American Express EveryDay: AmEx Points for No Annual Fee

Paying monthly fees for Gold or Platinum cards isn’t always necessary, especially if you don’t frequently use their benefits. In such cases, opting for a cost-effective alternative like the AmEx EveryDay card makes sense.

The AmEx EveryDay card is a perfect choice for those who prefer managing finances digitally, occasionally using credit, and earning rewards through bonus programs. It provides a balance for users who want perks without the burden of annual fees.

In this article, we’ll explore the AmEx EveryDay card, covering its merits and pitfalls.

Benefits of the American Express EveryDay Card

Let’s start the AmEx EveryDay credit card review with a key list of features of this payment instrument. And we have a lot to tell you:

• $0 annual fees and commissions for using the card;
• A 15-month grace term with 0% interest on the return of credit funds;
• An intro offer of 10,000 points is available for spending $2,000 in the first 6 months of membership in the Membership Rewards program;
• The traditional interest rate is in the range of 17.99–28.99%;
• Stable reward ratios for purchases in the amount of 1–2x points per $1.

In addition to the above, cardholders can participate in various promotions and special programs, including partnership offers and discounts.

Unlike other payment methods, AmEx has no hidden fees or charges, but this does not mean that it is the best option for everyone every day.

Strengths and Weaknesses of the American Express Everyday Credit Card

In this AmEx EveryDay card review, we will objectively assess the pros and cons of using the card for everyday needs.

Despite the fact that the cost of using the card is zero, the user still receives a number of bonus offers and the opportunity to convert expenses into additional points and use them to compensate for certain services in partner networks.

Only those with a credit score between 690 and 850 points, or “good-excellent,” can get the card. The only adequate analog from the same bank is Blue Business Plus, which is available exclusively to business representatives.

So, what does this payment method offer?

Advantages of the American Express No Annual Fee

Given that the cardholder does not pay an annual fee, logically, the customer should only have access to the storage and use of funds from the account. But no, the user immediately receives a number of benefits, including:

• Welcome bonus. If you spend more than $2,000 in the first six months of card ownership, you automatically receive 10,000 points to your balance. This is the equivalent of about $100, which you can use to cover part or all of the cost of purchases in partner networks.
• Temporary 0% APR. Yes, the first 15 months of using the card will give you access to interest-free loans. Thus, you can buy everything you need without overpaying on fees and charges for access to credit finance.
• Up to +20% activity bonuses. It’s less than other cards offer, but hey, you’re using your payment instrument for free. So, after the first 20 purchases during the billing period, you will be credited with bonuses in the format of 1 bonus per 1 cent spent. Less often, +1.2%; +2.4%.

Disadvantages of the Amex Everyday Credit Card

The AmEx no annual fee program is very loyal to users, as it effectively balances the advantages and disadvantages for customers. The latter, by the way, are quite few and not very noticeable to ordinary cardholders. For example:

• Lackluster bonus offers. You get the opportunity to accumulate points and redeem them to cover expenses in some affiliate networks.
• Few earning options. You won’t get the same 4x conversion rate for converting expenses into bonus points or the conditions for accumulating points from purchases in affiliate networks. Therefore, if you want to increase your benefits, it is better to consider other payment card options.
• Currency conversion or cash withdrawal fees. Not paying an annual fee will definitely compensate for the cost of servicing the card, but in other ways, such as a 2.7% fee for foreign transactions or an APR penalty of 29.99%.
• Lack of additional rewards. For example, bonuses for transferring funds to other accounts, early repayment of debts, travel and booking accommodation, transport, tables, discounts on entertainment or shopping in hypermarkets, themed offers, etc.

Conclusion

To summarize, the AmEx EveryDay review, this card is ideal for individuals who primarily use their card for everyday purchases, occasional cash withdrawals, and credit without focusing on redeeming rewards. However, if you’re financially savvy and seek a card that maximizes value for every dollar spent, you might want to explore other options.