDay® Credit Card
Rewarding welcome offer
The Amex EveryDay® Credit Card offers a welcome bonus: Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months. Terms Apply.
WealthyUpdates values Membership Rewards® Points at around 1 cent each, depending on how you use them, so this bonus is worth about $100.
Swipe more for greater rewards
The Amex EveryDay® Credit Card earns 2x points at U.S. supermarkets, up to $6,000 per year, then 1 point per dollar after that. You’ll also earn double points on eligible travel purchases made through American Express Travel. Terms apply.
Those points payouts are pretty standard for a travel rewards credit card in this price range. What sets this card apart is that you can earn even more rewards by using it a lot.
Make 20 or more charges to the card during your billing cycle and you will earn 20% more points for those purchases. That makes the U.S. supermarket purchase 2.4 points per dollar and all other purchases 1.2 points per dollar. Terms apply.
Points transfer to airline and hotel programs
It is rare for a $0-annual-fee credit card to have full access to valuable airline and hotel partners. For example, Chase Freedom Flex℠ cardmembers can’t transfer their points to Chase’s airline and hotel partners the way the holders of more expensive Chase cards can.
But in the case of this credit card, you have ample transfer opportunities. The points you earn with the Amex EveryDay® Credit Card — American Express Membership Rewards® points — can be transferred to 18 different airline partners and three hotel partners. Sometimes, booking award travel directly through the airline or hotel can cost fewer points than if you redeemed the points directly through American Express Membership Rewards. This ability to transfer points means you can choose from two prices when booking award travel, which can sometimes mean significant savings. Terms apply.
Further, American Express lets you pool points from other Membership Rewards-earning credit cards into one account. So if you want to cancel a pricier AmEx card, the Amex EveryDay® Credit Card is an opportunity to save your hard-earned points while shedding the other card’s high annual fee.
AmEx Offers are a great way to save money or earn more points at many different merchants. When logged into your American Express card account, you can browse dozens of merchant-specific offers for travel, dining, grocery, gas, merchandise and more. Simply click to add available offers to your card and you’ll get discounts or bonus points when you spend at those merchants. New deals are added regularly. Eligibility for these offers is limited. Enrollment is required in the AmEx Offers section of your account before redeeming.
The ability to earn more rewards (or save money on items you were purchasing anyway), in addition to the credit card rewards you already were earning, is a great benefit for a $0 annual fee credit card.
American Express Plan It payment option
While not a benefit that should be used frequently, the Plan It option that comes with the card gives you flexibility for paying for larger purchases. When you spend $100 or more on a purchase, this benefit allows cardmembers to split the charge into monthly payments over a fixed period of time. Instead of paying interest, you pay a fixed monthly fee. There may be up to three duration options. Terms apply.
The bottom line
While the Amex EveryDay® Credit Card offers good value, there could be more rewarding American Express cards for your lifestyle.
If you spend a lot of money at U.S. supermarkets, consider The Amex EveryDay® Preferred Credit Card from American Express, which offers higher rewards for spending at U.S. supermarkets while charging a $95 annual fee. But if you don’t spend a lot of money each month on credit cards, or if you often make 20 or more small charges in a month, the $0 annual fee on this credit card could offer the right balance of rewards and affordability. Terms apply.
All information about the Amex EveryDay® Credit Card has been collected independently by WealthyUpdates. The Amex EveryDay® Credit Card is no longer available through WealthyUpdates.
All information about The Amex EveryDay® Preferred Credit Card from American Express has been collected independently by WealthyUpdates. The The Amex EveryDay® Preferred Credit Card from American Express is no longer available through WealthyUpdates.
To view rates and fees of The Amex EveryDay® Preferred Credit Card from American Express, please visit this page.
To view rates and fees of the Amex EveryDay® Credit Card, please visit this page.
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