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Blue Cash Everyday Card from American Express review

Published: October 25, 2018

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Published: October 25, 2018

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Ratings Policy
Balance Transfer Rating:
3.6 rating
3.6 rating
3.6 / 5
Introductory Offer: 3.9
Net Value: 2.5
Features: 3.0

In a Nutshell:

The Blue Cash Everyday card is a good choice for cardholders who want a long introductory period to pay down their balance while still earning rewards on routine spending.

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0% Introductory Period
15 months (See rates and fees)

Transfer Fee
$5 or 3% (whichever is higher) (See rates and fees)

Introductory Purchase APR
0% (See rates and fees)

Regular APR
14.99-25.99% (variable) (See rates and fees)

Annual Fee
$0 (See rates and fees)

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

Low Interest Rating:
3.5 rating
3.5 rating
3.5 / 5
Rates, Fees, Penalties: 3.4
Rewards: 3.4
Features: 4.0

In a Nutshell:

With a reasonable interest rate, a long 0 percent introductory period on balance transfers and new purchases and a great cash back rewards program, the Blue Cash Everyday card is a good choice for cardholders seeking to save.

Learn more about this card

Regular APR
14.99-25.99% (variable) (See rates and fees)

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

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

Fees

  • No annual fee
  • 3% balance transfer fee
  • 2.7% foreign transaction fee
  • 3% cash advance fee
  • (See rates and fees)

Penalties

  • Up to $38 late payment fee
  • 29.99% penalty APR
  • Up to $38 returned payment fee
  • (See rates and fees)

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

Rewards Rating:
3.3 rating
3.3 rating
3.3 / 5
Rewards Value: 2.7
Annual Percentage Rate: 3.0
Rewards Flexibility: 4.6
Features: 1.0

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 high APR cuts into its overall value.

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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

Introductory Bonus

  • $150 when you spend $1,000 in first 3 months
  • Terms apply

Annual Bonus
None

Annual Fee
$0 (See rates and fees)

Average Yearly Rewards Value ($1,325 monthly spend)
$311

APR
14.99-25.99% (variable) (See rates and fees)

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

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

If you think you can zero out your balance in a little over a year, the Blue Cash EveryDay Card from American Express could be a good option. The card doesn’t give cardholders as much time as some cards do to shave down a transferred balance. But it offers a competitive introductory purchase rate, so you can continue using your card while you work on lowering your balance. The Blue Cash EveryDay Card also features some generous rewards for average spenders, including 3 percent cash back on purchases at U.S. supermarkets and 2 percent cash back at U.S. gas stations. (Note: Superstores such as Target and Walmart are not included in the supermarket category.)

Good introductory bonus

American Express is currently offering a $150 introductory bonus to new cardholders who manage to spend at least $1,000 in the first three months. This is on par with some of the best bonuses among cash back cards and — paired with the card’s excellent bonus rate on everyday spend — is a great incentive to sign up for the card.

Affordable balance transfer fee

The balance transfer fee on the Blue Cash Everyday card is also on the low end for balance transfer cards. Cardholders are charged just 3 percent – or a minimum of $5 – for a balance transfer, which is fairly typical for balance transfer cards, but significantly less than what’s charged by some competitors.

Some notable restrictions

You’ll have to be quick, though, if you want to take advantage of the card’s zero percent balance transfer offer. Cardholders have just 60 days to transfer balances and claim the interest-free promotion, which is less time than most balance transfer cards give cardholders. American Express also caps balance transfers at the lesser of $7,500 or 50 percent of your credit limit. So if you were hoping to transfer a bigger balance, you’re out of luck.

Excellent cardholder benefits

The benefits offered by the Blue Cash Everyday card are some of the best you can get without paying an annual fee. This makes it a good choice for cardholders looking for a card they’ll continue using long after they’ve repaid a transferred balance. In addition to generous rewards for everyday spending, cardholders also get access to premium benefits, such as 24/7 concierge service; free hotel room upgrades; travel accident, lost baggage and rental car insurance; exclusive discounts and more.

Fairly high APR

Like most rewards credit cards, the Blue Cash Everyday card also charges a relatively high standard APR – especially for cardholders with less-than-excellent credit – so be sure you can pay off the transferred balance before the card’s standard interest rate kicks in.

American Express also charges a fairly hefty late fee and penalty rate, which can get you into trouble if you don’t pay every bill on time. If you miss just a single payment, you can lose your interest-free promotion.

Why get the Blue Cash Everyday card?

  • You have a medium-sized balance and think you can pay it off in a year.
  • You spend a lot on gas and at grocery stores and want to take advantage of the card’s generous rewards.
  • You plan to use your card long after you pay off your transferred balance.

How to use the Blue Cash Everyday card:

  • Don’t wait to transfer your balance. American Express gives you just a month to request a balance transfer and still take advantage of the card’s promotional interest rate.
  • Pay down your balance aggressively for the first 15 months so that you don’t get stuck paying a relatively high interest rate.
  • Be cautious about how much you charge during the card’s interest-free period so you don’t wind up with an even bigger balance than you started with when you first applied for the card.
  • For additional advice, check out our complete guide to transferring a balance to your American Express card.

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All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

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