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Last updated on Feb 28, 2020

Amex EveryDay® Credit Card

The Best $0 Balance Transfer Card for Paying Off your Debt Smarter and Faster ​
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American Express Everyday Credit Card

  • Rewards
  • $0 balance transfer fee
  • No annual fee
  • Fraud protection
  • Car rental insurance
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How We Reviewed AMEX Everyday Credit Card

4 cards compared

7 features evaluated

20 hours researched

The American Express Everyday credit card is an excellent choice for any consumer. Although, it’s best suited for people who want a $0 annual fee credit card and, as the name states, solid rewards for everyday purchases at the grocery store and when booking flights. However, it also provides value as a balance transfer card and is ideal for people who want to get out of debt.

While rewards are a selling point of this card, they don’t provide the best value on the market. Customers get 2x points for each dollar spent at the grocery store, 2x points per dollar on eligible travel purchases booked through amextravel.com, and 1x point per dollar on everything else.

The card’s balance transfer benefits are much more compelling. There’s a $0 balance transfer fee when you make a transfer within the first 60 days after opening an account. Additionally, American Express offers 0% APR on purchases and balance transfers for 15 months, which then flips to an APR of 14.49% – 25.49%.

American Express Everyday Credit Card Overview

Rewards Rate
  • Customers earn 2x points at the grocery store
  • 2x points on eligible travel purchases
  • 1x point per dollar on everything else.
  • Sign Up Bonus
  • New customers get 10,000 points after spending $1,000 in the first 3 months.
  • You can also get a 20% points bonus for each billing period you use the card at least 20 times. Note: Due to the impact of COVID-19, for eligible Card accounts approved from December 1, 2019 through May 31, 2020 for which you are eligible for a welcome offer, the period to make eligible purchases to earn your welcome bonus will be extended for an additional 3 months. Eligible Cards are U.S. Consumer and Business Cards issued by American Express National Bank to a Basic Card Member.
  • Annual Fee
    $0
    APR
    14.49% – 25.49% (0% for 15 months)
    Additional Fees
  • Balance Transfer Fee: $0 for the first 60 days
  • Foreign Transaction Fee: 2.7%
  • Features
  • $0 balance transfer fee
  • No annual fee
  • Fraud protection
  • Car rental insurance
  • Pros Cons
    No Annual Fee: $0 annual fee for all customers
    Good Rewards: Decent reward options for supermarket, travel and everyday purchases
    Free Balance Transfers: $0 balance transfer fees for the first 60 days
    High APR: 0% APR only lasts for 15 months before high rates kick in
    Foreign Transaction Fee: The foreign transaction fee of 2.7% is higher than comparable cards

    Who Should Get American Express Everyday Credit Card?

    Best for: This card is best for people who want a $0 annual fee credit card with rewards that can put some money back in their pocket. It’s also an excellent option for people in debt who want a better rate on their credit card.

    Not for: This card isn’t for the person looking for outstanding rewards. The card offers decent rewards at best, and there are far better options on the market for travel points and cash back purchases.

    Main Benefits

    No annual fee

    This card has no annual fee, which is a huge draw for many customers, especially people who are already facing debt. Regardless of how often you use the card, or how long you’ve been a cardholder, you’ll never pay to keep this credit card in your wallet.

    Decent rewards

    The American Express Everyday card has some good reward options, especially for people who use their credit card to shop at the grocery store or book travel. Customers can earn 2x points at the grocery store, 2x points on travel booked through amextravel.com, and 1x on all other purchases.

    Free balance transfers

    We also like this credit card for its balance transfer offerings. New cardholders can get a $0 balance transfer within 60 days of opening the account. $0 balance transfers are a great option for people who want to roll over their debt to a credit card with lower rates. As long as you pay off your transfer balance debt in the 15 months you will not pay any interest on that portion.

    Possible Drawbacks

    High APR

    This credit card offers 0% APR for balance transfers for the first 15 months after the account opens. Even though this is an enticing offer, there are other cards out there offering 0% APR for longer. If you need more time to pay off your balance transfer debt, you may want to go with a card providing 18+ months. Additionally, this card’s top end APR can reach 25%, which is higher than other cards.

    Foreign transaction fees

    If you’re a frequent world traveler, this card might not be for you. It has a 2.7% foreign transaction fee, which can add up quickly if you travel abroad frequently.

    The Competition

    Amex EveryDay® Credit Card
    Discover it® Balance Transfer
    HSBC Gold Mastercard® credit card
    Citi® Diamond Preferred® Card
    Rewards Rate
  • 2x points at the grocery store
  • 2x points on eligible travel purchases
  • 1x point on everything else
  • 5% cash back on rotating quarterly categories (i.e., grocery stores, CVS, gas stations, Amazon, etc.)
  • Up to $1,500, and 1% cash back on all other purchases.
  • None
    None
    Sign-up Bonus (+ $Value if available)
  • New customers get 10,000 points after spending $1,000 in the first 3 months
  • 20% points bonus for each billing period when the card is used at least 20 times
  • Discover matches all cash back earned at the end of your first year, with no limit.
    None
    None
    Annual Fee
    $0
    $0
    $0
    $0
    APR
    14.49% – 25.49% (0% on purchases and balance transfers for 15 months)
    13.49% – 24.49% (0% on purchases for 6 months, and on balance transfers for 18 months)
    14.49% – 24.49% (0% on purchases and balance transfers for 18 months)
    15.24% – 25.24% (0% on purchases for 12 months, and on balance transfers for 21 months)

    *All information accurate as of 02/28/2020.

    American Express Everyday Credit Card compared to Discover it Balance Transfer:

    The American Express Everyday credit card and the Discover It Balance Transfer card share some similarities. American Express offers 0% APR on balance transfers for the first 15 months after opening an account, whereas Discover offers a longer window of 18 months.

    However, depending on your situation, the American Express card may be a better option because it not only has that $0 balance transfer fee – it also provides 0% APR on purchases for that 15 months as well. Discover it offers $0 APR on purchases for only six months. Discover’s card comes with a 3% introductory balance transfer fee, which increases to 5% on balance transfers made after the intro period. What this means is for every $1,000 you transfer – you’ll get hit with a $50 fee.

    If you’re thinking about a balance transfer card, it’s safe to assume you’re holding onto some debt you want to pay off. Even though Discover’s 3-5% balance transfer fees are standard, you’re still losing money with each transfer. With American Express’ card, there’s no fee, so you’re not adding to your debt.

    Earning Rewards

    It’s never been easier to earn perks on your everyday purchases. With American Express Everyday Credit Card, you can earn points by:

    • Everyday Spending – Get 2x points at the grocery store and on travel purchases, and 1x on everything else.
    • Sign Up Bonus – New customers get 10,000 points after making $1,000 in purchases in the first 3 months.
    • Card Usage: Get a 20% points bonus for every billing period you use the card at least 20 times.

    For more information on how to redeem your rewards, check out our American Express Membership Rewards redemption guide.

    The Bottom Line

    We recommend the American Express Everyday credit card for people with balance transfer debt looking for a $0 annual fee card. This card doesn’t offer the most impressive rewards, but if you’re looking to pay down your debt quickly, it can put some money back into your pocket.

    About the Authors

    Elizabeth Rivelli

    Elizabeth Rivelli Contributing Writer

    Elizabeth Rivelli is a Rhode Island-based copywriter and content marketing consultant. She has expertise writing about home, auto and business insurance, and has been published in widely-read publications, including the Simple Dollar, Bankrate and Decision Data. Elizabeth holds a BA in Communications from Northeastern University in Boston.