American Express EveryDay Preferred Review: Turn Everyday Purchases into High-Value Travel Rewards [2020]

Learn how you can earn valuable travel rewards on purchases you make every day with this Amex EveryDay Preferred review.
Last updated Jul 2, 2020 | By Ben Walker

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If you love saving money on travel expenses, using a travel rewards credit card regularly could help you get some deep discounts on upcoming trips. With the Amex EveryDay Preferred, you can earn valuable Amex Membership Rewards points from your everyday purchases. Then, it’s simply a matter of redeeming your points toward travel.

This Amex EveryDay Preferred review will help you decide if this card is a good fit for you.

Extraordinary Rewards for Ordinary Spending

Amex EveryDay Preferred Credit Card

Amex EveryDay Preferred Credit Card

Amex EveryDay Preferred Credit Card

Benefits

  • 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
  • Terms apply

Drawbacks

  • Foreign transaction fee
  • Cap on bonus points

In this American Express EveryDay Preferred credit card review:

Who should get the Amex EveryDay Preferred Card?

The Amex EveryDay Preferred Card is considered a travel card, so it’s a good option if you're interested in travel rewards. Although there is no strict rule that you have to redeem your points for travel, in most cases, travel redemptions will offer you the best value with this card.

With Amex EveryDay Preferred, you can earn 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. Because most people make frequent purchases at supermarkets and gas stations, this can be a great card to add to your wallet.

Card basics

Card type Travel
Credit card issuer American Express
Annual fee $95
Welcome bonus Earn 15,000 points after spending $1,000 in the first 3 months
Reward rate Up to 3X points per dollar
Recommended credit score Excellent, Good
Foreign transaction fee 2.7%

Amex EveryDay Preferred Card benefits and perks

The Amex EveryDay Preferred comes with many benefits that help offset the cost of the annual fee, including:

  • A generous welcome bonus: You can earn 15,000 points after spending $1,000 in the first 3 months of account opening. Membership Rewards points can be redeemed for cash back, gift cards, travel, and more.
  • Amazing earnings on everyday purchases: Earn 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. Those grocery store rewards can certainly add up.
  • Membership Rewards program: Membership Rewards points offer a variety of redemption methods, from travel to statement credits to shopping. Plus, you can transfer them to many different airline and hotel loyalty programs such as JetBlue, Emirates, Delta Air Lines, Hilton Honors, and Marriott Bonvoy.
  • Amex Travel bonus earnings: When you book travel using your eligible card on Amex Travel, you’ll earn 2X Membership Rewards points per dollar spent.
  • 50% extra points offer: If you use your eligible card 30 or more times on purchases in a single billing period, you’ll earn 50% extra points on those purchases.
  • Car rental insurance: Use your eligible card to pay in full for a rental car and decline the rental company’s collision damage waiver to receive secondary car rental loss and damage insurance through your credit card.
  • Return protection: Purchases made with your eligible card may be returned to American Express (if the seller won’t take them back) up to 90 days from the date of purchase. You can receive up to $300 per item, up to a maximum of $1,000 per calendar year per card account.
  • Complimentary ShopRunner: Receive complimentary ShopRunner membership, which allows for free two-day shipping on eligible items at more than 100 online stores.

Drawbacks to the Amex EveryDay Preferred Card

  • Annual fee: The Amex EveryDay Preferred has a $95 annual fee, which can make this card less desirable if you can’t offset the cost. However, if you make enough purchases in the bonus categories, the cost should be easily offset.
  • Foreign transaction fee: It’s billed as a travel credit card, but the Amex EveryDay Preferred does have a foreign transaction fee. It can be great for earning travel rewards, but wouldn’t be the best choice to make purchases abroad.
  • No premium benefits: For high-end benefits, you’ll have to look into premium travel cards like the Chase Sapphire Reserve or the Platinum Card from American Express. They come with higher annual fees, but grant Priority Pass lounge access and travel insurance.

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 Preferred. 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 and in which categories you spend.

Year one earnings: $581

Year two earnings: $431

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

Best ways to earn

The best way to earn points with the Amex EveryDay Preferred is through everyday purchases at U.S. supermarkets (up to $6,000 in purchases per year). These purchases will earn you a generous 3X points. Purchases at U.S. gas stations and AmexTravel.com also earn a respectable 2X points per $1 spent.

