Blue Cash Everyday® Card from American Express Review

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Blue Cash Everyday® Card from American Express

Overall Rating

8.9

Bottom Line

If a lot of your spending consists of groceries and gas, the Blue Cash Everyday® Card from American Express should be on your short list of cash back cards. There's a 0% intro APR on purchases for 15 months (13.99%-23.99% APR variable after that) and a welcome bonus worth $150 if you spend $1,000 within the first 3 months.

Pros

  • No annual fee
  • Up to 3% cash back on purchases at U.S. supermarkets
  • 2% cash back at U.S. gas stations and U.S. department stores
  • 0% intro APR for 15 mos. on purchases

Cons

  • $1,000 spend requirement for welcome bonus is high
  • 3% cash back on U.S. supermarkets is limited to $6,000 of spending per year
  • 2.7% foreign transaction fee
  • High regular APRs

Rewards Structure

9.2

Sign-up Bonus

7.9

Introductory APR(s)

9.3

Cardmember Benefits

8.8

Customer Service

9.5

If you spend a lot at the supermarket, the Blue Cash Everyday® Card from American Express might be the best cash rewards credit card for you.

As the name implies, the Amex Blue Cash Everyday Card is among the best rewards credit cards for “everyday shopping” in what some households say are their three highest budget areas: Groceries, gas, and department stores.blue cash everday review

Customers earn 3% cash back at U.S. supermarkets, along with 2% at U.S. gas stations and U.S. department stores. Outside of these categories, the American Express Blue Cash Everyday® rewards 1% in every other category. There’s no annual fee.

Overall, it’s a practical card that generates fast cash back for customers when used on routine expenses in these categories.

Is American Express Blue Cash Everyday® Worth it?

Blue Cash Everyday Card from American Express
  • earn $150 after spending $1000 in the first 3 months
  • Learn More >>

While the American Express Blue Cash Everyday® card offers tremendous value, upgrading to Amex’s mack-daddy rewards card, the Blue Cash Preferred Card from American Express, would deliver double the cash back of the Everyday card, at 6% for U.S. supermarkets.

But cashing in on one of the industry’s highest cash back rewards cards isn’t free: The Amex Blue Cash Preferred card comes with a $95 fee.

The American Express Blue Cash card we’re talking about here has no annual fee, which can be much easier to stomach. The card also gives you a rewarding welcome bonus and a generous introductory APR.

Here are things that we think you should consider when wondering if AmEx Blue Cash is for you:

Welcome Bonus

Right now, the AmEx Blue Cash Everyday® offers new customers a $150 welcome bonus after spending $1,000 within the first three months. There are certainly more eye-popping bonuses on the market, but this one’s not too shabby.

0% Intro APR

Signing up for the Blue Cash Everyday® card also comes with 0% APR on purchases in the first 15 months, then a go-to regular APR of 13.99% – 23.99% variable after that.

In this case, this card could be worth it to customers with a big-ticket purchase on the horizon, or existing high-interest debt that they’d like to pay off penalty-free.

Not Accepted At All Establishments

Another thing to note when asking if the Amex Blue Cash cards are worth it is this: Cards in the Amex family are less readily accepted at all business establishments across the world.

While there are about 1.6 million businesses that now accept Amex, and it’s unlikely you’d ever be turned away at major stores, it’s still something to prepare for, especially if you frequent small, local businesses that often opt out of accepting Amex cards.

Foreign Transaction Fees

On top of that, this card comes with a 2.7% foreign transaction fee. So, while this card is great for routine spending, most Amex cardholders carry at least one other backup card in their wallet for better travel rewards and fewer fees. If you’re going to travel abroad, find a different card that has no foreign transaction fees.

What credit score do I need for Blue Cash Everyday®?

Consumers need a good or excellent credit score of 700 or above to be approved for the Amex Blue Cash Everyday® card.

How do I get approved for Amex Blue Cash Everyday®?

Consumers determine their approval odds by checking if they pre-qualify for the Blue Cash Everyday® card. You won’t be penalized with a hard credit inquiry on your credit score when you do this, so if your score is in the 675-700 range, it is worth checking to see if you can still qualify.

