The American Express Blue Cash Everyday card is a great no annual fee card for cash back enthusiasts. It’s also the “little brother” of the Blue Cash Preferred card, which was recently revamped. This card is great for those who averse to annual fees and cash back enthusiasts alike. It’s also a nice foundational card for your credit history. In other words, you can keep it forever because there’s no annual fee.
Even though PYCR is a travel blog, cash back cards are worth mentioning. This is because they are nice for atypical travel expenses. I use this card to pay for expenses that I can’t redeem points for. Thereafter, I “erase” those expenses using the cash back.
The Blue Cash Everyday card’s strength lies in its earning structure. It earns 2% at Gas Stations and Department Stores. Unlike the Blue Cash Preferred, this card still has its Department Store category. This means that the Blue Cash Everyday is one of the best cards for earning rewards directly at department stores.
However, the Blue Cash Everyday card’s main purpose is Grocery Store earning. That’s because it earns a higher 3% cash back. The 3% is limited to the first $6,000 spent at Grocery Stores. Thereafter, the rate goes down to 1%.
The Blue Cash Everyday also has a sign-up bonus worth $150. This bonus can be earned after spending just $1,000 in the first three months. This is like getting a 15% return on the first $1,000 in purchases with the card. There are also targeted bonuses worth $200.
American Express’ cash back cards are hampered by having only valuable two ways to redeem cash back: statement credits and gift cards. This is unfortunate because many of Amex’s competitors offer more ways to redeem. For example, Discover lets you deposit cash back rewards into a bank account among other methods. Personally, I would prefer depositing my cash earned into a bank account so I can invest it.
This is the most common way to redeem cash back with an Amex card. It’s also best for travelers who can put atypical travel expenses on their Blue Cash Preferred and then “erase” them with the cash back.
American Express has six pages of gift cards to choose from on their website. Cash back is worth 1 CPP (like normal) when redeeming for gift cards. Conversely, Membership Rewards points are worth a lot less for this redemption method.
I would select this method first out of the three because gift cards can be used at any time.
This third method is the least valuable because American Express’ merchandise is overpriced. You can get the same (or similar) merchandise on Amazon or at brick and mortar stores for less.
The Blue Cash and Cash Magnet cards are not known for their perks either. However, they do have standard American Express perks, such as Return Protection. For those who don’t travel, this is oftentimes enough. And having no perks is almost expected out of a no annual fee card, especially one that’s not designed for travel.
Rules & Regulations
Unfortunately, this card is subject to Amex’s Once Per Lifetime rule. This rule states that you can earn a sign-up bonus on any card only once. I suggest waiting until a targeted bonus comes out in the future.
Check out these alternatives if the American Express Blue Cash Everyday is not right for you.
American Express Blue Cash Preferred
The Blue Cash Preferred card is the “bigger sibling” of the Blue Cash Everyday card. It has a $95 annual fee (NOT waived the first year) and more categories than the Blue Cash Everyday card.
The Blue Cash Preferred earns 6% cash back at Grocery Stores and at US Streaming Services. It also earns 3% at Gas Stations and for Local Commuter Transit. This card also comes with a higher $250 sign-up bonus, which can be earned after spending $1,000 in the first three months.
People who spend at least $61 per week at Grocery Stores and want cash back should go for the Blue Cash Preferred card. Otherwise, the Blue Cash Everyday is better.
Bank of America Cash Rewards
This Bank of America (BOFA) card has a similar earning structure to the Blue Cash Everyday card. Many cash back lovers use these cards in tandem. The BOFA Cash Rewards card has no annual fee. It also has a $200 sign-up bonus, which can be earned after spending $1,000 in the first three months.
This card earns 3% back in a category of choice. You can choose from the following categories: dining, drug stores, gas, home improvement / furnishings, online shopping, or travel. The Cash Rewards card also earns 2% back at Grocery Stores and Wholesale Clubs. The BOFA card’s increased earning structure means that it could be more lucrative than the Blue Cash card for many people.
Furthermore, this card is also part of BOFA’s Preferred Rewards Program. This program lets BOFA account holders earn 10% more rewards on their credit cards. That percentage increases if you have more than $20,000 total in your BOFA accounts.
This card is better than the Blue Cash Everyday for BOFA account holders and people who don’t go to the grocery store that often. However, those who go to the grocery store often will earn more with the Blue Cash Everyday card.
The Blue Cash Everyday is a nice card for people who have light grocery expenses and often shop at department stores. It can also be useful in two unusual ways for travelers: paying for atypical travel expenses and as a foundational card for credit history.
I got my Blue Cash Everyday at a time when I wasn’t sure if I was traveling in the future. This card has served me well, even though I don’t use it every day.
Apply Today: American Express Blue Cash Everyday