Amex Everyday Cardmember Agreement

The American Express Everyday Card is a great option for those who want to earn rewards on their everyday purchases. But before you apply, it’s important to understand the cardmember agreement and stay informed about any changes to the terms and conditions.

Here are some important things to keep in mind:

1. Annual fee: The American Express Everyday Card comes with no annual fee. This means you won’t have to worry about paying a fee just for holding the card. However, some fees may still apply, such as foreign transaction fees.

2. Rewards program: With the American Express Everyday Card, you can earn 2X points at US supermarkets (on up to $6,000 per year in purchases, then 1X), 1X points on other purchases, and a 20% point bonus when you make 20 or more purchases in a billing period. These points can be redeemed for cash back, travel, merchandise, and more.

3. Interest rates: The interest rates on the American Express Everyday Card can vary depending on your creditworthiness. The variable APR for purchases is currently 12.99% – 23.99%. It’s important to pay your balance in full each month to avoid accruing interest charges.

4. Late payment and returned payment fees: If you miss a payment or your payment is returned, you may be charged a fee of up to $40. It’s important to make your payments on time to avoid these fees and any negative impact on your credit score.

5. Other benefits: The American Express Everyday Card also comes with benefits like purchase protection and extended warranty coverage, as well as access to Amex Offers for discounts and special deals.

It’s important to read the full cardmember agreement before applying for the American Express Everyday Card. This will give you a better understanding of the terms and conditions, as well as any fees or penalties that may apply. And as always, be sure to use the card responsibly and pay your balance on time to maximize your rewards and avoid any negative impact on your credit score.