Best American Express Card for Excellent Credit
- Perfect for frequent spenders
- No annual fee
- Bonus for new users
The more you spend, the more you earn. Score double points at grocery stores, which is awesome since you don’t have to be a luxury spender to benefit from this card.
No major complaints about this card. However, the bonus offer for new members isn’t as impressive as the deals that other cards offer.
Application Process: Apply online and get an instant response. Sometimes it takes 7 to 10 days if an underwriter has to personally review your app.
Bonus Offers: New members get 15,000 Membership Rewards Points for spending $1,000 in the first 3 months. This is a totally attainable goal, even if you just put everyday purchases like food and gasoline on your card.
Rewards: You can do quite a bit with the points you accumulate on this card. Trade them in for gift cards or merchandise, use them to pay for purchases, or redeem them for travel-related perks. You can also transfer your points to eligible frequent traveler programs.
You earn 2 points per dollar for grocery store purchases and 1 point per dollar at other qualifying businesses. Grocery rewards are capped after your first $6,000 in purchases, but there's no limit for other points. You can earn 20% more points by making at least 20 purchases per billing cycle.
APR: Enjoy a 0% APR for the first 15 months, regardless of whether you purchase new goods and services or pay off a transferred balance. After that, you’ll have a variable APR of 14.74% to 25.74%. Cash advances have a 26.99% APR, and there’s a 29.99% penalty APR (so pay your bill on time!).
Annual Fee: Our favorite number: Zero! And it’s always $0, not just for the first year.
Tired of restrictions on when and where you earn rewards with your current credit card? The American Express EveryDay card, often referred to as the Amex EveryDay card, tackles that common complaint.
You can use it anywhere that accepts American Express cards, and Amex-friendly retailers are rapidly increasing. In 2017, more than 1.5 million new merchants began accepting American Express payments, and acceptance has continued to increase in 2018. With growth like that, there’s an excellent chance your favorite restaurants and retailers will accept Amex cards soon -- if they don’t already.
AMERICAN EXPRESS EVERYDAY CREDIT CARD REVIEW
The Amex EveryDay card lives up to its moniker. After all, few cards reward everyday spenders as well as this popular piece of plastic.
Sure, you can earn higher-value rewards with other American Express cards, like the Starwood Preferred Guest card or the Hilton Honors Ascend card, but you’re limited to specific purchase categories or redemption options. That’s why many people choose the Amex EveryDay card over hotel cards and airline cards.
This card is also a great choice if you want to transfer your balance from another card. The Amex EveryDay card boasts a 0% introductory APR for the first 15 months, and this promotional rate covers balance transfers as well as new purchases.
AMERICAN EXPRESS EVERYDAY CREDIT CARD REWARDS AND PERKS
American Express gives you plenty of flexibility when it comes to redemption options for the EveryDay card. You can redeem rewards for merchandise or gift cards, or you can shop with reward points, use points for travel rewards, or transfer points to participating travel rewards programs. More than 500 brands participate in the Membership Rewards Program, so it’s easy to find something worthy of your points.
Points accumulate at a rate of 2 points per dollar at U.S. supermarkets and 1 point per dollar at other retailers. There’s a limit of $6,000 per year for supermarket purchases, but you can earn unlimited points for other purchases. There’s also a 20% point bonus for qualifying purchases if you use your card at least 20 times per billing cycle.
Want to rack up points quickly? Spend at least $1,000 during your first 3 months as a cardholder to score 15,000 Membership Rewards Points.
AMERICAN EXPRESS EVERYDAY CREDIT CARD BENEFITS
American Express is known for treating its cardholders well, so it’s not surprising that the Amex EveryDay offers numerous perks. There are basic perks, like the Roadside Assistance Hotline and fraud protection, that even prepaid debit cards from American Express have access to, as well as the following benefits:
- Extended warranty coverage
- Payment flexibility (you can carry a balance, which isn’t something every American Express card offers)
- Travel accident insurance
- Rental car insurance
- Purchase Protection when theft and/or an accident occurs for an item bought with this credit card
- Access to special discounts just for American Express cardholders
- Free 2-day shipping from ShopRunner stores
These benefits may not seem too impressive when you compare them with cards that offer travel perks, but keep in mind this is a card for everyday use.
AMERICAN EXPRESS EVERYDAY CREDIT CARD COSTS AND FEES
Many people hate cards with an annual fee. Lucky for you, the Amex EveryDay doesn’t charge one. Ever.
There are other fees, though. Let’s run through them:
- Foreign transaction fee of 2.7% of each transaction after converting it to U.S. dollars
- Up to $38 for late payments
- Up to $38 for returned payments
- Either $5 or 3% of the amount of each cash advance, whichever is greater
In addition to the the fee referenced above, cash advances also carry a variable APR of 26.99%. The variable APR for purchases and balance transfers ranges from 14.74% to 25.74%, and it’s based on your credit history. There’s a penalty APR of 29.99%, so be careful not to miss payment due dates.
Take advantage of the introductory APR for purchases and balance transfers. It’s 0% for purchases made during the first 15 months you have the card. There’s also a 0% APR for balance transfers during the first 15 months, but you have to transfer your balances during your first 60 days as a cardholder.
DOES THE AMERICAN EXPRESS EVERYDAY CREDIT CARD MAKE SENSE FOR ME?
Yes, if you have a stable credit history and want to get rewarded for everyday purchases like groceries, gas, and utilities. The Amex EveryDay is not the right card for you if you have bad credit or prefer a card with high-value rewards for hotels or airlines.
Keep in mind that this is a credit card, not a charge card. American Express offers several charge cards that require you to pay your balance in full each month. You can carry a balance with the Amex EveryDay if you want, and the card offers a practical Pay It/Plan It feature that lets you decide how to handle your payments.
If you know you want an American Express card but aren’t 100% sure you want the Amex EveryDay, check out our list of the best American Express cards. You might find another card that makes more sense for your spending needs.
Variable APR14.74% - 25.74%
Cash Advance APR26.99%
Intro APR0% on Purchases and Balance Transfers for 15 months
Bonus OffersEarn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months. Terms apply.
- Rated #6 in 6 Best Credit Cards for Excellent Credit
- Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
- Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.
- $0 balance transfer fee. Balance transfers must be requested within 60 days from account opening.
- No annual fee.
- 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases.
- Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits.
- Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
- Terms Apply.