American Express Blue Cash: Everyday vs Preferred
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Which American Express cash back credit card should you get? Read this comparison review to see how the Blue Cash Everyday stacks up against the Blue Cash Preferred and its $95 annual fee.
Which card from American Express, a CreditDonkey advertiser, is right for you?
Interest Rates and Fees
|Introductory APR for Purchases||0% introductory APR for 12 months||0% introductory APR for 12 months|
|Introductory APR for Balance Transfers||0% introductory APR for 12 months||0% introductory APR for 12 months|
|Purchase APR||13.49% to 23.49% Variable based on your creditworthiness and other factors||13.49% to 23.49% Variable based on your creditworthiness and other factors|
|Balance Transfers APR||13.49% to 23.49% Variable based on your creditworthiness and other factors||13.49% to 23.49% Variable based on your creditworthiness and other factors|
|See Rates & Fees||See Rates & Fees|
Benefits and Features
|Cash Back Deal||Introductory Bonus Cash Back: Earn $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive cash back in the form of statement credits.||Introductory Bonus Cash Back: Earn $150 back after you spend $1,000 in purchases on your new Card in your first 3 months.|
|Cash Back||Cash Back Rewards: Earn Cash Back: 3% at U.S. supermarkets on up to $6,000 per year in purchases, 2% at U.S. gas stations & select U.S. dept stores, 1% on other purchases. Terms and limitations apply.||Cash Back Rewards: Everyday Cash Back: 6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 3% at U.S. gas stations; 1% other purchases. Terms and limitations apply.|
|Gas||Gas Rewards: 2% at U.S gas stations. Terms and limitations apply||Gas Rewards: 3% cash back at U.S gas stations. Terms and limitations apply|
|Grocery||Grocery Rewards: 3% at U.S supermarkets on up to $6,000 per year in purchases (1% thereafter). Terms and limitations apply||Grocery Rewards: 6% cash back at U.S supermarkets on up to $6,000 per year in purchases (then 1%). Terms and limitations apply|
Why Either Blue Cash Everyday or Blue Cash Preferred Is Good
With either Blue Cash Everyday or Blue Cash Preferred, you get:
- Cash back: You get 1% back on purchases and higher amounts for some categories (the details vary for each card).
- Cash back bonus: As a promotion, use either card often enough to spend $1,000 within the first 3 months, and you’ll get statement credit — $100 with the Blue Cash Everyday and $150 with the Preferred.
- 0% intro APR on purchases and balance transfers for the first 12 months: After the promo period, you’ll have a variable rate based on your creditworthiness and other factors, currently between 13.49% and 23.49%.
Why Blue Cash Everyday Is Superior
Blue Cash Everyday cardholders receive 3% back on purchases made at qualifying U.S. supermarkets on up to $6,000 worth of purchases per year; 2% at U.S. gas stations and select department stores; and 1% back on other purchases. Cash back comes in the form of rewards dollars that can be redeemed as a statement credit.
Here is why you may prefer Blue Cash Everyday to Blue Cash Preferred:
- No annual fee. This is the big reason to go for this card over the Preferred, which justifies its annual fee with a more generous rewards setup.
Why Blue Cash Preferred Is Superior
Blue Cash Preferred cardholders receive 6% back on purchases made at qualifying U.S. supermarkets (on up to $6,000 worth of purchases per year), 3% back at U.S. gas stations and select department stores, and 1% back on other purchases. Cash back comes in the form of rewards dollars that can be redeemed as a statement credit.
Here is why you may prefer Blue Cash Preferred to Blue Cash Everyday:
- Intro offer: earn $150 back in a statement credit when you spend $1,000 on the card in the first 3 months. That’s $50 more than the Blue Cash Everyday’s intro offer.
- Better cash back rewards. Although both cards earn cash back on purchases, Blue Cash Preferred cardholders earn more cash back on groceries and gas, two common household spending categories.
Both Do Have Downsides
With Blue Cash Everyday:
- Lower cash back rewards. Spending the same amount on gas and groceries with the Blue Cash Everyday Card earns you fewer rewards than you could be earning with the Blue Cash Preferred Card.
With Blue Cash Preferred:
- Annual fee. The Preferred Card comes with a $95 annual fee, unlike the Everyday card. To justify that fee, consider this example: if you used the card often enough to buy $1,584 worth of groceries at U.S. supermarkets within a year, you’d get $95.04 in cash back. For many families, that’s a easy threshold to meet, and it’s not including all the other ways they can earn cash back with this card. However, if you’re looking for a card that you’ll only use occasionally, you may not find the annual fee to worth the trouble.
Also Keep In Mind
- Both cards have a foreign transaction fee of 2.7% that applies to purchases made with the card outside the United States. If you plan to travel outside the U.S., consider a credit card with no foreign transaction fee.
- Both rewards programs cap their cash back rate on grocery store purchases at $6,000 in purchases a year, which averages to $115 a week. After reaching the limit, cash back goes to 1% for supermarket purchases.
- American Express credit cards are generally not accepted as widely as Visa or MasterCard.
- Both cards require excellent credit.
- Most rewards credit cards do not have low interest rates. These cards are not an exception; you could be subject to a variable APR of 13.49% to 23.49%, depending on your creditworthiness and other factors.
So, Should You Get Blue Cash Everyday or Blue Cash Preferred?
Before deciding on a card, look at your recent spending habits and apply the cash back percentages from both cards to see how much cash back you would likely earn over the course of a year.
In our opinion, in most cases (especially if you’re a frequent visitor of your local supermarket), the Blue Cash Preferred is the better card for cash back if you’ll be spending enough to justify the annual fee.
The question is: will you use it often enough, year after year? If you buy a lot of groceries every week (an average of $100) and buy gas at least once a week, you may benefit by the upgrade to the Preferred. Otherwise, consider the Blue Cash Everyday.
Michelle Kaiser is a retail analyst at CreditDonkey, a credit card comparison and financial education website. Write to Michelle Kaiser at email@example.com. Our data-driven analysis has been recognized by major news outlets across the country and has helped families make savvy financial and lifestyle decisions.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through the Advertiser's affiliate programs.
Disclaimer: The information for the Blue Cash Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.