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Blue Cash Everyday Review: Cash Back Card with No Annual Fee
Read more about Blue Cash Everyday® Card from American Express
If you’re looking for a go-to 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 100 Reward Dollars after you spend at least $1,000 in the first 3 months, along with extra protections and a referral bonus.
Pros and Cons
Great cash back card for cardholders who pay in full
This card offers a 0% introductory APR on purchases for the first 12 months of card membership. After that, the APR will be a variable rate, currently 12.99 to 21.99%. Be sure you pay your balance off before the introductory period ends, because the APR for this card can be on the high side. Keep in mind, there is no introductory APR on balance transfers.
You can get 100 Reward Dollars if you spend at least $1,000 on eligible purchases within your first 3 months of card membership. This is a great bonus offer.
Once upon a time, Blue Cash cards had a spending threshold that had to be met before cardholders could start to earn cash back. Thankfully, American Express altered this policy, so cardholders are now able to quickly accrue cash back rewards with this card.
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 pay cardholders more for some purchase categories, but those cards 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.
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.
When cardholders use their card for larger items, they will have extra warranty and purchase protection, which provides coverage in the event of theft or damage of purchased items.
A return protection plan also helps cardholders when they want to return an item but no longer have the receipt; if the merchant won’t take it 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.
There is also a Referral Bonus for cardholders. When cardholders refer their friends and family members, they receive $25 for each person who is approved for the card. Many people aren’t comfortable talking about finances and financial products with their friends and family, so this aspect alone probably won’t seal the deal for you. However, it is nice to get rewarded for the referrals you do make.
The Blue Cash Everyday is a great card for people who want cash back on their most common purchases and pay their balance in full each month.
(Editing by Erin K)
Disclaimer: This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. 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 June 15, 2013. 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.
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