MICHAEL BATTLE, Credit Card Gamer
@mikebattle
The The Amex EveryDay® Credit Card from American Express APR is 0% for the first 15 months your account is open. After that, it could be anywhere between 12.99% - 23.99% (V). The exact number will depend on your credit worthiness, 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 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. I’ll go through the rest below.
Here are all the different types of Amex EveryDay APR:
- Cash Advance: 25.24% (V). Interest starts accumulating as soon as you withdraw your cash. And there’s a fee of 5% (min $10) of the transaction, whichever is higher.
- Penalty: 29.24%. 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 You can get it withdrawn by making six consecutive payments on time.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 lets you split up large purchases into monthly payments for a fixed monthly fee rather than the purchase APR. You’ll pay $0 in fees for the first 15 months after opening your account. After that, the monthly fee is up to 1.33%% of the purchase.
The The Amex EveryDay® Credit Card from American Express APR you get will depend on the transaction you’re making, when you’re making it, and your credit worthiness. It’s worth noting that other cards offer both longer intro periods and lower finance charges. For example, the Citi® Diamond Preferred® Card interest-free period for purchases is 18 months, and the Discover it® Cash Back purchase APR starts at 12.99%. With two points per dollar at supermarkets and a 10,000 pointst signup bonus, the The Amex EveryDay® Credit Card from American Express is best used for earning rewards.

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 12.99% - 23.99% (V).
People also ask
Did we answer your question?