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1798

reviews

3.6

Rating: 3.6 out of 5.

Annual Fee: $0

This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.

Here’s the average credit limit of members who matched their Amex EveryDay® Credit Card or similar cards.

% of members by credit limit range

The average credit limit for members who have matched with this card or similar cards is $10,453, with $1,000 being the most common.

Here’s the average credit score of members who matched their Amex EveryDay® Credit Card or similar cards.

% of members by credit score range

The average credit score for members who have matched with this card or similar cards is 713, with 813 being the most common. Note this is just one of the deciding factors when it comes to getting approved.

Member stats

Updated daily

26.8%

Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.

46 years

Average age of members who matched this card or similar cards.

$105,037

Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.

Pros and cons

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Bonus rewards for frequent spenders

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Ability to transfer points to airline and hotel partners

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No annual fee

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Only one bonus rewards category

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Mediocre base rewards rate

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Low welcome offer

Amex EveryDay® Credit Card: What you need to know

The Amex EveryDay® Credit Card has no annual fee and a unique approach to rewards, but it doesn’t provide a lot of value compared to similar credit cards.

Here are the card’s core features.

Earn more rewards when you use your card frequently

The card offers two points per $1 on up to $6,000 spent each calendar year at U.S. supermarkets (then one point per $1), and one point per $1 spent on all other purchases. But if you use your card 20 or more times on purchases in a billing period, you’ll earn an extra 20% — essentially giving you 2.4 points per $1 on eligible bonus purchases and 1.2 points per $1 spent on everything else.

That said, it’s easy to find no-annual-fee credit cards with higher rewards rates and more bonus categories. So even with the unique rewards structure, it’s tough to recommend this card strictly based on its rewards-earning power.

The welcome offer is relatively low

New cardholders can earn 10,000 bonus points when they spend $2,000 on purchases in the first six months after account opening. American Express Membership Rewards® points are worth up to 1 cent apiece when you redeem them with American Express, giving you a maximum of $100 in value for $2,000 in spending.

But it’s important to note that with some other top cash back credit cards, you can easily get double that value with a much lower spending requirement.

As a new cardholder, you’ll also get an introductory 0% APR on both purchases and balance transfers for 15 months from account opening. If you transfer a balance, you must request the transfer within 60 days of account opening, and you’ll pay a balance transfer fee of 3% of the amount of each transfer (minimum $5). While this isn’t necessarily the best offer out there, it’s solid. After the promotion ends, the variable APR jumps to 17.24% to 28.24%.

You can transfer your points to airline and hotel programs

While the Amex EveryDay® Credit Card doesn’t have the strongest rewards game, it does have something many traditional cash back credit cards don’t: the ability to transfer your rewards to travel loyalty programs — and potentially get more than 1 cent per point in value.

What else you need to know about the Amex EveryDay® Credit Card

If you’re thinking about applying for the Amex EveryDay® Credit Card, here are a couple of other features to keep in mind.

• You can redeem your rewards directly with American Express for travel, statement credits, gift cards, online shopping with select retailers and merchandise.
• You can earn bonus points and statement credits with select merchants through Amex Offers.

Who the Amex EveryDay® Credit Card is good for

You may consider this card if you want the ability to transfer your points to various travel loyalty programs without needing to pay an annual fee — most cards that offer this feature charge one. It also helps if you plan to use the credit card regularly and can earn the extra 20% point bonus every month.

The card can also be beneficial for people who want to make a large purchase and pay it down interest-free or who want to transfer a balance from a high-interest card and pay that down without interest charges. Just make sure you consider the balance transfer fee in your decision-making process.

All that said, if you’re looking for a card that will give you the most value for your spending, you’ll be able to find cards with much better rewards rates elsewhere.

Not sure this is the card for you? Consider these alternatives.

If you’re uncertain about the Amex EveryDay® Credit Card, or you want to take some time to shop around and compare multiple options, here are some to consider.

• Blue Cash Everyday® Card from American Express:
Consider this card if you want more bonus rewards categories.
• Citi Double Cash® Card:
This card has solid rewards rates on everyday purchases.
• Wells Fargo Autograph® Card:
This card may be the right choice if you want to maximize rewards on several everyday spending categories and get redemption flexibility without losing value.