American Express Blue Cash Everyday card vs. Chase Sapphire Preferred Card
Annual fee: Chase Sapphire Preferred Card has a $95 fee and the Blue Cash Everyday Card is free.
Reward: American Express Blue Cash Everyday card earns 3% cashback on first $6,000 in grocery purchases each year. After that, 1% is returned. You also get 2% cashback on gas station purchases in the U.S., and 2% back in eligible department stores. Other purchases earn you 1% back. The Chase Sapphire Preferred card earns five points per $1 on travel bookings made using Chase Ultimate Rewards, two points on any other travel expenditure, three points on eligible dining and streaming services and online grocery orders, and one point on all other purchases, You can get a $200 statement credit from American Express after spending $2,000 on the Blue Cash Everyday Card. If you spend $4,000 within the first 3 months of opening an account, your Chase Sapphire Preferred Card will earn you 60,000 bonus points.
Benefits: American Express Blue Cash Everyday Card offers benefits like a 15 month 0% introductory rate on purchases and no annual fees. Cardholders also have access to presales tickets and other exclusive events.
The Chase Sapphire Preferred Card allows users to transfer points to their travel partners at 1-to-1 rates and doesn't charge any foreign transaction fees.
American Express Blue Cash Everyday card: How to earn rewards?
Annual rewards valued at $292Value of the first-year cashback bonus: $200 Value of first-year incentives: $492. This card has a complex rewards system. There are multiple categories of bonus and one cap. Focusing your spending can help you maximize rewards. Supermarket Reward American Express Blue Cash Everyday Card offers 3% cashback on purchases up to $6,000 at U.S. grocery stores each year and then 1% cashback.
Don't forget that supermarkets don't include convenience stores and meal-kit delivery services. Warehouse clubs also aren’t included in the card's grocery category.
Additional Rewards you also get 2% cashback on gasoline purchases from eligible U.S. department stores. Gas purchased at supermarkets, superstores, and warehouse clubs that offer gasoline are not eligible for the 2% cashback. These and other purchases are eligible for 1% cashback.
There is no annual fee for the card. To avoid any interest fees eating into your reward value, you must pay the entire balance each month. You can start your reward earning as a new user by receiving a $200 credit to your statement after spending $2,000 on your Card in the first six months. Because their purchases are counted towards your rewards, you can get rewards faster if you invite a trusted friend to be your cardholder.
American Express Blue Cash Everyday card: How do you redeem rewards?
American Express Blue Cash Everyday Card allows you redeem reward points as statements credits. American Express might occasionally offer other redemption options such as gift cards and merchandise. This is a limitation compared to other cash-back credit cards, which allow you to get cash by direct deposit or check.
To redeem rewards, you must have at least $25 to be eligible. You can also use your rewards for minimum payments, but you cannot earn rewards.
How much is the American Express Blue Cash Everyday card?
This card comes with a 15 month introductory 0% APR for purchases. After that, the APR is 13.99% to 23.99% variable. According to U.S. News, the average APR on cashback credit cards is 14.82% to 22.811%.
With Pay It Plan It, you can control your payments and still earn rewards. You can use Plan It to pay for minimum $100 purchases over time, with a fixed monthly cost. If the monthly cost is lower than the interest you would pay, this option may be beneficial. The Pay It feature, on the other hand, allows you to pay quickly for up to $100 via the American Express mobile application.
How much is the American Express Blue Cash Everyday card?
An annual fee is not required.
Fee for foreign transactions: 2.7% on all transactions.
Converted to U.S. Dollars Cash advance fees: Minimum $10, or 5% of advance.
Late Payment Fee: Maximum $40Return payment fee up to $40.
