American Express EveryDay Card Review: A Balance Transfer Card with Limited Rewards [2020]

The American Express EveryDay Card offers members a way to earn rewards and pay off existing debt, but does either perk compete with what other cards offer?
Last updated May 19, 2020 | By Kevin Payne

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A balance transfer allows you to move high interest credit card debt to a card with a 0% introductory APR, and gives you a set period to pay off your debt without incurring interest. The American Express EveryDay Card is a balance transfer credit card first and foremost, but it also falls into the rewards card category.

Is it possible for a credit card to offer both features at a level that makes it attractive in both categories? Maybe, but not when it comes to the Amex EveryDay Card. Although this card has its charm for those new to credit card rewards, it doesn’t offer enough to compete with many other entry-level rewards cards.

Here’s a closer look.

A balance transfer card that earns rewards

Amex EveryDay Credit Card

Amex EveryDay Credit Card

Amex EveryDay Credit Card

Benefits

  • 2X points at U.S. supermarkets
  • 0% intro APR on purchases and balance transfers
  • 20% point bonus when you use your card 20 times in a billing cycle
  • Terms apply

Drawbacks

  • Foreign transaction fee
  • Other cards may offer higher reward rates

In this American Express EveryDay Card review:

Who should get the Amex EveryDay Card?

The Amex EveryDay Card is for beginners who want to explore the world of travel rewards. Other credit cards may offer better welcome bonuses and earning power, but a solid no annual fee rewards credit card is a good introduction to earning and spending points and miles. Plus, the Amex Membership Rewards program is one of the best travel rewards programs around.

With its introductory 0% APR offer, the Amex EveryDay is also a good option for those looking to make a big purchase or transfer existing credit card debt and pay it off slowly over the next 15 months. Doing so in the first 60 days will help you avoid balance transfer fees, which often keep people from pursuing a balance transfer. If 15 months isn’t long enough, there are credit cards available that offer a longer introductory period.

Card basics

Card type Balance Transfer
Card issuer American Express
Annual fee $0
Welcome bonus Earn 10,000 Membership Rewards Points after making $1,000 in purchases in the first 3 months
Reward rate 2X points per dollar on the first $6,000 spent at U.S. supermarkets each year, and 1X on everything else
Intro APR 0% introductory APR on new purchases for 15 months

0% introductory APR on balance transfer for 15 months

Recommended credit score Excellent, Good
Foreign transaction fee 2.7%

Amex EveryDay Card benefits and perks

  • Generous welcome offer: New cardmembers earn 10,000 Membership Rewards points after spending $1,000 on their Amex EveryDay Card in the first 3 months from account opening.
  • Introductory APR offer: This credit card comes with a 0% introductory APR on balance transfers for the first 15 months. It also offers a 0% intro APR on new purchases for 15 months.
  • No balance transfer fees: Amex cardmembers don’t pay balance transfer fees on any transfers made in the first 60 days from account opening.
  • Extra points earning: Cardmembers who use their card 20 times or more on purchases during a billing period will earn 20% more points on those purchases.
  • Rental car insurance: Reserve and pay for a rental car with your Amex Everyday card, decline the rental company’s waiver, and you’re covered against damage and theft. There are some restrictions on vehicles and locations, but most car rentals around the world are covered.
  • Emergency assistance: Having the Amex EveryDay Card gives you access to Global Assist, a hotline for 24/7 emergency services when you need travel, legal, and medical assistance when traveling more than 100 miles from home.

Drawbacks to the Amex EveryDay Card

  • Average Intro APR terms: There are other credit cards on the market that offer longer 0% APR terms than the Amex EveryDay Card.
  • Foreign transaction fees: Although American Express is widely accepted around the world, the Amex EveryDay card isn’t the best choice to use when traveling because of its 2.7% foreign transaction fees on international purchases.
  • Bonus categories: Finding a balance transfer credit card that earns points is great, but its top-earning categories are limited to just 2X points at U.S. supermarkets (up to 6,000 per year).

Earning and redeeming Membership Rewards points

Potential earnings in years one and two

Here's a look at how your points can add up with the Amex EveryDay Card. To calculate these values, we used a point valuation of 1 cent.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $652

Year two earnings: $502

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at points earned via spending, the welcome bonus, and the annual fee.

Best ways to earn

The best way to earn Membership Rewards points quickly with the Amex EveryDay is by spending $1,000 in the first 3 months to earn the 10,000 point welcome bonus. You can also get 2X points per dollar on the first $6,000 spent at U.S. supermarkets each year, and 1X on everything else.

Despite the name, the Amex EveryDay Card is not ideal for everyday use because of its low earning potential. However, maximizing spending on groceries and via Amex Travel could lead to enough points to make the card worth carrying in your wallet. Also, if you use your card at least 20 times during a billing period, you’ll earn 20% more points on all of those purchases.

