Chase Freedom vs. Amex EveryDay comes down to whether you want extra rewards at supermarkets or in categories that change every 3 months. Amex EveryDay offers2 points per $1 on the first $6,000 you spend at supermarkets each year. For all other purchases, the card gives 1 point per $1 spent. Chase Freedom gives 5% rewards on the first $1,500 spent every quarter in certain categories. But you will have to sign up every 3 months to receive the bonus. You’ll get 1% back on all other purchases.
Amex EveryDay’s points are worth 1 cent each, equal in value to Freedom’s 1% cash back.
Convenience and consistency are the most meaningful differences between the two cards’ rewards, but there are a few other differences you should be aware of too. For example, both cards offer 0% for 15 months on purchases and balance transfers, but Freedom charges a balance transfer fee while EveryDay doesn’t.
Chase Freedom vs Amex EveryDay:
Annual Fee: Neither card charges an annual fee.
Balance Transfer Fee: None for EveryDay, 3% when you transfer during the first 60 days of account opening, with a minimum of $5 for Freedom.
Initial bonus: Chase Freedom gives $150 for spending $500 in the first 3 months. With Amex EveryDay, you get 10,000 points for spending $1,000 in the first 3 months.
Foreign transaction fees: 3% of each transaction in U.S. dollars for Chase Freedom and 2.7% for Amex EveryDay.
Credit required: You’ll need good credit for Amex EveryDay, while Chase Freedom requires good-to-excellent credit.
So Chase Freedom beats Amex EveryDay in terms of rewards, they tie for new-purchase financing, and Amex EveryDay wins for balance transfers.