The 32 Benefits of The Amex EveryDay® Credit Card from American Express

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The Amex EveryDay® Card is somewhat of a sleeper card, but it’s a fantastic card because its initial benefits can be leveraged to save you big money.

Sure, it’s a great ongoing everyday card with its double-point earning categories, but its greatest value is available in the first 60 days of card ownership.

With minimal purchase planning and a quick look at any credit card debt you might be carrying, you can leverage the Amex EveryDay® Card into substantial savings.

Here’s why this card is unique and how you may be able to realize additional benefits in the first 60 days of having the card.

Quick Card Overview

Amex EveryDay® CardBenefits & Info
🌟The Amex EveryDay® Credit Card

The Amex EveryDay® Credit Card from American Express
  • Earn 10,000 Membership Rewards® points
  • 2x points at US supermarkets, (on up to $6,000 per year in purchases, then 1x).
  • Earn 20% extra points when you make 20 or more purchases with your Card in a billing period.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%. Terms Apply.
  • Use points for rewards from over 500 leading brands in travel, gift cards, merchandise, or entertainment. You can transfer points to select airline and hotel partners.
  • Annual Fee: $0

Maximizing the Value in the First 60 Days

0% APR for Purchases: 15 months

  • It’s not uncommon for a credit card to offer a 0% APR period for new purchases. What is unusual is for that period to be as long as 15 months. That’s what you receive with the Amex EveryDay® Card.
  • If you have a large purchase or purchases coming up, repaying those purchases over time without interest offers substantial savings, especially when credit card interest can exceed 20% APR.

0% APR for Balance Transfers: 15 months

  • A 0% APR period for balance transfers is a budget saver because you have the opportunity to pause any high-interest charges from other credit cards and transfer those balances to the Amex EveryDay® Card to enjoy no interest charges for 15 months!
  • A 15-month interest-free period is huge, but normally, you’d be paying a transfer fee of 3 to 5%. Not so with the Amex EveryDay® Card.

No Transfer Fees for the First 60 Days

  • Balances transferred within the first 60 days incur no transfer fees!

How Much Can You Save?

Transferring $10,000 in high-interest credit card debt and paying it off interest-free results in significant savings. Image courtesy of Greenpath.com.

Transferring high-interest credit card debt can result in significant savings. Your actual savings will vary because of the different methods used to calculate interest rates on credit cards, but any balance you can repay over time without incurring interest is pure savings.

Sign Up Bonus

  • Earn 10,000 Membership Rewards Points when you spend $1,000 in the first 90 days after card approval. Remember, purchases are not charged interest for 15 months after card opening.

Bottom Line: There’s huge value that can be derived from the Amex EveryDay® Card from American Express in the first 60 days after you’re approved for the card. With some financial forethought and purchase planning, you can maximize these initial benefits and enjoy significant savings. 

Other Card Benefits

No Annual Fee

  • Save money on interest, receive a generous sign up bonus, and reap the benefits of the Amex EveryDay® Card without paying an annual fee on the card. Brilliant.

Amex Offers

  • Log in to your Amex account online and view your Amex Offers for additional savings opportunities. You’ll find offers such as $20 off a $100 Hilton gift card, 25% off your FedEx shipping bill, and many more offers, some of which can be quite lucrative.

 

Grocery shopping is no longer a chore when you’re earning 2 points for every dollar you spend on your Amex EveryDay® Card. Image courtesy of Shutterstock.com.

Earning Rewards

The ongoing benefits of the Amex EveryDay® Card include earning Membership Rewards Points on every purchase you make, plus incentives for using your card frequently.

Double Down at the Grocery Store

  • Earn 2 points for every dollar spent at U.S. supermarkets up to a maximum of $6,000 in purchases per year, then 1% after that.

It’s Your Go-to Card for Uber

  • Use your card for your Uber rides and receive 2 points per dollar spent.

Amex Travel Can be Rewarding

  • Book your travel though Amex Travel and earn 2 points per dollar spent.

