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Updated March 7, 2014

Blue Cash Everyday Review: Cash Back Card with No Annual Fee


If you’re looking for a cash back credit card that rewards you for your most common purchases and doesn’t charge an annual fee, you should check out the Blue Cash Everyday Card from American Express. This card also offers 50 Reward Dollars after you use your new Card to make $1,000 in purchases within the first 3 months.

4/9/2014 Update: We're sorry, Blue Cash Everyday® Card from American Express is no longer available on CreditDonkey. This offer may have been discontinued or may no longer be available to new applicants.

Overall Score

4.0

Rewards

5.0

Interest Rates

3.0

Fees

4.0

Benefits

4.0
5-point scale (the higher, the better)

Pros and Cons

  • Cash back
  • Intro APR on purchases and balance transfers for 15 months
  • No annual fee
  • Not a Visa/MasterCard

Bottom Line

Great cash back card for cardholders who pay in full

Bonus: Introductory Offers

This card offers a 0% introductory APR on purchases and balance transfers for the first 15 months of card membership. After that, the APR will be a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors. Be sure you pay your balance off before the introductory period ends, because the APR for this card can range from 12.99% to 21.99%.

You can get 50 Reward Dollars after you use your new Card to make $1,000 in purchases within the first 3 months. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. For frequent onliner shoppers, this is a good bonus offer.

Cash Back

Once upon a time, Blue Cash cards had a spending threshold that had to be met before cardholders could start to earn the full cash back. Thankfully, American Express altered this policy with this card, so cardholders are now able to accrue cash back rewards with this card at the full rate.

Cardholders receive extra cash back at US supermarket, at US gas stations and select US department stores, which are some of the most common expenses for many families. The rate is 3% cash back at US supermarkets (up to $6,000 per year in purchases) and 2% cash back at US gas stations and select US department stores. All other eligible purchases also earn you cash back at the rate of 1%. (The first $6,000 of purchases at US supermarkets in a calendar year qualifies for 3% cash back; 1% thereafter.)

Other American Express cards may pay cardholders more for some purchase categories, but those cards often feature an annual fee. When choosing between the cards, your best bet is to look at your purchases in the last several months and see how much you could have earned with the cash back rewards. You can then make an estimate of your annual cash back earnings. If your estimated earnings are more than the annual fee for the other card, then that card may be your best bet. If you are uncertain whether you will make enough purchases with your credit card to hit the annual fee, then a card like this one may be a better choice for your wallet.

Extra Protections

The Blue Cash Everyday card also provides cardholders with extra travel and purchase protections, including car rental loss and damage insurance, travel accident insurance, travel assistance, extended warranty, purchase protection and return protection.

Using the Blue Cash Everyday card for travel expenses will allow cardholders to gain access to the travel benefits. The car rental loss and damage insurance provides coverage for theft or damage of rental vehicles. This saves cardholders from the costly insurance fees charged by rental companies. And with travel assistance, cardholders can gain medical, legal and other emergency assistance when travelling more than 100 miles from home.

A return protection plan also helps cardholders when they want to return an eligible item; if the merchant won’t take the eligible product back and it has been less than 90 days, American Express will take it and issue a refund of the full purchase price up to $300 per item. This benefit excludes shipping and handling and maxes out at $1,000 annually.

Foreign Transaction Fee

Unfortunately, the Blue Cash Everyday has a 2.7% foreign transaction fee. If you plan to travel internationally, you may want to consider a no foreign transaction fee credit card instead.

Pros

  • 50 Reward Dollars after you use your new Card to make $1,000 in purchases within the first 3 months
  • 3% cash back at US supermarket (up to $6,000 per year in purchases), 2% at US gas stations and select US department store purchases
  • No annual fee
  • Introductory 0% APR on purchases and balance transfers for 15 months

Cons

  • Not a Visa/MasterCard
  • 2.7% foreign transaction fee

Bottom Line

The Blue Cash Everyday is a good credit card for people who want cash back on their most common purchases and pay their balance in full each month.

(Editing by Erin K)

4/9/2014 Update: We're sorry, Blue Cash Everyday® Card from American Express is no longer available on CreditDonkey. This offer may have been discontinued or may no longer be available to new applicants.

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Disclaimer: This content was first published on September 24, 2011. This content may have been updated on March 7, 2014. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check the issuer's website for updated information.

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Compare Blue Cash Everyday to:

Chase Freedom
Apply for Chase Freedom
  • Earn a $100 Bonus after you make $500 in purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99%-22.99%.
  • 5% Cash Back on up to $1,500 in combined purchases between April 1 and June 30, 2014 at restaurants and Lowe's® home improvement stores
  • You'll enjoy new 5% categories every 3 months like gas stations, restaurants and Amazon.com. It's free and easy to activate your bonus each quarter!
  • Unlimited 1% Cash Back on all other purchases
  • No annual fee and rewards never expire
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
13.99% - 22.99% (Variable)
$0

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March
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2014

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