The AmEx EveryDay Preferred Credit Card (EDP) Credit Card Overview
[Updated 2024.9] In addition to Amex EveryDay, today Amex EveryDay Preferred and Cash Magnet All application links for the cards have also been removed. It is not clear whether the cards will be discontinued or revised.
[Updated 2024.8] A new card design appeared in the AmEx app (HT: US Card Forum Max10), but the application link on the official website is still the old card image. Now you can replace the card to get the new card image. Some people speculate that this indicates that this card will be revised soon.
Application Link
feature
- 30k sign-up bonus: earn 30,000 MR after spending $2,000 or more within 3 months after account opening.
- The points earned from this card are Membership Rewards (MR), which we estimate to be 1.6 cents/point. See below for a brief introduction. Therefore, the highest sign-up bonus of 30k is worth about $480!
- 3x MR at supermarkets, 2x at gas stations, 1x at other categories.
- If the number of purchases reaches 30 or more in a billing cycle, the MR earned from the purchases in that billing cycle will be increased by 50%: 4.5x MR (~7.2%) for supermarkets, 3x (~4.8%) for gas, and 1.5x (~2.4%) for other categories.
- This card can be used AmEx OfferThere are often some good merchant discounts, such as Walmart $15 return $5, such as Amazon $75 return $25.
- This card can Refer a friend: If you recommend this card to a friend and they apply successfully, you can earn 10k MR points for each successful application, up to a cap of 55k / calendar year.
shortcoming
- The annual fee is $95, and the first year's annual fee is not waived.
- The annual (Calendar Year) supermarket 3x MR spending limit is $6,000, after that it is only 1x.
- according to Definition of American ExpressWalmart, Target, and Costco are not considered supermarkets, so you can only get 1x.
- This card is an American Express card, not a Visa or MasterCard, so some small Chinese supermarkets may not accept it.
- The 3x and 2x categories are only available in the U.S. But this card has a Foreign Transaction Fee anyway, so just don’t use it outside the U.S.
Introduction to MR Points
- The main credit cards that can earn MR points are:AmEx ED, AmEx EDP, AmEx Green, AmEx Gold, AmEx Platinum, AmEx Platinum for Schwab, AmEx Platinum for Morgan Stanley, AmEx Blue Business Plus, AmEx Business Green, AmEx Business Gold, AmEx Business Platinum etc.
- The MR points accumulated from each MR card are automatically accumulated to the same MR account.
- MR points never expire. Closing a card will not cause the MR points accumulated on that card to disappear, but if you close all MR cards, all MR points will disappear. In order to avoid the loss of MR points, it is recommended that you hold a no-annual-fee card for a long time. AmEx ED.
- If you hold any MR card, you can convert MR into some airline miles. The most common and cost-effective way to use MR is to convert 1:1 into All Nippon Airways (ANA, NH) Miles (Star Alliance). Other recommended miles include: Air Canada(AC)(Star Alliance),Delta Air Lines(DL)(Trina),British Airways(BA)(Universe),Cathay Pacific Asia Miles(Universe),Singapore Airlines(SQ)(Star Alliance),Air France-KLM Flying Blue(Trina),Virgin Atlantic (VS)(Non-alliance) etc. If used this way, the points are worth about 1.6 cents/point.
- Holders of any MR card can directly redeem points at a fixed value of about 1 cent/point on AmEx travel portal Book your flight online.
- In holding AmEx Platinum for Schwab If you have the MR points card, you can redeem them at a fixed rate of 1.1 cents/point. If you don’t like to study miles, this is a good option. If you don’t have this card, you can only redeem MR points at a fixed rate of 0.6 cents/point.
- In summary, we estimate the value of MR points to be approximately 1.6 cents/point.
- For more information on the MR Points system, seeMaximize the value of your credit card points” (review) andHow to earn MR points》《MR Points Usage》(Super detailed).
Recommended application time
- You can only get the sign-up bonus once in a lifetime, so be sure to wait until the highest offer in history appears before applying!
- When you apply for a card, AmEx may pop up a window to inform you that you cannot get the sign-up bonus for this card because you have a bad relationship with AmEx. In this case, just use your existing AmEx card more often and try not to close it. It may be possible to wait for a while. For details, see "AmEx pop-up analysis》.
- AmEx is not sensitive to the number of Hard Pulls.
- You can apply if you have a credit history of more than six months.
- The application interval for ED/EDP cannot be less than 90 days, otherwise the application will be cancelled.
- A maximum of 2 credit cards can be approved within 90 days. Charge cards are not subject to this rule. Cards approved on the same day will have their Hard Pulls combined.
- You can hold up to 5 AmEx credit cards at the same time, but charge cards are not subject to this rule.
Summarize
This card was considered One card flow The card has a relatively high return rate, but the MR points are becoming less and less useful, and then there are Citi Double Cash (DC),US Bank Altitude Reserve (UAR),Capital One Venture X This card is relatively weak as a card for buying groceries, but please note that it may not be the best choice for buying groceries.Comparison of common grocery/supermarket credit cards》.
I recommend a method to complete the number of consumptions. If the time is almost up and there are still a few consumptions left, you can use it to quickly complete the task:Amazon Gift Card ReloadThe minimum reload amount each time is$0.5【Update】$5. .
Related credit cards
- AmEx EveryDay (ED)
- AmEx EveryDay Preferred (EDP) (this article)
- AmEx Blue Cash Everyday (BCE)
- AmEx Blue Cash Preferred (BCP)
- AmEx Old Blue Cash (OBC)
Best downgrade option
After applying
- AmEx application status check Click here.
- AmEx reconsideration backdoor number: 877-399-3083. American Express actually protects its real backdoor very well. Generally speaking, when you call it, the customer service there will help you submit various requests. Unlike Chase, you cannot directly contact the person with decision-making power.
Sign-up bonus trend chart
Application Link
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