Amex EveryDay Card Now Offering 0% APR for 15 Months, Waiving Balance Transfer Fee
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Update: Some offers mentioned below are no longer available – Amex EveryDay® Credit Card from American Express
If you’re looking to earn rewards for free flights and hotel stays without paying a credit card annual fee, the Amex EveryDay® Credit Card from American Express is definitely worth a gander. It earns you Membership Rewards points: 2x on the first $6,000 spent per year at US supermarkets (and 1x thereafter) and 1x on everything else, and you’ll get a 20% points bonus when you make at least 20 purchases in a billing period. Provided you meet the 20-purchase threshold, you’re effectively getting 1.2x points on all purchases, which is pretty solid for a no-fee credit card.
An update to the card could provide some extra incentive to apply: It’s now offering a 0% intro APR for 15 months, compared to an intro APR of 0% for 12 months previously. After the 15-month intro period, APR will be a variable 14.99% to 25.99%. We never recommend carrying a balance on credit cards or spending beyond your means due to the huge interest rates you’ll incur, but if an emergency does come up, using a card with 0% intro APR will at least buy you some time to pay things off before the high rates kick in. And while the EveryDay Card already offered an intro APR of 0%, now it’s extended for 3 more months.
The other bit of news is that the card’s now offering a 0% balance transfer fee for transfers made in the first 60 days at an introductory rate of 0% for the first 15 months. Previously, you’d have to pay $5 or 3% (whichever was greater) on balance transfers, so this current offer means you can consolidate your credit card debt to the EveryDay card without having to pay, and you’ll have 15 months before the higher interest rates take effect.
While the EveryDay Card has no annual fee, it does charge a 2.7% foreign transaction fee, so you won’t want to use it for purchases abroad. Overall, though, now more than ever this is a great entry-level travel rewards card, especially for those looking to earn transferable points without paying an annual fee.
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