Blue Cash Everyday® Card from American Express review

Blue Cash Everyday® Card from American Express review

Published: July 10, 2020
Published: July 10, 2020
Ratings Policy
Cash Back Rating:
3.5 rating
3.5 rating
3.5 / 5
Rewards Value: 3.2
Annual Percentage Rate: 2.9
Rewards Flexibility: 3.4
Features: 3.0
Customer Experience 4.6

In a Nutshell:

A great card for families and frequent shoppers, the Blue Cash Everyday card offers a generous amount of cash back on everyday purchases; but its APR cuts into its overall value.

Rewards Rate

  • 3% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%)
  • 2% cash back at U.S. gas stations and select U.S. department stores
  • 1% cash back general purchases
  • Terms apply
Average

Introductory Bonus

  • 20% back on Amazon.com purchases in first 6 months (up to $200 back, offer expires 10/7/2020)
  • $150 statement credit when you spend $1,000 in first 6 months
  • Terms apply
Average

Annual Bonus
None

Poor

Annual Fee
$0 (See rates and fees)

Excellent

Average Yearly Rewards Value ($1,325 monthly spend)
$310

Very Good

APR
13.99-23.99% (variable) (See rates and fees)

Fair

Rewards Redemption
Pros

  • Cash back doesn’t expire
  • No limit on 2% or 1% cash back categories
  • Minimum redemption amount is low ($25)
  • No rotating categories or enrollment required

Cons

  • $6,000 yearly purchase limit on 3% cash back category
  • Can’t transfer rewards or combine them from other cards
Very Good

Customer Experience

Excellent

Other Notable Features: Car rental insurance, travel assistance, purchase protection, family vacation packages, car purchase discounts

Low Interest Rating:
3.6 rating
3.6 rating
3.6 / 5
Rates, Fees, Penalties: 3.3
Rewards: 3.5
Features: 4.0
Customer Experience 4.6

In a Nutshell:

With a reasonable interest rate, a long introductory period on new purchases and a great cash back rewards program, the Blue Cash Everyday card is a good choice for cardholders seeking to save.

Regular APR
13.99-23.99% (variable) (See rates and fees)

Poor

Introductory Purchase APR
0% for 15 months (See rates and fees)

Excellent

Introductory Balance Transfer APR
None

Excellent

Fees

  • No annual fee
  • 2.7% foreign transaction fee
  • 5% cash advance fee (or $10, whichever is greater)
  • (See rates and fees)
Very Good

Penalties

  • Up to $40 late payment fee
  • 29.24% variable penalty APR
  • Up to $40 returned payment fee
  • (See rates and fees)
Fair

Customer Experience

Excellent

Other Notable Features: Car rental insurance, travel assistance, purchase protection, family vacation packages, car purchase discounts

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Blue Cash Everyday Card from American Express: A Full Review

The Blue Cash Everyday Card offers a rewards rate tailored for average spenders, offering generous cash back in categories including U.S. supermarket and U.S. gas station purchases. For families who spend a lot on groceries and commuting, the Blue Cash Everyday can be one of the most lucrative cash back cards available.

On top of a great rewards rate, the card also comes with a lengthy intro APR on new purchases. If you need to finance a large purchase over time without racking up interest – but don’t want to sacrifice rewards – this card is a great option.

Earning cash back at supermarkets and gas stations

For a card with no annual fee, the Blue Cash Everyday card has a great rewards rate. Cardholders earn 3 percent cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1 percent), 2 percent cash back at U.S. gas stations and select U.S. department stores and 1 percent cash back on general purchases.

Even with a spend cap on U.S. supermarket purchases, this is a very valuable category. The limit comes out to around $500 a month on groceries, and if you can meet the full cap you can earn $180 per year on U.S. supermarket purchases alone.

