Amex Everyday Preferred Credit Card

Amex Everyday Preferred Credit Card

Pros

  • 15,000 MR point signup bonus after $1,000 in spend in the first three months
  • 0% intro APR rate for 12 months on purchases and balance transfers
  • 3X points at supermarket, 2X points at gas stations, 1X on all others
  • 50% extra points after using card more than 30 times in one billing period
  • 2X points on spend through AmexTravel
  • Dropped phone protection

Cons

  • 3X points on grocery stores is limited to $6,000 per year
  • Annual fee is not waived during the first year
  • Limited insurance benefits

Summary

The signup bonus is rather small, especially in comparison to other cards at this price bracket. The bonus point categories are not unlimited, which limits the utility of the card in terms of high spend levels. The 50% bonus is fantastic for 30 or more uses per month. That can really pay out for some people who make many small purchases per month. The phone protection is a fantastic plus for the clumsy amongst us. There aren't many other cards that offer that the same benefit. Overall, it makes a fair value proposition, but should definitely not be in the first five or so cards that you acquire.

Amex Everyday Preferred Credit Card

$95
Amex Everyday Preferred Credit Card
4.2

Signup Bonus

3/10

    Earning Power

    4/10

      Point Utility

      7/10

        Benefits

        3/10

          Value

          4/10

                Amex Everyday Preferred Credit Card

                $95
                Amex Everyday Preferred Credit Card
                4.2

                Signup Bonus

                3/10

                  Earning Power

                  4/10

                    Point Utility

                    7/10

                      Benefits

                      3/10

                        Value

                        4/10

                              2 thoughts on “Amex Everyday Preferred Credit Card

                              1. Signup Bonus

                                3.2

                                Earning Power

                                3.8

                                Point Utility

                                7.4

                                Benefits

                                3

                                Value

                                3.8

                                The signup bonus is really low, but it is a good card to start in the MR world with if your credit score or income is not enough to justify the Preferred Rewards Gold or the Platinum. The annual fee is really annoying since it isn’t waived during the first year.

                              2. Signup Bonus

                                3.2

                                Earning Power

                                3.5

                                Point Utility

                                7.3

                                Benefits

                                2.3

                                Value

                                3.3

                                It is what it is. I have much better cards, but this was something I picked up in the beginning before I really got into churning.

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