While American Express is an advertising partner of HustlerMoneyBlog, the opinions and beliefs in this article are the author’s alone and have not been reviewed, approved, or otherwise endorsed by the issuer.
The Amex EveryDay® Preferred Credit Card has an introductory offer of 15,000 Membership Rewards points after you spend $1,000 in qualifying purchases within the first three months of your card membership!
With the Amex EveryDay® Preferred Credit Card, you can earn 3X points supermarkets and 2X points at gas stations. Additionally, you can earn 50% extra points if you use your card 30 or more times on purchases in a billing period!
There is an annual fee of $95, however, there is a $0 intro annual fee for the first year.This card is good choice for everyday purchases t considering the rewards you can earn and the benefits that comes with it!
* You can also compare the Amex EveryDay Preferred Card with other credit card bonuses!
Table of Contents
- 1 Amex Everyday Preferred Card Summary
- 2 Editor’s Alternate Pick
- 3 Amex EveryDay Preferred Card 15,000 Bonus Points Offer
- 4 What are Membership Rewards Points Worth?
- 5 Membership Rewards Airline Partners
- 6 Membership Rewards Airline Partners
- 7 Amex EveryDay Preferred Card Monthly Bonus
- 8 Bottom Line
- 9 Who’s the Competition?
Amex Everyday Preferred Card Summary
|Bonus Available||Earn 15,000 bonus points after you make at least $1,000 in purchases within the first 3 months of account opening. Offers update often.|
|Ongoing Rewards/Benefits||3 points for every $1 spent at U.S. supermarkets (up to $6,000 per year in purchases), 2 points for every $1 spent at U.S. gas stations and 1 point for every $1 spent on all other purchases.
Use your card at least 30 times for purchases in 1 billing period and earn 50% extra points.
|Foreign Transaction Fees||2.7%|
- Welcome bonus
- Bonus categories
- Monthly bonus opportunity
- Transfer partners
- Annual fee
- Excellent credit needed to qualify
- Foreign transaction fees
Editor’s Alternate Pick
Learn more about this card here.
Amex EveryDay Preferred Card 15,000 Bonus Points Offer
The EveryDay Preferred card comes with a 15,000 Membership Rewards bonus points offer, our valuation puts these points around $300. In order to qualify, you need at least charge $1,000 to your card within the first three months of opening your account.
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
What are Membership Rewards Points Worth?
You points’ worth depends on how you use them, on average, one Membership Rewards point is worth up to an average $0.02. It’s considered a good value considering the average rewards cards is just $0.01 per point.
You have a variety of options on redeeming your Membership Rewards points, including:
|Travel via Amex or Expedia||$0.005 – $0.01 / point|
|Transfer to travel partners||Varies by partner|
|Statement credits||$0.006 / point|
|Merchandise||Varies by retailer|
|Unique experiences||Varies by venue|
|Gift cards||Varies by retailer|
The best way to use your Membership Rewards points is to transfer them to one of the 20+ travel partners. You can upgrade with your earned points for a higher-class flights from various airlines and routes. Or, premium rooms at higher tier hotels. See more info below.
Membership Rewards Airline Partners
|Aer Lingus||AeroMexico||Air Canada|
|Air France/ KLM||Alitalia||All Nippon Airways|
|Avianca||British Airways||Cathay Pacific|
|Delta Airlines||El Al Israel Airlines||Emirates|
|Etihad Airways||Hawaiian Airlines||Iberia|
|jetBlue Airways||Qantas||Singapore Airlines|
Membership Rewards Airline Partners
|Choice Privileges||Hilton Honors||Marriott Bonvoy|
Amex EveryDay Preferred Card Monthly Bonus
Similarly with the Amex EveryDay credit card, the Preferred version comes with a bonus if you make a certain number of purchases within a billing period. Earn 50% bonus points if you make 30 or more purchases during one statement cycle.
With the monthly bonus, you’re likely to earn:
- 4.5X points at supermarkets
- 3X points at gas stations
- 1.5X points everywhere else
All you have to do is make approximately one purchase with your credit card everyday. Just note that every month, you will need to be aware of this spending requirement!
The Amex EveryDay® Preferred Credit Card is a good everyday credit card. With the 50% monthly bonus, the earning rates are good. It’s worth the $95 annual fee if you maximize your points with ravel partners.
(Visit AmericanExpress.com to learn more about this card.)
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
Who’s the Competition?
Similar Annual Fees
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®!
You'll earn 2X points on travel and dining at restaurants worldwide; 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
The Capital One® SavorSM Cash Rewards Credit Card offers a one-time $300 cash bonus after spending $3000 on purchases within the first 3 months from account opening.
You'll earn an unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Capital One cardholders get access to premium experiences in dining, entertainment and more.
This card does carry a $95 annual fee, however, there is a $0 intro annual fee for the first year.