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Do you own The Platinum Card® from American Express or American Express® Gold Card and want to earn 20% more points on your non-bonus purchases? Even if you don’t own one of these cards, your best option can be the Amex EveryDay® Credit Card. This Amex EveryDay Credit Card review will show you how to get the 20% monthly bonus and the best ways to redeem your points.
The information for the Amex EveryDay® Credit Card has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
It doesn’t have an annual fee (See Rates & Fees) and earns up to 2x Membership Rewards points on US supermarket purchases (up to $6,000 annually, then 1x).
Sound good so far? Let’s see if this is the best card for your wallet.
In-Depth Amex Everyday Review
The Amex EveryDay® Credit Card is a good option if you like redeeming your points for award travel. This is because your rewards points are most valuable when booking award flights. Although, your points can also be worth the same amount when redeeming for retail and restaurant gift cards.
The current welcome bonus is earning 10,000 Membership Rewards points after spending $1,000 on purchases in the first 3 months of account opening. These points are worth $100 in award travel booked on AmexTravel.com. But they can be worth more if you transfer them to the airline transfer partners and get more than 1 cent per point.
Earn Membership Rewards Points
Every purchase earns American Express Membership Rewards points. These are some of the most valuable credit card rewards points for award travel.
You earn 2x points per $1 at US supermarkets on the first $6,000 in annual purchases (then 1x point per $1). All other purchases earn 1x point per $1.
20% Monthly Bonus
The most exciting benefit of this card is getting a 20% bonus on your monthly purchase rewards. You get this bonus by making at least 20 card purchases in a billing cycle. So if you earn 3,000 points in monthly purchases, you get 600 bonus points.
Redeeming Points for Travel
Membership Rewards points are worth 1 cent each when redeeming for award flights or retail gift cards. Your points are worth less than 1 cent when redeemed for other travel or cash rewards.
The industry average redemption value for credit card points is 1 cent. So the Amex EveryDay® Credit Card is a good option when each point is worth at least 1 cent each. In this case, award flights or gift cards make your points worth 1 cent each.
If you own another American Express credit card that earns Membership Rewards, you can pool your point balances.
1:1 Point Transfers
If you sleep through the rest of this Amex Everyday review, pay close attention to this section. The 1:1 point transfers are usually the best way to make each point worth more than 1 cent each.
Membership Rewards points are almost always the most valuable when you transfer them to an airline loyalty program. Most partners let you transfer points on a 1:1 basis. For example, 1,000 Amex Membership Rewards points become 1,000 Delta SkyMiles.
Below are the current airline transfer partners:
- Aer Lingus
- Air France KLM
- Asia Miles
- British Airways
- Delta Air Lines
- El Al
- Hawaiian Airlines
- Singapore Airlines
- Virgin Atlantic
You have lots of great ways to book award flights these airlines operate. One of the best examples is British Airways. Short-haul flights in Europe start at 4,500 Avios.
You can book partner flights in the United States on American Airlines or Alaska Airlines. For example, a one-way flight from the U.S. West Coast to Hawaii starts at 12,500 with either of these airlines.
Two of the best airlines for flying first class are Singapore Airlines and Emirates. Both airlines offer top-notch experiences. And your points can be worth a lot more than 1 cent each.
As this card doesn’t have an annual fee, being able to transfer points is a valuable perk. For instance, Chase and Citi only offer this benefit for their travel cards with an annual fee.
Hotel Transfer Partners
You can also transfer your points on a 1:1 ratio to three hotel partners. They are Choice Privileges, Hilton Honors, and Marriott Bonvoy. Award nights can still be better than paying cash. However, hotel points are usually worth less than 1 cent each.
Other Card Benefits
This card offers a few other purchase and travel benefits that can save you money.
- Secondary car rental loss and damage insurance
- Extended warranty protection of up to 1 year
- Purchase protection up to 120 days
- Return protection up to 90 days
- Pay It Plan It fixed-rate payment plans
- Free 2-day ShopRunner shipping
Most of these benefits can save you money if you have problems with a purchase. The Pay It Plan It feature lets you negotiate a fixed payment plan for purchases above $100. Although the interest charges are lower than the regular purchase APR, it’s still more than the Membership Rewards points you earn for that purchase are worth. Do everything possible to pay your card balance in full each month.
The Amex Everyday never charges an annual fee. There is a 2.7% foreign transaction fee (See Rates & Fees).
Credit Score Needed
The Amex Everyday requires a good credit score (670+) or an excellent credit score (740+). If your credit score is presently in the mid-600s or right at 670, you can try getting pre-approval from American Express. It’s free, doesn’t impact your credit score, and takes less than a minute to request.
Pre-approval doesn’t guarantee actual approval, but it offers a good prediction.
Positives and Negatives
This is a good card if you own other Amex cards that earn Membership Rewards and make at least 20 card purchases that currently earn 1 point per $1. If you prefer redeeming your points for cash rewards, consider applying for one of the best cash back credit cards instead.
- 20% bonus points with at least 20+ card purchases per month
- Earn 2x Membership Rewards at US supermarket (on the first $6,000 per year)
- Can transfer points to airline and hotel partners
- No annual fee
- Only bonus category is US supermarkets
- Points are worth less than 1 cent each for cash rewards
- May not be worth it if you don’t make at least 20 monthly card purchases
- Foreign transaction fee
Amex Everyday vs Amex Everyday Preferred
The Amex Everyday is a good option if you make at least 20 monthly card purchase or want a no annual fee travel credit card.
But if you make at least 30 monthly card purchases and comfortable paying a $95 annual fee (See Rates & Fees), you may like the Amex EveryDay® Preferred Credit Card more. It earns 3x points at US supermarkets (on the first $6,000 per year), unlimited 2x points at US gas stations, and 1x points on everything else.
Making at least 30 card purchases means you get a 50% bonus on the points you earn during that billing cycle.
Summary of Amex Everyday Review
If you want to earn 20% more your monthly purchases and redeem your points for award flights, the Amex EveryDay credit card can be a good option. Not having an annual fee makes this a good backup card if most of your purchases go on a premium American Express credit card.
Learn more: Amex EveryDay® Credit Card
For rates and fees of The Amex EveryDay® Credit Card, please click here.
For rates and fees of The Amex EveryDay® Preferred Credit Card, please click here.
Chase Sapphire Preferred® Card
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.