Reviews American Express Everyday card review

American Express Everyday card review

Published: April 21, 2017
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Ratings Policy
No Annual Fee Rating:
3.3 rating
3.3 rating
3.3 / 5
Rewards Value: 3.3
Annual Percentage Rate: 2.6
Rewards Flexibility: 3.6
Features: 2.0

In a nutshell:

For cardholders who manage to put a lot of spend on the American Express Everyday credit card, the card offers a very high rewards rate for a no-annual-fee card, though there are cards that combine a better rewards rate and less hassle with no annual fee.

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Rewards Rate

  • 2:1 grocery store purchases ($6,000 limit on purchases per year)
  • 1:1 other purchases
  • 20% bonus when you make 20+ purchases in a month
  • Terms apply

Sign-up Bonus
10,000 points if you spend $1,000 in first 3 months (Terms apply)

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$268

APR
13.74-23.74% (See rates and fees)

Rewards Redemption
Pros

  • Points don’t expire
  • No blackout dates
  • Wide variety of redemption categories, including travel, gift cards, merchandise and entertainment
  • Redeem points for cash back (statement credits) on some purchases
  • Pay for travel with points + cash
  • Can transfer points at 1:1 ratio to 16 travel partners

Cons

  • $6,000 annual limit on grocery store bonus
  • Statement credits only apply to some purchase categories
  • Point transfers cost .06 cents/point

Other Notable Features: Car rental insurance, roadside assistance, extended warranty, return protection, purchase protection

Rewards Rating:
2.8 rating
2.8 rating
2.8 / 5
Rewards Value: 2.3
Annual Percentage Rate: 3.1
Rewards Flexibility: 3.6
Features: 2.0

In a nutshell:

If you pay close attention to your card usage, the American Express Everyday card can deliver a great bonus rate on grocery purchases, but there are many cards that offer better overall rewards for a lot less work.

Learn more about this card

Rewards Rate

  • 2:1 grocery store purchases ($6,000 limit on purchases per year)
  • 1:1 other purchases
  • 20% bonus when you make 20+ purchases in a month
  • Terms apply

Sign-up Bonus
10,000 points if you spend $1,000 in first 3 months (Terms apply)

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$268

APR
13.74-23.74% (See rates and fees)

Rewards Redemption
Pros

  • Points don’t expire
  • No blackout dates
  • Wide variety of redemption categories, including travel, gift cards, merchandise and entertainment
  • Redeem points for cash back (statement credits) on some purchases
  • Pay for travel with points + cash
  • Can transfer points at 1:1 ratio to 16 travel partners

Cons

  • $6,000 annual limit on grocery store bonus
  • Statement credits only apply to some purchase categories
  • Point transfers cost .06 cents/point

Other Notable Features: Car rental insurance, roadside assistance, extended warranty, return protection, purchase protection

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For shoppers who thrill at the opportunity to earn rewards on their grocery store purchases, American Express cards are some of the most coveted grocery cards in existence. While few cards without an annual fee can beat the 3 percent grocery bonus on American Express’s most popular grocery card – the Blue Cash Everyday card – the American Express Everyday card offers a good alternative for card members who prefer to collect American Express rewards points over cash back.

The American Express Everyday card offers a 2 percent bonus on grocery store purchases that gets a 20 percent boost anytime you make 20 purchases in a month. Essentially, you have the chance to earn a 2.4 percent bonus rate on groceries. For cardholders who rely on a single card for most of their purchases, this is a pretty good deal, since they can easily trigger the bonus.

However, if you are in the game of collecting American Express rewards points, you are likely juggling multiple cards at once, which makes the Everyday card trickier to manage. You need to use the card often, early in the month to get the most out of the card’s bonuses, all while trying to figure out which purchases you can apply the card to that don’t get in the way of your bonus earnings on your other cards. In other words, if you are planning to use this card to pool rewards points, you should be prepared to do some extra maintenance.

Solid rewards rate

For a no-annual-fee card, the American Express Everyday card offers a good rewards rate. The base rate is two points for grocery store purchases and one point on everything else. Once you exceed 20 purchases in a single month, a 20 percent bonus kicks in, boosting your rate to 2.4 points on groceries and 1.2 points on everything else. There are only a handful of no-fee cards that offer a better rewards rate. However, if you are purely searching for the highest rewards rate on a no-fee card, you can do better: Some no-fee cards offer a general rewards rate as high as 2 percent.

