Contents
The American Express EveryDay Credit Card has Membership Rewards bonus points as an introductory offer. As with many other bonus offers from American Express, this one for the EveryDay Credit Card often updates. We’ve seen it range from 10,000 to 25,000 bonus points as of late. It just depends on the marketing protocol from Amex. Generally, you’ll find the best offer by initially going directly through their website.
We value 10,000 Membership Rewards points to be worth around $200. And 25,000 points around $500. The Amex EveryDay card doesn’t have an annual fee, so this welcome offer can be quite valuable.
As the name implies, the Amex Everyday card is meant to be used as an everyday rewards card. It offers bonus points at U.S. supermarkets on up to $6,000 in purchases a year.
If you want more bang for your buck and don’t mind paying $95 a year, check out other version of the Amex EveryDay card – the American Express EveryDay Preferred Credit Card.
| Bonus available | Earn 15,000 bonus points after you make at least $1,000 in purchases within the first 3 months of account opening. Offer updates often. |
| Bonus value* | $300 |
| Ongoing rewards/benefits | Get 2 points for every $1 spent at U.S. supermarkets (on up to $6,000 per year in purchases) and 1 point for every $1 spent on all other eligible purchases. Receive 20% extra points when you make 20 or more purchases in 1 billing period. |
| Foreign transaction fees? | 2.7% |
| Annual Fee | $0 |
*Bonus value is an estimated value calculated by MoneysMyLife and not the card issuer. Read our card review for more details.
View our latest valuations here.
Recommended Credit Score (Get Your Free Score)
PROS
- Welcome bonus
- Bonus category
- Monthly bonus
- Transfer partners
CONS
- Annual fee
- Good-Excellent credit needed to qualify
- Foreign transaction fees
CAPITAL ONE® SAVORONE® CASH REWARDS CREDIT CARD
The Capital One® SavorOne® Cash Rewards Credit Card has a $200 bonus when you spend $500 on purchases within 3 months of account opening. This card has no annual fee. The annual-fee version of this card is the Capital One® Savor® Cash Rewards Credit Card.
This SavorOne card earns unlimited 3% cash back on dining and entertainment spending. Grocery store spending earns 2% cash back. All other purchases earn 1% cash back. There are no rotating categories to worry about and the cash back won’t expire while the account is open.
Amex Everyday Card 15,000 Bonus Points Offer
Take advantage of the Everyday card’s 15,000 Membership Rewards bonus points offer. My valuation puts these points at around $300 (more on that below). Remember, offers for this card tend to change often.
*Compare all top card bonuses here.
To qualify, charge at least $1,000 to your card within the first 3 months of opening your account.
Here are some ideas on meeting the spending requirement:
What Are Membership Rewards Points Worth?
Like many other rewards cards, your points’ worth depends on how you use them. On average, one Membership Rewards point is worth up to an average $0.02. That’s an excellent value considering the average across different rewards cards is just $0.01 per point.
When it comes time to redeem your Membership Rewards points, you have a variety of options, including:
| Redemption Option | Value |
| Travel via Amex or Expedia | $0.005 – $0.01 / point |
| Transfer to travel partners | Varies by partner |
| Statement credits | $0.006 / point |
| Merchandise | Varies by retailer |
| Unique experiences | Varies by venue |
| Gift cards | Varies by retailer |
| Charity donations | $0.007 |
The best way to use your Membership Rewards points is to transfer them to one of 20+ travel partners. Use this strategy to get up to an average 2 cents per point in value. You’ll have to spend time searching for different booking scenarios with the transfer partners. But, you’ll thank yourself in the end.
Amex EveryDay Card Monthly Bonus
Like the Amex EveryDay Preferred Credit Card, the Amex EveryDay card comes with a bonus if you make a certain number of purchases within a billing period. Earn a 20% bonus on points if you make 20 or more purchases during one statement cycle.
