March 19, 2018
Review: Amex EveryDay Preferred Credit Card
The Amex Everyday Preferred card is a great way to earn miles and points towards premium travel. This is like the older of the Amex Everyday card. The EveryDay card earns less points and and has a smaller sign-up bonus, but it’s free. The EveryDay Preferred card earns more points and has a larger sign-up bonus, but it was an annual fee. Let’s start by breaking down all the details of the EveryDay Preferred.
The Amex EveryDay Preferred comes with 15,000 Membership Rewards points after spending $1,000 in the first three months of account opening. It also comes with a 0% into APR on purchases and balance transfers for 12 months, then a variable APR between 14.24% to 24.24%.
The Amex EveryDay Preferred earns 3x Membership Rewards points per $1 at US supermarkets on up to $6,000 per year, 2x MR points per $1 at US gas stations, and 1x MR point per $1 on everything else.
You’ll earn a 50% bonus if you make 30+ purchases within a billing cycle. When you factor in the bonus, you’ll be earning 4.5x points per $1 at US supermarkets (on up to $6,000 per year), 3x points per $1 at US gas stations, and 1.5x point per $1 on everything else.
The point earning potential at supermarkets and gas stations is huge. The Amex EveryDay Preferred is the best way to earn MR points through supermarket spending and is very competitive with other cards which offer bonuses at gas stations. Even earning 1.5 points per $1 on non-bonus spending is terrific!
As I mentioned, the Amex EveryDay Preferred earns Membership Rewards points. This is important because MR points can be transferred to American Express’s 16 airline or three hotel partners. In addition to the above airlines, MR points can be transferred to the Choice Privileges, Hilton Honors, and SPG hotel programs.
Every airline & hotel program has its own benefits and sweet spots when it comes to booking awards. Here’s one example. You can transfer MR points to Virgin Atlantic Flying Club at a 1:1 ratio. Transfer 110,000 points to Virgin Atlantic, and then use those points to book a roundtrip flight between the West Coast and Japan in ANA First Class. Those flights typically sell for around $18,000.
Cardholders have access to American Express Offers. This targets specific promotions to cardholders like 20% Off Hilton Stays, bonus points for airline bookings, etc. The card also comes with travel accident insurance and secondary rental car insurance.
The Amex EveryDay Preferred has a $95 annual fee and does charge foreign transaction fees. That means it’s best to use it only in the United States.
Should You Get It?
The regular category bonuses are nice, but this card is much more valuable if you can make 30+ purchases a month to unlock the 50% bonus. That will get you the 4.5x points per $1 at US supermarkets, 3x points per $1 at US gas stations, and 1.5x point per $1 on everything else. Those are very appealing bonus amounts.
If you spend a lot at supermarkets and gas stations, this card can absolutely justify the $95 annual fee-assuming you can make 30+ purchases a month. Combine this with earning 5x MR points per $1 on airfare with the Platinum Card, and you have a powerful Membership Rewards points earning combination.