The Smart Investor has collected card information independently. Issuers did not provide the details, nor are they responsible for their accuracy. The review is not a recommendation, the actual rates/fees may be different.
American Express Everyday Card is a rewards card that has an emphasis on groceries spending. It offers an average spending rewards and sign-up bonus.
Card holders of the American Express EveryDay should focus their spending on groceries because this is where the card offers the best rewards.
It also has a unique feature in which there is no transfer fee for the first 60 days of opening the card and card holders can take advantage of the 0% APR introductory rate.
It’s also worth noting that American Express has recently stepped it up and has increased their footprint by adding 1.6 million places that now accept American Express.
American Express Everyday Card
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Here’s a summary of the main pros & cons (click to see explanation or scroll down):
American Express Everyday Card – Benefits
Let’s take a look at the benefits of the Everyday card and see if it’s the right one for your wallet or not.
American Express Everyday Card has a sign-up bonus that allows the cardholder to earn 10,000 points (about $100) after spending $1,000 within three months of opening the account.
American Express Everyday Card offers 1 point for every $1 spent. This Card shines with supermarket purchases – card holders earn 2 points for every dollar spent at a supermarket.
Card holders can earn 20% bonus points if they make 20 or more purchases on their card in a month.
With American Express Everyday Card you do not have a spending threshold to meet to offset an annual fee. You can start earning points immediately.
If you are looking to save money on interest, the American Express Everyday Card offers a 0% introductory rate for 15 months on balance transfers.
If you have a credit card that you are trying to pay down, you can transfer the account and pay no interest on the transfer for 15 months.
You can also charge up the card and pay no interest for 15 months on your purchases. This is great if you have a big purchase in mind and want to pay over time.
There are cards that offer longer time frames, but American Express Everyday Card is one of the longer introductory rates in the market.
One of the biggest benefits of the American Express Everyday Card is that there is no balance transfer fee for balances transferred in the first 60 days.
Most cards these days charge a balance transfer fee when the customer takes advantage of the 0% introductory rate.
Borrowers looking to pay down credit card debt can take advantage of this feature.
American Express Everyday Card has zero liability on unauthorized transactions. It has chip-enabled security and alerts for suspected transactions. American Express Everyday Card will also extend manufacturers’ warranties up to two years longer. They also have travel and purchase protections.
For example, you can get auto rental collision damage waiver and emergency card replacement. You also have access to 24/7 emergency help though their global assist hotline. They also offer roadside assistance and lost luggage reimbursement.
American Express Everyday Card – Drawbacks
Let’s take a look at the drawbacks of the QuicksilverOne Cash credit card and see if it’s the right one for your wallet or not.
The APR for the American Express Everyday Card is a 12.99% – 23.99% variable rate, which is on average a littler higher for a card that requires borrowers with good to excellent credit histories. Cash advance is 25.24%.
American Express Everyday Card has a 2.7% fee for each transaction in another country. If you are traveling outside of the US, you may want to leave this card at home.
Depending on how you use your rewards from American Express Everyday Card, they can vary from $0.01 per point for travel to $0.005 for merchandise
American Express is not as widely accepted as competitors like Visa and Mastercard.
As a result, there may be some merchants who do not accept the American Express Everyday Card.
Alternatives to American Express Everyday Card
There are other credit cards that do offer comparable cash back rewards – we’ve summarized the most popular cards which can use as an alternative to the American Express Everyday card:
American Express Blue Cash Preferred is a cashback card that offers rewards on similar purchase categories. The Blue Cash Preferred Card has a $300 cashback bonus after spending $1,000 in the first three months.
This card offers 6% cash back at grocery stores & streaming subscriptions, 3% cash back at gas stations & transit , and 1% cash back on all other purchases. The 6% cash back at grocery stores does have a $6,000 annual spending limit.
This card has an annual fee of $95 and comes with an 0% intro APR on purchases and balance transfers for 12 months, then a variable APR, 12.99% to 23.99%. This card is different in that it is cash back and not points that are earned on spending.
The Chase Freedom card offers a $200 sign-up bonus after only spending $500 in purchases after 3 months. That is a low spending threshold to receive a sign-up bonus. The Chase Freedom card has 1% cashback on all purchases and 0% intro APR for 15 months from account opening on purchases.
This card also has revolving cashback bonuses that offer 5% on rotating categories. These categories change once a quarter but can increase your cash back if the consumer pays attention to their spending. It does have a cap of $1,500 on the bonus spending category.
The Freedom card does not come with an annual fee.
The Discover It Cash Back credit card is a great option for someone who wants access to 5% cash back rewards on rotating spending categories each quarter and unlimited 1% cash back on all other purchases.
It also offers 14 months 0% APR intro period on purchases and balance transfers for giving you time to pay off your balance without interest. Then 11.99% to 22.99% Standard Variable Purchase APR and 5% balance transfer fee.
The discover cash back card does not come with an annual fee.
Is the American Express Everyday Card Right for You?
American Express Everyday Card offers average rewards and bonuses for cardholders. The biggest advantage of the American Express EveryDay card is the introductory rate of 0.0% APR with no transfer fee.
Those who are wanting to pay down their credit card debt can open up an American Express EveryDay card and transfer their balance without a fee and help them pay down that debt.
The average rewards that this card offers can be increased if card holders make over 20 purchases in a month – This can juice the rewards up to 20%.
For consumers looking for a strong rewards card there are other cards out there that offer better points or cashback rewards – but you’ll probably have to pay $50-100 annuel fee. This card is good for consumers who frequent grocery stores and spend over $100 a week there.
Card holders should make sure that they make over 20 purchases a month with this card or their rewards will be average compared to other rewards cards.