Great rewards for grocery purchases

The American Express Everyday card really shines as a grocery store card. The 2.4 percent rate that you can potentially earn on groceries is bested only by a handful of other cards, including the American Express Blue Cash Everyday and Preferred cards. However, it takes quite a bit of card usage to reap the full bonus on the American Express Everyday card and – unless you save all of your grocery shopping till later in the month – it may be difficult to put 20 purchases on your card early enough in the month to activate the bonus for most of your grocery purchases.

In the meantime, there are plenty of cards that can match the Everyday card’s 2 percent bonus rate on groceries, and many of these cards don’t put a cap on this bonus (the Everyday card limits the bonus rate to the first $6,000 in grocery purchases per year). Thus, the card only makes sense as a grocery card if you are able to modify your spending habits to get the most out of its rewards rate.

Mediocre bonus

The American Express Everyday card offers a 10,000-bonus to new cardholders who manage to spend $1,000 on the card in the first three months. While a $100 worth of points is a nice bonus for signing up for the card, there are a plethora of cards – including many no-fee cards – that offer much larger sign-up bonuses. On the plus side, the $1,000 spending requirement is very modest compared to the requirements for other sign-up bonuses.

Fairly flexible rewards program

The American Express Everyday card allows you to redeem rewards points on a wide variety of categories – including travel, merchandise, gift cards, entertainment and cash back (i.e., statement credits) – and does not impose restrictions, blackout dates or expiration dates on its rewards. Also, it is one of the few cards that allows you to transfer your points to travel partners at a 1:1 ratio.

The rewards program does have a couple of major drawbacks, however. One is the $6,000 limit on the bonus for grocery purchases, which is probably easily reached by many cardholders. The other problem is the extreme restrictiveness of the statement credit option. Unlike most point-based rewards cards, which usually allow you to apply statement credits to any purchase, and even sometimes allow you to deposit your cash back into a bank account, the American Express Everyday card only allows you to apply statement credits to purchases in some spending categories. Also, the value of points for cash back is low. While the average travel reward gives you 1 cent per point, you only get 6 cents per point for statement credits.

Point transfers offer the best value

Transferring points through the American Express Everyday card is a very good deal. American Express has a large number of travel partners, including several major airlines, that you can transfer points to at a high 1:1 ratio. While the average travel reward redeemed through the American Express rewards website gives you a value of 1 cent per point, you can get values much higher than 1 cent per point through some of these travel partners. The Everyday card is thus a good card to pair with other cards, if you are trying to collect airline rewards points.

Good purchase features

The American Express Everyday card comes with a smattering of standard travel and purchase protections, including car rental insurance, roadside assistance, extended warranty, purchase protection and return protection. While these features probably suffice for a card for grocery purchases, you can find better (and far more enticing) frills with a premium rewards card.

Why get it:

  • You are likely to use the card more than 20 times a month.
  • You spend a lot on grocery store purchases.
  • You are looking for a good grocery card to juggle with your other cards. (Note: You will probably have to put other kinds of spending on the card in order to qualify for the 20 percent bonus.)
  • You want to collect and pool American Express rewards points.
  • You want a no-annual-fee card that earns a high rewards rate.
  • You want to collect rewards points rather than cash back (since cash back has a lower value).

How to use it:

  • Spend at least $1,000 in the first three months to earn the 10,000 point sign-up bonus.
  • Since the sweet spot on this card comes once the 20 percent bonus rate kicks in, plan to use the card as often as possible early in the month.
  • Read the fine print in your card agreement to understand what counts as a separate purchase – sometimes retailers can lump your purchases together and submit them all as one purchase.
  • Since the bonus rate on groceries is high, this is a great grocery card to juggle with other rewards cards, but it requires some extra planning – you’ll need to figure out the best kinds of purchases to put on it early in the month to trigger the 20 percent bonus, while also maximizing your rewards earnings on your other cards.
  • Keep a backup grocery card to use once you reach this card’s $6,000 purchase limit on groceries.
  • Transfer your points to America Express airline partners to get the best value on your rewards points.

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