Amex EveryDay® Credit Card: Potential for 20% Membership Rewards Point Bonus

Amex EveryDay® Credit Card: Potential for 20% Membership Rewards Point Bonus

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The Amex EveryDay® Credit Card from American Express is one of our favorite offerings by American Express. However, in order for this card to be worthwhile, you have to be mindful of when you use it, and how you redeem rewards. If you're always using the card on U.S. supermarkets and AmexTravel.com you'll be fine - just be sure to redeem the Membership Rewards (MR) points for options that are valued $0.01 per point or above. If point management sounds like too much of a hassle for you, consider the Blue Cash Preferred® Card from American Express, which offers better rewards at U.S. supermarkets—for the first $6,000 spent in this category each year, afterwhich it gives just a mediocre 1x points.

Good For...Bad For...
  • Individuals looking to earn Membership Rewards
  • People who are looking for a simple rewards credit card
  • Anyone who seldom uses their credit card

Review: is The Amex EveryDay® Credit Card from American Express Worth it?

The Amex EveryDay® Credit Card from American Express card offers a decent way of earning Membership Rewards points, through purchases at U.S. supermarkets and amextravel.com. Due to the card's 20% point bonus, whenever you use the card 20 or more times inside a single billing cycle, this card goes from being good to great. The extra points help elevate The Amex EveryDay® Credit Card from American Express rewards above a typical cash back credit card.

Users considering the "Preferred" version of The Amex EveryDay® Credit Card from American Express should know that the card's annual fee makes it a hard sell. Unless you consistently shop 30+ times within a billing cycle (which can vary between 25 and 31 days) using The Amex EveryDay® Preferred Credit Card from American Express, the no-annual-fee version is the better deal. If you're looking for savings on gas, we suggest pairing The Amex EveryDay® Credit Card from American Express with a good gas card instead.

The Amex EveryDay® Credit Card from American Express is a solid card for individuals who consider themselves "travel hackers" or like maximizing their rewards earned. Depending on how they are used, Membership Rewards have the chance to be both extremely valuable or extremely poor. It's important for cardholders to spend time optimizing point redemption.

Bottom Line: The Amex EveryDay® Credit Card from American Express is an excellent credit card for individuals who frequently shop at U.S. supermarkets, UBER, and amextravel.com. If you're looking to earn Membership Rewards, this is one of our favorite cards for that.

The Amex EveryDay® Credit Card from American Express Benefits & Features

The Amex EveryDay® Credit Card from American Express is part of the Membership Rewards family of cards. With this card, you earn 2x points at U.S. supermarkets, on up to $6,000 per year in purchases (then 1x), and 1x points on other purchases

For the spending bonus on Amex travel purchases, the website is fairly well put together, and features competitive rates on both hotel stays and airfare. We compared the prices for a flight between JFK and LAX over a random September weekend on both AmexTravel.com, Priceline, and Kayak – all three displayed similar flights - both when it came to availability and price.

All spending outside of the bonus categories gets you just 1 Membership Rewards point per $1.

When you first apply for The Amex EveryDay® Credit Card from American Express, you can earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months American Express has a policy of only allowing users to earn 1 bonus per card, per lifetime. This means if you ever qualified for the welcome bonus on The Amex EveryDay® Credit Card from American Express, you are not eligible to receive the 10,000 points.

Note that the $1,000 minimum spend threshold must be met through purchases – cash advances, balance transfers, and fees do not count towards it. Additionally, you don’t have to carry a balance of $1,000. If you buy $500 worth of things the first month, pay that charge off, then make another $500 in purchases during your second month, you will qualify for this bonus offer.

We value a single Membership Rewards point at around $0.01, though the points can be used in a number of different ways that will cause them to value from the average – both positively and negatively. At this point rate, the rewards rate on The Amex EveryDay® Credit Card from American Express varies between 1% and 2% - though the higher end is only achieved when using the card exclusively on U.S. Supermarket purchases.

