Ever thought of getting a promotional 0% APR offer and the high membership reward earning card, then you must check out the Amex Everyday preferred credit card.
This card can get you more membership reward points even on your everyday spend.
If you primarily use the card on groceries, gas, and travel bookings, the American Express preferred credit card will get you more reward points with all these categories.
The Amex every day preferred Credit has a $95 annual fee which you might have considered avoiding by applying for a fee-free Amex EveryDay Credit Card.
However, the Preferred upgrade has a better welcome bonus offer and higher reward earning benefit which will certainly insist you going for the preferred card instead.
| Pro’s | Con’s |
|---|---|
| 0% Promotional APR | Annual Membership fee |
| U.S gas and U.S. supermarkets reward Category | Foreign Transaction Fee |
| Bonus Reward Points | No Balance transfer offer |
| Reward redemption option |
Amex everyday preferred card Overview
If you are looking to apply for a card with no membership fee or cash reward benefit, this card might night not be suitable for you. Else, The Amex EveryDay Preferred Credit Card from American Express is worth applying for.
The Amex EveryDay Preferred credit card helps you earn the bonus points on your everyday spend along with the regular reward bonus points.
The prime reward category to get membership reward points is U.S. supermarkets, Gas Station, and on Amex Travel website.
The name of the card itself says a lot about the card. You can make it as your preferred card and can earn 50% bonus points if you make 30 or more charges on the card.
This means you can get 4.5 reward points for every $1 to spend on Super Market. 3.5 points on Gas station and 1.5 points on everyday spend.
Prime Features
- 15000 Welcome Bonus points
- Membership Reward
- Bonus Points
- Promotional 0% APR for 12 months.
- Car Rental Loss and Damage Insurance
- Return Protection
- Dispute Resolution
Welcome Bonus
Currently, the American Express Everyday Preferred card has a welcome bonus offer to earn 15000 bonus points after you spend $1,000 or above within 3 months of card approval.
You also get a promotional 0% APR offer on the account for a year and after that, the APR may vary from 12.99% to 22.99% depending on your credit history.
The bonus offer is not high when we compare the cards in the market. The value of welcome bonus points would be high if you use them for travel purchases on the travel website.
However, the point value could be much lower if you put them toward non-travel options If you use the welcome bonus points to pay the charges on the card, the value would be $90 as a statement credit.
Amex everyday preferred card fee Overview
- Annual Membership fee Fee: $95
- Foreign Transaction Fee: 2.7%
- Add an additional member: None
- Returned Payment Fee: $29
- Late Payment Fee: Up to $40
- Penalty APR: 29.99% variable
- Cash Advance APR: 27.24% variable
- Cash Advance Fee: $10 or 5% of the transfer amount, whichever is greater
- Overlimit Fee: None
Points Earning
- 3x points per $1 at U.S. supermarkets with a $6000 cap.
- 2x points per $1 at U.S. gas stations
- 2x points per $1 on eligible on amextravel.com
- 1x point per $1 on all other eligible charges.
U.S. supermarkets
You can earn 3 points per dollar spent at U.S. supermarkets, on up to $6,000 per year. After that, you get 1x point and the limit is reset each calendar year.
Amex EveryDay Preferred Credit Card helps you earn 3x points at Super Markets. Although there is a capping of $6000 to earn 3x points.
You can earn upto 27000 reward points when we include the 50% bonus points and that equals $162 cashback if you use the points to pay the charges on the card itself. It makes the annual membership fee of $95 worth paying.
U.S. gas stations
You can take advantage of another category of reward on the card which is Gas Station which works similar to the benefit on the Blue Cash Everyday card. You can earn 2x reward points on fuel charges on the card.
All you need is to put the Gas charges on this card and the 2x points will be added to your reward account automatically.
But we must ensure the transaction is with a merchant who does the primary business as a Gas station. They might be selling other goods and could provide the services but their prime business should be a Gas station.
Gulf, Exxon, Mobil, Hess, and Shell are few examples of merchants who accept the American Express preferred credit card and can get you 2x points.
50% Bonus Membership Points
If you use the Amex EveryDay Preferred Credit Card once a day, you improve your chance to earn more reward points. All you have to do is to make 30 or more charges on your card in a billing cycle, you’ll earn 50% more points.
The bonus points are also issued along with regular reward points within 1-3 days after you pay the minimum due balance.
So, overall the 50% bonus point feature makes this card more useful and can be considered to apply for even after paying the membership fee.
Reward Redemption option
As you earn the membership reward points and not cashback, you have a lot of options available to use the points. You can use it to pay the charges on the account, can use for travel booking, Gift cards, and merchandise.
The best option is to transfer your points to your partner account. You can transfer your membership reward points to 22 Airline and Hotel partners like Delta, Hilton, ANA, Marriott, and Air Canada.
The airline partners also include at least one option which would be useful with all major airlines. So you could book a flight with Anyairline using your reward points.
As Amex also keeps on running the bonus offers, you can get upto 35% bonus points on the Airline transfer of membership reward. You just need to keep an eye on any such running offer.
If you still miss out on all the opportunities to transfer the points to a Partner Airline, you can go to the Amex-owned travel website and can redeem the points there and you can easily get the value of $10 for every 1000 reward points.
Conclusion
After reviewing all the benefits, we have come to the conclusion that The Amex Everyday Preferred credit card is the one you wish to apply for when you use the card primarily for everyday spend like at the U.S. supermarket and U.S. gas station purchases.
Additionally, the 50% bonus points on this card make it more appealing to go for as an average 30 spend on the card is a cup of cake to meet.
However considering the spending cap of $6,000 3X U.S. supermarket purchases, 2.7 percent foreign transaction fee and less value of membership points except for the travel redemption are few points which we should keep in consideration.
And these points may take us in a different direction and to check other cards like Blue Cash Preferred card which could be better in terms of reward using which you can earn the cashback directly.
