Amex EveryDay vs. Amex EveryDay Preferred: Which should be in your wallet?

Sep 12, 2021

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Editor’s note: This post has been updated with new information.


Part of having a well-rounded credit card strategy is to maximize every single purchase and make sure you’re never just getting 1 point per dollar or 1% cash back. When it comes to earning rewards on everyday spending, it can be hard to know which card is right for you.

For those who have other Amex Membership Rewards cards such as the American Express® Gold Card or The Platinum Card® from American Express, the Amex EveryDay® Credit Card from American Express and the Amex EveryDay® Preferred Credit Card from American Express offer additional ways to bolster your Membership Rewards earnings. For those new to points and miles, both are introductory options to help you jump into the broader Membership Rewards program.

The information for the Amex EveryDay and Amex EveryDay Preferred has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

The primary difference between the two EveryDay cards is their annual fee ($0 vs. $95), although both cards offer easy-to-hit welcome offers and similar earning structures. Let’s break down the card you should choose for the long term tailored to your specific spending habits and budget.

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How do these cards compare?

First, let’s look at a quick side-by-side comparison of these two cards.

Benefit

Amex EveryDay

Amex EveryDay Preferred

Welcome offer

10,000 points after spending $1,000 in the first three months of account opening.

15,000 points after spending $1,000 in the first three months of account opening.

Annual fee

$0

$95

Bonus earning

2x at U.S. supermarkets (up to $6,000 in purchases per year; then 1x).

Terms apply.

3x at U.S. supermarkets (up to $6,000 in purchases per year; then 1x) and 2x at U.S. gas stations.

Terms apply.

Transaction bonuses

20% more points for making 20 or more purchases in a billing period.

50% more points for making 30 or more purchases in a billing period.

Travel and shopping protections

Secondary car rental loss and damage insurance, purchase protection and Global Assist Hotline.

Secondary car rental loss and damage insurance, purchase protection, extended warranty and Global Assist Hotline.

 

The primary difference between the cards is the higher earning potential you’ll have with the EveryDay Preferred in exchange for its $95 annual fee.

Low monthly budget? Stick with the EveryDay

(Photo by Eric Helgas for The Points Guy)
(Photo by Eric Helgas for The Points Guy)

One of the great benefits of these cards is the threshold bonus for making a certain number of purchases in each billing period. However, if you don’t plan to use the card more on more than 30 transactions each month, you’ll most likely be better off with the regular Amex EveryDay. While the 20% bonus isn’t as lucrative as the 50% bonus you get with the Preferred, you also don’t have to worry about an annual fee.

On the other hand, if you’re consistently making 30+ transactions in a month and plan to spend more than $15,833.33 in a year with the card (excluding category bonuses), you’ll be better off with the Amex EveryDay Preferred Card.

  • To cover the $95 annual fee, you’d need to earn an extra 4,750 Membership Rewards points annually (4,750 points x 2 cents/point = $95).
  • If you make 30 or more transactions each billing period, you’re earning 1.2 points per dollar on the EveryDay and 1.5 points per dollar on the EveryDay Preferred (or an additional 0.3 points per dollar on the Preferred) — excluding category bonuses.
  • Since you’re earning an additional 0.3 points per dollar spent (over the no-annual-fee card), you need to spend $15,833.33 to earn the additional 4,750 points (4,750 points / 0.3 = $15,833.33).

That figure is also conservative, considering it doesn’t factor in the bonus categories. If you’re only going to use the card for purchases that earn at least 2x, you’d only need to spend $7,916.66 annually on the EveryDay Preferred for it to be worth the fee.

Want rewards at the pump? Go with the EveryDay Preferred

(Photo by The Points Guy)
(Photo by The Points Guy)

The EveryDay Preferred earns 2 points per dollar at U.S. gas stations, whereas the EveryDay will just bring in the base 1 point per dollar. If you’re filling up your tank once a week, the rewards you could potentially earn with the EveryDay Preferred on that bonus category alone will make up for the annual fee difference.

Assuming it takes somewhere around $50 on average to fill up each week, that’s $2,600 each year spent on gas. With 2 points per dollar, you’re earning an extra 2,600 points per year with the EveryDay Preferred compared to the EveryDay. For those who make 30+ transactions in a typical month, that goes up to 3,900 points with the transaction-based 50% bonus. Those points are worth around $78 according to TPG’s latest valuations, nearly making up for the card’s annual fee.

Similar perks and redemption options

Where the two cards converge is in perks and redemption options with the Amex Membership Rewards program. Both the EveryDay and EveryDay Preferred allow you to pool your points made across Amex Membership Rewards credit cards, and your redemption options are the same. Looking at perks, the only difference is that the EveryDay Preferred offers extended warranty on purchases with the card.

Related: Choosing the best American Express credit card for you

Bottom line

Knowing which card is right for you can be difficult, especially when you’re looking at two cards as similar as the Amex EveryDay and Amex EveryDay Preferred.

Be sure that you’re crunching the numbers based on your own individual situation and personal budget. If you’re not planning on using this card frequently, the no-fee EveryDay is an excellent choice. However, if you’re looking for a card that can maximize rewards across both U.S. gas stations and U.S. supermarkets, the Preferred is worthwhile.

Additional reporting by Stella Shon.

Featured photo by John Gribben for The Points Guy.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.