Ability to Earn 20% More Points

Every billing cycle during which you use your The Amex EveryDay® Credit Card from American Express 20 times or more, you will receive a 20% more points on those purchases. This will boost your rewards rate to be between 1.2% and 2.4%. At this rate, The Amex EveryDay® Credit Card from American Express becomes one of our favorite credit cards for shopping at U.S. supermarkets – rivaled only by the Blue Cash Preferred® Card from American Express.

A single billing cycle will vary, typically between 25 and 31 days. This means you will have to use your card at least once a day, for a majority the month. If you're the type of person who puts most of their purchases onto a credit card, this should not be a problem. However, if you're limiting yourself to just purchases at U.S. supermarkets and Amextravel (for optimal value), reaching this threshold will be harder. Consider how often you use your credit card throughout a month, to figure out whether you are likely to qualify for this bonus.

Using Membership Rewards

As noted, there is a number of different ways of using the Membership Rewards points which you gather with your The Amex EveryDay® Credit Card from American Express. A solid use of your points can come from transferring them to partnered programs – this, however, requires a fair deal of involvement and point management. If you want the simplest way to get a lot of value out of MR points, you can also use them to get gift cards, book flights through AmexTravel, or pay for rides with UBER – all of these uses will net you $0.01 per point. The full list of redemption options can be seen below.

Redemption OptionValue per Reward Point

Transfer Points

$0.012+

Gift Cards

$0.010

Booking Flights with Points

$0.010

UBER

$0.010

Booking Hotels with Points

$0.008

Shopping

$0.006

Paying off a charge

$0.006

Transferring points is a solid value option – though it can be risky. Make sure that, whenever you use the points you transfer, you are getting a value of at least $0.01. The ultimate value will vary depending on which flight you end up booking with your points. Ideally, whenever you transfer points, you could boost their worth to $0.012 or more. This, however, will generally require some planning and strategizing to pull off. The table below shows you all the airline partners and hotel programs you can transfer your MRs to. Most of these transfer at a 1:1 ratio - with two exceptions.

ProgramTypeAwards ReceivedProgramTypeAwards Received
DeltaAirline1Hawaiian AirlinesAirline1
Aero MexicoAirline1Iberia PlusAirline1
Air CanadaAirline1jetBlueAirline1
Air France / KLMAirline1Singapore AirlinesAirline1
ANAAirline1Virgin AmericaAirline1
Asia MilesAirline1Virgin AtlanticAirline1
British AirwaysAirline1Best WesternHotel1
El AlAirline1Choice PrivilegesHotel1
Emirates SkywardsAirline1Hilton HonorsHotel1.5
Frontier AirlinesAirline1

It is never worthwhile to move your MR points to Honors points (with Hilton). Due to a combination of transfer ratios and point values, the trade would end unfavorably for you and result in a "per point" value lower than the general $0.01 value you can typically get for each MR point. The math behind this works as follows:

  • 1 Membership Rewards Point = 0.33 Starpoints. 1 Starpoint = $0.022 (average). Therefore, 0.33 Starpoints x $0.022 = $0.007. Transferring your MR to Starpoints results in a value of $0.007 per point
  • 1 Membership Rewards Point = 1.5 Hilton HHonors points. 1 HHonors Point = $0.005 (average). So, 1.5 points x $0.005 = $0.008

The Amex EveryDay® Preferred Credit Card from American Express

For $95 per year, consumers can get the “upgraded version” of The Amex EveryDay® Credit Card from American Express – The Amex EveryDay® Preferred Credit Card from American Express. This card gives cardholders the ability to 3x points at US supermarkets; 2x points at US gas stations; 1x points on other purchases All other categories on this card equal those of the regular The Amex EveryDay® Credit Card from American Express.

The current bonus on The Amex EveryDay® Preferred Credit Card from American Express is Earn 15,000 bonus points after you use your new card to make $1,000 in purchases in your first 3 months from account opening When you compare this bonus against other top-tier credit cards with similar annual fees, it falls flat.

