Amex EveryDay® Credit Card Review: 15 Months of Intro 0% APR

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If you’re about to make a large purchase and need a credit card to finance it, the Amex EveryDay® Credit Card could be a tool to help you out.

Amex EveryDay® is a credit card from American Express that touts a 15-month period for 0% APR for new purchases. After that, users will be subject to a variable APR that currently ranges from 12.99% to 23.99%.

In addition, the card offers a reward points program with a welcome offer on new spending.

But how does it match up in the competitive world of introductory rate credit cards? That’s what Team Clark intends to find out with this review.


Table of Contents

Team Clark has spent time evaluating the credit card market in categories like best options for 0% APR introductory periods. We compared the Amex EveryDay with the best cards in these segments of the market. And we determined that it’s a viable choice because of the 15-month introductory period.

As you’re making your decision on whether the Amex EveryDay works for you, please use this review in conjunction with money expert Clark Howard’s 7 Rules for Using Credit Cards.


What Is the Amex EveryDay Credit Card?

The Amex EveryDay is a credit card that positions itself for long-term use by allowing users to earn Amex Membership Rewards Points for new purchases.

It carries no annual fee and a 15-month introductory period for 0% APR on new purchases. The reward points program gets a boost from a welcome bonus offer and bonus spending categories.


Amex EveryDay: Specs and Perks

Before we get too far into whether or not this credit card is the right choice for you, let’s take a look at the fine print to determine some of the card’s features:

Bonuses and Perks

  • Introductory APR Periods: This card boasts an introductory 15-month 0% APR period for new purchases. After that, users will be subject to a variable APR that currently ranges from 12.99% to 23.99%.
  • Welcome Bonus: You can earn 10,000 Amex Membership Rewards Points by spending $1,000 on qualifying purchases within your first 90 days of card membership. That is roughly 10 times the standard rate of one reward point per dollar spent.
  • Monthly Points Boost: If you make at least 20 qualifying purchases with the card within a billing cycle, you’ll get an additional 20% on your Membership Rewards Points. For example, if you made more than 20 purchases in that billing cycle that earned a total of 2,000 rewards points, you’d actually be awarded 2,400 points.

Note: Terms and Conditions apply to these bonuses and perks, and enrollment for individual perks may be required to receive benefits.

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Membership Rewards Program

This card is eligible to participate in the Amex Membership Rewards Program.

The program lets you earn points on dollars spent with the card, and then you use those points to redeem rewards “from over 500 leading brands in travel, gift cards, merchandise, or entertainment.” Typically, the points are awarded at one point per dollar spent, but there are spending bonuses that offer the opportunity to multiply those rewards on certain purchases.

Here are the points categories:

  • 2x points on purchases at U.S. supermarkets, up to $6,000 per year. After crossing that threshold, you get 1x points.
  • 2x points on purchases made through Amex Travel.
  • 1x points on all other purchases with the card.

There is no cash value to these rewards points. Points are valued somewhere between 0.5 and 1 cent per point based on the type of rewards you redeem, according to NerdWallet. You can browse through the points redemption options here.

Cardholder Benefits

  • Car Rental Insurance: If you use this card to pay for your car rental, you gain access to complimentary supplemental insurance from Amex if you decline the coverage offered by the rental company. This is not a replacement for liability insurance and does have some limitations, so check the fine print before booking.
  • ShopRunner: This card comes with a complimentary subscription to ShopRunner, which delivers free two-day shipping and free returns for stores like Saks Fifth Avenue and Bloomingdale’s. You must opt-in by signing up here.
  • Fraud Protection: American Express offers no-liability coverage for fraudulent purchases made with this card.
  • Global Assist Hotline: If you’re more than 100 miles from home, Amex offers cardmembers access to its Global Assist Hotline. While this benefit doesn’t cover the costs of third-party services, it does give you access to 24/7 support on things like “emergency assistance and coordination services, including medical, legal, and passport referrals, emergency cash wires, and missing luggage assistance.”

Note: Terms and Conditions apply to these bonuses and perks, and enrollment for individual perks may be required to receive benefits.

Cardholder Fees

Here’s a quick look at some of the fees you may encounter with the Amex EveryDay card:

  • Annual Fee: None
  • Balance Transfer Fee: None
  • Cash Advance Fee: Either $10 or 5% of the total cash advance, whichever is greater
  • Foreign Transaction Fee: 2.7% of the total of each transaction after conversion back to U.S. currency
  • Late Payment Fee: Up to $40

Do you have experience with the Amex EveryDay card? Let us know how you like it in the comments below!

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