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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.
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.
Welcome Bonus
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.
Tip: Looking for a better welcome bonus? Check out the best credit card offers. Or perhaps you’re looking for a low APR. In that case, check out the best balance transfer credit cards.
Earn Membership Rewards Points
Every purchase earns American Express Membership Rewards points. These are some of the most valuable credit card reward 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
- AeroMexico
- Aeroplan
- Air France KLM
- Alitalia
- ANA
- Asia Miles
- Avianca
- British Airways
- Delta Air Lines
- El Al
- Emirates
- Etihad
- Hawaiian Airlines
- Iberia
- JetBlue
- Qantas
- 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.
Fees
The Amex Everyday never charges an annual fee. However, there is a 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.
Pros
- 20% bonus points with at least 20+ card purchases per month
- Earn 2x Membership Rewards at U.S. supermarkets (on the first $6,000 per year)
- Can transfer points to airline and hotel partners
- No annual fee
Cons
- The only bonus category is U.S. supermarkets
- Points are worth less than 1 cent each for cash rewards
- It may not be worth it if you don’t make at least 20 monthly card purchases
- Foreign transaction fee
Summary of Amex Everyday Review
If you want to earn 20% more on 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.
For rates and fees of The Amex EveryDay® Credit Card, please click here.