Another major feature of The Amex EveryDay® Preferred Credit Card from American Express is its “frequent use bonus”. If you use this card 30 times or more, in a single billing period, you will receive 50% more points. This will effectively boost your rewards to 4.5 MR per $1 at U.S. supermarkets, 3 points per $1 at U.S. gas stations, and 1.5 points per $1 elsewhere.

The Amex EveryDay® Credit Card from American Express vs The Amex EveryDay® Preferred Credit Card from American Express

There is a limited number of scenarios in which The Amex EveryDay® Preferred Credit Card from American Express outperforms its “no-annual-fee” counterpart. Firstly, if every month you spend at least $100 on gas, the extra MR on each $1 earned quickly adds up and starts making a difference. However, you can get better rewards with a good gas credit card – so, if you don’t mind carrying an extra card in your wallet for gas purchases, we recommend that approach.

In the long run, The Amex EveryDay® Credit Card from American Express is the better credit card for shopping at U.S. supermarkets because it offers the following rewards rate: 2x points at U.S. supermarkets, on up to $6,000 per year in purchases (then 1x), and 1x points on other purchases Adjusting for the annual fee, the maximum, long term rewards rate on the card is 2% - compared to just 1.42% on The Amex EveryDay® Preferred Credit Card from American Express. It’s not until you begin charging gas purchases to your card that The Amex EveryDay® Preferred Credit Card from American Express begins to shine.

If you can take advantage of the bonus offered whenever you make the card 30+ times per billing cycle, The Amex EveryDay® Preferred Credit Card from American Express will be a better value – provide you charge at least $400 at U.S. supermarkets.

How Does The Amex EveryDay® Credit Card from American Express Compare To Other Credit Cards?

In order to come to a decision, whenever choosing a credit card, it is important to be well informed of all your options. We profiled some of the leading competitors to The Amex EveryDay® Credit Card from American Express below.

The Amex EveryDay® Credit Card from American Express vs Chase Freedom®

The Chase Freedom® is a cash back credit card that earns its users Ultimate Rewards (UR) points - some of the most sought after rewards out of all credit cards. Instead of having a fixed set of categories where you earn your maximum rewards, like you do with The Amex EveryDay® Credit Card from American Express, every quarter of the year, the Chase Freedom® shifts through different bonus categories where you Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases. Since both cards have $0 annual fee, we recommend getting both if your credit score allows it - use your The Amex EveryDay® Credit Card from American Express whenever you can get 2% savings using it, and the Chase Freedom® every other time - due to their higher value, you will be better off earning 1 UR point per $1, rather than one MR point.

The Amex EveryDay® Credit Card from American Express vs Blue Cash Preferred® Card from American Express

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The Blue Cash Preferred® Card from American Express is a pure cash back credit card, which doesn't earn users any Membership Rewards points. At the cost of the extra rewards on AmexTravel, the Blue Cash Preferred® Card from American Express gives users a 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases. and a $0 introductory annual fee for one year, then $95 annual fee (See Rates & Fees). If you're the type of credit user who doesn't like managing or thinking about redeeming rewards points, the Blue Cash Preferred® Card from American Express is for you. You get added rewards at U.S. supermarkets, and simplicity of use. If don't mind transferring points to different airlines, we recommend going with The Amex EveryDay® Credit Card from American Express - there is a lot more potential value, which you can dig out of it in the long-run, especially if you're a traveler.

For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.

The information related to the Chase Freedom®, The Amex EveryDay® Credit Card from American Express and The Amex EveryDay® Preferred Credit Card from American Express has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.

Joe Resendiz

Joe Resendiz is a former investment banking analyst for Goldman Sachs, where he covered public sector and infrastructure financing. During his time on Wall Street, Joe worked closely with the debt capital markets team, which allowed him to gain unique insights into the credit market. Joe is currently a research analyst who covers credit cards and the payments industry. He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance.

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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).