Amex EveryDay® Preferred Credit Card Review

Amex EveryDay® Preferred Credit Card is a rewards credit card issued by American Express National Bank. 

This card is designed for people with good credit. The minimum credit score to apply is 700. 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.

Pros & Cons of Amex EveryDay® Preferred Credit Card

The Good

The Bad

Lower than average purchase APRs. Has an introductory APR rate on balance transfers of 0%. Multiple credit card perks. Cardholders can earn rewards on their purchases. Offers auto rental collision damage waiver. Includes emergency support. Extended warranty protection on purchases. Purchase Protection. Travel Accident Insurance. Amex EveryDay® Preferred Credit Card reports to multiple credit bureaus. 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

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

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.

Amex EveryDay® Preferred Credit Card Balance Transfers

Description
Balance Transfer APR	14.74% - 24.74%
Introductory Rate	0%
Intro APR period (months)	12

Amex EveryDay® Preferred Credit Card Rates & Terms

Description
Balance Computation	average daily balance (including new purchases)
Purchase APR	14.74% - 24.74%
Credit Limit	N/A
Penalty APR	29.99%
Cash Advance APR	26.99%
Security Deposit	N/A
Introductory Rate	0%
Intro APR period (months)	12

What are the Amex EveryDay® Preferred Credit Card fees?

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%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$5
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 score.

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.