If you are looking to have a little more purchasing power at your favorite stores, the Blue Cash Everyday® Card from American Express may be the solution for you (American Express is a CardRatings.com advertiser). This no annual fee card has been a longtime shining star for CardRating's readers.
As its name suggests, the Blue Cash Everyday® Card is a solution for everyday expenses. This card is especially good if you’re a casual credit card user since there is no annual fee unlike sister card Blue Cash Preferred® Card from American Express, which offers higher rewards for a $95 annual fee. That said, Blue Cash Preferred® Card from American Express offers 6 percent cash back at U.S. supermarkets (on up to $6,000 spent annually), so if you spend $1,585 you would be eligible for $1,585 x 6 percent or $95.10 cash back from your grocery spending - which covers your annual fee. So if you spend more than $1,585 annually at U.S. supermarkets, the Blue Cash Preferred® Card from American Express may be a better bet for you. (Plus, you will can also earn in the other categories as well to help offset the fee).
The Blue Cash Everyday® Card from American Express doesn’t offer travel rewards, but the card does have travel benefits such as roadside assistance, travel accident insurance and help with planning overseas travel.
Many rewards cards on the market charge an annual fee, but we love that this version of the Blue Cash card doesn’t.
Paying no interest on purchases or balance transfers during the first 15 months is perhaps the most enticing perk of the Blue Cash Everyday® Card from American Express. But after the first year, it’s the generous cash back rewards you’ll be glad you have.
American Express Reward Dollars are easy to redeem: They can be applied as statement credit, for gift cards, or as a physical check. Reward Dollars can be redeemed with as few as 25 points.
To earn Reward Dollars faster, consider ordering additional cards for your family and friends. Their spending applies to your account total. For example, if you’re a couple with a newborn and you have an awesome aunt or generous grandpa running errands for you, get them a card!
This handy blue card doesn’t have any red flags, but you need to know that since this cash back rewards card doesn’t tout travel rewards, points only kick in when making purchases in the United States. For example, when you shop at a Nordstrom in New York, it earns you rewards. But the purchase you made at the Nordstrom in Nova Scotia, Canada, does not.
Reward Dollars cannot be used to pay the minimum payment due. The credits must be applied to the total balance owed on the card. So, after the 0 percent introductory APR has passed (15 months), this is not necessarily the credit card you want to use “for emergencies” and pay off later.
The 0 percent intro APR on purchases and balance transfers runs for 15 months, but balance transfers must be made within the first 30 days. Not bad. After that, your APR will be a variable rate (currently 13.99%, 17.99% or 23.99% Variable APR) and it’s based on your creditworthiness and other factors. American Express can also end your introductory rate if you do not pay at least the minimum payment due within 60 days of the due date.
Citibank's competitive offer, Citi ® Double Cash Card – 18 month BT offer is another no-annual-fee credit card offering cash rewards. This card has an across-the-board 1 percent cash reward, and you can earn another 1 percent cash reward when you pay at least the minimum balance.
If you are planning to do a balance transfer, the Citi ® Double Cash Card – 18 month BT offer's introductory 0 percent APR lasts for 18 months.
Blue Cash Everyday® Card from American Express vs. Capital One® Quicksilver® Cash Rewards Credit Card
The Capital One® Quicksilver® Cash Rewards Credit Card offers a no-annual-fee card with a chance to earn $150 in cash rewards by spending just $500 in the first 3 months. With this card, Capital One also offers an additional 1.5 percent cash back on every purchase, with no limit on how much you can earn.
If transferring a balance is important for you, you’ll appreciate the nine months of 0 percent APR on purchases and balance transfers, but remember that the American Express card offers you 15 months.
We like the Blue Cash Everyday® Card from American Express as a go-to credit card when you make purchases as part of your regular, weekly errands. Filling up at the pump, buying groceries for the week and picking up some new pieces of wardrobe are the sorts of purchases that rack your points up quickly.