While the earning rate on the Blue Cash Everyday is very good, it is not the highest available. We estimate the average spender earns around 1.64 percent cash back on average with the card. Cash back cards with an annual fee or high flat rate cards can often outpace the Blue Cash Everyday with an average spend. (Note: To calculate the earning rate on the following cards, we used average category and overall spend as defined by the Bureau of Labor Statistics.)

To get a bit more value out of the Blue Cash Everyday, weigh your spending toward the card’s bonus categories. The card also makes a great pair to a flat rate card, so you can divide your purchases to maximize rewards.

See relatedBest fixed bonus category cash back cards

Introductory bonus

New cardholders currently have a chance to earn up to $350 total in statement credits by combining the Blue Cash Everyday’s traditional welcome bonus with a new limited-time offer.

To start, the Blue Cash Everyday card comes with a solid welcome bonus of a $150 statement credit for cardholders who spend $1,000 in the first three months. This is not the highest offer available – even among cards with no annual fee – but it is a nice bit of extra cash.

Additionally, if you apply by Oct. 7, 2020, you’ll get 20% back on all Amazon.com purchases with the card during your first six months of card membership. You can earn up to a maximum of $200 back, so to secure the full bonus, you’ll need to spend at least $1,000 during that six-month period.

We estimate that the average consumer spends around $500 per year on Amazon purchases, with Prime members spending even more on average.

If you spend heavily on Amazon purchases, this could be a valuable welcome offer. That said, the Amazon Prime Rewards Visa Signature card currently offers new members a welcome bonus of a $100 Amazon gift card instantly upon approval, with no spending requirement.

Redeeming cash back

In order to redeem the cash back you earn, you’ll need to meet a minimum threshold of $25. Once you do, however, cashing in on rewards is simple. You can choose from a statement credit, gift card or merchandise purchase.

If you want to use your rewards for a travel purchase, you won’t be able to apply them toward American Express Travel bookings. However, you do have full access to the booking platform, and you can use your cash back toward a statement credit to offset the cost.

 

Intro APR for new purchases

The Blue Cash Everyday also comes with an intro APR on new purchases – 0 percent for the first 15 months (13.99 to 23.99 percent variable thereafter). This is a great way to finance a larger purchase over time without worrying about racking up substantial interest charges. Just be careful not to charge more than you can pay off in the intro period, as the ongoing APR can be high.

Pairing the Blue Cash Everyday with other rewards cards

The earning rate on the Blue Cash Everyday is not the highest you can find when used on its own, but the card makes a great pair for a card with a flat rate of cash back. Since the Blue Cash Everyday awards a high rate of cash back in bonus categories such as U.S. supermarket purchases, you can use the card for all bonus category purchases and use a flat rate card for general purchases to boost your overall rate.

For example, imagine you own both the Blue Cash Everyday card and the American Express Cash Magnet® Card – which earns 1.5 percent cash back on every purchase. If you use the Blue Cash Everyday for all U.S. supermarket, gas station and department store purchases and the Cash Magnet for everything else, you’ll earn the following reward rate.

Potential rewards rate: Blue Cash Everyday + American Express Cash Magnet

  • 3% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%)
  • 2% cash back at U.S. gas stations and select U.S. department stores
  • 1.5% cash back on general purchases

We estimate the average earning rate on this pairing at around 1.94 percent cash back, significantly higher than the estimated 1.64 percent on the Blue Cash Everyday alone. If you choose to pair the Blue Cash Everyday with an even higher flat rate card – like the Citi Double Cash Card – you can earn even more rewards.

Blue Cash Everyday vs. Blue Cash Preferred

For cardholders looking to maximize their cash back on U.S. supermarket purchases, American Express also offers a card with an annual fee – the Blue Cash Preferred Card from American Express. Compared to the Blue Cash Everyday, the Blue Cash Preferred offers a higher rate of cash back on U.S. supermarket purchases and a higher introductory bonus, but it comes with a $95 annual fee.

