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How Amex EveryDay Preferred beats the Premier Rewards Gold Card from American Express

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This article was last updated Mar 26, 2014, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

The information related to the Amex EveryDay® Preferred Credit Card has been collected by CompareCards and has not been reviewed or provided by the issuer of this card.

Most American Express cards that offer Membership Rewards earn just one point per dollar on most purchases.

But the Amex EveryDay® Preferred Credit Card has changed that.

For an annual fee of $95 it earns:

  • 3x points at supermarkets on the first $6,000 per year
  • 2x at gas stations
  • 1x on all other purchases

The catch is that you need to use the card for at least 30 transactions each month to earn the full bonus amounts, which isn’t hard as the transactions can be of any size and it can work out to just one per day.

So if you can earn up to 1x points on everything you buy with the Amex EveryDay® Preferred Credit Card and earn 2x points on gas and 3x points at U.S. supermarkets, why would you consider paying more for cards like the Premier Rewards Gold Card from American Express?

The short answer is – unless you’re spending well over $500 a month on groceries or doing a lot of airfare spending every month the Amex EveryDay® Preferred Credit Card comes out well ahead of the Premier Rewards Gold Card from American Express.

Here are some examples of how many points you can earn in a year based on monthly spending habits…

$2,000/month total, $500 groceries, $400 gas:

Amex EveryDay® Preferred Credit Card: 61,200 points

Premier Rewards Gold Card from American Express: 34,800 points

$2,000/month total, $1,000 groceries, $400 gas

Amex EveryDay® Preferred Credit Card: 61,200 points

Premier Rewards Gold Card from American Express: 40,800 points

$2,000/month total, $1,000 groceries, $500 airfare, $400 gas

Amex EveryDay® Preferred Credit Card: 61,200 points

Premier Rewards Gold Card from American Express: 52,800 points

The Amex EveryDay® Preferred Credit Card comes out far ahead in all of those examples.

Now let’s say you spend $2,500/month and get the 15,000 point bonus on the Premier Rewards Gold Card from American Express…

$2,500/month total, $500 groceries, $400 gas:

Amex EveryDay® Preferred Credit Card: 70,200 points

Premier Rewards Gold Card from American Express: 55,800 points

$2,500/month total, $1.000 groceries, $400 gas:

Amex EveryDay® Preferred Credit Card: 70,200 points

Premier Rewards Gold Card from American Express: 61,800 points

$2,500/month total: $1,000 groceries, $500 airfare, $400 gas:

Amex EveryDay® Preferred Credit Card: 70,200 points

Premier Rewards Gold Card from American Express: 73,800 points

You can see the only case where the Premier Rewards Gold Card from American Express comes out ahead in these examples is when you have $500 in airfare spending and a lot of grocery spending beyond the cap on the Amex EveryDay® Preferred Credit Card.

So chances are your best bet is to switch to the Amex EveryDay® Preferred Credit Card and use it often if Membership Rewards points are your favorite. If you switch you won’t lose any of the points you’ve already earned and can use them in exactly the same way you have before.

One change you should be aware of is that the Amex EveryDay® Preferred Credit Card is a credit card, while the Premier Rewards Gold Card from American Express is a charge card which you must pay off in full each month. But we don’t think you should be using any point credit card without paying the card in full each month regardless.


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