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Review: The Amex EveryDay® Credit Card now with a standout balance transfer offer

Posted February 15, 2018 9:30 a.m. EST
Updated February 20, 2018 6:00 p.m. EST

[card.913.name] is a new offer that not only has a longer intro APR period but also a rare $0 balance transfer fee for transfers requested within 60 days of account opening. This feature provides additional value to this card and makes it our top pick for people looking to complete a balance transfer. The other features of the card remain consistent like the rewards program — favoring those who shop at U.S. supermarkets, as well as the offering of Amex exclusive perks like entertainment access and Global Assist® Hotline.

New Offer!The Amex EveryDay® Credit Card from American Express

APPLY NOW Secured

on American Express’s secure website

Terms Apply

Rates & Fees

Annual Fee

$0

Intro Purchase APR

0% for 15 months

Intro BT APR

0% for 15 months

BT Fee

$0 balance transfer fee.

Regular Purchase APR

14.24% – 25.24% Variable

Rewards

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

In this review, we’ll discuss:

How the card works

How to qualify

What we like about the card

What we don’t like about the card

What are Membership Rewards® points worth?

Alternatives

Bottom Line

How the card works

[card.913.name] is a rewards card that doubles as a balance transfer card. Beginning with the rewards program, you can earn [card.913.rewardsRateDesc] If you spend $500 a month at U.S. supermarkets, you can maximize rewards at the higher rate. Otherwise, this is an OK program considering this is a [card.913.annualfee] annual fee card, but you can find a better rewards rate with the [card.381.annualfee] annual fee [card.381.name].

What is unique about this card is the balance transfer offer. You can benefit from an intro [card.913.balanceTransferIntroRate] on balance transfers with a [card.913.balanceTransferFee] Transfers must be requested within 60 days of account opening. This can save you the typical 3% fee that most cards charge on balance transfers. Once the intro period ends, a [card.913.purchaseGoToRate] APR applies.

There is also an intro [card.913.balanceTransferIntroRate] on purchases (after, [card.913.purchaseGoToRate] APR), allowing you to make a large purchase and pay it off during the intro period. This intro period, combined with the balance transfer intro period and rewards program make The Amex EveryDay® Credit Card from American Express a unique offering where cardholders have the option to transfer a balance, pay off a large purchase, and earn rewards on new purchases — all with one card.

How to qualify

American Express products are best for people with good or excellent credit.

What we like about the card

Intro BT fee: This card offers a [card.913.balanceTransferFee] Transfers must be requested within 60 days of account opening. Completing a transfer is a great way to save on the typical 3% BT fee most cards charge.

20% More points: When you make 20 or more transactions in a billing period, you earn 20% more points on those purchases. This effectively increases the value of 1 point to 1.2 points.

Transfer points to frequent traveler programs: You can transfer your points to participating frequent traveler programs mostly on a 1:1 basis (some transfers require more or less points).

2x Points on travel booked with amextravel.com: When you book travel at amextravel.com, eligible travel purchases (prepaid hotel stays, vacation packages, cruises, and more) receive double points.

What we don’t like about the card

Low everyday rewards rate: Purchases in categories other than U.S. supermarkets or in excess of the quarterly cap will earn a low rewards rate that can be beat by other cards. We consider 2 points per dollar spent to be the average, so anything below that is subpar.

What are Membership Rewards® points worth?

Membership Rewards® points can be redeemed in many ways. For each option, point’s worth varies, so some redemption options may be better than others. Here are the ways you can redeem your rewards and how much one point is worth for each option:

  • Frequent flyer programs: Points are often worth $0.01 each, with some worth more or less. For example; 1,000 Membership Rewards® points = 2,000 Hilton Honors Points or 1,000 SkyMiles®.
  • Gift cards: Points are worth $0.01 each.
  • Merchandise: Points are worth $0.005 each.
  • Travel: The value of points vary.
  • Pay with points at checkout or via statement credit: The value of points vary and are often less than $0.01.

Alternatives

Chase Slate®

Intro BT APR

0%

Introductory rate

Balance Transfer Fee

$0 intro balance transfer fee when you transfer a balance during the first 60 days your account is open. After 5% of the amount transferred, with a minimum of $5.

Regular Purchase APR

16.24%-24.99%

Variable

Duration

15 months

LEARN MORE

The Chase Slate® offers the same balance transfer offer as [card.913.name], but is a more basic card. There are no rewards or standout perks, so this card is better suited for people only looking for a no-frills balance transfer card, or those who don’t want to be distracted by rewards while they pay down debt.

Blue Cash Everyday® Card from American Express

Annual fee

$0

Cashback Rate

3% at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%), 2% at U.S. gas stations & select U.S. department stores, 1% on other purchases

Regular Purchase APR

14.24%-25.24%

Variable

LEARN MORE

Terms Apply

Rates & Fees

The [card.381.name] has a rewards program that is also geared towards U.S. supermarket shopping, but offers higher rates (it also includes U.S. gas stations and at select U.S. department stores in the higher rate). Keep in mind this is a cash back card, so you have different redemption options compared to [card.913.name].

Bottom Line

[card.913.name] is a well-rounded card with a rewards program favoring U.S. supermarket purchases, a standout intro offer, and signature Amex additional perks. Terms apply. If you’re looking to transfer a balance and make a large purchase, this card has the best offer on the market allowing you to benefit from 0% intro periods as well as rewards on new purchases.

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