Blue Cash Everyday American Express

Blue Cash Everyday American Express Credit Card Review [2021]

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Blue Cash Everyday American Express

Our Blue Cash Everyday American Express review goes into detail about the pros and cons of the credit card, as well as who should and shouldn’t apply for it.

Overview

Onto our Blue Cash Everyday American Express credit card review!

APRs

  • Introductory APR: 0% on purchases for 15 months
  • Variable APR (beyond introductory period): 13.99% – 23.99%
  • APR on Cash Advances: 25.24% (Variable)
  • Penalty APR: 29.99% (Variable)

Fee Particulars

  • Annual Fee: $0
  • Balance Transfer Fee: N/A
  • Cash Advance Fee: 5% of the transaction amount; minimum $10
  • Foreign Transaction Fee: 2.7%
  • Late Payment Fee: Up to $40 
  • Returned Payment Fee: Up to $40
Blue Cash Everyday Card

Introduction

The Blue Cash Everyday is great for saving up on regular expenses without the baggage of an annual fee. Are you extremely repulsive to the idea of an annual fee? You may want to consider Blue Cash Everyday, especially if the budget for your household allocates large dollar amounts to groceries, fuel, and shopping. 

The card has an attractive welcome bonus that reduces the guilt of splurging on shopping by a good margin. You will earn 20% back on purchases made using the card on Amazon.com for the first 6 months after account opening, with a cap of $150. Additionally, you will earn $100 back upon spending $2,000 on purchases within 6 months of account opening. Your cashback will accrue as statement credits.

If you are expecting to finance an upcoming big-ticket purchase soon, the card will help you offload the interest burden with its 15-month introductory 0% APR offer. Beyond 15 months, you will be charged a 13.99%-23.99% variable APR.

The competition for Blue Cash Everyday remains fierce though. One of its most prominent competitors comes from the American Express family itself—the Blue Cash Preferred Card from American Express. The Blue Cash Everyday is a great choice as a secondary card for earning elevated rewards at U.S. supermarkets, gas stations, or American Express’s designated list of department stores. 

Blue Cash Everyday Pros and Cons

We look at the Blue Cash Everyday card pros and cons below.

PROS

  • No annual fee
  • 15-month 0% introductory APR on purchases
  • Tiered rewards structure
  • Low minimum redemption amount ($25)
  • Welcome offer

CONS

  • $6,000 cap on high cashback category, i.e. U.S. supermarkets
  • Rewards rate for purchases outside bonus categories is just 1%
  • Foreign-transaction fee

Blue Cash Everyday Card Benefits and Features

Welcome Bonus

The current welcome offer on the Blue Cash Everyday earns the cardholders 20% back on purchases made with the card on Amazon.com within 6 months of opening the account, with a cap of $150. Cardholders also earn an additional $100 back upon spending $2,000 on purchases made with the card within the first 6 months from the date of opening the account. Note that the cardholders will receive cashback in the form of statement credits.

Amex has a once-per-lifetime policy on welcome offers. If you’ve owned a Blue Cash Everyday Card before, that will make you ineligible for any benefits on the welcome offer. However, Amex also looks at several other factors to determine if a cardholder is eligible for the welcome offer. 

Tiered Rewards

The Blue Cash Everyday Card has a tiered category structure in which each group of categories earns cash back at a different rate. 

Most card issuers cap the spending on bonus categories. Once the cardholder spends beyond the predetermined threshold, the cash back rate returns to the standard 1%. However, the U.S. Supermarket category on the Blue Cash Everyday has a massive cap of $6,000 before the cash back rate drops to 1%. 

This offers ample flexibility to cardholders for strategizing their grocery spends to maximize savings if they order in bulk, wait for seasonal sales, or pair the Blue Cash Everyday with another rewards card.

Even though Amex has marketed the card as a cash back card, the cash back earned is redeemable only as an equivalent amount of statement credit, a gift card (minimum $25 in value), or merchandise. However, statement credit is generally the most ideal option.

You’ll earn 3% cash back on purchases made at U.S. Supermarkets up to $6,000, and 1% thereafter. The next tier includes U.S. gas stations and U.S. department stores which earn 2% back. All other purchases earn 1% back.

You may find strategizing for rewards a little tricky with the Blue Cash Everyday, though. You’ll need to familiarize yourself with the four-digit merchant category codes of the stores you shop from, and if or not Amex considers them as U.S. Supermarkets. For example, purchases at Kroger will earn 3% back, while Walmart won’t since Amex doesn’t categorize it as a supermarket.

15-month 0% APR introductory period

This is a great card to have if you’re expecting a big-ticket purchase in the near future. You can use the card’s 15-month 0% APR introductory period to save up on the interest expense. 

Be sure to have a repayment plan in place to clear the outstanding balances before 15 months end, though. Outstanding balances will attract a variable APR of 13.99% – 23.99% depending on the cardholder’s creditworthiness. 

Unfortunately, the 0% introductory APR is not applicable on balance transfers.

