What's The Catch? Blue Cash Everyday Review 2016
If you want a cash back credit card with the same rewards categories year-round, then consider the Blue Cash Everyday Card. This credit card with no annual fee also offers $100 back after you spend $1,000 on purchases on your new card in your first 3 months. Read on for the pros and cons.
Pros and Cons
- Cash back
- $100 promotional offer
- Intro APR on purchases and balance transfers for 15 months
- No annual fee
- Not a Visa/MasterCard
Great cash back card for cardholders who pay in full
NEED AN EVERYDAY CREDIT CARD?
Here is why you may want to consider this credit card:
- Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.
- Earn Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 2% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.
- With the Blue Cash Everyday® Card, you can start earning cash back. No rotating reward categories. No enrollment required.
- Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Cash back is earned only on eligible purchases.
- No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 13.24% to 22.24%, based on your creditworthiness and other factors.
- Terms and restrictions apply.
- See Rates & Fees
WHO IS THIS CARD IS RIGHT FOR?
- If you mostly eat at home: You earn 3% cash back at U.S. supermarkets on up to $6,000 per year in purchases.
Our suggestion: If you spend more than $49/week on groceries, consider the Blue Cash Preferred instead. The Blue Cash Preferred earns 6% back at U.S. supermarkets (on up to $6,000 per year in purchases), but has a $75 annual fee.
- If you drive a lot: You earn 2% cash back at U.S. gas stations.
Our suggestion: If you spend more than $145/week on gas, consider the Blue Cash Preferred instead. The Blue Cash Preferred earns 3% back at U.S. gas stations but has a $75 annual fee.
- If you’re a big shopper: You earn 2% cash back at select U.S. department stores
Cash Back: What You Need to Know About the Rewards
Here’s why this card is a standout:
The Blue Cash Everyday Card is simple to follow compared to some other cash back credit cards that give users more cash back on certain types of purchases that change 4 times a year. It can be tough to remember which credit card to use with such rewards programs. This Amex card has a relatively simple system without rotating bonus categories to think about.
Cardholders receive extra cash back at U.S. supermarkets, U.S. gas stations and select U.S. department stores. These are some of the most common expenses for many families. As the name implies, if you use this card on your "everyday" purchases, you can see how the cash can start to add up:
- 3% cash back at US supermarkets (up to $6,000 per year in purchases at US supermarkets qualifies for 3% cash back; 1% thereafter.)
- 2% cash back at US gas stations and select US department stores.
- All other eligible purchases earn you cash back at the rate of 1%.
Redemption is also straightforward: The cash back you accrue is called Reward Dollars, which you can redeem for statement credit.
CAN YOU GET A BETTER REWARDS WITH ANOTHER AMEX CARD?
While you could get higher percentages with other American Express cards for some purchase categories, those cards often feature an annual fee. Can’t decide between this one and another Amex card? Take a look at your purchases in the past 3 months and see how much you would have earned with this card versus the other one.
Would your estimated earnings have come close to making up for an annual fee (if so, you may want to consider the Blue Cash Everyday Preferred)? Did you buy a lot of groceries? Or spent too much at the gas pump?
Supermarket List: What is a "U.S. Supermarket"?
How you interpret what that offer means may differ from the credit card company. American Express considers a supermarket as a store that offers a variety of food and household products, including produce, meat, and dairy as well as cleaners and pet food.
Chances are if a store sells groceries in addition to clothes and electronics, it is not — in Amex’s view — a supermarket. So-called big-box stores (like Wal-Mart and Target), online superstores (like Amazon), and warehouses (like Costco) are NOT considered supermarkets. Your mom-and-pop corner grocery store or specialty shop that only sells cheese or meat are also NOT considered supermarkets. Retailers that qualify include Whole Foods, Meijer, Shoprite, Winn-Dixie, Stop and Shop, Vons, Pathmark, and online supermarket FreshDirect, among others.
Gas Station List: What is a "U.S. Gas Station"?
The good news about this card’s cash back for gas station purchases is it goes beyond just gas. If the gas station you frequent also has a convenience store, consider using your Amex at the pump and inside the store to get your milk or other last-minute items (don’t go crazy just to get the cash back, however, as items you buy in a gas-station store are usually more expensive than other merchants).
Amex views qualifying gas stations as those in the United States that primarily sell gasoline, so supermarkets (like Safeway) and warehouse clubs (like Costco) do NOT fall under this category even if they have their own pumps. Shell, Mobil, Hess, Exxon, Gulf, and Murphy are some of the gas stations where you can get 2% back with this card.
