Blue Cash Everyday® Card from American Express Review

Blue Cash Everyday from American Express BigOne of the absolute best cash back credit cards is one that I’ve never carried. And as I write this review, I’m wondering exactly why I don’t have this card.  I’m talking about the Blue Cash Everyday® Card from American Express, a credit card that most definitely ranks as one of the best credit cards available today.

This card comes in two flavors, the standard version that has no annual fee and the preferred version that has a $75 annual fee but richer rewards.

Blue Cash Everyday® Card from American Express

Cardholders of the Blue Cash Everyday® Card from American Express will receive one of the best cash rewards program ever created by AMEX.  First, Earn 50 Reward Dollars after you make $1,000 in purchases in the first three months of Cardmembership. Second, this card is ideal for the consumer looking to use their card on everyday purchases, so it offers the following cash back amounts and other benefits:

  • Get 50 Reward Dollars, redeemable for a $50 statement credit, after you make $1,000 in purchases with your new Card in the first three months.
  • Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period.
  • As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items.
  • Earn Cash Back: 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and Restrictions Apply.

Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Express offers almost an identical cash back program, except that it gives even more cash back and a larger cash bonus:

  • Get 100 Reward Dollars, redeemable for a $100 statement credit, after you make $1,000 in purchases with your new Card in the first three months.
  • Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period.
  • As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items.
  • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and Restrictions Apply.

How Do They Compare?

So the question is whether it’s worth paying the $75 annual fee for the preferred version of this card. The answer depends on how much you’ll use the card. We’ve taken the typical spending of a family of four to compare the cards in the following table:

Blue Cash Everyday® Card from American Express
Blue Cash Preferred® Card from American Express
CategoryMonthly SpendingAnnual Cash BackCategoryMonthly SpendingAnnual Cash Back
Groceries (3%)$750$270Groceries (6%)$750$547.20
Gas (2%)$400$96Gas (3%)$400$144
Dining Out (1%)$250$30Dinning Out (1%)$250$30
Department
Stores (2%)
$100$24Department
Stores (3%)
$100$36
Other (1%)$1,000$120Other (1%)$1,000$120
ANNUAL CASH BACK
(No Annual Fee)
$540ANNUAL CASH BACK
(-$75 Annual Fee)
$832

*Other: $1000 (this might include big box stores, pharmacy, cell phone, cable, car repair, travel, and every other monthly expense that can be charged)

0% Introductory Rate

Both versions of the card offer an introductory 0% APR on purchases for 15 months. Excellent credit is required to obtain this card but depending on your degree of excellence, you will receive one of the two intro time-lengths. Once the intro rate expires, the purchase APR is 12.99% - 21.99% Variable, again depending on your credit history.

Additional Card Features

These cards are an upgrade from the previous Blue Cash version in a variety of ways.  First, there is no spend limit or tier level that needs to be reached in order to receive the above cash back bonuses.  Next, there is no limit to the amount of cash that can be earned and the cash never expires.  Finally, cash can be redeemed as soon as you’ve earned at least $25 worth.

American Express offers dozens of perks that cardholders may not know exist and some of the coolest and most useful ones are:

  • If you need to return an item and the store won’t take it back, American Express will usually refund the purchase price, up to $300
  • Extend manufacturer warranties for up to one additional year
  • $100,000 in travel insurance just in case something should happen during your next vacation
  • Be the first to know about exclusive events using Entertainment Access

These cards from top to bottom two of the best credit cards available to consumers today.  If you buy groceries (which should be just about everybody!) and use an automobile to get there, the savings can add up to hundreds a year.

Published or Updated: February 28, 2014
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Comments

  1. Ginger says:

    This is a great upgrade from the old blue cash, I think I will call and see about upgrading my old card.

  2. James says:

    Are you kidding? It’s a downgrade from 5% on the top 3 there and 1.25% for the rest this card is crap compared to the old.

  3. JB says:

    I just switched to the Blue Cash Preferred last month. Awesome cash back program especially since my gas purchases via giftcards purchased at grocery store means 6% cash back.

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