Michael Battle, WalletHub Credit Card Analyst
@mikebattle
The Amex EveryDay APR is 0% for the first 15 months your account is open. After that, it could be anywhere between 13.74% - 24.74% (V). The exact rate will depend on your creditworthiness, and will be determined when you open your account. You won’t have to pay any interest on purchases if you always pay off your balance by the due date, 25 days after the end of billing cycle.
The purchase APR is the most widely applicable rate, but purchases aren’t the only transactions Amex charges interest on.
Here are all the different types of Amex EveryDay APR:
- Introductory Purchase APR: 0% for 15 months
- Regular APR: 13.74% - 24.74% (V), based on credit standing. Your purchases will accrue interest at this rate once the 15 months introductory period is over.
- Cash Advance APR: 25.99% (V). Interest starts accumulating as soon as you withdraw your cash. And there’s a fee of 5% (min $10) for each cash advance transaction.
- Penalty APR: 29.99%. The penalty APR can be applied once you miss a payment or have a payment returned. You can get it withdrawn by making six consecutive payments on time.
- Plan It Fee: The Amex Plan It feature allows you to pay off large purchases into monthly payments for a fixed monthly fee rather than the purchase APR. You won’t pay fees for the 15 months introductory APR period. After that, the monthly fee along with the number of purchases and plans you can combine and their duration will vary based on factors such as creditworthiness, purchase amount(s) and your account history.
The Amex EveryDay APR you get will depend on the transaction you’re making, when you’re making it, and your creditworthiness. Amex EveryDay offers 10,000 points after spending $2,000 in the first 6 months. The card also offers 2 points per $1 spent on travel booked through amextravel.com and at supermarkets (up to $6,000 per year), and 1 point per $1 spent on all other purchases. So, it’s best used as an everyday spending-rewards card.
It’s worth noting that other cards offer both longer intro periods and lower finance charges. For example, the U.S. Bank Visa® Platinum Card interest-free period for purchases is 20 billing cycles (15.24% - 25.24% (V) regular APR, based on creditworthiness, thereafter). Another good option is the Simmons Bank Visa® which has a regular APR of 11% (V).

The Amex EveryDay® Credit Card from American Express
Amy Nelson, Member
@nelsona_22
You've got an intro period, for 15 months. After that, it'll be 13.74% - 24.74% (V).
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