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There are literally 10,000 reasons to get the The Amex EveryDay® Credit Card from American Express.(American Express is a CardRatings.com advertiser) New cardholders can earn 10,000 Membership Rewards® Points for making $1,000 in purchases within the first 3 months of account opening. Amex's Membership Rewards® program makes sense for just about any lifestyle and spending need.
Here are the key features of the card:
Flexibility, flexibility, flexibility.
Many reward credit card offers want to limit you to travel and travel-related purchases. The The Amex EveryDay® Credit Card from American Express lets you easily redeem your Membership Rewards® Points across a number of spending categories.
Some of the ways you can redeem points with the Amex EveryDay® Credit Card include:
You can accumulate a lot of extra points on your Amex EveryDay® Credit Card, but you have to use it right. For example, the 20% more points you can get for using the card 20 times means this: Buying 20 things at once, doesn't count. Buying 1 thing 20 times, does.
So, we suggest you use it like this:
That's probably not so different from how you already shop, especially if you are often seeking good deals on your non-grocery purchases. Examine your past purchasing habits to see if this makes sense for you.
|Rewards||Bonus Rewards||Annual Fee|
|2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases.||Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.||$0|
Amex EveryDay® Credit Card vs. Capital One® Venture® Rewards Credit Card®
While Amex EveryDay® Credit Card is great for general purchasing, the Capital One® Venture® Rewards Credit Card is fantastic for travel purchasing. The Capital One® Venture® Rewards Credit Card offers a big bonus for big spending early on — 50,000 miles (a $500 value) for spending $3,000 in the first three months.
The other big perk with Capital One® Venture® Rewards Credit Card is that every $1 you spend gets you two miles (or earn 10 times the miles per $1 spent when you use your card to pay for a booking at Hotels.com/Venture through January 2020). You can also fly any airline, stay at any hotel, anytime and not have to worry about blackout dates. Plus, you can transfer your miles to over 12 leading travel loyalty programs. But while there is some flexibility on redeeming these miles for non-travel purchases, the focus on travel means it can't compete with the flexibility of the Amex EveryDay® Credit Card.
It's also worth considering the Capital One® Venture® Rewards Credit Card has a $95 annual fee (waived the first year). Those that want a card similar to the Capital One® Venture® Rewards Credit Card but don't like an annual fee (after the first year) should consider the Capital One® VentureOne® Rewards Credit Card which offers similar benefits, but does not carry an annual fee.
(Citi is a CardRatings.com advertiser)
The Citi® Double Cash Card - 18 month BT offer is another no-annual-fee credit card offering cash rewards. This card has an across-the-board 1% cash reward, and you can earn another 1% cash reward when you pay at least the minimum balance due on your bill on time each month.
Pro: The Citi® Double Cash Card - 18 month BT offer has no category restrictions to keep track of and there are no programs to enroll in.
Con: Unlike the Amex EveryDay® Credit Card, you don't receive bonus points for making a certain amount of purchases during an introductory period.
Chase Freedom® makes it pretty easy to get cash back for early purchases. Specifically, you can earn a $150 bonus after spending $500 in the first three months. It also charges a $0 annual fee and offers a 0 percent intro APR on purchases and balance transfers for 15 months (then, 16.49% - 25.24% Variable), the same as for the Amex EveryDay® Credit Card, though this card does charge a balance transfer fee.
The Chase Freedom® requires a little more purchase monitoring than the The Amex EveryDay® Credit Card from American Express. For example with the Freedom® card, you can 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 like gas stations, restaurants, and wholesale clubs. Unlimited 1% cash back on all other purchases. One month cardholders may redeem 5% for Amazon purchases, and the next quarter it may be gas stations. Keeping up with the rotating categories may mean you'll need to pay closer attention, but 5% cash back is a higher rewards rate than the 2x points earned at supermarkets with the Amex EveryDay®.
We like this card for young professionals and anyone else who wants and needs flexibility—both in their lifestyle and spending:
The bottom line? The The Amex EveryDay® Credit Card from American Express is another solid product by American Express for folks who want a credit card that makes sense for everyday use.