To check if you-prequalify, visit American Express’s website and click “Go to Personal Cards,” then  “Check for Offers.”

Having a good or excellent will not always guarantee approval. Other factors like income and recent credit inquiries can impact whether or not you will be approved. A credit score of 700 or higher indicates that the odds are pretty likely.

How do I redeem my Amex cash back rewards?

Cash back rewards come in the form of Amex Reward Dollars that you can apply directly to your statement. If you’re not interested in a statement credit, you can also cash your rewards in for gift cards and merchandise.

The Amex Blue Cash Everyday® card comes with a $25 minimum redemption threshold, meaning you can only cash in your rewards when you’ve accumulated enough points to reach a balance equivalent to $25 or more.

It’s also important to note that the 3% rewards at supermarkets in the U.S. are capped at $6,000 annually. After you reach $6,000 in spending, the rewards drop back to 1% on U.S. supermarket purchases.

For a single person, this might be fine. But families that spend more than $115 per week at the grocery store will likely max out partially through the year. 3% is still one of the highest rewards out there, so the Amex Blue Cash Everyday® is probably still worth it. Still – families should take this into consideration.

What is the difference between Amex Everyday® Preferred and Blue Cash Everyday®?

The Amex Everyday® Preferred card offers a similar rewards structure as the Blue Cash Everyday®, except it’s much more comprehensive and at elevated percentages.

The Blue Cash Preferred card offers the following in cash back rewards:

  • 6% cash back at U.S. supermarkets, then 1%
  • 6% back on select U.S. streaming services like Netflix and Hulu
  • 3% at U.S. gas stations
  • 3% on transit, including taxis, parking, tolls, trains, buses, and even rideshares like Lyft and Uber
  • 1% cash back on all other purchases

But all of this goodness comes at a price – The Blue Cash Preferred card has a $95 annual fee, whereas the Blue Cash Everyday® card has a $0 annual fee.

Now you can easily compare the differences in rewards here:

The Blue Cash Everyday card offers the following in cash back rewards:

  • 3% cash back at U.S. supermarkets, then 1%
  • 2% at U.S. gas stations
  • 1% cash back on all other purchases

Other need-to-know facts about the AmEx Blue Cash Everyday® Card

The Blue Cash Everyday® Card does charge a late fee of $40 if you miss a payment. Furthermore, there is also another consequence for late payments called a penalty APR, which is – you guessed it – an increased interest rate.

Blue Cash Everyday® charges a penalty APR of 29.24% for at least six months after your late payment. After the penalty period, your APR will return to its normal rate.

Here is some more information about how Blue Cash Everyday® breaks down its APR fees:

Normal APR

The normal APR for purchases is 13.99% – 23.99%, based on your creditworthiness and other factors.

Your APR is always assigned at the time of account opening, so that way you know what to expect when your 0% APR intro period expires.

Cash Advance APR

Cash advances also come with a 5% or $10 one-time fee for each transaction.

Plan Fee

One interesting feature of American Express cards is a courtesy called “Plan It.” It allows Amex customers to pay for purchases of $100 or more over six months with no interest on a fixed “plan fee” of 1.17% per month.

The Plan It program kicks in after the 15 month 0% APR period, and might make sense for smaller purchases under $500 where 1.17% is not enough to break the bank.

To calculate whether it’s worth using Plan It or simply keeping a balance on your account, you’d need to see whether your monthly interest payment would be more than the Plan It fee.

Pay It

Pay It is another Amex feature available to all of the company’s U.S. credit cards. Pay It lets you reduce your balance by making small payments throughout the month on the American Express app.

The payments are applied to your outstanding balance.  Customers use this feature to lower their balance before the billing cycle ends, so they are charged with less interest.

Additional Disclosures: Millennial Money has partnered with CardRatings and creditcards.com for our coverage of credit card products. Millennial Money, CardRatings and creditcards.com may receive a commission from card issuers. This site does not include all financial companies or financial offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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