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Deciding between the Amex EveryDay and Chase Sapphire Preferred cards

by on Mon March 3, 2014 • 3 Comments

Amex Everyday cards
Amex Everyday card

The new American Express EveryDay Preferred credit card, which is available starting April 2, 2014, is a legitimate new contender in the race for getting the most reward value out of your credit card spending.

For a few years now the Chase Sapphire Preferred Card has been an easy choice for saving for travel rewards, thanks to 2x points on dining and travel spending, and powerful point transfer partners including Southwest Rapid Rewards and United MileagePlus  which make getting good value out of flight awards easy.

Chase Sapphire Preferred CardBut the Amex EveryDay Preferred is making that decision harder because it is possible to earn over 2x Membership Rewards points on your total spending with the EveryDay Preferred without a lot of effort. And those Membership Rewards points can be transferred to many airline mile programs including Delta, British Airways, and Air Canada, while the annual fee is the same as the Sapphire Preferred at $95. You can also use points as cash towards travel with 10,000 points = $100 in travel, a truly hassle free fall back option.

Here’s why the EveryDay Preferred earns so quickly…

  • The EveryDay Preferred earns a 50% bonus on all of the points you spend each month as long as you use the card for 30 transactions of any size, which basically means using the card once a day. That’s not tough for a lot of us.
  • And it earns 3 points per dollar on grocery store spending, though that is capped at $6,000 in spending per year.
  • You also get 2x points per dollar on all gas station spending
  • The 50% bonus counts on the points you earn from gas and grocery spending so you can earn 4.5 points per dollar on grocery store spending and 3 points per dollar on gas station spending.

Our upfront advice is this:

CardFinder EveryDay cardUse our CardFinder tool to see exactly how the cards compare on point earning based on your monthly spending. We’ve factored in differences in value per point to help you see which will save you more.

It’s the only way to get a really accurate picture, though to get the best comparison make sure you check the results for ‘ongoing years’ and not just the first year because the EveryDay card doesn’t have a big sign on bonus.

Some basic guidelines for comparing the cards are:

  1. If you spend a few hundred dollars a month in gas and groceries and hit the 50% bonus each month you’ll earn over 2x points per dollar and the Amex EveryDay Preferred is for you. That beats the Chase Sapphire Preferred for basic domestic travel and you can run the numbers with our CardFinder tool to see how much of a difference there is. If the EveryDay offers 20% or more points go with it.
  2. If you really value United, Hyatt, or Marriott points, stick with the Chase Sapphire Preferred. The EveryDay Preferred won’t help you with those programs and building on the balances you have from flying and staying is a good use of your spending.
  3. If you don’t spend much in gas and groceries and spend a lot on travel and dining, stick with the Chase Sapphire Preferred
  4. A good companion for the Chase Sapphire Preferred is a no annual fee version of the Amex EveryDay, which earns a 20% bonus on spending with 20 transactions a month, and 2x on groceries, but no bonus on gas spending

How point earning stacks up

grocery bonusThe Amex EveryDay card’s 50% bonus and gas / grocery category boosts add up to powerful earning. Here are some examples versus the Chase Sapphire Preferred with $2,000 a month in spending:

With $200/ month dining, $200 gas, $500 groceries

  • Amex EveryDay Preferred: 57,600 points
  • Chase Sapphire Preferred: 28,248 points

With $500/ month dining, $200 gas, $500 groceries, $200 travel

  • Amex EveryDay Preferred: 57,600 points
  • Chase Sapphire Preferred: 34,668 points

With $500/ month dining, $0 gas, $0 groceries, $200 travel

  • Amex EveryDay Preferred: 36,000 points
  • Chase Sapphire Preferred: 34,668 points

So even if you don’t spend in the gas or grocery categories it’s still possible to earn more points with the EveryDay Preferred than the Chase Sapphire Preferred because of the 50% bonus on all points when you use the card 30 times each month.

You can see for yourself how point earning stacks up for the EveryDay Preferred, Chase Sapphire Preferred, and dozens of other travel rewards cards with our CardFinder tool.

But earning is only half of the value

Unfortunately while the Membership Rewards points the EveryDay card earns and the Chase Ultimate Rewards points the Sapphire Preferred earns sound similar, they are actually quite different.

Let’s take domestic flight awards for example.

  • The Chase Sapphire Preferred lets you transfer points to Southwest Rapid Rewards, where your point are worth at least 1.4 cents each, or 10,000 points = $140 in travel value. Or, you can simply use the points to buy flights on any airline at 1.25 cents each, or 10,000 points = $125 in travel value.
  • The Amex EveryDay doesn’t let you transfer to Southwest and when you use points to buy flights they are worth 1 cent each, or 10,000 points = $100 in travel value.
  • It does let you transfer to Delta Airlines, but usually domestic tickets on Delta get you a value of about 1 cent per mile, less than Southwest’s value. You could also transfer to JetBlue and that makes your points worth about 1.2 cents each, but JetBlue doesn’t fly to nearly as many cities as Delta or Southwest.
  • So while the Chase Sapphire Preferred always gets you 1.25 – 1.4 cents in value per point for domestic flights, the Amex EveryDay will get you more like 1 – 1.2 cents in value per point. You’ll need to earn more Amex EveryDay points to get the same value the Chase Sapphire Preferred offers.
  • For international business and first class travel, advanced users will get more out of the Amex EveryDay card thanks to exotic airline transfer partners like ANA, Singapore Airlines, and Air France / KLM, offering unique values for these awards if you’re willing to do some legwork.

