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.
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 a public sign-up bonus worth 15,000 MR points. It can be earned after spending just $1,000 in the first 3 months. This bonus is meager compared to competing cards with similar annual fees. I wish Amex would increase the bonus on this card to better compete with the likes of Chase and Citi.
The Everyday Preferred Card also has an annual fee of $95 (NOT waived the first year).
Earning points is fantastic, but points earned are useless if you cannot redeem them for anything of value. Amex has multiple options for redemption:
American Express’ 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.
- Choice Privileges
- Hilton (1 MR = 2 Hilton Honors Points)
- Aer Lingus
- Aeromexico (5 MR = 8 Premier Points)
- Air Canada
- Air Italia Millemiglia
- Asia Miles / Cathay Pacific
- Avianca Lifemiles
- British Airways
- Delta Airlines
- El Al Israel Airlines (50 MR = 1 Matmid Point)
- Etihad Guest
- Hawaiian Airlines
- 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).
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 American Express Blue Cash Preferred. 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.
Perk: Return Protection
The Everyday Preferred has one significant perk. That perk is Return Protection and it could justify the card’s annual fee if used enough.
American Express Everyday Card
The Amex Everyday Card is the Everyday Preferred card’s little “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 it between 20 and 30 times per month.
Like the Everyday Preferred, you will still receive a points bonus. However, the Everyday Card’s 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.
This 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.
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
The Sapphire Preferred Card is the most direct competitor to the Everyday Preferred. It has a sign-up bonus worth 60,000 UR points after spending $4,000 in the first three months. Both cards have $95 annual fees.
Conversely, you will earn 2x Chase Ultimate Rewards (UR) points on Dining and General Travel purchases. 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.
The Citi Premier provides you the opportunity to earn Citi Thank You (TY) points for a $95 annual fee (NOT waived the first year). Citi’s partners might be a good fit for you if you often travel internationally. However, this card is not 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.
The Premier also has a sign-up bonus worth 60,000 TY points. It can be earned after spending $4,000 in the first three months. This bonus is much better than the one offered by the Everyday Preferred.
Overall, the Citi Premier is the better option given its better sign-up bonus and earning structure. Both cards are terrible options for perks.
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