Categories Rewards rate
U.S. supermarkets (up to 6,000 per year) 2X
Everything else 1X

Maximizing your redemptions

As one of the premier rewards programs in the world, the American Express Membership Rewards program gives card members several options to redeem points. Options include:

  • Book rewards travel through Amex
  • Transfer points to travel partners
  • Gift cards
  • Shop at Amazon.com
  • Online shopping
  • Statement credits

Typically, you’ll get the most value from your Membership Rewards points when you use them for travel. You can often get the biggest bang for your buck when you redeem them with Amex transfer partners.

With this card, you also have the option to enroll in the Pay with Points program, which allows you to use Membership Rewards points to pay for eligible purchases. The minimum redemption allowed is 5,000 points.

American Express Membership Rewards transfer partners

The Amex EveryDay Card allows members the option to transfer points over to any of its 19 airline partners and three hotel partners. Most transfers can be made at a 1:1 rate, except AeroMexico Club Premier, El Al Matmid Frequent Flyer Club, JetBlue TrueBlue, and Hilton Honors.

Transfer Partner Minimum Transfer Transfer ratio
Aer Lingus AerClub 1,000 1:1
AeroMexico Club Premier 1,000 1:1.6
Air Canada Aeroplan 1,000 1:1
Air France/KLM Flying Blue 1,000 1:1
Alitalia MilleMiglia 1,000 1:1
All Nippon Airways (ANA) Mileage Club 1,000 1:1
Avianca LifeMiles 1,000 1:1
British Airways Avios 1,000 1:1
Cathay Pacific Asia Miles 1,000 1:1
Delta Air Lines SkyMiles 1,000 1:1
El Al Israel Airlines Matmid Frequent Flyer Club 1,000 50:1
Emirates Skywards Miles 1,000 1:1
Etihad Guest Miles 1,000 1:1
Hawaiian Airlines HawaiianMiles 1,000 1:1
Iberia Plus Avios 1,000 1:1
JetBlue TrueBlue 250 5:4
Qantas Frequent Flyer 500 1:1
Singapore Airlines KrisFlyer 1,000 1:1
Virgin Atlantic Flying Club 1,000 1:1
Choice Privileges 1,000 1:1
Hilton Honors 1,000 1:2
Marriott Bonvoy 1,000 1:1

American Express EveryDay FAQs

Is the Amex Everyday Card worth it?

The Amex EveryDay Card is a great starter card for travel rewards beginners or those looking to transfer existing a credit card balance without costly fees. More experienced credit card aficionados would likely be better off with more elite rewards credit cards, even if they carry an annual fee.

Is the Amex Everyday Card hard to get?

Applicants need a good to excellent credit score to qualify for the Amex EveryDay Card. FICO defines a good credit score as 670 to 739.

Can you carry a balance on the Amex Everyday Card?

Yes, the Amex EveryDay Card allows you to carry over a balance month to month. Carrying a balance over is subject to interest charges, though. Eligibility and APR are based on creditworthiness, along with other factors.

How much is 100,000 Amex points worth?

The value of 100,000 Membership Rewards points depends on which redemption option you choose. When shopping online at stores like Amazon or Walmart, 100,000 points are worth $700, $1,000 towards flights or upgrades when booked through American Express, and only $600 for statement credits.

Is Amex Everyday better than Blue Cash?

The Amex EveryDay Card and Blue Cash Everyday Card both offer the same Introductory APR offer. There are a couple of fundamental differences between the cards, though. Blue Cash Everyday is a cashback credit card. New Blue Cash Everyday cardholders can earn $150 cash back after spending $1,000 in the first 3 months.

Blue Cash Everyday also has more rewards earning potential through expanded bonus categories such as U.S. supermarkets, gas stations, and department stores. Because there’s no annual fee attached to either card, it's more about customer preference when choosing between the two.

Other cards to consider

If you’re an Amex fan and you’d like more rewards earning power, the American Express EveryDay Preferred Credit Card may be a better option than the Amex EveryDay Card. Although it has a $95 annual fee, you can earn 15,000 points after spending $1,000 in the first 3 months.

Earning points is also easier with the Amex Everyday Preferred. You can get 3X points at U.S. supermarkets on the first $6,000 in purchases per year, 2X at U.S. gas stations, and 1X on all other eligible purchases. Plus, it offers 50% more points when it's used 30 or more times in a billing cycle.

If you want to transfer over a balance, but 15 months isn’t long enough, the Citi Simplicity Card offers a 0% introductory period of 21 months for balance transfers. Although the Citi Simplicity doesn’t earn rewards, it does give you a longer period to pay off your debt.

A balance transfer card that earns rewards

Amex EveryDay Credit Card

Amex EveryDay Credit Card

Amex EveryDay Credit Card

Special Offer

Earn 10,000 Membership Rewards Points after making $1,000 in purchases in the first 3 months

See how these cards compare:

Amex EveryDay Preferred Credit Card
Amex EveryDay Preferred Credit Card
  • 50% point bonus when you use your card 30 times in a billing cycle
  • Bonus points at U.S. supermarkets and gas stations
  • 0% intro APR on purchases and balance transfers
  • Terms apply
Citi Simplicity Card
Citi Simplicity Card
  • 0% intro APR on balance transfers for 21 months
  • 0% intro APR on purchases for 12 months
  • FICO Credit Score monitoring
  • No late, penalty, or annual fees