Advertising Disclosure

Amex EveryDay Preferred Credit Card Review

Amex EveryDay® Preferred Credit Card
Card Category: Consumer
Card Type: Unsecured
Credit Needed: Excellent / Good Credit
Card Rating:
The Amex credit card is part of American Express. American Express is a global financial service provider which offers their banking and financial related products to the U.S. clients and other consumers across the world.

The Amex EveryDay Preferred card is one of the Amex's point rewards credit cards that are part of the Membership Rewards program. The cad allows to earn point rewards and has a 0% intro APR on purchases and balance transfers. Below you will find more details of this card, its advantages and disadvantages.

Amex EveryDay Preferred Credit Card Details

CARD DESCRIPTION:

  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.24% to 24.24%.
  • Earn 15,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • 3x points at US supermarkets.
  • 2x points at US gas stations.
  • 1x points on other purchases.

AVAILABLE REWARDS

Max. Rewards: 3x points at US supermarkets
Sign-up Bonus: Earn 15,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.

RATES & FEES

Purchase Intro APR: 0% (12 months)
Purchase Regular APR: 14.24%-24.24% Variable
Cash Advance Fee: Either $5 or 3% of the amount of each cash advance, whichever is greater.
Cash Advance Regular APR: 26.49%
Balance Transfer Intro APR: 0% (12 months)
Balance Transfer Regular APR: 14.24% - 24.24% Variable
Balance Transfer Fee: 3%
Annual Fee: $95

Amex EveryDay Preferred Credit Card Benefits

The main benefit of using the Amex EveryDay Preferred card is being a part of the Amex's Membership Rewards program. This program allows to redeem earned reward in various ways, plus it allows to transfer points to some frequent customer programs. The points are earned easily with this card. First, all purchases at supermarkets will earn 3x points (up to the year limit). Second, purchases at gas stations will earn 2x points without caps or limits. And the third. All other purchases will bring you 1x points per dollar spent anywhere.

The card is ideal for those of you who like to use your credit card often, spends a lot on groceries, wants variety in redeeming rewards, and no hassle with rotating bonus categories.

Amex EveryDay Preferred Credit Card Drawbacks

As most Amex credit cards, this card comes with a high annual fee which is not even waived for the first year. This card is not for moderate spenders. You should really spend a lot to cover the cost of the card. Another disadvantage is that the main rewarding category - supermarkets - has a cap. You will earn 3x points on up to $6,000 per year in purchases at supermarkets. So if your spendings are significantly higher in this category, you may look for another credit card.

Contact Information

TELEPHONE

1-800-528-4800

Latest Credit Card Reviews

User Comments about Amex EveryDay® Preferred Credit Card

* - marked fields are required to be filled in