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Blue Cash Everyday® Card from American Express

Credit needed
Good
APR
13.99% to 23.99%
Annual Fee
$0

Card Summary

American Express' Blue Cash Everyday Card offers cash back on all everyday purchases. There is no annual fee.

The first $6,000 in U.S. grocery purchases earns cardholders 3% cashback, followed by 1% return and rewards for other expenditures. After you have spent $2,000 on your Card in the first six months, you can get a $200 credit to your statement.

You'll receive a 15% annual percentage rate for purchases when you open an account. The ongoing APR will be 13.99% to 23.99% variable based upon factors like credit worthiness.

The 3% cashback at supermarkets is great, but the Blue Cash preferred card from American Express gives you 6% cash back and rewards for other spending categories. After the initial year, however, there is an additional $95 annual charge for the Blue Cash Privilege Card from American Express.

This card provides access to American Express Global Assist Hotline for those who travel more than 100 km from their home. It offers 24/7 assistance with lost luggage and emergency medical referrals.

Review of the American Express Blue Cash Everyday card:

This American Express Blue Cash Everyday card offers solid rewards and a 0% initial APR for purchases.

It doesn't have an annual fee. However, you will have to pay a foreign transaction charge and the base reward rate of 1% is less than that offered by other cards.

The pros:

Supermarket Bonus: Get 3% Cash Back on Purchases of $6,000 or More at U.S. Supermarkets. Then, get 1% Back.

Intro APR 0%: Offers a 15-month, 0% APR for purchases (see Rates and Fees).

There is no annual fee App to split payments: Cardholders with American Express can divide their payments with Amex Split and Send.

Card Summary - Cons

Redemption Minimum: $25 for Rewards redemption Fee for foreign transaction: 2.7% charge on transactions that are not in U.S. dollars.

Base rewards low: You will earn a base reward rate of 1%

Rates and fees

Issuer Name
American Express
Penalty APR
Variable: 29.99%
Credit Needed
Good
Balance Transfer Fee
N/A
Annual Fee
$0
Cash Advance Fee
You can choose to pay $10 or 5%, depending on the cash advance amount.
APR
13.99% to 23.99%
Foreign Transaction Fee
After conversion to US Dollars, 2.7% of every transaction is retained.
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American Express

The Best Features

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

After you have spent $2,000 on the Card's first six months, receive a $200 credit in your statement You can buy now and pay later.

Plan It, which allows you to divide large purchase into smaller monthly payments, offers $0 in intro fees. Plan fees of $0 are charged for plans that were created within the first 15 month after your account was opened. After that, plans will be charged a $1.33% monthly fee for each amount that is moved into the plan.

This fee is based on plan duration and the APR otherwise applicable to that purchase. The intro APR is 0%, for purchases starting at the account opening date, and then it will change to a variable rate of 13.99% to 23.99%.

Get 3% cash back at U.S. supermarkets on purchases up to $6,000 annually, or 1%Get 2% cash back at U.S. gasoline stations, and select U.S. department store locations. Other purchases eligible for a 1% cashback Reward dollars are cash back that you can redeem for statement credits.

There is no annual charge. These terms and conditions apply.

Benefits

The cards have similar benefits such as fraud protection, car rental loss or damage protection and a Global Assist hotline.

Comparative Analysis with Other Cards

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.

Redeeming Rewards

Maximizing Rewards

Annual Fees

After the first year, the Blue Cash Everyday card from American Express doesn't charge an annual fee.

The Blue Cash Preferred card from American Express costs $95 annually.

Conclusion

American Express Blue Cash Everyday Cards: Should you?

If you are:

You can spend a lot in U.S. supermarkets.
You want to skip an annual fee.
I would use the discount 0% APR for purchases.
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No late fees. Reduced interest charges. Pay off

American Express