What is the Amex EveryDay APR?

The American Express interest rate is 13.99% (V) to 24.74% (V), depending on creditworthiness and the specific American Express credit card. Some American Express cards also offer a 0% introductory interest rate, lasting for a specified number of months. The EveryDay, Blue Cash EveryDay, and Cash Magnet cards offer 0% interest for 15 months on purchases. With the Blue Cash Preferred and EveryDay Preferred cards, you can make purchases for 12 months at 0% interest.… read full answer

An American Express card with a 0% interest rate allows you to finance big-ticket purchases for several months without the costly interest charges.

Business owners have four American Express 0% interest rate credit cards at their disposal. The Blue Business Plus Credit Card from American Express is the best of the lot with a 0% interest rate for 12 months on Purchases. The Blue Business Cash card also gives you 0% interest for 12 months on purchases only.

American Express Interest Rates by Card:

• Amex Everyday card: 12.99% - 23.99% (V)
• EveryDay Preferred: 12.99% - 22.99% (V)
• Blue Cash Everyday: 13.99% - 23.99% (V)
• Cash Magnet: 13.99% - 23.99% (V)
• Blue Business Plus: 13.24% - 19.24% (V)
• Blue Cash Preferred: 13.99% - 23.99% (V)
• Blue Business Cash: 13.24% - 19.24% (V)

You will need good to excellent credit to qualify for an American Express credit card with a 0% interest rate. That’s a credit score from 700 to 749 (good) and 750+ (excellent). American Express will also review your payment history, employment, income, your level of debt, and other factors. If you’re applying for a business credit card, your personal credit history will play a significant role in the evaluation process.

The Amex EveryDay credit score requirement is 700 or above. In other words, you need good credit or better to get the Amex EveryDay. Some people think good credit starts with a score of 660, and it may work out that way in some situations, but WalletHub has found that people with a 700+ credit score have way higher approval odds for credit cards that require good credit or better. You can … read full answercheck your latest credit score for free on WalletHub.

A majority of American consumers have good or excellent credit, but if you don’t fall into that range, don’t stress. There are steps you can take to improve your credit and several alternative offers to investigate in the meantime.

Here’s the scoop on Amex EveryDay credit scores:

• For a realistic chance at getting the Amex EveryDay, you need a credit score of 700, at a minimum. That means you need good credit or better for approval. If you want to know where you stand, you can check you score for free and if needed, consider steps you can take to improve it.
• If you don’t have the credit score needed for Amex EveryDay, you can still get a credit card. It won’t be an Amex because all American Express credit cards require at least good credit for approval. But there are plenty of options for people with fair, limited or bad credit from other credit card companies.
• Your credit score isn’t the only thing that will affect your ability to get Amex EveryDay. Your total income and how much you already owe is also particularly important.

So you can consider the Amex EveryDay’s credit score requirement to be 700+. But if you don’t meet the grade, there are other rewards cards with easier approval requirements. And if your credit really needs rebuilding, a secured card is the way to go.

Amex EveryDay vs. Amex EveryDay® Preferred Credit Card comes down to rewards vs. fees.

The Amex EveryDay has a $0 annual fee, while the Amex EveryDay Preferred charges $95 per year. But the Amex EveryDay Preferred offers better rewards: Higher initial bonus points, earn rates, and a bigger bonus for frequent use. So, it really depends on how much you plan to use your card and what you plan to buy.… read full answer

Here’s the breakdown for Amex EveryDay vs. Amex EveryDay Preferred:

• Annual fee: $0 for the Amex EveryDay, $95 for the Amex EveryDay Preferred.
• Initial bonus: The Amex EveryDay offers 10,000 points after spending $1,000 in the first 3 months. The Amex EveryDay Preferred offers 15,000 points after spending $1,000 in the first 3 months.
• Rewards: The Amex EveryDay 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. The Amex EveryDay Preferred offers 1 - 3 points per $1.
• Frequent buyer bonus: The Amex EveryDay gives you 20% extra points for using your card 20 times. The Amex EveryDay Preferred gives you 50% extra points for making 30 purchases in a billing period.
• Benefits: The one notable benefit offered by Amex EveryDay Preferred and not Amex EveryDay is return protection. Amex EveryDay Preferred covers you up to $300 per item up to a maximum of $1,000 per year for purchases the seller won't take back up to 90 days from the date of purchase.

Both Amex EveryDay and Amex EveryDay Preferred allow you to redeem points for Amex travel, gift cards and Uber rides. You get one cent per point those ways. Or you can transfer your points to a partner airline’s miles. Transfers are done at a 1:1 ratio, but airline miles values can vary widely.

Assuming you’re redeeming for one of the standard options, you’d only need to spend a few thousand dollars in groceries to make the Amex EveryDay Preferred card worth it. But if groceries, gas, and travel aren’t big spending categories for you, Amex EveryDay is a better way to go.