Blue Cash Everyday® Card from American Express

Margaret Drummond  in  Cash Back Advertising Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Best for gas and groceries

Annual Fee:
$0
Purchase Intro APR:
0% on Purchases for 15 months
Balance Transfer Intro APR:
0% on Balance Transfers for 15 months
Regular APR:
15.24%-26.24% Variable
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 89 out of 100

Commonly used for: 0% APR, Balance Transfer, Cash Back, Excellent Credit, No Annual Fee, Rewards.

The Blue Cash Everyday® Card is ideal for a commuter family. If you’re the type of family who enjoys the savings that come from clipping coupons but doesn’t want the hassle, then this could be the perfect card for you.

With bonus cash-back categories on spending at U.S. supermarkets, gas stations and some department stores, you can benefit right away just by doing your regular spending on food, gas and clothing.

American Express makes it simple, too. Cash back is awarded via “Blue Cash Reward Dollars” automatically when you spend. You can redeem these dollars for a statement credit, freeing up more room in your family budget. It’s like getting coupons every time you shop.

Blue Cash Everyday® is not flashy. There are some caps (see below) on your bonus category rewards, and then it reverts to a mediocre 1%. However, with no annual fee and a lengthy introductory APR, it’s a good fit for those who want simple savings (See Rates & Fees).

Here are the details

For no annual fee, ever, new Blue Cash Everyday cardholders get an easy-to-earn welcome offer of $150 when you spend $1,000 in purchases within the first 3 months.

Enjoy 0% introductory APR for the first 15 months of card ownership, allowing you to transfer balances to your new interest-free card, or carry a new one on new purchases. We don’t recommend that you do this without a payoff plan, however, as the APR shoots up to a variable 15.24% – 26.24% at month 16 (See Rates & Fees). In fact, the intro APR is really just a bonus feature in this card’s arsenal — if you’re looking for a balance transfer card that offers cash back, consider one with no balance transfer fee, such as the Chase Slate. Blue Cash charges 3% for each transfer (See Rates & Fees).

The Blue Cash is available to applicants with good to excellent credit.

Worthy addition to your wallet?

The Blue Cash Everyday® Card is a solid and simple cash-back card.

If a big part of your spending is on groceries, gas and at department stores, you can rack up a fair amount of cash back to help you cut costs. The rewards and redemption process is incredibly simple.

Blue Cash Everyday’s simplicity also means limitations. A similar card that requires a bit more work, but a lot more flexibility is the Bank of America Cash Rewards Credit Card®. As Blue Cash Everyday’s biggest competitor in the marketplace, this card’s highlight is that it offers a unique “choose your own category” option for its highest cash back rewards rate, 3%.

If your spending habits match up with the Blue Cash bonus categories – U.S. supermarkets, gas stations and select department stores – but you are really aiming for higher cash back, the Blue Cash Preferred Card is the one to look at. The rub is that the older sister to Blue Cash Everyday charges a $95 annual fee (See Rates & Fees), but with much heftier rewards rates, it’s worth it for those who spend heavily. 

Advantages
  • Earn 3% back at U.S. supermarkets on up to $6,000 a year in purchases, then 1%.
  • Earn an unlimited 2% back at U.S. gas stations and select U.S. department stores and 1% back on all other spending.
  • There is no enrollment required to earn in any of the above categories.
  • Easy to earn $150 introductory bonus when you spend $1,000 in the first 3 months.
Disadvantages
  • Blue Cash Rewards can only be redeemed as a statement credit, for gift cards or in American Express' online catalog. There are other rewards credit cards that let you deposit the credit in your bank account or redeem for other types of compensation.
  • Wholesale clubs and specialty grocers don’t typically count toward the 3% U.S. supermarket rewards with this card
  • There’s a high penalty APR that will last for at least six months if you’re late or miss a payment.
  • There’s a balance transfer fee of either $5 or 3%, whichever is greater, so consider if the charge will outweigh the interest savings before transferring debt from another card.
  • A foreign transaction fee of 2.7% applies.

For rates and fees of the Blue Cash Everyday® Card from American Express Card, please click here.

How much are rewards worth?

Rewards are paid as a percentage of the dollar amount spent each month, and redeemable as a statement credit (as long as your rewards are $25 or higher). Blue Cash Reward dollars cannot be used to pay your minimum payment.

Earn 3% on the first $6,000 of eligible purchases in a calendar year at U.S. supermarkets – maxed out is worth $180 annually. Once you’ve hit that max, you still earn 1% on your purchases at U.S. supermarkets. Earn 2% on eligible purchases of gasoline at U.S. gas stations, 2% on eligible purchases at select U.S. department stores (list available here), and 1% on all other eligible purchases.

Fees & APR

  • No annual fee.
  • 0% APR for the first 15 months on purchases and balance transfers. After, a variable 15.24% – 26.24% applies based on creditworthiness. 
  • 2.7% foreign transaction fee. 
  • Balance transfer fee is $5 or 3% of the amount of each transfer – whichever is greater. 
  • Cash advance fee is $5 or 3% of the amount of each advance – whichever is greater. 
  • See Rates & Fees.

How to get the most value from this card  

If the ease of the Blue Cash Everyday Card appeals to you, make sure you use it for all it’s worth.

Max out your category spending.  Every time you swipe at U.S. supermarkets, use this card. Until you reach your $6,000 limit, you’ll sock away that 3%.Category bonuses at U.S. gas stations are uncapped, so get that 2% cash back every time you’re at the pump.

Consider pairing it with another card. If you’re ok with adding a bit more thought to your cash back habits, you may want to get an additional flat-rate cash back card to pair with your Blue Cash Everyday. For example, once you’ve maxed out your 3% reward on U.S. supermarket spending for the year (at $6,000), your cash back with the Blue Cash Everyday will revert to 1% from then on. Using a card that gives you a higher flat rate will help you continue to accrue. The Citi Double Cash offers 2%, for example.

Get familiar with the Amex approved stores. Gas stations and department stores are granted reward status from American Express. Read the lengthy list of approved merchants here to make sure you’re shopping where you’ll earn the highest return.

Take advantage of the “Supermarket” category.  Keep in mind that the category bonus for this card is “U.S. Supermarkets,” not “groceries.” Buy gift cards, housewares, greeting cards and more while you’re on your grocery shopping trip to get more rewards from your spending. Do take note, however, that American Express does not consider warehouse clubs or department stores with grocery sections as “supermarkets.”

 

For rates and fees of the Blue Cash Everyday® Card from American Express Card, please click here.