AmEx EveryDay Card Review: No Balance Transfer Fees

Can the AmEx EveryDay Card benefit your finances?

American Express has been assisting people with their finances since 1850, and the company now counts itself as one of the U.S.’s largest card lenders, with 112.8 million cards in circulation. One of those cards is the American Express EveryDay Card, suited for people looking for advantageous introductory transfer benefits. Keeping reading to see if the AmEx EveryDay Credit Card is the right product for you.

AmEx EveryDay Credit Card at a Glance
APR 0% first 15 months, then 13.99%-24.99% depending on credit
Balance Transfers 0% first 15 months, then 13.99%-24.99% depending on credit, plus $0 balance transfer fee
Features Earn up to 10,000 membership rewards points with $1,000 or more in qualifying purchases in 3 months
Reward Points 1 point for every $1
Annual Membership Fee $0
Late fee $40
Information accurate as of Aug. 28, 2018.

Find Out: The Top 10 Most Exclusive Black Cards You Didn’t Know About

What You Need to Know About the AmEx EveryDay Card

Best for: People looking to earn rewards for shopping and save money on balance transfers.

Earn More Perks From Your Credit Card

The AmEx EveryDay Card can be used to redeem American Express Membership Rewards points for a number of goodies, including gift cards, travel purchases or merchandise. Points can also be transferred to participating travel and hotel companies, including Delta Air Lines and Hilton Honors.

Rewards points are always nice, but the card is also beneficial for people seeking to save money on balance transfers because the card offers 0% APR on transfers for the first 15 months upon opening an account, plus a $0 fee on transfers made within 60 days of opening the account.

Read: American Express Blue Cash Everyday Review

Best Features of AmEx EveryDay Card

Zero percent introductory APR with this American Express credit card is a gain for people wanting to make smaller payments, and the $0 fee and 0% APR on balance transfers requested within 60 days of account opening means this card also shines when trying to consolidate debt using transfers.

Earn More Perks From Your Credit Card

To entice potential AmEx customers, the EveryDay card comes with an introductory offer that earns members 10,000 membership reward points if they make $1,000 worth of purchases within the first three months of opening an account. There is a small risk associated with this reward in that if there is a delay in receiving your AmEx EveryDay Credit Card, your window for purchasing will be that much shorter. After making the qualified purchases, the points will be credited to your account two to three months afterward.

The card also grants you the ability to earn 20 percent extra points if you use your card 20 or more times within a billing cycle. After you meet requirement, the points you would earn otherwise get a 20 percent boost. You can earn twice the points up to $6,000 per year when shopping at supermarkets as well.

Compare: American Express’ 9 Different Travel Rewards Cards

American Express Everday Card: Good for Balance Transfer Needs

Earn More Perks From Your Credit Card

The American Express EveryDay Card works best for people looking to transfer balances while also gaining some rewards for their purchases. There are certain fees to look out for, however. The card has limited versatility out-of-country due to the foreign transaction fee, for example. Late fees and returned payment fees will both incur a charge of $40.

On the other hand, no annual fee means you’ll never be paying for this American Express card. Plus, you can continue accumulating more rewards points through the 20 percent gain feature; although, given the window per billing cycle, some savvy spending is required to maximize its usefulness. Even then, you can get a point for every $1 spent.

Customers looking for a card with long-term use should also consider the time caps for the card’s best features; after 15 months, the 0% APR features switches to a standard variable rate range.

Up Next: American Express Bank Review

More on Credit Cards

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by the companies included in the article. All fees and rates are subject to change at the issuers’ discretion. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met in order to obtain the interest rates listed. Rates and availability might vary by region. Verify terms and conditions before opening an account. 

Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been endorsed by American Express.

About the Author

Sean Dennison

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. After finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.

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