Amex EveryDay vs. Preferred: What's the Difference? (2024)

FAQs

Amex EveryDay vs. Preferred: What's the Difference? ›

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 offer, earn rates, and a bigger bonus for frequent use.

You can upgrade or downgrade between the Amex EveryDay® Credit Card and The Amex EveryDay® Preferred Credit Card from American Express, but not beyond — meaning you can't request a product change from one of these Membership Rewards-earning cards to, say, an AmEx card that earns cash back (like the Blue Cash suite of ...

If you're looking for rewards in everyday categories

The American Express Blue Cash Everyday Card offers a solid roundup of benefits for cardholders. In particular, it's ideal for spenders who frequently spend at supermarkets, at gas stations and on online shopping — all pretty average everyday spending categories.

Yes, you can have both the Blue Cash Everyday Card and the Blue Cash Preferred Card.

The Amex EveryDay credit score requirement is 700 or higher. In other words, you need good credit or better to get this card. Some people think good starts with a score of 660, 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.

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 offer, earn rates, and a bigger bonus for frequent use.

Credit limits for the Amex EveryDay® Preferred Credit Card can range from $1,000 to over $20,000. American Express determines your credit limit based on several factors, including your income and credit profile.

The Amex Blue Cash Everyday has no disclosed minimum income requirement. However, as with any credit card, you will need to have sufficient income to afford payments. When applying, your total annual income may include wages, retirement income, rental properties and other personal income you can rely upon.

Due to higher transaction fees than other cards, some merchants won't accept Amex cards. You can't get an Amex card without at least a good (670 or higher) credit score. Annual fees for Amex cards can be high. You must pay the balance on Amex charge cards in full each month, so you can't use them to “borrow” money.

Each month, you can decide to pay your balance in full, the minimum due, or any amount in between. Any amount not paid in full will incur interest.

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Credit limit

Credit limits on the Blue Cash Everyday® Card from American Express can range from $1,000 to $40,000 or more. When you're approved for this card, American Express sets a credit limit based on your income and overall creditworthiness.

You'll need a good to excellent credit score (670 to 850) to have the best odds of approval for the Blue Cash Everyday.

The Blue Cash Everyday® Card from American Express and the American Express Cash Magnet® Card are two of the easiest Amex cards to get approved for because they only require good credit. While the best American Express credit cards aren't that easy to obtain, there are several credit cards from other...

A credit limit is determined based on financial details and information we receive in your application. We review this information on a regular basis and may offer you a new credit limit during your membership.

Compared with many other American Express cards that earn Membership Rewards points, The Amex EveryDay® Preferred Credit Card from American Express charges a more palatable $95 annual fee.

Upgrades may only be available to a card member with a history of on-time payments or those with a certain credit score. If you've missed payments recently, you may want to establish a stable payment history over the next few months and then contact your issuer to apply for the upgrade.

If you want to upgrade or downgrade your Amex card, the next step to take is to call the issuer. Use the customer service number on the back of your credit card, and a representative will help. American Express also has a helpful online chat feature you can use to see about upgrading or downgrading your card.

Upgrading your credit card with American Express doesn't directly affect your credit score. Typically, when you apply for a new credit card, a card issuer will perform a hard credit check as part of the review process.

Cardholders must maintain an account in good standing for at least one year to be eligible for an upgrade. To check your eligibility, log into your AmEx account, go to the "Account Services" tab, then select "Card Management." You may see an offer to upgrade if you're eligible, or in the "Offers" tab in your account.