No annual fee

While this feature is common among most cash back credit cards, it’s always a welcome feature. Since it costs nothing to own, you can use the Blue Cash Everyday for purchases that earn a higher rate of cash back and another card for regular purchases to maximize cash back earnings.

Complimentary ShopRunner membership

All American Express Blue Cash Everyday cardholders can enroll for a complimentary ShopRunner membership. Paying with your Amex card gets you free two-day shipping and free returns for purchases made from participating retailers. Add to this the 2% back at select U.S. department stores, and you’ve got yourself a sweet deal. 

Car rental and purchase protection

The non-co-branded cards from Amex only receive the following basic shopping and travel perks:

  • Car rental loss and damage insurance: Provided you use your Blue Cash Everyday card for payment and decline coverage offered by the rental agency, the eligible rental vehicle will be covered by second insurance should it be stolen or damaged.
  • Purchase protection: If a purchase you made with your Amex card requires repairs or replacement, you’ll be eligible for a reimbursement of $1,000 per incident (with a cap of $50,000 per card).

Pay It Plan It

American Express has been consistently adding more cards into its alternative payment program called Pay It Plan It. Instead of accumulating interest on the entire purchase amount by adding it to the card’s balance, the Pay It feature allows you to immediately pay for qualifying purchases below $100. The Plan It feature lets you put up to 10 purchases below $100 into an extended payment plan for a fixed fee. 

Global Assist Hotline

When you travel a distance of over 100 miles from your home, Amex will offer coordination and assistance services such as assistance for lost luggage, referrals for medical and legal emergencies, translation services, and assistance for passport replacement.

Exclusive access to pre-sale tickets

With a Blue Cash Everyday from American Express, you’ll have exclusive access to pre-sale tickets for sporting events, live concerts, and more. 

Top-notch security

The Blue Cash Everyday comes with a slew of security features that protect you against fraud. Your account is monitored for suspicious transactions and you’ll be notified by Amex upon suspicion of any fraudulent activity. 

The card also includes some not-so-common security features such as the ability to create a personal security key that authenticates access to your account, 128-bit encryption for safeguarding your login credentials, automatic log out after 10 inactive minutes, and pre-purchase verification of personal information for authorizing the transaction.

RELATED: US Bank Visa Platinum Card Review.

What Makes Other Cards Better Than The Blue Cash Everyday?

Cap on grocery rewards and exclusion of some types of stores

The Blue Cash Everyday offers an attractive 3% back on purchases made at U.S. supermarkets with a cap of $6,000. This cap shouldn’t be an issue for an average household, but if your grocery bill tends to run far beyond this cap, you’ll benefit more from a card that offers unlimited rewards. What’s more, some giant superstores like Target and Walmart don’t qualify for the 3% cash back rate. 

Relatively less travel-friendly

While most prominent locations do accept American Express, it’s not as commonly accepted as Visa and Mastercard, especially outside the U.S. If you’re hopping on board an international flight, be sure to check that the location you’re headed to accepts American Express. If it doesn’t, don’t forget to carry another card that you know is widely accepted across the globe. 

2.7% fee on foreign transactions

Even though this is marginally lower than the usual 3%, the foreign transaction fee is still an additional cost when you travel. What’s more, the higher cash back rate on the card is limited to U.S. supermarkets and department stores. If you’re someone who travels for a good part of the year, you’ll be better off with another card that charges no foreign transaction fee.

No 0% introductory offer on balance transfers

If you’re hoping to carry your balances onto your new card, the Blue Cash Everyday isn’t for you. While it does offer a 15-month 0% introductory APR on purchases, no such offer exists for balance transfers.

High Penalty APR

The Blue Cash Everyday charges a 29.99% penalty APR, but it may vary based on the prevailing Prime Rate. That’s a massive penalty for late payments. If you expect to miss a payment every once in a while, you’d be better off with a card that doesn’t charge any penalty APR for late payments, such as the Discover it Cash Back. 

Blue Cash Everyday vs. Other American Express Cards

Blue Cash Everyday vs. Blue Cash Preferred

Blue Cash Preferred is easily the more rewarding of the two cards, even with its $95 annual fee ($0 for the first year). The Blue Cash Preferred offers twice the cash back rate of 6% on the first $6,000 spent at U.S. supermarkets (1% thereafter). 

Additionally, the card earns 6% back on subscriptions of several U.S. streaming services, 3% back on parking, buses, trains, tolls, taxis or rideshare, and U.S. gas stations. All other purchases earn 1% back.

For someone whose focus is to squeeze maximum rewards from the cash back card, the Blue Cash Preferred offers a higher cash back rate as well as a wider range of categories.

Blue Cash Everyday vs. American Express Everyday

Neither of these cards comes with an annual fee and both offer rewards for loading up your cart at U.S. supermarkets. The major differentiating factor between the two cards is that the American Express Everyday only redeems rewards as Membership Rewards points, unlike the Blue Cash Everyday that lets you redeem cash back as a statement credit.

