Amex EveryDay® Credit Card from American Express review: Pay off debt and get rewards

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In a Nutshell

The Amex EveryDay® Credit Card from American Express has a rare combo of a good balance transfer offer plus rewards.

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This offer is no longer available on our site: The Amex EveryDay® Credit Card from American Express

If you’re looking to pay down credit card debt with a balance transfer card and earn some rewards to boot, consider the The Amex EveryDay® Credit Card from American Express.

What we like Heads up
APR
  • 0% intro APR on purchases and balance transfers requested within the first 60 days for 15 months from account opening, with a variable APR of 14.74% to 25.74% on both purchases and balance transfers after that
  • You have to request your balance transfer within 60 days of your account opening to get the 0% intro APR on balance transfers
Fees
  • $0 annual fee
  • $0 balance transfer fee (transfers must be requested within 60 days of account opening)
  • Balance transfers are capped at either $7,500 or 75% of your credit limit
Rewards
  • 2 Membership Rewards® points per dollar spent on purchases at U.S. supermarkets on up to $6,000 in purchases each year (then 1 point per $1)
  • Welcome bonus of 10,000 points after you make at least $1,000 in purchases on your card within the first 3 months of account opening
  • Make 20 or more purchases with your card in a billing period and earn 20% extra points on those purchases less returns and credits
  • You’ll only earn 1 point per dollar spent at U.S. supermarkets once you surpass $6,000 in purchases per year at U.S. supermarkets

    1. The rundown: Everything we like about the Amex EveryDay® Credit Card from American Express
    2. Heads up: What you should consider before applying for the Amex EveryDay® Credit Card from American Express
    3. Do the math: How to get the most out of the Amex EveryDay® Credit Card from American Express
    4. The competition: How the Amex EveryDay® Credit Card from American Express stacks up against similar cards
    5. Bottom line: Is the Amex EveryDay® Credit Card from American Express right for you?

The rundown: Everything we like about the Amex EveryDay® Credit Card from American Express

There’s plenty to love about the Amex EveryDay® Credit Card from American Express, particularly if you’re looking to transfer a high-interest credit card balance onto a card that’ll give you a chance to pay down some debt without interest for a stretch of time.

Many cards charge a balance transfer fee to transfer a balance, but not the Amex EveryDay® Credit Card from American Express. Its $0 balance transfer fee can be a huge benefit if your primary goal is to transfer a balance – it could save you a few hundred dollars depending on the amount of the balance transfer. But to take advantage of the $0 balance transfer fee, balance transfers must be requested within 60 days from account opening.

And if you’re looking for reasons to keep using the card once your transferred balance has been paid off, consider this: When you make 20 or more separate purchases in a billing period, you’ll earn 20% extra Membership Rewards® points on those purchases.

If you do end up hitting the threshold of 20 purchases per billing period, you effectively earn 2.4 points on purchases at U.S. supermarkets per dollar on up to $6,000 per year and 1.2 points per dollar on eligible purchases everywhere else. Not bad.

Heads up: What you should consider before applying for Amex EveryDay® Credit Card from American Express

If you’re mainly motivated by the rewards, there are better offers out there. Compare it to other grocery cards for higher rewards rates in this category.

And don’t let the rewards distract you from paying down your transferred balance. If you add too many new charges to your Amex EveryDay® Credit Card from American Express and don’t pay your balance off before the promotional APR period ends, including purchases and any remaining amount on your transferred balance, you could get slammed with a bunch of interest. This could easily wipe out the value of any rewards you earned. That’s why it’s crucial to pay off your balance before the card’s variable APRs kick in on purchases and balance transfers.

One way to avoid missing the end of the intro 0% APR period for purchases and balance transfers is to set a calendar reminder a few weeks or months ahead. This way you’ll have some time to get your finances in order to pay off most, if not all, of your balance.

Do the math: How to get the most out of the Amex EveryDay® Credit Card from American Express

On top of the rewards you can earn with your usual grocery shopping, the Amex EveryDay® Credit Card from American Express comes with a welcome bonus of 10,000 Membership Rewards® points after spending at least $1,000 on purchases in the first three months your account is open. If you can do this without stretching your budget, consider making it your primary card and collect your points.

What you shouldn’t do, though, is spend beyond your means to get the bonus. Doing so might put you in a position where you earn the welcome bonus at the cost of assuming debt.

The best credit card sign-up bonuses of 2018

The competition: How the Amex EveryDay® Credit Card from American Express stacks up against similar cards

Great for groceries Blue Cash Everyday® Card from American Express
Simple cash back Citi® Double Cash Card
Cash back in rotating categories Chase Freedom®

Blue Cash Everyday® Card from American Express

The Blue Cash Everyday® Card from American Express undoubtedly beats the Amex EveryDay® Credit Card from American Express on grocery rewards, earning 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). Plus, the Blue Cash Everyday Card® from American Express earns 2% back at U.S. gas stations and select U.S. department stores, and 1% back on other purchases.

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Citi® Double Cash Card

The rewards program for the Citi® Double Cash Card couldn’t be much simpler. You earn 2% cash back — 1% when you spend and another 1% back as you pay — on purchases.

Plus, the Citi® Double Cash Card comes with a 0% intro APR on balance transfers for 18 months from the date of the first transfer (then a variable APR of 15.49% - 25.49% will apply). You’ll need to complete any balance transfers within the first four months of account opening for the intro offer to apply. And there is a balance transfer fee of 3% (minimum $5). This beats the introductory APR time frame you get with the Amex EveryDay® Credit Card from American Express, but remember the American Express card offer also applies to purchases. The Citi® Double Cash Card also has a $0 annual fee.

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Citi® Double Cash Card

From cardholders in the last year

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Chase Freedom®

The Chase Freedom® rewards program is a little different. It offers 5% cash back on up to $1,500 in combined purchases in select bonus categories you activate each quarter.

Like the Amex EveryDay® Credit Card from American Express, the Chase Freedom® also has a 0% intro APR on purchases and balance transfers for 15 months from account opening (then a variable APR of 16.99% - 25.74% on both purchases and balance transfers). The card comes with a $0 annual fee but has a 3% (minimum $5) balance transfer fee.

From our partner

Chase Freedom®

From cardholders in the last year

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Bottom line: Is the Amex EveryDay® Credit Card from American Express right for you?

If you want to transfer a balance and earn cash back on groceries, the Amex EveryDay® Credit Card from American Express is a solid option. But be sure to weigh all of your options. Check out our favorite balance transfer cards.

Best balance transfer cards of 2018

Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors' opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when it’s posted.