Introduction to Amex EveryDay Card
If you’re searching for a credit card that offers a range of rewards and benefits, while also being easy on the wallet, then the Amex EveryDay Card may be just what you’re looking for. With a 0% introductory APR, Membership Rewards points, and no annual fee, this card is the perfect choice for beginners, travel enthusiasts, and anyone looking to make big purchases.
Card Benefits and Features
The Amex EveryDay Card offers a host of benefits and features that make it stand out from other credit cards on the market. Firstly, there is a 0% introductory APR for 15 months on both purchases and balance transfers, making this an ideal card for those who are looking to make large purchases or transfer existing balances.
Another great benefit of the Amex EveryDay Card is its Membership Rewards program, which allows cardholders to earn points every time they make a purchase. These points can be redeemed for a variety of things, including travel, merchandise, and gift cards, providing cardholders with a range of options to choose from.
Perhaps one of the most significant advantages of the Amex EveryDay Card is that it comes with no annual fee. This is an enormous benefit for cardholders, as it means that they don’t have to worry about paying an annual fee to enjoy the card’s rewards and benefits.
Who Should Get the Card
The Amex EveryDay Card is an excellent choice for a variety of people, depending on their needs and circumstances. Beginners who are looking to build their credit history and take advantage of rewards and benefits should consider this card.
For travel enthusiasts, the Amex EveryDay Card allows cardholders to earn rewards that can be used towards flights, hotels, and other travel expenses, making it a great option for those who love to travel. Finally, anyone who is planning to make big purchases within the next year can benefit from the Amex EveryDay Card’s 0% introductory APR, which can help them spread out their payments over time without accruing interest charges.
Card Basics
The Amex EveryDay Card is a travel card issued by American Express, and it comes with a range of benefits that make it a great choice for many cardholders. Let’s take a closer look at some of the card’s basic features.
Annual Fee and Welcome Bonus
One of the most significant advantages of the Amex EveryDay Card is its $0 annual fee, which means that cardholders don’t have to worry about paying any fees to unlock the card’s benefits. Additionally, the card also comes with a welcome bonus of 10,000 Membership Rewards points, which can be earned after spending $1,000 in the first three months of card membership.
Reward Rate and Intro APR
The Amex EveryDay Card offers a reward rate of 2X points per dollar spent at U.S. supermarkets (up to $6,000 per year), and 1X point per dollar spent on all other purchases. This rewards program is a great way for cardholders to earn points quickly, especially if they shop frequently at U.S. supermarkets.
Additionally, the card also comes with a 0% introductory APR for 15 months on both purchases and balance transfers, providing cardholders with a great way to spread out their payments without incurring any interest charges.
Recommended Credit Score and Foreign Transaction Fee
To be approved for the Amex EveryDay Card, it is recommended that cardholders have a good to excellent credit score. While there is no set minimum credit score, those with good credit scores (above 670) have a better chance of being approved for the card.
Finally, the card also comes with a foreign transaction fee of 2.7%, which means it may not be the best option for those who frequently travel internationally and want to avoid paying extra fees on purchases made overseas.
Conclusion
In conclusion, the Amex EveryDay Card is an excellent choice for those looking for a credit card with a range of rewards and benefits, including a 0% introductory APR, Membership Rewards points, and no annual fee. This card is perfect for beginners, travel enthusiasts, and anyone looking to make big purchases within the next year.
With a 2X point reward rate for U.S. supermarket purchases and a recommended credit score of good to excellent, the Amex EveryDay Card is a great option for many cardholders. So why not consider it as your next credit card?
Amex EveryDay Card Benefits and Perks
If you’re in the market for a credit card that offers a wide range of benefits and perks, then the Amex EveryDay Card may be the right card for you. This credit card provides numerous rewards that can help you earn points faster, save money on big purchases, and enjoy travel benefits.
Here is a more in-depth look at some of the Amex EveryDay Card benefits and perks.
Generous Welcome Offer
One of the most significant perks of the Amex EveryDay Card is the generous welcome offer. New cardholders can earn 10,000 Membership Rewards points after spending $2,000 in purchases on their card within the first three months of card membership.