See Related: Blue Cash Everyday vs. Blue Cash Preferred

The Blue Cash Preferred card offers a generous 6 percent cash back on U.S. supermarket purchases (up to $6,000 per year in purchases, then 1 percent), 6 percent on select U.S. streaming subscriptions, 3 percent cash back at U.S. gas stations and on transit and 1 percent cash back on general purchases. In order to earn enough more in U.S. supermarket rewards to offset the annual fee and earn more cash back per year than the Blue Cash Everyday, we estimate a Blue Cash Preferred cardholder would need to spend at least $3,200 per year on groceries.

Annual cash back on U.S. supermarket purchases ($3,200 spend)

Blue Cash Everyday Card Blue Cash Preferred Card
$3,200 U.S. supermarket spend x 3% cash back = $96 $3,200 U.S. supermarket spend x 6% cash back – $95 annual fee = $97

This is a relatively low spend to reach, only requiring around $267 a month in U.S. supermarket purchases. If you regularly spend that much on groceries, the Blue Cash Preferred might be worth the annual fee.

Other features

The Blue Cash Everyday card also comes with some additional benefits that add to its value – especially for frequent shoppers and travelers.

  • Car rental insurance – When you use the Blue Cash Everyday to book and pay for your rental car, you receive secondary coverage in cash of damage or theft.
  • Purchase protection – If an item you buy with your card is lost or damaged in the first 120 days, you can be reimbursed up to $1,000 per purchase in covered instances ($50,000 max per year).
  • Access to pre-sales tickets – As an American Express cardholder, you’ll have exclusive access to pre-sales tickets to concerts, sporting events and more.

To take advantage of these protections, you should put all big purchases on your Blue Cash Everyday card.

Approval odds

The Blue Cash Everyday card is recommended for users with good to excellent credit (above 670), so you’ll want to ensure you meet those qualifications before you apply.

Customer service

American Express has one of the best customer service reputations among major issuers, ranking second out of 11 issuers in J.D. Power’s 2019 customer satisfaction survey. In addition to 24/7 customer service and an online chat feature for quick answers to simple questions, the American Express app rates very well among users. It rates 4.3 out of 5 in the Google Play Store and 4.9 out of 5 in the Apple App Store.

How does the Blue Cash Everyday compare to other cash back cards?

The Blue Cash Everyday card is a very rewarding option for users who spend a lot on U.S. supermarket and gas station purchases, but it might not be the best choice for every kind of cardholder. If you prefer to earn cash back in different bonus categories or put all your spend on one card that earns a high flat rate of cash back, one of these options might be better for you:

Bank of America Cash Rewards card
Bank of America® Cash Rewards credit card*
Citi Double Cash Card
Citi® Double Cash Card
Chase Freedom
Chase Freedom®
Rewards rate

  • 3% cash back on a category of your choice (gas, online shopping, dining, travel, drug stores or home improvements and furnishings)
  • 2% cash back on groceries and wholesale club purchases
  • $2,500 combined limit on 2% and 3% categories each quarter
  • 1% cash back on other purchases
Rewards rate

  • 1% cash back on general purchases
  • 1% additional cash back as you pay for those purchases
Rewards rate

  • 5% cash back on rotating bonus categories that you must activate each quarter (up to $1,500 per quarter)
  • 1% cash back on general purchases
Sign-up bonus

$200 online cash rewards if you spend $1,000 in first 90 days

Sign-up bonus

None

Sign-up bonus

$200 if you spend $500 in first 3 months

Annual fee

$0

Annual fee

$0

Annual fee

$0

Other things to know

  • Minimum $25 required to redeem cash back
  • Bank of America checking and savings account holders can boost earning rate with Preferred Rewards program
  • Spend analysis each month to help choose your bonus category
Other things to know

  • Minimum $25 required to redeem cash back
  • Lengthy intro period for balance transfers
  • Rewards expire if card is not used over 12 months
Other things to know

  • Transfer points to another Chase Ultimate Rewards card to potentially boost value
  • Redeem rewards for cash back, travel purchases, merchandise or gift cards
  • Lengthy intro period on both new purchases and balance transfers

