Blue Cash Everyday® Card from American Express – Review

Blue Cash Everyday® Card from American Express – Review

Learn more about this card and find out how you can apply here.

The Blue Cash Everyday® Card from American Express (a Money Crashers partner) is a no-annual-fee cash back credit card with a very generous rewards program. Blue Cash Everyday offers 3% cash back (up to $6,000 per calendar year) on U.S. supermarket purchases, unlimited 2% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on everything else. Rewards come as statement credits once you hit the $25 redemption minimum.

Although applicants do need very good credit, Blue Cash Everyday doesn’t require near-perfect credit, as is the case with more generous cards.

Blue Cash Everyday competes with a number of popular cash back and points-based rewards credit cards. These include general cash back cards like Blue Cash Preferred Card from American Express, Capital One Quicksilver Credit Card, and Discover it, as well as general rewards credit cards such as Capital One Venture Rewards Credit Card, American Express EveryDay, and Amex EveryDay Preferred.

You get a statement credit worth $150 when you spend at least $1,000 within three months of opening your account.

U.S. supermarket purchases, up to $6,000 total per calendar year, earn 3% cash back. Supermarket purchases above the $6,000 spending cap earn an unlimited 1% cash back. U.S. gas station and select U.S. department store purchases earn an unlimited 2% cash back. All other purchases earn an unlimited 1% cash back.

Once you earn at least $25 cash back, you can redeem it for a statement credit. You can also redeem for gift cards and general merchandise in variable amounts. Note that American Express does not include big-box superstores such as Walmart and warehouse club stores such as Costco in its definition of grocery stores.

Blue Cash Everyday comes with a 0% purchase and balance transfer APR for 15 months from account opening. To qualify for the promotional rate, balance transfers must be requested within 30 days of account opening. Following the introductory period’s end, the variable purchase and balance transfer APR ranges from 14.49% and 25.49% APR, depending on your personal creditworthiness and prevailing interest rates.

There is no annual fee. Balance transfers and cash advances both cost the greater of $5 or 3% of the transferred or advanced amount. Foreign transactions cost 2.7% of the total transaction amount, regardless of currency denomination. Late and returned payments both cost up to $38.

Blue Cash Everyday comes with some useful travel benefits, including a 24/7 roadside assistance hotline; rental car loss and damage insurance coverage when the full amount of the rental is charged to your card; 24/7 global concierge service for cardmembers traveling more than 100 miles from home; and travel accident insurance (death only).

Blue Cash Everyday has some useful shopping and purchase protection benefits, including extended warranties on items with original warranties set to last five years or less; return protection for rejected returns made within 90 days of original purchase (up to $300 per item and $1,000 per calendar year); and loss and damage coverage for items purchased within 90 days (up to $1,000 per item and $50,000 per calendar year).

This card requires excellent credit. You won’t be approved if you have any notable credit blemishes.

If you don’t fly or stay at hotels often, and spread your spending across a wide range of categories, a cash back rewards credit card is probably a better choice than a travel rewards card or similarly specialized credit card. However, even if you have more specific spending needs, such as travel or business expenses, Blue Cash Everyday is a good card to keep in your wallet.

With 3% cash back at U.S. supermarkets, the Blue Cash Everyday® Card from American Express is great for people who eat lots of meals at home. With 2% cash back at U.S. gas stations and select U.S. department stores, it’s nice for folks who drive long distances and buy clothing or household goods regularly. And, with 1% cash back on everything else, it’s not bad for, well, everything else. When it comes to cash back cards, you can definitely do worse than Blue Cash Everyday.

Learn more about the Blue Cash Preferred Card from American Express and find out how you can apply at CardRatings here.

Learn more about this card and find out how you can apply here.

The Blue Cash Everyday® Card from American Express is a solid card for moderate spenders who spend close to $6,000 per year at U.S. supermarkets and regularly shop at U.S. gas stations and department stores. The lack of an annual fee is great for frugal-minded rewards-seekers, while the intro APR promotion is useful for people with existing high-interest credit card balances.

On the other hand, people who spend heavily at the grocery store and gas station – and who have near-flawless credit – would be better served by American Express’s Blue Cash Preferred card (keeping in mind its $75 annual fee), or some other more generous card.

This card’s generous cash back rewards program, set spending categories, great intro APR promotion, and lack of an annual fee are all nice perks. However, its inflexible redemption options, middling welcome offer, penalty APR, and foreign transaction fees hurt it. Overall, it’s a very solid cash back rewards card.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Categories: American Express, Credit and Debt, Credit Cards, Reviews

Brian Martucci writes about frugal living, entrepreneurship, and innovative ideas. When he’s not interviewing small business owners or investigating time- and money-saving strategies for Money Crashers readers, he’s probably out exploring a new trail or sampling a novel cuisine. Find him on Twitter @Brian_Martucci.

Comments Disclosure: The below responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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