To earn even more points, you should always try to use your card at least 30 times per billing cycle. This will qualify you for the 50% extra points offer on all purchases during the billing cycle.

Categories Rewards rate
U.S. supermarkets (up to $6,000 in purchases per year) 3X
U.S. gas stations and AmexTravel.com 2X
Everything else 1X

Maximizing your redemptions

You can redeem your Amex Membership Rewards points in many ways, but the best redemptions are often for travel. When you redeem your points toward flights on Amex Travel, your points are worth 1 cent each. That means 15,000 points would be worth $150 toward flights.

Keep in mind that you may get even more value from points if you transfer them to airline and/or hotel partners.

Amex EveryDay Preferred transfer partners

Amex EveryDay Preferred cardholders have the option to transfer their Membership Rewards points to more than 20 airline and hotel loyalty programs. The majority of these Amex transfer partners allow for a 1:1 transfer of Membership Rewards points, but the value can vary.

Amex airline travel partners:

Amex hotel transfer partners:

Amex EveryDay Preferred FAQs

Is the Amex EveryDay Preferred worth it?

The Amex EveryDay Preferred is worth it if you spend enough money in the bonus categories to earn rewards and offset the cost of the $95 annual fee. It’s a great card to use on everyday purchases, but it may not be as worth it if you aren’t interested in redeeming points for travel.

What credit score is needed for the Amex EveryDay Preferred card?

You will most likely need a good or excellent credit score to qualify for the Amex EveryDay Preferred card. A good FICO score starts at 670 and an excellent score starts at 800. These aren’t official rules, though, and your approval is ultimately determined by American Express.

Which is the best American Express card?

The best American Express card is the one that best fits your needs and spending habits. If you want a card that earns a flat rate on every purchase, you might consider the American Express Cash Magnet Card. For a premium travel card, the Platinum Card from American Express is one of the best. For a combination of the two, the Amex EveryDay Preferred could fit the bill.

What’s the difference between the Amex EveryDay and EveryDay Preferred cards?

The Amex EveryDay Credit Card has no annual fee. The Amex EveryDay Preferred has a $95 annual fee, but there are more bonus categories and the earnings rate is higher.

Is Amex Blue Cash better than Amex EveryDay?

The Blue Cash Preferred Credit Card from American Express is better if you’re interested in earning cash back instead of Membership Rewards points. Cash back is the only redemption option on this card, but both the Amex EveryDay and Amex EveryDay Preferred cards offer redemption options on travel, cash back, gift cards, and more.

Other cards to consider

The Amex EveryDay Preferred is a great mid-tier travel credit card for someone who wants to earn travel rewards on everyday purchases. If you think the annual fee is too much, you might consider the similar Amex EveryDay Credit Card. This credit card offers no annual fee, but still provides an excellent earning rate on everyday purchases.

For a travel card with premium perks and benefits, the Chase Sapphire Preferred would be an optimal choice. It comes with airport lounge access, travel insurance, purchase protection, and access to Chase Ultimate Rewards transfer partners. With all its perks, it's easy to understand why it's one of the most popular travel rewards cards.

Extraordinary Rewards for Ordinary Spending

Amex EveryDay Preferred Credit Card

Amex EveryDay Preferred Credit Card

Amex EveryDay Preferred Credit Card

Special Offer

Earn 15,000 points after spending $1,000 in the first 3 months

See how these cards compare:

Chase Sapphire Preferred
Chase Sapphire Preferred
  • 80,000 point sign-up bonus
  • 5X points on select streaming services (up to $1,500) until September 30, 2020
  • 3X points with Instacart (up to $3,000), and at gas stations (up to $1,500) until September 30, 2020
  • 2X points on eligible dining and travel purchases
  • 25% more value when redeeming rewards for travel through Chase Ultimate Rewards
  • Premium travel protection benefits
Amex EveryDay Credit Card
Amex EveryDay Credit Card
  • 2X points at U.S. supermarkets
  • 20% point bonus when you use your card 20 times in a billing cycle
  • 0% intro APR on purchases for 15 months
  • Terms apply