A Sweet Incentive for Frequent Use

  • Boost your earnings quickly by using your card for 20 purchases in any single billing statement period and receive a 20% point bonus.

Every Purchase Earns Rewards

  • Earn 1 point per dollar on all other purchases.
Hawaiian Airlines Plane
Transferring your Membership Rewards Points to partner airlines can result in the best value for your points.  Image courtesy of hawaiianairlines.com.

Redemption Options that Rock

Membership Rewards Points are generally worth a penny a point when used for most redemptions. You can, however, increase that value when transferring points to partner airlines.

Here are the best options for using your Membership Rewards Points to gain a value of 1 cent per point or greater.

Transfer to Partner Airlines

Redeem for Travel

  • Redeem Membership Rewards Points for flights through American Express Travel at the rate of 1 cent per Membership Reward Point.

  • If you have a lot of extra Membership Rewards Points, you can easily donate to many different charities via the Members Give® program at the rate of 1 cent per point up to 500,000 points per year. The minimum donation is 1,000 points.

Gift Cards

  • Redemption values vary, so be sure to strive for nothing less than 1 cent per Membership Reward Point when redeeming your points for gift cards.

Other Redemption Options

There are several additional options for redeeming your Membership Rewards Points. However, the value you receive can be far less than 1 cent per point.

  • Transfer points to hotel partners
  • Statement credits
  • Purchases at Amazon or Best Buy
  • American Express Tickets
  • American Express Shopping Mall

Realize the best value for your Membership Rewards Points by reading our best ways to redeem Amex points article.

Bottom Line: While there are numerous ways to redeem your Membership Rewards Points, you’ll want to strive to receive a value of at least 1 cent per point or better. 

Additional Card Benefits, Protections, and Coverages

Added Benefits

  • Fraud protection
  • Amex mobile app
  • Pay It Plan It extended payment plan
  • Year-end summary

Travel Protections and Coverage

  • Auto rental collision damage waiver
  • Global assist hotline
  • Travel accident insurance
  • Roadside dispatch

Shopping Protections and Coverage

  • Purchase protection
  • Extended warranty protection
  • Return protection
  • ShopRunner membership

Final Thoughts

Remodeling your office or purchasing new appliances? If you have a large purchase or several purchases in your future that you want to pay off interest-free over time, the Amex EveryDay® Card offers a perfect solution.

You’ll also find huge value in the card if you’re carrying any high-interest credit card debt, as you can transfer it to the Amex EveryDay® Card and take 15 months to repay it without incurring interest charges. And you won’t be burdened with transfer fees (normally 3 to 5%) if you transfer balances within the first 60 days after card approval.

The bottom line on the no-annual-fee Amex EveryDay® Card from American Express is to get it for the savings you’ll realize during the 15 month 0% APR period and keep it for the ongoing everyday Membership Rewards Points earnings.

FAQ

Does the Amex Everyday Card charge foreign transaction fees?

Unfortunately, the Amex Everyday® Card does charge foreign transaction fees. You will incur a 2.7% fee for each foreign transaction.

The Amex Everyday® Card is not a good card for frequent travelers for this reason.

Is the Amex EveryDay Card hard to get approved for? What credit score is required?

You will need to have good credit or better to qualify for the Amex Everyday® Card.

Research shows that consumers with scores as low as 670 have been approved, but because other factors may be taken into consideration by the card issuer, a credit score of at least 700 is recommended before applying.

How does the 0% interest balance transfer work?

If you have credit card debt on which you're being charged a high interest rate, you can transfer that balance to your Amex Everyday® Card. For 15 months, you will not be charged interest on that amount. If you transfer the balance within the first 60 days after you are approved for your card, you will not incur any transfer fees.

The benefit of transferring your high-interest balances is that you can use the 15-month 0% APR period to pay off the debt interest-free. It's important to pay off the balance prior to the end of the 0% APR period so you don't incur interest charges when the period expires.

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The Amex EveryDay® Credit Card from American Express

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

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