The Amex Everyday Rewards Credit Card earns 10,000 membership points after you earn $1000 in online purchases within your first three months. 2x points at U.S. groceries, then up to $6,500 per year in online purchases (when 1x is applicable). You can earn more points, but the daily limits only apply to your first year of membership. These rewards can really add up, especially if you use the card regularly.
This is one of many ways that the Amex everyday credit card offers you flexibility with your spending. The ability to use cashback programs to help pay for everyday expenses is a very attractive feature for most people. This is one of the reasons that many people are choosing the card, even if they aren't planning on making any large purchases. The reward program is also enticing, and you can typically choose between different reward programs. You can get rebates on gas, groceries, and even on your everyday necessities such as toiletries, and other basic purchases.
This all sounds good, but what's the downside? Well, the reality is that not many people have been successful with the same everyday credit card rewards programs. Part of this has to do with the card itself. Many people don't mix it with their other monthly cards, and they tend to spend all their money in one place. The reality is that this doesn't always work out, and people must be disciplined enough to control their spending. Most of the time, they will spend less than they intended to, which means that they still have debt on their cards, even though they have spent all their cashback points!
Another problem is the ongoing monthly fee. When you compare the annual fee with the cashback points you can get, you might be shocked at how much additional cashback you end up getting. In some cases, the annual fee can be as high as $75. If you can manage to pay this fee every month, then you will be able to buy pretty much anything that you want. If you don't, then you are better off saving your money so that you don't have to pay it back. For most people, this isn't a big deal, but for those who are living paycheck to paycheck, this can be an annoying cost that eat into their monthly budget.
Finally, the biggest complaint about American Express is the fact that they charge an annual membership fee. While this is understandable, it makes sense for them to charge an annual membership fee for the credit card because they can gain more profit from their frequent customers. Still, the annual fee is an unnecessary expense for the most part. For those people who travel a lot, this fee is unnecessary, but for those people who don't travel much, it is a great way to keep their costs down with an all-inclusive card.
Overall, the Amex Everyday card gives you a lot of perks and benefits, including high credit limit, no annual spending fees, and no annual membership fees. However, you do have to be aware of the negatives that are attached to this card before you go out and apply for one yourself. If you can pay off the membership fee, the perks can be huge and you can really rack up points if you use the cards in a smart manner.
The Amex EveryDay Credit Card – Info & Reviews – Credit Card Insider – amex everyday | amex everyday
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