Amex EveryDay Payoff Calculator 2026

Card data, May 13, 2026

• Issuer: American Express
• Network: Amex (proprietary)
• Card type: Revolving credit card (not a charge card)
• Purchase APR: 20.24-28.24% variable
• Annual fee: $0
• Balance transfer intro APR: 0% for 15 months
• Balance transfer fee: 3% of each transfer, $5 minimum
• Rewards: 2x Membership Rewards at U.S. supermarkets on up to $6,000 a year, 1x everything else; 20% extra points when you make 20 or more purchases in a billing cycle
• Points value: about 0.6 cents each on cash redemption, up to 2 cents transferred to airline partners
• Late fee: up to $40
• Foreign transaction fee: 2.7%
• Penalty APR: up to 29.99%
• Minimum payment formula: roughly 1% of the balance plus interest and fees, with a $40 floor (per the Schumer box)
• Typical FICO floor: 670

Source: Amex EveryDay terms, verified 2026-05-13.

TL;DR

The EveryDay sits at the low-fee, mid-APR end of the Amex Membership Rewards lineup. For paid-in-full users with grocery-heavy spend it makes sense; for revolvers it behaves like any other 20%+ APR card. The 15-month 0% intro on balance transfers is the most useful single feature for someone moving an existing balance.

Math worked example

$5,000 balance at 24.24% APR (midpoint of range):

• $150 per month: 47 months to payoff, $2,058 interest, total cost $7,058
• $200 per month: 30 months to payoff, $1,427 interest, total cost $6,427
• $300 per month: 19 months to payoff, $876 interest, total cost $5,876
• Minimum payment only (about 1% plus interest): 19 plus years, over $7,300 in interest

Under the TILA disclosure box every card issuer must show the minimum-payment time-to-payoff. The disclosed figure assumes no new charges and on-time payments.

Run your specific EveryDay numbers

The pillar tool accepts the EveryDay APR. Enter your specific Purchase APR from your most recent statement (the rate was set at application based on your credit profile and prime rate at the time).

For new applicants, the 15-month 0% intro APR on purchases AND balance transfers can move the math significantly. After the intro period, the variable APR (20.24-28.24%) applies to any remaining balance.

Why this card has a balance transfer feature and Platinum/Gold do not

The EveryDay is a credit card (with a preset credit limit and Schumer-box APR disclosure under the CARD Act). The Amex Platinum and Gold are charge cards with a Pay Over Time installment feature. Charge cards do not run traditional 0% APR balance transfer promos because they are designed to be paid in full; the EveryDay can take a transferred balance because it is structurally a revolving credit product.

0% intro APR balance transfer math

$5,000 transferred at 3% fee ($150) to the EveryDay 0% APR for 15 months:

• Pay $333 per month for 15 months: $5,000 cleared, $150 fee, total cost $5,150
• Savings versus carrying at 24.24%: about $1,200 in avoided interest

If you cannot clear the full balance in 15 months, the post-intro APR (20.24-28.24%) takes over on the remainder.

Avalanche priority

The EveryDay sits in the mid-APR range. If your specific rate is 26% or above, this is likely your highest-rate card and the avalanche method starts here. If you have a 28-29% store card or penalty-APR card in your wallet, that goes first.

The 20-purchase bonus and rewards math

The “20 or more purchases in a billing cycle” bonus adds 20% extra points across the cycle. For a $1,000 monthly spend at base 1x:

• Without bonus: 1,000 points at roughly $6 cash value
• With bonus: 1,200 points at roughly $7.20 cash value
• Effective rewards rate: 0.72%

A 0.72% rewards rate does not offset a 24% APR. The rewards story works only for transactors who pay in full. For revolvers, the math is identical to a no-rewards card carrying the same balance.

Should you keep EveryDay during payoff?

The EveryDay has no annual fee, so there is no carrying cost to keeping it open. Three rules:

1. Pay minimums plus extra on the EveryDay only if it is your highest-APR card.
2. Stop using it for new purchases while carrying a balance. The grace period is forfeited once a balance is revolved, so new purchases accrue interest from day one.
3. If you transfer the balance out, keep the EveryDay open at zero. Closing reduces available credit and raises your utilization ratio across remaining cards.

Where this card fits in the Amex stack

The EveryDay is the gateway Membership Rewards card for users who do not want an annual fee. Above it sit the Green ($150), Gold ($325), and Platinum ($695). The EveryDay is the only consumer card in the Membership Rewards family that runs 0% intro APR offers and accepts balance transfers, because the others are charge cards under different terms.

Sibling Amex cards

• Amex Green payoff calculator
• Amex Gold payoff calculator
• Amex Platinum payoff calculator
• Amex Cash Magnet payoff calculator
• Amex Blue Cash Everyday payoff calculator
• Amex Blue Cash Preferred payoff calculator

Other no-annual-fee cards

• Citi Double Cash payoff calculator
• Wells Fargo Active Cash payoff calculator
• Capital One Quicksilver payoff calculator

Related

• Credit card payoff calculator (home) , pillar tool
• Credit card payoff by card type , full hub
• Balance transfer calculator

Frequently asked questions

What is the APR on the Amex EveryDay Card?

The variable Purchase APR is 20.24-28.24% as of May 13, 2026 per American Express pricing. The rate is set at application based on your credit profile and floats with the prime rate published by the Federal Reserve. New applicants may receive a 0% intro APR on purchases and balance transfers for the first 15 months. Your exact rate appears on your monthly statement under “Purchase APR.”

Does the Amex EveryDay Card have an annual fee?

No. The EveryDay carries a $0 annual fee, which differentiates it from the rest of the consumer Membership Rewards lineup (Green at $150, Gold at $325, Platinum at $695). There is also no fee for adding authorized users. The trade-off is a lower rewards ceiling (2x at U.S. supermarkets up to $6,000 a year, plus a 20% bonus for 20-plus monthly purchases) versus the fee-bearing cards.

Can I do a balance transfer to the Amex EveryDay Card?

Yes. New cardholders typically receive a 0% intro APR on balance transfers for 15 months with a transfer fee of 3% of each transfer (5 dollars minimum). After the intro period, the variable purchase APR (20.24-28.24%) applies to any remaining balance. Amex does not run public 0% offers for existing cardholders; the 0% rate is application-time only.

What is the minimum payment on the Amex EveryDay Card?

Per the Cardmember Agreement, the minimum payment is roughly 1% of the new balance plus billed interest and fees, with a $40 floor. Paying only the minimum on a $5,000 balance at 24.24% APR keeps you in debt for over 19 years and costs more than $7,300 in interest. The disclosed time-to-payoff appears on every statement under the CARD Act minimum-payment warning box.

Are EveryDay points worth more than cash back?

Sometimes. Membership Rewards points redeem at about 0.6 cents each for statement credit (the worst redemption) and up to about 2 cents each when transferred to airline partners such as Delta SkyMiles, Air Canada Aeroplan, or British Airways Avios. For a paid-in-full user the transferred-points value matters; for a revolver carrying a balance at 20%+ APR, the points are eaten by interest within the first billing cycle.