Amex EveryDay® Preferred Credit Card Review

Amex EveryDay® Preferred Credit Card is a rewards credit card issued by American Express National Bank. If you're wondering whether Amex EveryDay® Preferred Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of up to 3x.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of 15000 points after spending $1,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. Amex EveryDay® Preferred Credit Card has a variable purchase APR that ranges from 14.74% up to 24.74%.
• 3% Balance transfer fee. Amex EveryDay® Preferred Credit Card charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2.7% every time you make a transaction outside the U.S.
• Gas rewards.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, purchase protection, travel accident insurance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

Amex EveryDay® Preferred Credit Card Pros and Cons:

The Good

The Bad

EARN 50% EXTRA POINTS Use your Card 30 or more times on purchases in a billing period and earn 50% extra points on those purchases less returns and credits Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. 0% APR on new purchases during the first 12 months. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Travel accident insurance. Cardholders can earn rewards on their purchases. Amex EveryDay® Preferred Credit Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

There is annual fee of $95 to consider when applying for this card Requires good to excellent credit. Charges an annual fee of $95 Charges a foreign transaction fee of 2.7%. You don't earn rewards on every purchase. Charges a 3% balance transfer fee.

Is there a Amex EveryDay® Preferred Credit Card cash back or rewards program?

Amex EveryDay® Preferred Credit Card offers a rewards program to its customers.

Amex EveryDay® Preferred Credit Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	3%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	15000
Signup Bonus Spend Requirement	$1000
Signup Bonus Spend Period (months)	3 months

What are the Amex EveryDay® Preferred Credit Card benefits?

Amex EveryDay® Preferred Credit Card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Cellular Telephone Protection
• No blackout dates when redeeming miles
• Reports to major credit bureaus

What are the relevant APRs for Amex EveryDay® Preferred Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Amex EveryDay® Preferred Credit Card has lower than average purchase APRs.

Amex EveryDay® Preferred Credit Card has a variable purchase APR that ranges from 14.74% up to 24.74%. The card has a variable balance transfer APR that ranges from 14.74% up to 24.74%. It also has a variable cash advance APR of 26.99% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Amex EveryDay® Preferred Credit Card?

The following fees apply to Amex EveryDay® Preferred Credit Card:

• There is no overlimit fee

Amex EveryDay® Preferred Credit Card Fees

Fees	Amount
Annual Fee	$95
Overlimit Fee	$0
Foreign Transaction Fee	2.7%
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

Does Amex EveryDay® Preferred Credit Card report your account activity to credit bureaus?

Amex EveryDay® Preferred Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Amex EveryDay® Preferred Credit Card

• Visit the Amex EveryDay® Preferred Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.