The Blue Cash Everyday offers a more attractive welcome bonus, too. However, if you’re a frequent flier or guest at hotels, American Express Everyday may offer more benefits. It allows you to transfer points to a wide range of airline and hotel loyalty programs on a one-on-one basis such as Delta SkyMiles, British Airways Executive Club, Starwood Preferred, Aeroplan, and Hilton Honors. 

As a member of one of these programs, if you bulk up some points for an upcoming rewards purchase, you’ll notice that it’s worth earning fewer points if you top up your miles with it and buy yourself a free trip. 

Blue Cash Everyday vs. Competitors’ Cards

Blue Cash Everyday vs. Chase Freedom Unlimited

If a good chunk of your spendings is at U.S. supermarkets, department stores, and gas stations, you’ll be able to leverage Blue Cash Everyday’s bonus categories and earn a higher rate of cash back. However, Chase Freedom Unlimited offers 5% back on groceries for the first year, so it does give Blue Cash Everyday some healthy competition. 

If you’re a frequent traveler and spend a lot on categories other than U.S. supermarkets, department stores, and gas stations, you could maximize your cash back earnings by using a combination of Chase Freedom Unlimited and another premium Chase partner card, for instance, the Chase Sapphire Reserve. 

Blue Cash Everyday vs. Capital One SavorOne Cash Rewards

Capital One SavorOne is another $0 annual fee cash back rewards card worth considering if you tend to spend on categories other than ones on which the Blue Cash Everyday offers a higher cash back rate.

The Capital One SavorOne offers unlimited 3% back on several popular streaming services, entertainment, qualified grocery stores (superstores like Target and Walmart excluded), and dining and 1% back on amounts spent on any other category. 

Who Should Get The Blue Cash Everyday Card?

The Blue Cash Everyday from American Express is a great choice for individuals who want to earn rewards without having to shell out a fixed annual fee and spend a large portion of their monthly household expenses at U.S. supermarkets, department stores, and gas stations. 

That being said, Blue Cash Preferred offers a more attractive rewards structure. Though there is an annual fee starting from the second year, the higher rewards rate will more than makeup for it. However, if you spend on categories other than department stores, gas, and groceries, you’ll likely be better off with a different card. 

If your spending is concentrated in categories other than the ones mentioned above, consider the Capital One SavorOne Cash Rewards that offers a different set of bonus categories. If your spending doesn’t follow a pattern and is sporadic, a flat-rate cash back card such as the Citi Double Cash may be a more suitable choice.

Frequently Asked Questions (FAQs)

We answer some of the most common questions in our Blue Cash Everyday from American Express card review:

What is the required credit score for Blue Cash Everyday?

You’ll ideally need a credit score of 700 and above to get the Blue Cash Everyday. However, this doesn’t mean anybody with a lower credit score is will always be disapproved. The approval is based on several factors, including your credit history, such as your current outstanding debt, monthly income, etc.

Is Blue Cash Everyday worth it?

The Blue Cash Everyday offers great cash back rewards in some very practical categories. However, the presence of its big cousin Blue Cash Preferred almost leaves the Blue Cash Everyday as a complimentary card for small spenders who are wary of paying an annual fee for boosting their rewards rate.

Which American Express card is better: Blue Cash Everyday vs. Cash Magnet? 

American Express offers a wide range of cards for all types of spenders. If you’re expecting a big purchase, the American Express Cash Magnet offers 1.5% back on all purchases in addition to a 15-month 0% introductory APR period. 

You’ll also earn 1.5% back on all other purchases. However, there are no bonus categories on the American Express Cash Magnet, which is fine if your spending pattern doesn’t align with Blue Cash Everyday’s bonus categories.

What is the Blue Cash Everyday card’s credit limit?

There is no formula to compute the credit that will be approved on any given Blue Cash Everyday card application. However, the approved credit limit is largely a factor of two things—your credit history and disposable income. 

Do I get a bonus upon signing up for the Blue Cash Everyday card?

Yes, new cardholders do benefit from a welcome bonus. Your new Blue Cash Everyday earns you 20% back on purchases made on Amazon.com within 6 months of opening the account, with a maximum of $150. You also earn $100 back upon spending $2,000 within 6 months of account opening. The cashback earned will be redeemable as statement credits.

Our Verdict

The Blue Cash Everyday gets cardholders some solid cash back on day-to-day items like groceries, without the hassle of dealing with rewards as points and committing to an annual fee. However, if an annual fee doesn’t bother you, you do have the option to earn better rewards with the Blue Cash Preferred from American Express. 

The Blue Cash Everyday’s welcome offer gives the cardholder $250 back on a low minimum spending requirement. Plus, the 0% introductory APR also allows you to treat yourself to an interest-free purchase. 

This card doesn’t offer much for travelers, though. With a relatively low acceptance abroad compared to Visa and Mastercard, and a 2.7% transaction fee, the card becomes far less attractive for travelers in comparison to others that don’t impose a foreign transaction fee such as the Capital One Quicksilver. 

 

Apply For A Blue Cash Everyday Card

Check out the Amex website to see if this credit card is a good fit for your needs.

Thanks for reading our Blue Cash Everyday Card Review.

You might also be interested in our Capital One Quicksilver Review.

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