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American Express Blue Cash Everyday Critical Analysis
Last Updated Nov 30, 2023 by Molly Gaines
Well-Rounded Cash Back
In the world of cash back cards, you get what you pay for. If you’re willing to pay an annual fee then you are rewarded with higher earning potential. But if the thought of paying yearly for a credit card is not something you can stomach then this card from our Partner is a fantastic option.
If an annual fee is a deal breaker for you then the Blue Cash Everyday® Card from American Express (a CardCritics advertiser) is a fantastic choice for your cash back needs. This card offers a good balance of ongoing rewards, a welcome offer and a generous intro APR period on purchases and balance transfers. Round that out with other perks and the card member benefits that American Express is well known for and you have yourself an excellent cash back card.
Card Details From American Express
Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
No Annual Fee.
Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday® Card. Enrollment required.
Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday® Card.
Our Critical Analysis
No annual fee
Impressive Welcome Bonus
Generous intro APR period on purchases & balance transfers
Your earning potential in the supermarket, gas and online retail categories is capped each year
Lower cash back rates than other cards with annual fees
Foreign transaction fee makes it a poor choice for spending outside of the U.S. (see Rates & Fees)
If you have good to excellent credit and draw a hard line at paying an annual fee for your credit card then the Blue Cash Everyday® Card from American Express is an excellent choice for you. New card members will have the opportunity to earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
As for ongoing rewards, you will earn 3% cash back at U.S. supermarkets on up to $6,000 per year in purchases, 3% cash back on U.S. online retail purchases on up to $6,000 per year and 3% cash back at U.S. gas stations on up to $6,000. After the category caps are hit you will earn 1% back and will also earn 1% back on all of your other eligible purchases. If you spend a lot on groceries then you should also consider the Blue Cash Preferred® Card from American Express which does have an annual fee but it is $0 for the first year and it offers even more cash back on your grocery purchases.
As a new card holder, you’ll also get a 0% intro APR on purchases and balance transfers for 15 months, followed by a 19.24%-29.99% Variable APR. The savings can add up quickly when you aren’t paying interest for over a year. Just make sure you’re at least paying your minimum payment and budgeting to pay off your balance by the time the 15 months is up, if possible.
Make sure you check out the other great benefits American Express offers their card holders. From ticket presales to their top-notch mobile app, there is a lot to love. Select ‘Apply Now’ to view all of the details about the benefits they offer.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.