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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. This no-annual-fee card has been a longtime shining star for our readers, and for good reason. (American Express is a CardRatings advertiser. See Rates and Fees.)
Top Blue Cash Everyday® benefits include:
We don't ever recommend signing up for a new credit card exclusively for some sort of welcome bonus, but when a card does offer such an incentive, it's always nice. Especially if the card doesn't charge an annual fee...
The Blue Cash Everyday® card rewards new cardmembers with a $150 statement credit earned once spending $1,000 in the first three months of card membership. Even if you don't plan to use your card heavily throughout the year, $1,000 is a low spend threshold to meet so it'd be worth making sure you use your card frequently at least in those first few months in order to receive this credit.
Great news— there isn't one! As its name suggests, the Blue Cash Everyday® is a goood 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. (We compare these two cards in further detail below.) (See Rates and Fees.)
|Cash Back on Gas||Cash Back on Groceries||Cash Back on Other|
|2% Cash Back at U.S. gas stations||3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).||1% cash back on other purchases|
Although American Express doesn't explicitly state the credit score needed to qualify for the Blue Cash Everyday® Card , this card is reserved for those with good to excellent scores. A good FICO score is typically anything above 670, according to the credit scoring agency Experian. However, having a score above 740 or even 800 may further increase your chances of approval. Please note, however, that these numbers can vary between different bureaus.
Earning 2% cash back at select U.S. department stores is a nice incentive of the Blue Cash Everyday® Card , but remember the key term here: "select."
To earn additional rewards on department store purchases, the purchases must be made at a department store that is included on the American Express list of "select major department stores" and is located in the United States.
As of this publishing, American Express states on their website that you will earn additional rewards ONLY for purchases made in the U.S. at the following list of department stores that accept the card and have these specific names (please note that this list is subject to change):
This handy blue card doesn't have any major red flags, but you need to know that since this cash-back rewards card doesn’t tout travel rewards, bonus points only kick in when making purchases in the United States. For example, grocery shopping at a U.S. supermarket will earn you 3% cash back (on up to $6,000 in purchases annually); shopping at a French supermarket while on holiday, on the other hand, will not.
Additionally, all foreign transactions made with the Blue Cash Everyday® Card will cost an extra 2.7%. This card is a great option for everyday purchases made in the U.S.; however, it might not be the best choice for frequent international travelers. (See Rates and Fees.)
Though both the Blue Cash Everyday® card and Blue Cash Preferred® Card from American Express are cash-back cards from the same family, they have some significant differences. The most obvious is that the Blue Cash Preferred® charges a $95 annual fee.
It may be worth paying an annual fee to get the additional rewards offered by the Blue Cash Preferred® card, though. This card awards new users with a $250 statement credit after spending $1,000 in purchases in the first three months of opening an account. That's $100 more than the $150 welcome offered by Blue Cash Everyday®, with the same low spend threshold, and it easily covers the cost of the first year's annual fee.
Plus, you can earn double the cash back at U.S. supermarkets by using Blue Cash Preferred®. It gives cardholders 6% cash back on up to $6,000 at U.S. supermarkets each year while Amex Blue Cash Everyday® only awards 3% cash back for those purchases. The Amex Blue Cash Preferred® card also gives 6% cash back on select U.S. streaming services, 3% cash back on transit and gas purchases at U.S. gas stations, and 1% cash back on everything else.
If you're in the market for a cash-back credit card, both the Blue Cash Everyday® card and American Express Cash Magnet® Card could be a good choice. Neither has an annual fee, and both offer a $150 welcome statement credit when you spend $1,000 in purchases within three months of opening an account. Plus, like Blue Cash Everyday®, Cash Magnet® also offers 0% introductory APR on purchases and balance transfers for 15 months, then 12.99% - 23.99% Variable.
The main difference between the cards is how they award cash back. Blue Cash Everyday® provides three tiers of cash back: 3% on up to $6,000 of purchases at U.S. supermarkets, 2% at U.S. gas stations and some department stores and 1% on all other purchases. Meanwhile, the American Express Cash Magnet® card offers a flat 1.5% cash back on all purchases.
That means the Cash Magnet® card may be best for those who like simplicity and don't want to have to worry about spending categories. If most of your purchases are items other than groceries or gas, you may get more cash back with the Amex Cash Magnet®. However, for those with long commutes or large families to feed, the Amex Blue Cash Everyday® may result in more cash-back rewards.
Like the Blue Cash Everyday®, Chase Freedom® is a no-annual-fee, cash-back credit card which earns rewards in popular everyday categories. With the Chase Freedom® card though, the bonus cash-back categories rotate each quarter. This could either be a pro or a con depending on your spending habits and whether or not you're good with keeping up with this kind of thing. If you are good at keeping up with things like this, the Chase Freedom® card could be an excellent way to quickly accumulate rewards as it earns 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you active, and unlimited 1% on everything else.
The welcome offers with these two cards are the same, too. However, the spending threshold is less with the Chase card. New Chase Freedom® cardholders can earn a $150 cash back bonus once spending $500 in the first three months of account membership.
Chase Freedom® also offers a 0% intro APR period. Enjoy 0% APR for 15 months on purchases and balance transfers, then 16.49% - 25.24% Variable.
Yes, the Blue Cash Everyday® Card from American Express is a good 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. This card has no annual fee so it's a simple way to earn rewards on purchases you'll have to make regardless, without worries about offsetting the cost of the card.
To see the rates and fees for the American Express cards mentioned in this post, please visit the following links: Blue Cash Everyday® Card from American Express (See Rates and Fees); Blue Cash Preferred® Card from American Express (See Rates and Fees); American Express Cash Magnet® Card (See Rates and Fees)