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The Blue Cash Everyday Card from American Express is an excellent card for people who typically spend a decent amount of money on gas and groceries. They give you great rates for cash back between 1-3% for your expenses.
New applicants can earn 20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back. Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.
With this card there will be no annual fees (See rates and fees) included. This gives the card more for its value compared to other different cash back credit cards. Another card that’s very similar to this card will be the Blue Cash Preferred Card from American Express, this is a credit card that would normally cost $95 a year for their members.
Your rewards will differ for your daily expenses, even though there are other cash back credit cards that offer more for their value. However, those credit cards will often have you pay for annual fees or have difficult rewards options to be able to get the better quality rates.
The Blue Cash Everyday credit card is a good card to have if you want no annual fees and receive a good rate for your cash back with no difficult changing offers.
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Blue Cash Everyday American Express Card Quick Facts
|Bonus Available||Earn 20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back.
Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.
|Ongoing Rewards/Benefits||Gain 3% back at U.S. supermarkets for a maximum of $6,000 spent per year (then 1%).
Earn 2% back at U.S. gas stations and select U.S. department stores.
Get 1% back on any other expenses.
|Foreign Transaction Fees?||2.7% per transaction (See rates and fees)|
|Annual Fee||$0 (See rates and fees)|
*Compare Blue Cash Everyday American Express to other credit card offers here.*
Blue Cash Everyday Welcome Offer
Gain an introductory offer of: $100 back with the Blue Cash Everyday Card from American Express.
Here are some ideas on meeting the requirements:
|• Plastiq: Plastiq allows you to pay for expenses that you generally won’t be able to with your card like rent, tuition, auto lease, mortgage payment, and more. There’s a 2.5% processing fee for using your credit card. However, this’ll be worth the card bonus you’ll get. There’s also a referral program where you can earn “Fee-Free Dollars” to use towards processing fees. See our Plastiq review.|
|• Fund Checking accounts with your card: Many banks will allow you to fund the opening deposit with a credit card. Consider opening Checking accounts that also offer a sign-up bonus. This way, you can work towards bonuses from two different sources. Big banks like Chase, HSBC, Huntington, and TD Bank have great offers and allow credit card funding. You can generally fund anywhere from $50 to $1,000 towards the opening deposit with a credit card, depending on the bank.|
|• Buy gift cards: Consider buying gift cards with your credit card that you can then spend later at your leisure. Individual merchant cards (restaurants, gas stations, supermarkets, etc.) generally don’t have purchase fees, so this is a plus. On the other hand, American Express and Visa gift cards will have purchase fees. Amazon gift cards are a great idea as you can shop for almost anything there with no purchase fees either. Unfortunately, Citi credit cards tend to code gift card purchases as Cash Advances and there’ll be a fee. Call in to customer service and lower your Cash Advance limit to $0 before purchasing gift cards. You can also buy discounted gift cards as well from Raise or find gift cards on eBay.|
|• Everyday spending & bills: Always using your credit card for everyday spending, such as for dining, gas, groceries, etc. You can also use your credit card to pay for things like insurance bills, property taxes and income taxes. However, you’ll have to consider the convenience fees.|
Blue Cash Everyday Rewards
3% cash back at U.S. Supermarkets for a total spend of up to $6,000 annually. This would be a decent cash back quantity for daily grocery purchases. AmEx won’t normally care too much about what you buy there as long as you go to a qualifying supermarket. However, places such as Sam’s Club, Costco, Walmart, and Target won’t be qualifying supermarkets. Once you get to the $6,000 point, your cash back will go back to 1%.
2% cash back at U.S. gas stations and select U.S. department stores. Compared to other cash back cards that would normally give you an okay 1%, Blue Cash Everyday will give you a decent cash back rate for gas purchases. This card is also including different varities of department stores. This would mean stores such as: Bloomingdale’s, Bealls, Nordstorm, Kohls, Macy’s, and Sears. With this card there will be no limits placed for the number of cash back you can gain for this benefit. There are some things you need to know such as: cash back won’t be able to be gained at gas stations that are part of supermarkets.
1% cash back on all other retail purchases. If you spend any money outside of 2-3% cash back rewards options, then you will only be able to gain the normal 1% cash back instead.
Cash Back Rates Offered vs Annual Fee Credit Cards
Comparing the Blue Cash Everyday card to the AmEx card, the cash back for these cards seem lower. With the $95 annual fee for the Blue Cash Preferred credit card, you will be able to gain a larger rate of 6% for U.S supermarkets, 3% for U.S. gas stations, and specific U.S. department stores. With the starting annual fee, it’s would be worth investing into for most people. This will all depend on how much you think you will be able to charge your card for the year.
Using the Blue Cash Everyday credit card, you will be able to gain $220 cash back ($180 for 3% for the first $6k $49 for 1% for the rest of the $4k) if you spend at least $10,000 in supermarkets.
For the AmEx Blue Cash Preferred credit card, you will be able to gain $400 cash back ($360 at 6% for the first $6k and $40 for 1% for the rest of the $4k). With the Blue Cash Preferred card it would be a better option even with the annual fee with this scenario. If you spend about $3,180 a year or $61 a week for supermarket purchases, this will cancel out the annual fee of the card if you compare both of the credit cards.
The Blue Cash Everyday Card from American Express will offer you a decent rate for the cash back on daily purchases at well known stores. However, if you typically spend a decent amount of money or if you don’t want to pay for an annual fee, this card will be good with their beneficial perks with the AmEx account perks.
It would be a good idea to calculate how much you typically spend monthly for gas and groceries. This would help you decide if the Blue Cash Preferred card is a cash back card for you.
One of the beneficial perks it has is that there won’t be any changing rewards that you would have to keep up with. If you already know how much cash back rewards you want to earn at a certain rate then consider this credit card.
What’s the Competition?
There are some of Blue Cash Everyday American Express credit card’s top competitors listed below.
The Chase Sapphire Preferred Card offers 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards.
You'll earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1X point per dollar spent on all other purchases.. And when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value!
You get unlimited deliveries with a $0 delivery fee & reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
This card carries a $95 annual fee.
The Chase Freedom Unlimited Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
In addition, you can earn:
• 5% on travel purchased through Chase,
• 3% on dining at restaurants and drugstores, and
• Unlimited 1.5% cash back on all other purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
The Capital One Quicksilver Cash Rewards Card offers a one-time $200 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.
The Chase Freedom Flex offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.
• 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
• 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. You'll be able to new 5% categories each quarter!
This card has no annual fee.
The Capital One Savor Cash Rewards Credit Card offers a one-time $300 cash bonus after spending $3000 on purchases within the first 3 months from account opening.
You'll earn an unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Capital One cardholders get access to premium experiences in dining, entertainment and more.
This card does carry a $95 annual fee, however, there is a $0 intro annual fee for the first year.
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