The good news is we’ve done that math for you, so when you use our CardFinder tool the reward value we use factors the different point values to help you out. But the rule of thumb is unless you have a bunch of Delta SkyMiles to top off, you’ll need to earn about 20% more points with the EveryDay card to get more value than the Chase Sapphire Preferred. And that’s not hard with the 50% bonus on points earned each month you make 30 or more transactions.

Consider the EveryDay no annual fee version

If you are set on your Chase Sapphire Preferred you can still take advantage of the EveryDay card and some of its bonuses.

While it’s a lot to ask to carry two $95 annual fee cards in your wallet, there is a no annual fee version of the EveryDay card, and it earns a 20% bonus when you have 20 transactions in a billing month and offers 2x points on grocery spending (2.4x with the 20% bonus), up to $6,000 in spending per year.

So you can use the Sapphire Preferred where it’s strong – dining and travel, and the EveryDay for groceries and getting a 20% bonus each month. Then as you use it you can decide whether you want to upgrade to the EveryDay Preferred and focus more of your spending there.

And you can even justify carrying both the $95 EveryDay Preferred and Chase Sapphire Preferred.

As long as the EveryDay Preferred earns you an extra 10,000 or so points a year than other options it’s made back its $95 annual fee in value. That takes spending just $500 a month on groceries and hitting the 30 transaction per month bonus. And the Chase Sapphire Preferred will pay for itself if you use it for nothing but travel and dining spending as long as you spend about bout $800 a month on it.

Comparing travel benefits

While both the Amex EveryDay Preferred and Chase Sapphire Preferred have good protection for purchases, there are some key differences in travel benefits, including:

  • Chase Sapphire Preferred: No foreign transaction fees, flight delay coverage, baggage delay coverage
  • Amex EveryDay Preferred: Foreign transaction fee charged, no flight delay coverage, no baggage delay coverage
  • Winner: Chase Sapphire Preferred with no foreign transaction fees and better trip  coverage

You shouldn’t overlook the value of the Chase Sapphire Preferred’s flight delay coverage. If your flight is delayed 12 hours or more, or overnight you’ll get reimbursed for several hundred dollars worth of expenses like hotels and meals when the airline leaves you out in the cold. That’s especially valuable when bad weather hits because airlines have no responsibility to help you out when weather causes a delay, and you could be stranded for days at a time. All you have to do is book your ticket with the Sapphire Preferred Card to be eligible for the benefit.


The new Amex EveryDay Preferred and the Chase Sapphire Preferred Card are both great credit cards for rewards. They combine the flexibility of transferable points with powerful category earning boosts to give you really solid reward value. It’s hard to go wrong with either, but for the first time the Chase Sapphire Preferred has some serious competition for a lot of spending. There’s some tricky math involved, but our CardFinder tool will help you sort through it.

The following two tabs change content below.

Chase Sapphire Preferred® Card

Miles dont expireas long as card is open
Learn more

Partner Offer

50,000 bonus points

Intro Offer

$0 introductory annual fee, then $95

Annual Fee


Foreign Transaction Fee Waived


Points Can Transfer to Airline Miles ?

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3 thoughts on Deciding between the Amex EveryDay and Chase Sapphire Preferred cards

  1. jj

    fyi, I tried your calculator. Something is wrong as it has been with other tools online. The CSP has no FTF yet it shows the charge. I put in $5k of foriegn transactions and the AEP came out front which is wrong. There is no way that AEP can come out ahead of CSP with 2.7% foriegn fee and csp having none. Other note is that AEP is based on transactions and not on accumulation like spg. In spg i am guranteed 1.25 % as long as I wait for the 20k. I doubt that normal people or cost saving people are going to do 30 transactions that fit the aep card. CSP gets the same value regardless of any requirements. AEP seems like a great card for people who don’t have anythign but csp and freedom. My hats to them. If it had no FTF I would’ve gotten it in a heartbeat.

    1. MileCards

      @JJ – You are right on forex fees – there was a database error, and it’s updated now so the Everyday doesn’t reflect savings on forex fees. On the CSP you will see a dollar amount in the forex line, and that represents the implied *savings* versus the 3% fee most cards charge. We will think of clarifying that language in an update.

      As for the transaction requirement, yes you are right not everyone will hit that – which is part of what the are banking on. But we assume anyone looking to maximize rewards will want to include that in their reward potential calculation.

      As for Blue Preferred – you’ve figured out one of the reasons that product still has a reason for being. You could argue using the Everyday Preferred just for groceries and really small transactions just so you can transfer them to SPG (if you’re earning at 4.5 points per dollar the dilution to SPG doesn’t look so bad). But you’re already earning 6% on groceries to hard to win out there unless you are willing to ascribe market value to your ANA premium cabin awards.

  2. jj

    awesome comparison and the best one out there yet. My problem is a bit complex. I already have a 75$ amex blue preferred card that gets 6%. Unless I can combine the usage for my blue preferred and the spg amex I don’t see how I can justify having an amex everyday pref card. Can you do a comparison analysis with the blue pref in the mix. I already have CSP and it will be permanent since Amex will never have a no FTF card at the comparable annual fee as CSP plus it is visa. CSP having a permanent spot in my wallet, the combination of everyday pref and blue preferred negates each other for the most bonus. No credit card points or cash back has given me 6% worth as blue pref has. I plan on using the spg points for singapore or ana flights. But the everyday doesn’t help with hotels. spg already is at 1.25 % w 20k pts transfer. I’ll hit gold status by or before mid year so that adds another 1% on hotel stays bringing it up to 3% for spg hotels. Just my two cents. If I didn’t have the amex blue pref the amex everday pref is a great compliment to csp. I just don’t see how I can maxmize since I’ll lose out on hotels and groceries.


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