With the monthly bonus, you’ll essentially be earning:
- 3.6X points at supermarkets
- 1.2X points everywhere else
That’s pretty good earning potential. Make one purchase a day, five days a week for 4 weeks, and you’ll hit the monthly bonus requirement.
Bottom Line
The Amex EveryDay Credit Card is a good fit for people who spend a lot of their budget on groceries and make many purchases every month. Plus, it doesn’t cost you anything to have in your wallet.
But if you’re looking for better earning potential, consider the Amex EveryDay Preferred card instead.
What’s The Competition?
Below are some of the top competitors to the Amex EveryDay credit card you should consider.
Your spending trends will determine whether a general rewards or category rewards card will be a better fit. Good no-annual-fee alternatives include the Capital One SavorOne Cash Rewards Credit Card, Chase Freedom and Chase Freedom Unlimited, and the Capital One Quicksilver Cash Rewards Credit Card.
CAPITAL ONE® SAVORONE® CASH REWARDS CREDIT CARD
The Capital One® SavorOne® Cash Rewards Credit Card has a $200 bonus when you spend $500 on purchases within 3 months of account opening. This card has no annual fee. The annual-fee version of this card is the Capital One® Savor® Cash Rewards Credit Card.
This SavorOne card earns unlimited 3% cash back on dining and entertainment spending. Grocery store spending earns 2% cash back. All other purchases earn 1% cash back. There are no rotating categories to worry about and the cash back won’t expire while the account is open.
CHASE FREEDOM FLEX℠
The Chase Freedom Flex℠ credit card is going to earn you a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. The welcome bonus comes in the form of 20,000 Ultimate Rewards points. This card has no annual fee.
This card earns 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (new categories each quarter). Travel purchased through Chase also earns 5%.
This card earns Ultimate Rewards (UR) points and is a popular option for a multi Chase card strategy. You can pool points together with consumer cards like the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®. Or, with a business card like the Ink Business Preferred℠ Credit Card. The 20,000 UR points could be worth around $400 with this strategy, rather than the standard $200. Read more on this here.
CHASE FREEDOM UNLIMITED®
The Chase Freedom Unlimited® credit card has an offer for $200 bonus cash after you spend $500 on purchases in your first 3 months from account opening.
This card also earns 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
The Chase Freedom Unlimited earns Ultimate Rewards points. Points can be pooled with those from other eligible Chase cards, such as the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® and Ink Business Preferred℠ Credit Card. More on this here.
CAPITAL ONE® QUICKSILVER® CASH REWARDS CREDIT CARD
The Capital One® Quicksilver® Cash Rewards Credit Card will earn a $200 bonus when you spend $500 on purchases within the first 3 months. The bonus offer is comparable to its top competitors, but this card earns a respectable 1.5% cash back on every purchase with no limit on how much you can earn. There are no spending categories to keep up with and the cash back won’t expire while the account is open.
People like this card because of the cash back rate, the flexibility to redeem your cash back for any amount, and there’s no annual fee.
| OFFER LINK | OFFER | OUR REVIEW |
| Chase Business Complete Banking℠ | $300 Cash | Review |
| Chase Total Checking® | $225 Cash | Review |
| Chase Secure Banking℠ | $100 Cash | Review |
| Chase First Banking℠ | $25 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience Checking℠ | $150 Cash | Review |
| HSBC Premier Checking | $450 Cash | Review |
| HSBC Premier Checking | Up To $600 | Review |
| Axos Business Checking | $100 Cash | Review |
| Aspiration Checking | $150/$200 Cash | Review |
| Ally Invest | Up To $3,000 | Review |
| Betterment | Up To 1 Year Free | Review |
| BlockFi | Up To $250 BTC | Review |
| Voyager (code BH5F1A) | $25 In BTC | Review |
| TradeStation | $100 Bonus | Review |
| Coinbase | $10 In BTC | Review |
| Robinhood | Free Stock | Review |
| Motley Fool | Stock Advisor Discount | Review |
Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.