Department Store List: What is a "Select U.S. Department Store"
Earn 2% cash back at select department stores in the U.S.. You can get cash back for purchase made online or at the stores that have these specific names:
- Bon Ton Stores
- Century 21 Department Stores
- J.C. Penney (JCP)
- Lord & Taylor
- Neiman Marcus
- Saks Fifth Avenue
- Stein Mart
Beyond the Rewards: 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.
The car rental loss and damage insurance provides coverage for theft or damage of eligible rental vehicles. In other words, you can skip the costly insurance fees charged by rental companies if you use you card when you rent an eligible car. And with travel assistance, cardholders can gain medical, legal and other emergency assistance when travelling more than 100 miles from home.
The 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, so it will charge you extra on every purchase you make with it outside the U.S. If you plan to travel internationally, you’ll need to remember to bring a no foreign transaction fee credit card with you instead.
- $100 back 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
- Not a Visa/MasterCard
- 2.7% foreign transaction fee
HOW IT COMPARES
How About the Preferred? If you spend more than $2500/year (~$49/week) at U.S. supermarkets or more than $7,500 (~$145/week) at U.S. gas stations, consider the Blue Cash Preferred, which has a $75 annual fee but offers 6% at U.S. supermarkets (on up to $6,000 per year) and 3% at U.S. gas stations.
|See Rates & Fees||See Rates & Fees|
|Cash Back Deal||Introductory Bonus Cash Back: Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.||Introductory Bonus Cash Back: Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.|
|Cash Back||Cash Back Rewards: 3% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 2% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.||Cash Back Rewards: 6% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 3% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.|
|Gas||Gas Rewards: 2% at US gas stations. Terms and limitations apply||Gas Rewards: 3% cash back at US gas stations|
|Grocery||Grocery Rewards: 3% at US supermarkets, up to $6,000 per year in purchases (1% thereafter). Terms and limitations apply||Grocery Rewards: 6% cash back at US supermarkets on up to $6,000 per year in purchases (then 1%)|
How About Chase Freedom? If you prefer a Visa credit card, consider the Chase Freedom. Right now, this no annual fee credit card also has a $150 promotion (spend $500 within 3 month and you'’ll get $150 back).
Interest Rates and Fees
|Introductory APR for Purchases||0% introductory APR on Purchases for 15 months||0% Intro APR for 15 Months|
|Introductory APR for Balance Transfers||0% introductory APR on Balance Transfers for 15 months||0% Intro APR for 15 Months|
|Purchase APR||13.24% to 22.24% Variable based on your creditworthiness and other factors||14.24% to 23.24% Variable based on your creditworthiness and other factors|
|Balance Transfers APR||13.24% to 22.24% Variable based on your creditworthiness and other factors||14.24% to 23.24% Variable based on your creditworthiness and other factors|
Benefits and Features
|Introductory Bonus Cash Back||Introductory Bonus Cash Back: Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.||Introductory Bonus Cash Back: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening|
|Cash Back Rewards||Cash Back Rewards: 3% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 2% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.||Cash Back Rewards: Unlimited 1% cash back on all other purchases - it's automatic|
|Bonus Cash Back||Bonus Cash Back: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
It's free and easy to activate your bonus each quarter.|
Bonus Categories for 2016:
Q1 (January 1 – March 31, 2016): Gas stations and local commuter transportation (not including parking, tolls, and Amtrak® purchases)
Q2 (April 1 - June 30, 2016): Grocery stores (not including Walmart®, Target®, discount or warehouse club store purchases)
Q3 (July 1 – September 30, 2016): Restaurants (details TBA)
Q4 (October 1 – December 31, 2016): Holiday shopping (details TBA)
|Gas Rewards||Gas Rewards: 2% at US gas stations. Terms and limitations apply|
|Grocery Rewards||Grocery Rewards: 3% at US supermarkets, up to $6,000 per year in purchases (1% thereafter). Terms and limitations apply|
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Related: Blue Cash Everyday vs Chase Slate
Blue Cash Everyday is a good credit card for people who pay their balance in full each month and want cash back without the complexity of rotating rewards categories and. Remember, as with all credit card offers, terms and limitations apply.
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Meghan C is a contributing writer at CreditDonkey, a credit card comparison and financial education website. Our data-driven analysis has been recognized by major news outlets across the country and has helped consumers 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: This content was first published on September 24, 2011. This content may have been updated on January 4, 2016. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check American Express website for updated information.
Editorial Note: 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 any card issuer. This site may be compensated through the Advertiser's affiliate programs.