Your tolerance for annual fees will be a big factor in deciding which of these cards is best for you. While the Blue Cash Preferred comes with a $95 annual fee, it also boasts one of the highest cash back rewards rates. On the other hand, the Blue Cash Everyday has no annual fee and a lower cash back rewards rate.
Card comparison overview
|Features||Blue Cash Preferred Card from American Express||Blue Cash Everyday Card from American Express|
|Welcome bonus||$250 cash back as a statement credit when you spend $1,000 in purchases in the first three months||$150 cash back as a statement credit after you spend $1,000 in the first three months|
|Introductory APR||Zero percent introductory APR on purchases and balance transfers for 12 months (12.99 percent to 23.99 percent variable APR thereafter)||Zero percent introductory APR for 15 months on purchases and balance transfers (12.99 percent to 23.99 percent variable APR thereafter)|
Amex Blue Cash Preferred vs. Amex Blue Cash Everyday highlights
This head-to-head comparison looks at several categories to determine which card comes out on top.
Welcome bonus winner: Blue Cash Preferred
The welcome bonus for the Blue Cash Preferred offers $100 more than the Blue Cash Everyday for the same minimum spending amount — that’s enough to cover the difference in the cards’ annual fees for the first year. With the Blue Cash Preferred, you’ll earn a $250 statement credit after you spend $1,000 in purchases within your first three months of card membership. The bonus for the Blue Cash Everyday is only $150 with the same terms.
Rewards rate winner: Blue Cash Preferred
With purchases at both U.S. supermarkets (up to $6,000 per year, then 1 percent) and select U.S. streaming services earning 6 percent cash back, you’ll have a hard time finding any card to rival the rewards rates of the Blue Cash Preferred. You’ll also earn 3 percent back on transit and at U.S. gas stations and 1 percent on all other purchases.
With the Blue Cash Everyday, you’ll only earn 3 percent cash back at U.S. supermarkets on up to $6,000 in purchases a year (then 1 percent), 2 percent back at U.S. gas stations and select U.S. department stores and 1 percent on all other purchases.
Annual fee winner: Blue Cash Everyday
If you’re looking for a rewards card with no annual fee, the Blue Cash Everyday is a solid choice. The card offers great rewards compared to other no annual fee cards. (The Blue Cash Preferred has an annual fee of $95.)
Balance transfer fee winner: Tie
Both cards will charge you either $5 or 3 percent of the amount transferred (whichever is greater) to bring a balance over from another credit card.
Introductory APR period: Blue Cash Everyday
The Blue Cash Everyday gets you a zero percent introductory APR for 15 months on purchases and balance transfers if the transfer is requested within the first 60 days. The Blue Cash Preferred only offers a zero percent introductory APR for 12 months on purchases and balance transfers requested in the first 60 days. After the introductory period, both cards have a variable APR of 12.99 percent to 23.99 percent.
Which card earns the most
Although it comes with a $95 annual fee, the Blue Cash Preferred will earn far more cash back over time compared to the Blue Cash Everyday thanks to its welcome bonus and higher rewards rates across categories. Even with only casual use, the Blue Cash Preferred more than makes up for the annual fee.
Blue Cash Preferred vs. Blue Cash Everyday
To compare the two cards, let’s say you spend $1,200 per month with $500 going toward groceries, $200 on gas and transit and $500 on other miscellaneous expenses.
With the Blue Cash Everyday, you’ll earn 3 percent cash back on your U.S. supermarket purchases for a total of $180 over the course of the year. On U.S. gas station purchases, you’ll earn 2 percent cash back, or $48 annually. Lastly, you’ll earn $60 for the year on miscellaneous expenses. Altogether, you’ll acquire $438 in cash back your first year thanks to the $150 welcome bonus and $288 every year after that.
When you spend the same amount with the Blue Cash Preferred, you earn dramatically more rewards. For groceries, you’ll earn $360 thanks to the 6 percent cash back rewards on the first $6,000 you spend (then 1 percent) at U.S. supermarkets every year. You’ll earn 3 percent cash back on U.S gas station purchases and transit for $72 annually; 1 percent back on your other purchases earns you $60 back for the year. When you add in the $250 welcome bonus, you’ll see a whopping $742 in cash back earnings your first year and $492 every year going forward.
Even when you factor in the $95 annual fee, the Blue Cash Preferred still earns $109 more than the Amex Blue Cash Everyday each year following your first year of card ownership.
Why you should get the Blue Cash Preferred
If you aren’t afraid of an annual fee and want a card that earns flexible cash back rewards, the Blue Cash Preferred is an excellent choice. It’s the perfect go-to credit card for earning massive rewards on some of your most common purchases, from groceries and gas to Uber rides.
On top of the cash back rewards, the Blue Cash Preferred also gives you car rental loss and damage insurance and access to the Amex Global Assist Hotline. You can also use Pay It Plan It®, an installment-based repayment plan for large purchases.
You can redeem your cash back rewards for statement credit at any time, so long as you have at least $25 in rewards dollars available.
Recommended credit score
You’ll need a good or excellent credit score (670-850) to qualify for the Blue Cash Preferred.
Why you should get the Blue Cash Everyday
The Blue Cash Everyday will have some appeal if you plan to make a big purchase that you’ll pay off over time or transfer a balance from a different high-interest credit card. With a zero percent introductory APR for 15 months on purchases and balance transfers (then 12.99 percent to 23.99 percent variable APR), you’ll have plenty of time to pay off your balance without being bogged down with interest payments.
The Blue Cash Everyday has many of the same benefits as the Blue Cash Preferred, including fraud protection, Pay It Plan It®, car rental loss and damage insurance and access to the Amex Global Assist Hotline.
You can redeem your cash back rewards for statement credit whenever you have at least $25 in rewards cash available.
Recommended credit score
You’ll need a good or excellent credit score (670-850) to be approved for the Blue Cash Everyday.
While the Blue Cash Everyday puts up a respectable fight, it’s no match for the larger welcome bonus and rewards rates of the Blue Cash Preferred. You won’t even notice the Blue Cash Preferred’s $95 annual fee once you take advantage of its category-leading cash back rewards rates at U.S. supermarkets, streaming services, gas stations and other transit-related purchases.