Rating: ????? 5 Stars
Travel Rewards for Groceries and Gas
|Regular APR:||14.49 ? 24.49 (Variable)|
|Intro APR (Purchases):||0% for 15 months|
|Intro APR (Balance transfers):||0% for 15 months on transfers in first 60 days|
|Rewards Rate:||3x points at US supermarkets on up to $6,000 per year in purchases|
2X Points at US Gas Stations
1X Points on Other Purchases
|Credit Needed:||(670 ? 850) Good/Excellent|
|Card Brand:||American Express|
*See online credit card application for details on the terms and conditions.
- Click ?APPLY NOW? to apply online
- Earn 15,000 Membership Rewards? Points after you spend $1,000 in eligible purchases on the Card within your first 3 months of Card Membership
- 3X Points at US Supermarkets on up to $6,000 per year in purchases
- 2X Points at US Gas Stations
- 1X Points on Other Purchases
- Earn 50% Extra Points: Use your Card 30 or more times on purchases in a billing period and earn 50% extra points on those purchases less returns and credits
Is Amex EveryDay? Preferred Credit Card worth it?
Amex EveryDay? Preferred is a great card for people with a general mix of everyday expenses. Cardholders earn 3X Points at US Supermarkets on up to $6,000 per year in purchases, 2X Points at US Gas Stations, and 1X Points on Other Purchases.
The annual fee is $95 with Amex EveryDay? Preferred and $0 for Amex EveryDay?, and the difference comes in the rewards rate. Amex EveryDay? earns 2X rewards on supermarkets and 1X on other purchases and has a 20% bonus on Membership Rewards points if you use your card 20 times in a billing period. If you use your card a lot, you?ll want to go for the Preferred.
Amex EveryDay? Preferred not only earns 3X on supermarkets and 2X on gas, as mentioned, but it also earns 50% extra Membership Rewards points if you use your card 30 times in a billing period. This increases your rewards rate significantly to 4X Points on supermarkets and 3X points on gas.
Another nice benefit you get with Amex EveryDay? Preferred is that the points transfer at a 1:1 ratio to most American Express Membership Rewards partner airlines, including Air France, British Airways, Cathay Pacific, Delta, Etihad Airways, and more than 5 more. Not every rewards program grants a 1:1 ratio on so many travel partners, but Amex Membership Rewards and Chase Ultimate Rewards do.
Cardholders also get a nice hotel perk through the Amex Fine Hotels & Resorts (FHR) program, in which you can book Hyatt reservations for significantly more than one cent per point. American Express has a lowest hotel rates guarantee for amextravel.com hotels.
This means if you book a qualifying hotel rate on amextravel.com and pay for it, and then find the same room in the same hotel, for the same dates and for the same number of children and adults at a lower price online, they will refund you the difference. Note that there have been reports from consumers that it?s important to make sure you get credit by getting a screenshot of the amextravel.com price and the lower price at the same time. Amex members also earn an additional Membership Rewards point, for a 2X total rewards rate, when you book travel at amextravel.com.
With a $95 annual fee, it?s important to see how you would get more than $95 of value. Even if you spent just $100 per month on groceries, which is $100 x 3 points per $1 x 12 = 3600 points, $50 per month on gas, which is $50 x 2 points per $1 x 12, and $400 per month on other expenses, you would earn 9600 points, enough to cover the $95 annual fee in travel redemption, which is valuing Amex points conservatively at one cent per point. If you don?t think you?ll spend ($400 + $100 + $50) x 12 = $6600 per year, you will definitely want to opt for a no annual fee card. Or, if you don?t travel at all, you will want to get a card with 1 point per $1 cash back redemption.
Unfortunately, you cannot redeem rewards for statement credit in the traditional sense with Amex EveryDay? Preferred, instead you pay for eligible purchases with rewards, and you get 0.6 cents per point. Nonetheless, using points on amextravel.com for 1 cent per point or transferring to airline partners to get about 1 cent per point on partner airfare makes Amex EveryDay? Preferred a good travel card, considering the 50% points bonus and the opportunity to earn 4.5X on supermarkets and 3X on gas.
If you spend a lot on groceries and gas and like to travel, Amex EveryDay? Preferred is a great card for you.
- 3x points at US supermarkets on up to $6,000 per year in purchases
- Earn 15,000 Membership Rewards? Points after you use your new Card to make $1,000 in purchases in your first 3 months
- Cannot redeem rewards for statement credit, instead you apply rewards directly to pay for eligible purchases
Why 5 Stars?
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|Foreign Transaction Fee||3%|
|Balance Transfer Fee||Either $5 or 3% of the amount of each transfer, whichever is greater.|
|Cash Advance Fee||Either $10 or 5% of the amount of each cash advance, whichever is greater|
|$0 Fraud Liability|
|Auto Rental Collision Damage Waiver|
|Extended Warranty Program|
|Lost Luggage Reimbursement|
|Travel Accident Insurance|
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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