This welcome bonus is worth $100 in rewards, making it an excellent way to start enjoying the card’s benefits.
Introductory APR Offer
The Amex EveryDay Card also features an attractive introductory APR offer of 0% APR on purchases and balance transfers for the first 15 months of card membership. This offer can save you a lot of money on interest charges, especially if you’re looking to make a big purchase or transfer a balance from another card.
After the introductory period, the APR will revert to the standard variable rate, which for this card is currently between 12.99% and 23.99%.
Extra Points Earning
Cardholders of the Amex EveryDay Card can earn extra points when making purchases. Every time you make 20 purchases on the card in a billing period, you will earn a 20% bonus on all of your points earned in that billing period.
Additionally, you can earn 2X Membership Rewards points per dollar spent at U.S. supermarkets, up to $6,000 in purchases per year. This makes the Amex EveryDay Card a great option for those who spend a lot on groceries as they can earn points faster.
Rental Car Insurance
The Amex EveryDay Card also includes rental car insurance coverage at no extra cost. This coverage can save you money on collision damage and theft of rental vehicles.
It provides secondary coverage for eligible rental cars in the U.S. and abroad for up to 30 consecutive days.
Emergency Assistance
Cardholders of the Amex EveryDay Card can enjoy peace of mind while traveling with access to Global Assist Hotline. This benefit provides 24/7 emergency services that include medical, legal, and travel assistance.
Cardholders also have access to the premium roadside assistance hotline, which can help you if your car breaks down on a road trip.
Drawbacks to the Amex EveryDay Card
While the Amex EveryDay Card is a great choice for many cardholders, there are some drawbacks to consider before applying for the card.
Average Intro APR Terms
While the Amex EveryDay Card offers an introductory APR of 0% for 15 months on purchases and balance transfers, this is an average offer compared to some other credit cards in the market. If an introductory APR is an important factor in your credit card selection process, you may want to consider other cards that offer longer introductory periods.
Foreign Transaction Fees
The Amex EveryDay Card charges a foreign transaction fee of 2.7% on all purchases made outside of the U.S. This fee can add up quickly, especially if you are traveling abroad or purchasing items from international merchants. If you frequently travel outside of the country or make international purchases, you may want to consider a credit card with no foreign transaction fees.
Bonus Categories
While the Amex EveryDay Card offers 2X Membership Rewards points per dollar spent at U.S. supermarkets, this is a limited bonus category. Once you reach the $6,000 year spending cap, you will only earn 1X point per dollar spent on groceries.
This means that if you spend a lot on other bonus categories like dining or travel, you may want to consider a credit card that provides bonuses in those areas.
Conclusion
The Amex EveryDay Card offers numerous benefits and perks, including a generous welcome offer, an introductory APR of 0% for 15 months, and rental car insurance coverage. However, it may not be the best choice for those who frequently travel abroad or spend in categories other than U.S. supermarkets.
Ultimately, the decision to apply for the Amex EveryDay Card depends on your individual needs and spending habits.
Earning and Redeeming Membership Rewards Points
Membership Rewards points are a valuable form of currency that can be earned through the Amex EveryDay Card, among other American Express credit cards. These points can be redeemed in various ways, including for travel, gift cards, merchandise, and statement credits.
Heres a detailed look at how to earn and maximize Membership Rewards points.
Potential Earnings in Years One and Two
According to the FinanceBuzz Credit Card Rewards Valuation Model, in the first year of card ownership, you could earn up to 45,350 Membership Rewards points, including the 10,000-point welcome bonus. In the second year, expected earnings are around 30,640 points.
With no annual fee, the Amex EveryDay Card provides impressive rewards, making it a great choice for those seeking a starter card that also offers travel rewards.
Best Ways to Earn
To make the most of earning points on the Amex EveryDay Card, cardholders can earn 2X points per dollar spent at U.S. supermarkets. The card also offers 1X point per dollar spent on all other purchases.
Additionally, to earn the 10,000 Membership Rewards welcome bonus, cardholders must make $2,000 in purchases within the first three months of card ownership. Furthermore, to maximize points earnings, cardholders can leverage extra point opportunities.
