Amex Everyday Credit Card Review: Perfect For Daily Use?
Credit cards have become an increasingly important part of our daily lives. These financial tools provide us with added liquidity and open the doors to additional financial opportunities.
With more people applying for credit cards each day, providers have found themselves competing to attract new customers. This has resulted in credit cards providing its users with additional benefits and rewards for their loyalty. The result is new ways for you to gain financial advantages by using a product you would have used anyway.
Here at Turbo Wallet, we have a mission: To help you improve your financial lives every day. Today we will continue this mission with this Amex Everyday credit card review.
In this review, we will take a look at these cards’ main features, benefits, rewards, and rates. Hopefully, you will be able to figure out if the Amex Everyday is the right credit card for you. Let’s get started!
What Is The Amex Everyday Credit Card?
American Express is one of the biggest credit card providers in the world. Having been around since 1850, 15% of all American adults have one of this company’s credit cards. This popularity has allowed Amex to increasingly offer more benefits to its customers, with the Amex Everyday credit card being the result.
As you will see in the Amex Everyday credit card review, this card is one of the most popular products offered by the financial giant. This is despite more than ten alternatives being offered on Amex’s official website.
With no annual fees and competitive rewards, the Amex Everyday credit card is intended to be used… Well, every day. This is because the more you use it, the better the rewards you will receive!
The Amex Everyday credit card also brings with it some sweet one-time offers and additional benefits during your first months with the card. If you are looking for a credit card that doesn’t overcomplicate earning rewards, this might be the card for you.
The best thing about this credit card is that you can easily apply for it, try it, and choose to keep it (or not). We will explain why in a later section of this Amex Everyday credit card review, so make sure to keep reading!
What Rewards Does The Amex Everyday Credit Card Offers?
Membership Rewards From American Express
The Amex Everyday credit card works by offering its users points for every purchase they make with it. This method is the same one used by other American Express cards: You get one point for every dollar spent with the card. At least in theory, as there are several ways to earn more than 1 point per dollar.
The points you earn on your purchases are called “Membership Rewards from American Express.” These points are transferable points that you can redeem in a variety of ways. Redemption can be done using different methods such as Amazon, gift cards, and even Amex Travel trips.
As you can see, the idea is simple: You use the credit card and get to redeem rewards. The standard reward rate is 1 point per dollar you spend.
Now, as we mentioned earlier in this section, there are several ways to earn more points. As the objective of this Amex Everyday credit card review is for you to make the best out of the card, let’s take a look at them.
Some of the ways you can earn more points are:
- Earn 10,000 points when you spend $1,000 on qualifying purchases on the card within your first 3 months of acquiring the card. This is a one-time offer, which means you won’t be able to spend $2,000 to earn 20,000 points. Make sure to keep that in mind.
- Earn double points by paying at U.S. supermarkets with your Amex Everyday Credit card. This offer applies up to $6,000 per year on grocery purchases, with the standard 1 point per dollar applying afterward.
- Earn double points when you use your card to book travel through AmexTravel.com. This is a great benefit for frequent travelers!
- Using your card more than 20 times in a billing period will result in earning 20% more points. This is why the card is called Amex Everyday!
Now, you can use these points in a variety of ways. For example, you can redeem points to purchase items and tickets from Amex’s exclusive catalog.
You can also use the points to pay for eligible charges you incur when using your card, as well as to partially or completely pay for purchases. If you choose not to redeem the points, you can also opt to transfer them to a frequent traveler program!
As you can see, the Amex Everyday credit card has developed a pretty comprehensive point program. This makes it extremely easy to understand and take advantage of! Are you convinced?
If so, you can head out to Amex’s website and start earning points today. That’s right! The approval process is instantaneous, allowing you to use it immediately. If you are still unsure, don’t worry. There are more benefits we still need to discuss in a later section.
What Are The Financial Considerations Of The Amex Everyday Credit Card?
We understand that for a credit card to be worth it, the benefits must outweigh the costs. Now that we have mentioned the reward program, let’s talk about the financial aspects of the Amex Everyday credit card.
The American Express Everyday card offers a 0% introductory APR. This means that during the first 15 months, you will not be paying any interest! After the 15 months, a variable APR between 12.99% and 23.99% will apply. This percentage will depend on your credit score, but it is pretty competitive even in the “worst-case scenario.”
Now, this card will never result in you paying an annual fee. That’s right; you get all of the benefits we have mentioned in this Amex Everyday credit card review with no annual fee.
Remember we said there was no harm in trying the card? You should now be able to see what we were referring to. No APR during the first 15 months and no annual fee means you can try it without risk. All while benefiting from it!
Balance Transfer Fee
Similarly, the balance transfer fee is $0. This means this card is great to consolidate your credit, a strategy that is becoming more common.
Cash Advance Fee
Let’s now talk about the fees that you will actually have to consider. There is a cash advance fee of $10 or 5% of the amount of each cash advance, whichever is greater. Of course, this is only charged if you request a cash advance.
International Transaction Fee
In a similar manner, there is a 2.7% fee on transactions performed out of the United States. This is calculated once the conversion to U.S. dollars has been done.
As you can see, the Amex Everyday credit card’s fee structure is pretty straightforward and advantageous. This means it is not unusual for people to apply for the card, try it, and totally fall in love with it. While the APR after the first 15 months is not especially low, it is pretty much the same you can expect from other credit cards.
Does The Amex Everyday Credit Card Offer Other Benefits?
Yes, it does! Several, in fact, so we will limit ourselves to mention some of the most important. Since this card belongs to American Express, you will have all the advantages that all Amex cards have.
- Car rental loss and damage insurance: Rent a car with the ease of mind that comes with knowing your credit card has your back. Amex will take care of covering any damage or theft liabilities for you.
- Global assist hotline: Global Assist will provide you with 24/7 emergency assistance if you are away from home. This includes medical, legal, emergency cash wires, missing luggage assistance, and much more.
- Dispute resolution: If there is ever a case in which a fraudulent or incorrect charge was done to your card, Amex will take care of helping you solve the issue. That means no more arguing with employees that can’t solve the problem!
- Send & Split: With platforms like Venmo and PayPal becoming more popular, this is a must. You can split payments or purchases with other people using your Amex Everyday credit card.
- Fraud Protection: You will never be held responsible for fraudulent charges. After all, why should you?
In this Amex credit card review, we have shown you all the benefits you will enjoy when using this card. If you look closely, you will see that you don’t need to have an exorbitant income to use it. In fact, you don’t even have to go through a lot of trouble to use it as the benefits are pretty clear and straightforward.
If you are someone who regularly spends, especially on groceries at the supermarket, this credit card is perfect for you. This is because you will gain even more points without having to change your habits.
No annual fee means that you can have this card as a backup without having to worry about losing money in the process.
For these reasons, our recommendation is for you to head to Amex’s website and apply for it. Give it a try, and if you are not satisfied… We don’t know what we will do, as we really don’t expect that to happen.
However, if you are unsure about getting this card or just want to compare it, we have your back. You can check our Credit section to find some of our other reviews!
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