Rating: 5 Stars
Bottom Line:
Pay Off Debt with No Fee
Card Details
| Regular APR: | 14.49% – 25.49% (Variable) |
| Intro APR (Purchases): | 0% for 15 months |
| Intro APR (Balance transfers): | 0% for 15 months on transfers in first 60 days |
| Rewards Rate: | 2x points at US supermarkets on up to $6,000 per year in purchases 1X Membership Rewards point for every eligible dollar you spend |
| Credit Needed: | (670 – 850) Good/Excellent |
| Annual Fee: | None |
| Card Brand: | American Express |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Earn 10,000 Membership Rewards Points after you use your new Card to make $1,000 in purchases in your first 3 months
- Use your Card 20 or more times on purchases in a billing period and earn 20% extra points on those purchases less returns and credits
- 2x points at US supermarkets on up to $6,000 per year in purchases
- Earn 1X Membership Rewards point for every eligible dollar you spend
- 0% intro APR on purchases for 15 months
- 0% Intro APR on balance transfers for 15 months for transfers in first 60 days
Is Amex EveryDay Credit Card worth it?
Amex EveryDay is an excellent card for paying off debt, because it has 0% Intro APR on balance transfers for 15 months with no balance transfer fee. No balance transfer fee is very attractive, and rare. Note that there have been reports from consumers that the credit limit granted is low, typically $5000 or $1000. This is important, because that will be the maximum amount you could transfer onto this card.
On top of transferring all or even just part of your credit card debt, Amex EveryDay is also a solid rewards card for people who use a credit card to buy groceries. Cardholders earn 2x points at US supermarkets on up to $6,000 per year in purchases. If you hit the $6,000 limit in grocery purchases, you will have earned 12,000 points, worth about $120. $120 from maxing out the high rewards category is not great, but earning 2X rewards on top of no balance transfer fee is virtually unheard of.
You do earn 20% extra Membership Rewards points if you use your card 20 times in a billing period, which is a nice perk. Another nice benefit with Amex EveryDay 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. Unfortunately, you cannot redeem rewards for statement credit in the traditional sense, 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 a reasonably good travel card.
If you are looking to pay off debt and also would put your grocery expenses on this card, Amex EveryDay is a great card for you.
Pros
- 0% Intro APR on balance transfers for 15 months for transfers in first 60 days
- No balance transfer fee
- Earn 10,000 Membership Rewards Points after you use your new Card to make $1,000 in purchases in your first 3 months
- 2x points at US supermarkets on up to $6,000 per year in purchases
Cons
- Cannot redeem rewards for statement credit, instead you apply rewards directly to pay for eligible purchases
Why 5 Stars?
Regular APR
4 Stars
Intro APR
5 Stars
Fees
5 Stars
Perks
4 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | 2.7% |
| Balance Transfer Fee | None |
| Cash Advance Fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Penalty APR | 29.99% |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Baggage Insurance Plan |
| Extended Warranty Program |
| Lost Luggage Reimbursement |
| Purchase Protection |
| Return Protection |
| Roadside Assistance |
| Travel Accident Insurance |
| Travel Assistance |
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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