Bank of America Cash Rewards card

Rather than lock users into one bonus category, the Bank of America Cash Rewards card gives cardholders the flexibility to choose where they want to earn 3 percent cash back – from gas, online shopping, dining, travel, drug stores or home improvements and furnishings. Plus, you can change your selection once per calendar month so that your rewards shift as your spending does. The Bank of America Cash Rewards card also offers 2 percent cash back on grocery and wholesale club purchases ($2,500 combined purchase cap on 2 and 3 percent categories each quarter) and 1 percent cash back on general purchases.

See Related: Bank of America Cash Rewards vs. Blue Cash Preferred Card from American Express

At first glance, the rewards rate on the Bank of America Cash Rewards card looks very similar to the Blue Cash Everyday. In fact, our estimated rewards rates for the average spender on both of these cards are almost identical. If you are Bank of America or Merrill account holder, however, you can boost that rate with the Preferred Rewards program. Depending on your account balance, you can earn as much as 75 percent more cash back on every purchase.

Preferred Rewards tiers

Tier Rewards boost
Gold ($20,000-$49,999) 25% (1.87 points per dollar)
Platinum ($50,000-$99,999) 50% (2.25 points per dollar)
Platinum Honors ($100,000+) 75% (2.62 points per dollar)

 Citi Double Cash Card

For cardholders who prefer a flat rate of cash back on every purchase to keeping track of bonus categories, the Citi Double Cash Card offers one of the best rates on the market. Cardholders earn 1 percent cash back on every purchase they make, plus an additional 1 percent cash back when you pay for those purchases – for a total of up to 2 percent cash back on everything.

Unfortunately, the trade-off for this great rate is a lack of a sign-up bonus or intro APR for new purchases. If those features are important to you when choosing a new card, the Citi Double Cash might not be the best option for you.

Chase Freedom

The Chase Freedom card is best for users who don’t mind putting in a bit of work to earn rewards, as it offers 5 percent cash back in rotating bonus categories that you must enroll in each quarter (up to $1,500 in purchases per quarter). You’ll also earn 1 percent cash back on other purchases. Though the spend cap on the 5 percent category is relatively low, savvy spenders can still bring in great rewards with this card.

Users who own another Chase Ultimate Rewards card can potentially get more value out of the Chase Freedom. Since other Ultimate Rewards cards, like the Chase Sapphire Reserve, offer a higher point value when redeemed for travel purchases through the Ultimate Rewards portal, you can transfer points on your Chase Freedom to stretch them a bit further.

Why get the Blue Cash Everyday card?

  • You spend a lot on U.S. supermarket and gas station purchases and can take advantage of a good rewards rate on those categories.
  • You have a large purchase you want to pay off over time or a balance to pay down and want to avoid interest in the first 15 months.
  • You are looking for a card with lucrative bonus categories to pair with a flat-rate card.

How to use the Blue Cash Everyday card:

  • If you want to transfer a balance, be sure to do so in the first 60 days of account opening to qualify for the intro APR.
  • Make sure to pay off your balance before the intro period ends, as the ongoing APR can be high.
  • Put all U.S. supermarket and gas station purchases on the card.

Is the Blue Cash Everyday card worth it?

For cardholders who spend a significant amount on U.S. supermarket and U.S. gas station purchases, the Blue Cash Everyday card offers a generous rate of cash back for a card with no annual fee. Plus, you’ll get a long intro APR on new purchases.

However, those looking to maximize rewards on U.S. supermarket purchases who spend at least $3,200 a year on groceries might be better off opting for the Blue Cash Preferred Card from American Express – despite its annual fee.

For rates and fees of the Blue Cash Everyday Card, please click here.

*All information about the Bank of America Cash Rewards credit card has been collected independently by CreditCards.com and has not been reviewed by the issuer. This card is no longer available through CreditCards.com.

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