Review of the American Express Blue Cash Everyday® and Blue Cash Preferred® Cards

Brendan Harkness

Brendan Harkness | Reviews

Apr 26, 2016 | Updated Sep 29, 2016

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American Express offers this pair of highly rewarding cash back cards, the Blue Cash Everyday® Card and the Blue Cash Preferred® Card.

They both offer cash back for the same types of purchases, and their potential interest rates are identical, but the Preferred card is an upgraded version that provides quite a bit more cash back (at the cost of an annual fee).

These cards are great for everyday spending, whether you get the Everyday or Preferred version. Read on to learn what makes them different and how they can help you save money on some of the things you buy the most.

Blue Cash Everyday® Card from American Express®

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 13.24% - 22.24% (Variable)
Quick Card Facts
  • 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.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases, 2% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and restrictions apply.

Blue Cash Preferred® Card from American Express®

For People with
Excellent Credit

  • Annual Fee: $75
  • Interest Rate: 13.24% - 22.24% (Variable)
Quick Card Facts
  • 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.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and limitations apply.

Blue Cash Preferred Card – Unboxing & Review

Logging In To Your Account

Once you’ve been approved for either of these cards, you can log in to your account at americanexpress.com.

You’ll see all of your account details, and a variety of options to view your finances, manage your account, redeem rewards, and request services.

Logging in to your Amex account.

Logging in to your Amex account.

 

Viewing your account details.

Viewing your account details.

The Rewards

Blue Cash Everyday

You’ll get:

  • 3% cash back at supermarkets (up to $6,000 in purchases per year, then 1% cash back)
  • 2% cash back at gas stations and select department stores
  • 1% cash back for all other purchases
  • A $100 signup bonus for spending $1,000 in the first 3 months
  • 10% cash back at US Wireless Telephone Service Providers in 2016 (up to $200, must apply by 6/15/2016)

Blue Cash Preferred

With this upgraded version of the card, you’ll get:

  • 6% cash back at supermarkets (up to $6,000 in purchases per year, then 1% cash back)
  • 3% cash back at gas stations and select department stores
  • 1% cash back for all other purchases
  • A $150 signup bonus for spending $1,000 in the first 3 months
  • 10% cash back at US Wireless Telephone Service Providers in 2016 (up to $200, must apply by 6/15/2016)

When I got my Blue Cash Preferred, I first checked to see if I was prequalified for the card. It turned out that I had an offer available for a $250 signup bonus instead of the normal $150, which I happily took. A great value for easy work!

The Verdict

As you can see, both of these cards have valuable features but the Preferred version is quite a bit more rewarding. You’ll get twice as much cash back when buying groceries, and a bit more back on gas and at department stores.

But the Preferred card also has an annual fee of $75, while the normal version is free to use. So is the Preferred card worth the cost?

Well, lets say you spend $100 on groceries per week for example, for a total of $5,200 per year. At 6% cash back, you’ll earn $312 back on that spending. That’s more than enough to pay for the annual fee, with quite a bit to spare.

So, if you’re going to be buying groceries regularly, the Preferred version of this card will probably be the right move. The cash back you earn from groceries alone should pay for the annual fee, and keep in mind that this doesn’t even take into account the gas you buy and other purchases you make with the card, which will mean even more cash back every year.

If you were to spend the same amount on groceries with the Everyday version of the card, you’d earn $156 back (still not a bad deal).

The Benefits

The Everyday and Preferred cards offer the same set of additional entertainment, shopping, and travel benefits. Check your card terms for details on your benefits and how to access them.

Entertainment

  • Entertainment Access

    Discounts to card member-only events, concerts, sporting events, and shows.

Security

  • Dispute Resolution

    Provides help and services dealing with fraudulent and unauthorized charges.

Shopping

  • Extended Warranty

    Adds up to one additional year to eligible warranties of 5 years or less.

  • Purchase Protection

    Items purchased with your card are protected against accidental damage and theft for 90 days.

  • Return Protection

    Eligible purchases can be reimbursed if the merchant won’t take it back within 90 days. Up to $300 per item, up to $1000 per year for each account.

  • Free ShopRunner Membership

    Provides free 2-day shipping and free return shipping on eligible items at participating stores (must register for the service).

Travel

  • Global Assist® Hotline

    Provides help when traveling 100 miles or more from home, such as lost passport recovery, finding legal services, dealing with sudden illness, and more. You pay for all third-party service costs.

  • Travel Accident Insurance

    Added financial security if a death is caused when traveling by plane, train, ship, or bus.

  • Roadside Assistance Hotline

    Help finding vehicle services like towing, changing a flat, or boosting a battery. You pay for all third-party service costs.

  • Car Rental Loss and Damage Insurance

    Provides coverage for stolen or damaged vehicles if you decline the rental company’s own insurance. Not all rentals or vehicles are covered. Provides secondary coverage only, not liability coverage.

The Verdict

The extra benefits provided by these cards are the exact same, so you won’t need to worry about these details if you’re trying to choose between these two cards.