They can earn 20% extra points after they make 20 purchases with the card in a billing cycle. Additionally, when booking flights or hotels through American Express Travel, Amex EveryDay cardholders can earn 2X points per dollar spent.
Maximizing Your Redemptions
With Membership Rewards points, there are various ways to redeem the earned points. However, cardholders can maximize the value of their points by using them for rewards travel.
This type of redemption can lead to maximum rewards value. Another excellent way to redeem Membership Rewards points is to transfer them to one of the card’s air or hotel partners.
This can result in significant savings over redeeming points through Amex directly. Moreover, cardholders can redeem points for gift cards, merchandise, Amazon Shop with Points, and statement credits.
Its essential to remember that the value of points can vary significantly, so its important to research the value of your points before redeeming.
American Express Membership Rewards Transfer Partners
American Express Membership Rewards points can be transferred to several travel partners, including airline and hotel loyalty programs. Currently, there are fifteen transfer partners, consisting of airlines like Delta, British Airways, and Emirates, as well as hotels like Hilton Honors and Marriott Bonvoy.
Conversion ratios vary depending on the transfer partner and the destination.
American Express EveryDay FAQs
Is the Amex EveryDay Card Worth It? For those seeking a starter card that also offers travel rewards, the Amex EveryDay Card is worth it.
With no annual fee, the card provides impressive rewards earning potential. The welcome bonus, coupled with grocery shopping rewards earning rates, makes it an excellent option for those looking for a reliable and straightforward rewards card.
Is the Amex EveryDay Card Hard to Get? The Amex EveryDay Card is not difficult to obtain for those with good or excellent credit scores.
If you have a good payment history and healthy credit score, the application process can be relatively straightforward. However, keep in mind that each card company has individual criteria that determine the decision to approve a credit card application.
Can You Carry a Balance on the Amex EveryDay Card? While it’s possible to carry a balance on the Amex EveryDay Card, it’s not recommended.
The card features a month-to-month interest rate that can add up quickly and negate the benefit of rewards earned. Moreover, the card also requires that the cardholder has exceptional creditworthiness.
How Much Are 100,000 Amex Points Worth? The value of 100,000 Amex points varies depending on the type of redemption option chosen and the location.
Generally, 100,000 Amex points are worth between $800 and $1,200 when redeemed for flights or hotel bookings, and approximately $100 when redeemed for shopping or statement credits. Is Amex EveryDay Better Than Blue Cash?
Both the Amex EveryDay and Blue Cash cards provide benefits and offer rewards earning potential. However, the Amex EveryDay Card’s rewards earning potential is more limited than the Blue Cash Card.
The Blue Cash Card is ideal for those who spend more on gas and groceries, while the Amex EveryDay Card is suitable for those seeking the benefits of two Membership Rewards points per dollar spent at U.S. supermarkets.
Other Cards to Consider
For those seeking an upgrade to the Amex EveryDay Card with more significant earning power, the Amex EveryDay Preferred Credit Card offers more earning potential. With a $95 annual fee, the card offers three Membership Rewards points per dollar spent at U.S. supermarkets, two points per dollar spent on travel, and one point per dollar spent on all other purchases.
Another card that could be an option to consider is the Citi Simplicity Card, with a 0% introductory APR on balance transfers for up to 18 months and no annual fee. However, it does not offer rewards earning potential.
Additionally, for those focused on balance transfers, the Citi Simplicity Card provides unmatched balance transfer terms. In summary, the Amex EveryDay Card is an excellent option for those looking for a credit card that offers rewards and benefits without an annual fee.
With a 0% introductory APR, generous welcome offer, and extra points earning potential, this card can provide a lot of value for its users. Cardholders can maximize their redemptions by transferring points to the airline and hotel partners, among other options.
While the card may not be the best choice for those who frequently travel internationally, it still provides many benefits that make it a worthwhile option. With all the information provided on earning, redeeming, and FAQs, it is clear that the Amex EveryDay Card is a great option for anyone looking for a reliable rewards credit card.