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The Blue Cash Everyday® Card from American Express is a great choice for those who regularly spend on Amazon.com or at U.S. gas stations and U.S. supermarkets. It offers good rates of cash back that are between 1-3% on purchases. This card has a welcome offer for $200 statement credit after you spend $2,000 in purchases on your card within the first 6 months of card membership. Compare with top card bonuses here.
There is no annual fee for this card which gives it the edge over some of the other cash back cards. See Rates & Fees, Terms Apply. Its big brother, the Blue Cash Preferred® Card from American Express, is one such example that costs members $95 per year (see Rates & Fees).
The range of rewards across everyday purchases is fairly adequate, and although there are higher paying cash back credit cards out there, lot’s of them will charge annual fees or use complicated rotating rewards categories in order to unlock these elevated rates.
This card also features Plan It®, an option available to cardholders to split up large purchases into monthly payments. The plan fee for the first 12 months is $0 and will be 1.33% of each purchase amount moved into a plan based on various factors such as plan duration, the APR that would otherwise apply, and others.
If you want a credit card with no annual fee that you get a good rate of cash back from, without any complicated cash back terms or changing offers, the Blue Cash Everyday card could be a solid solution.
Blue Cash Everyday $200 Welcome Offer
Earn an introductory $200 statement credit with the Blue Cash Everyday Card from American Express. The bonus is earned in the form of Reward Dollars that can be redeemed for statement credits. You’ll need to spend $2,000 in purchases on your new Card in your first 3 months. $2,000 in purchases is pretty manageable, but here are some ideas to help meet the requirement.
Blue Cash Everyday Rewards
3% cash back at U.S. Supermarkets for a total spend of up to $6,000 annually. This is a good amount of cash back to get on your everyday supermarket shopping. AmEx doesn’t particularly care what you buy, as long as you buy this in an accepted U.S. supermarket. Beware, wholesalers such as Sam’s Club, Costco, Wal-Mart, and Target are not counted as eligible supermarkets. After the $6,000 threshold is reached, the cash back you can earn reverts to 1%.
2% cash back at U.S. gas stations and select U.S. department stores. Unlike many other cash back credit cards which offer just a meager 1%, the Blue Cash Everyday Card gives you a good rate of cash back for gas expenses. They are also adding more department stores all the time to their list of accepted stores that already includes popular merchants such as Bloomingdale’s, Bealls, Nordstrom, Kohls, Macy’s, and Sears. There is also no limit on the amount of cash back you can earn for this perk, although there are a few stipulations that you need to be aware of. For example, cash back cannot be earned at U.S. gas stations that are part of supermarkets or superstores.
1% cash back on all other retail purchases. Any spending outside of the 2-3% cash back rewards categories will earn the standard 1%.
Cash Back Rates Offered VS Annual Fee Cards
When you view the Blue Cash Everyday alongside other AmEx cash back cards, the cash back rates can look low in comparison. For an annual fee of $95 with the Blue Cash Preferred Card, you then unlock a higher rate of 6% in U.S. Supermarkets, 3% at U.S. Gas Stations and specific U.S. Department Stores. For some, the initial annual fee could well be worth the investment, depending upon how much you believe you will spend on your card over the year.
If you spend $10,000 in U.S. Supermarkets with the Blue Cash Everyday Card, you will earn $220 in cash back ($180 at 3% for the first $6k and $40 at 1% for the remaining $4k).
If you spend the same amount with the AmEx Blue Cash Preferred card, you will earn $400 in cash back ($360 at 6% for the first $6k and $40 at 1% for the remaining $4k). In this example, the Blue Cash Preferred card is the appropriate choice despite it’s annual fee. Spending around $3,180 yearly/$61 weekly in the U.S. Supermarkets category will cancel out the annual fee when comparing these two cards.
The Blue Cash Everyday Card from American Express offers a good rate of cash back on everyday items and throughout a large number of popular stores. If you spend a moderate amount on such items or you do not want to pay an annual fee for your cash back card, this offers a great choice with some really valuable added AmEx account benefits.
I would suggest you work out roughly what your monthly spend on groceries and gas would be; this will then allow you to make a better decision on whether the Blue Cash Preferred Card would give you a better cash back return over the year.
A great benefit is that there are no rotating rewards to have to contend with. You know where you stand with your cash back, where it can be earned and at what rate.
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