The Costs & Fees

Card Annual Fee Intro APR for Purchases and Balance Transfers Regular APR for Purchases and Balance Transfers Cash Advance APR Foreign Transaction Fee
Blue Cash Everyday $0 0% for 12 months  13.24% - 22.24% (Variable) 25.49% *Variable 2.7%
Blue Cash Preferred $75 0% for 15 months  13.24% - 22.24% (Variable)  25.49% (Variable) 2.7%
Card Penalty APR Late Fee Returned Payment Fee
Blue Cash Everyday 29.49% *Variable Up to $37 Up to $37
Blue Cash Preferred 29.49% (Variable) up to $37 up to $37

The Verdict

The costs and fees of these cards are almost completely identical. If you’re trying to choose between them, the annual fee is the only detail you need to worry about.

Both cards have a very generous 0% intro APR period – 15 months for the Preferred and 12 months for the Everyday – which are pretty long compared to most other options out there. Just remember the high penalty APR, which could be implemented if you make a late or returned payment.

Take note that 0% intro APRs are great, but if you make a late or returned payment you could lose it before it officially ends, leaving you with the high penalty APR!

Insider Tip: You may be able to get the annual fee on this card waived. Just call customer service and ask nicely to have it waived, explaining that you’ve been a good, responsible customer for some time. Or, if you’re thinking of canceling the card, you can let them know that you’d consider staying with them if they waive the fee. In some cases they may offer a different incentive, like bonus points.

And if you’re in the military on active duty, you can submit an online request for SCRA benefits, which will probably include having the annual fee waived.

The Bottom Line

The Blue Cash cards from American Express are some of the most rewarding cards on the market. The 3% cash back for groceries with the Blue Cash Everyday card is usually as good as it gets, which makes the 6% back with the Blue Cash Preferred card pretty incredible.

Since these cards have identical benefits and nearly identical fees, the major deciding points are the amounts of cash back they provide and the annual fee.

Although each card has a $6,000 limit for the cash back offer on groceries, you’ll still get quite a bit of cash back even if you hit that limit. If you spend the full amount in 1 year this still equates to $180 for the Everyday card and $360 for the Preferred, quite a nice return on purchases you’ll already be making.

While the Preferred card does have a $75 annual fee, you’ll be able to easily pay for it with the cash back you get, with a lot more to spare. This doesn’t even take into account the signup bonus: the $150 you can earn will pay for 2 years of the card all by itself, making the cash back you earn pure profit.

These cards also come with the award-winning customer service of American Express, so you can expect a relatively good experience if you need to deal with any problems that might come up (compared to some other card issuers).

Do you use one of these cards? How do you like it? Click here to leave your own review of the Blue Cash Everyday, or click here to leave a review for the Blue Cash Preferred.

Was this helpful?
  • AMEX Blue Cash Everyday, a MUST in your wallet!

    Want to get $100 cash back from AMEX?

    Please use My Referral link: http://goo.gl/Hb3x5k

    You’ll get $100 cash back after $1,000 purchase in first 3mos, and I will receive, a $50 Rewards Dollars (once approved you can have this referral benefit as well).

    Personally, besides all the main features, specially the cash back, I think that the Travel Insurance, Purchase & Return Protection, and Extended Warranty are undoubtedly a MUST added Bonus. You never know when you are going to need these, specially now days with so many situations to worry about in our lives… “better safe than sorry!”. I do have another AMEX card for quite sometime and Customer Service is always on point and very professional.

    On the other hand, as for the credit requirements, lucky me, I was approved instantly on October 2015. I live in NJ; AMEX used EXPERIAN. At that time on Credit Karma my Credit Score on TU: 754; EQUIFAX: 753. On Credit.com was 788 and VantageScore 763. The credit inquiry lowered my score by 6 points, but obviously it will go up as months go by.

    This is one of “THE” BEST credit cards out there. Why? Lets look at some of the AMEX Blue Cash HUGE Benefits:

    * $100 cash back after $1,000 purchase in first 3mos

    * 3% Cash back on US supermarkets

    * 2% on gas stations & dept stores

    * 1% on all purchases

    * AMEX Offers

    * Twitter Promos

    * 0% APR for 15 mos (including balance transfers)

    * NO annual fee

    * Refer Friends for $50 Rewards Dollars (http://goo.gl/Hb3x5k)

    * ApplePay or Android Pay (secure payment methods & convenient)

    * ShopRunner (free 2 days shipping)

    * Travel Accident Insurance included when buy air tickets with card

    * Extended Warranty on products (up to 1 year)

    * Purchase & Return Protection (even if item gets stolen for up to 90 days from date of purchase)

    * Global Assist Hotline anywhere in the world

    * And much more (For full details go to http://www.americanexpress.com and select Blue Cash Card Benefits)

    Please, if you decide to apply, I will be forever thankful, if you use my referral link: http://goo.gl/Hb3x5k which once approved, you will receive $100 cash back after $1,000 purchases in the first 3 months, and I will receive a $50 Rewards Dollars, which can be used as a credit on my statement. Once you are approved, you can referred as well in order to get the same benefit, up to $550 Rewards Dollars per calendar year.

    Thank you and endless blessings!

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