Review: Amex EveryDay Preferred Card

American Express has some huge premium cards like the American Express Centurian Card, also known as the Black Card, or its Platinum Card. But one of its best cards is the very modest Amex EveryDay Preferred Card. It has a modest annual fee — and a very modest initial bonus — but its day-to-day earning potential makes it one of the best cards for the, well, everyday consumer. 

Amex EveryDay Preferred Card

Amex EveryDay Preferred Card. Image Credit: courtesy of American Express.

Benefits:

  • 15,000 point bonus after spend of $1,000 in 3 months
  • 30,000 point bonus after spend of $2,000 in 3 months, POTENTIAL offer, if you have not previously been an Amex customer, or if you use incognito mode and empty the cache in your browser when applying
  • Earn 3x points (per dollar spent) at U.S. supermarkets (on up to $6,000 per year in purchases; thereafter, 1x)
  • Earn 2x points at U.S. gas stations and booking through AmexTravel
  • Earn 1x points on all other purchases
  • Use your card 30 or more times per month, and get an additional 50% bonus on points earned (4.5x at supermarkets, 3x at gas stations, 1.5 on all other purchases)
  • 0% introductory APR for the first 12 months
  • Access to Amex Offers, an promotional benefit linked with companies and brands that saves you money or earns you additional MR points
  • Transfer partner with numerous airline and hotel loyalty programs (generally, 1:1 ratio); points can also be transferred to the loyal programs of authorized users on the account
  • If cardholder(s) have other Amex cards earning MR points, the accounts are combined
  • Points can be used to pay off credit card charges, or for shopping at various vendors (at lesser value)
  • American Express card benefits (including free enrollment to ShopRunner)
  • Referral bonus of 5000 MR points, up to 55,000 points per calendar year

Damage:

  • $95 annual fee (no additional cost for authorized users)
  • Foreign transaction fee of 2.7%
  • 13.49% to 23.49% APR variable, based upon your creditworthiness
  • American Express typically limits cardholders to one initial spending bonus per card per lifetime

Analysis:

Because of its generous spending bonuses, this is the highest potential earning card for infrequent travelers. Put the cash and debit card away, and use this card for your everyday spend. For Hawaiian Airlines travelers, MR points are a 1:1 ratio transfer partner, meaning you can accelerate your Hawaiian Miles earning. MR points can also be transferred to partners such as KLM Flying Blue (coach round trip from Hawaii to the mainland for 30,000 Flying Blue miles via Delta Airlines; 35,000 miles on Hawaiian Airlines) and All Nippon Airways (coach round trip from Hawaii to Japan for 40,000 ANA miles (80,000 miles on Hawaiian).

American Express also offers the Amex EveryDay Card which comes with no annual fee and a 10,000 point bonus after $1,000 spend in 3 months (There may be an incognito offer of 25,000 points available). You can only earn 2x at U.S. supermarkets, however, and using your card 20 or more times in a month will get you a 20% bonus on points earned (2.4x at supermarkets, 1.2x on all other purchases).

Note: T and I can earn referral bonuses on these cards; contact us here if you’re interested in one of these cards (but, again, there may be better incognito offers available).

Questions, Comments or Criticisms?