The American Express Everyday Preferred is the upgraded version of the American Express Everyday Card. This card has two bonus categories that can be useful for everyday spend (hence its name).

Those who use a credit card for everything and have good sized grocery store and gas expenditures will like its earning structure. This is especially true if you use your card at least 30 times per month consistently. Travelers who want an MR-earning card with a modest annual fee will find their solution with this card as well.

Is the rewards-packed Everyday Preferred Card right for you?

 

Earning

The Everyday Preferred Card has a unique earning structure. It earns 3x MR points per dollar at US Grocery Stores, 2x points on US Gas Stations, and 1x on everything else. The bonus rates only apply for the first $6,000 spent per year.

Furthermore, you will receive a 50% points bonus if you use your card at least 30 times per month. This bonus gives you the potential to earn 4.5x at Grocery Stores, 3x at Gas Stations, and 1.5x on everything else.

The Everyday Preferred has no-annual fee and a public sign-up bonus of 15,000 MR points. It can be earned after spending just $1,000 in the first 3 months. Previously, the bonus has been as high as 30,000 points for $2,000 minimum spend. The Everyday Preferred Card also has an annual fee of $95 (NOT waived the first year).

 

Burning

Earning points is fantastic, but points earned are useless if you cannot redeem them for anything of value. Amex has multiple options for redemption:

Transfer Partners

American Express’ 21 transfer partners are this card’s most valuable redemption option. Amex transfers points at a 1 MR to 1 partner currency ratio unless otherwise noted.

Hotels
  • Choice Privileges
  • Hilton (1 MR = 2 Hilton Honors Points)
  • Marriott
Airlines
  • Aer Lingus
  • Aero Mexico (5 MR = 8 Premier Points)
  • Air Canada
  • Air Italia Millemiglia
  • Asia Miles
  • Avianca Lifemiles
  • British Airways
  • Delta Airlines
  • El Al Israel Airlines (50 MR = 1 Matmid Point)
  • Emirates
  • Etihad Guest
  • Hawaiian Airlines
  • Iberia
  • JetBlue (5 MR = 4 TrueBlue Points)
  • KLM Flying Blue / Air France
  • Nippon Airways
  • Singapore Airlines
  • Virgin Atlantic

Your mileage may vary for each partner. But for most partners, you should be able to easily redeem your points for at least 1.5 cents per point (CPP).

Other Options

I do not recommend redeeming for gift cards, merchandise, or statement credits. You will earn less than 1 CPP using these options. If cash back or gift cards are what you want, this card is probably not for you.

Don’t confuse this card with the Amex Blue Cash Preferred Card. The Blue Cash Preferred earns cash back and not points on similar purchases. Therefore, it might be a better option if cash back is more desirable than points.

 

Benefits

Despite its $95 annual fee, the Amex Everyday Preferred Card is not known for its perks. However, you still receive standard Amex benefits for being a card-member.

The Return Protection benefit helps you get your money back if If you’re unhappy with a purchase. American Express is one of the best in helping cardholders with returns.

 

Rules & Regulations

This card is subject to Amex’s Once Per Lifetime Rule, which states that you can only receive a sign-up bonus on any card once ever. Apply when the number of points is highest, and the minimum spend is lowest. Wait until the 30,000-point bonus comes if you can afford to spend $2,000 in 3 months.

 

Similar Cards

American Express Everyday Card

This is the Everyday Preferred card’s smaller “sibling”. It earns 2x MR points at Grocery Stores and just one on everything else (including gas stations). This card might be better for you if you plan to use your card between 20 and 30 times per month.

Like the Everyday Preferred, you will still receive a points bonus. However, this bonus is only 20% and the threshold is using the card 20 times per month. You can earn 2.4x points at Grocery Stores and 1.2x on everything else with the points bonus.

The Everyday card has no annual fee and a public sign-up bonus worth 10,000 MR points. This bonus can be earned after spending just $1,000 in the first 3 months. Targeted bonuses have been as high as 25,000 points.

Downgrading to this card is a great alternative to cancelling your Everyday Preferred Card (if you decide to do so). In turn, you will maintain your MR points balance, your credit history, and your relationship with American Express.

Chase Sapphire Preferred

This card is Chase’s most comparable competitor to the Everyday Preferred. The Sapphire Preferred has a sign-up bonus of 60,000 UR points after spending $4,000 in the first three months. Both cards have $95 annual fees (NOT waived the first year).

Conversely, you will earn 2x Chase Ultimate Rewards (UR) points on all Dining and Travel purchases around the world. The Sapphire Preferred also has better perks and travel insurances than the Everyday Preferred. Therefore, the Sapphire Preferred is the better card if perks and a modest annual fee are what you’re after.

Citi Premier

Citi’s mid-tier card provides you the opportunity to earn Citi Thank You (TY) points for a $95 annual fee. Citi’s partners might be a good fit for you if you often travel internationally. However, this card is not such a good fit for domestic travelers, despite its nice earning structure.

This card earn 3x TY points at Gas Stations and General Travel. You also earn 2x points on Dining and Entertainment, and one point on non-bonus spend. Furthermore, the Citi Premier also has a few nice perks that are comparable to those from the Chase Sapphire Preferred.

This card has a sign-up bonus of 50,000 TY points after spending $4,000 in the first three months.

 

Final Draw

The Amex Everyday Preferred Card is a great card for earning MR points stateside. While this card is not a perks card, it’s a great earner. You also can transfer MR points to Amex’s travel partners for a modest annual fee.

This is a great card for travelers who spend heavily at the grocery store and gas station. However, light spenders and those who want more perks or more travel-oriented bonus categories should look elsewhere.

Apply Today: American Express Everyday Preferred