14 Days Review Amex Blue Everyday Card What Does It Mean

Many or all of the products here are from our partners that pay us a commission. It's how we make money. But our editorial integrity ensures our experts' opinions aren't influenced by compensation. Terms may apply to offers listed on this page.

The cash back rewards on the Blue Cash Preferred® Card from American Express are about as impressive as it gets. It earns a staggering 6% back at U.S. supermarkets ($6,000 annual spending cap), as well as 3% back on transit and at U.S. gas stations. Terms apply. New cardholders can also score a sizable welcome bonus. Find out more about this card's features and see how much it can save you in our Blue Cash Preferred® Card from American Express review.

Blue Cash Preferred® Card from American Express

Regular APR

15.49%-25.49% Variable

The U.S. supermarkets and U.S. gas stations rewards are clear standouts, in addition to a big welcome bonus and a nice 0% intro APR offer.
- Big welcome bonus
- U.S. supermarkets rewards
- U.S. gas stations rewards
- Streaming subscription rewards
- Annual fee
- Foreign transaction fee
- Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a fixed monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low intro APR: 0% intro APR for 12 months on purchases from the date of account opening, then a variable rate, 15.49% to 25.49%
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- $95 Annual Fee.
- Terms Apply.

Full Amex Blue Cash Preferred review

This credit card is a good fit for: Consumers who spend quite a bit on groceries and gas. Families are well suited to get the most value from this credit card's bonus categories.

Top perks

The Blue Cash Preferred® Card from American Express has a great lineup of popular credit card benefits.

Up to 6% cash back

This card has stellar cash back rates, as you earn:

6% back at U.S. supermarkets, capped at $6,000 per calendar year
6% back on select U.S. streaming subscriptions
3% back at U.S. gas stations
3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses, and more
1% back on other purchases
Terms apply

A 6% cash back rate is among the highest we've seen from any credit card. What makes it even better is that you can earn that on groceries, one of the biggest monthly expenses for most consumers. With that and its gas, streaming, and transit rewards, this card can help you save quite a bit on everyday purchases.

See more cards offering big rewards: Best Cash Back Credit Cards

$350 welcome bonus

You can earn $350 in statement credits when you spend $3,000 in purchases on your card within the first six months. As far as cash back cards are concerned, this is one of the biggest welcome bonuses, and most other cards only give you 90 days to reach your spending requirement. Terms apply.

Find more valuable bonuses: Best Sign-Up Bonus Credit Cards

Travel and purchase protections

American Express cards typically include a nice list of complimentary protections that cover eligible purchases. This one is no exception. It offers:

Rental car insurance*
Purchase protection**
Return protection***
Extended warranty**

Terms apply.

$120 annual Equinox credit

This card offers up to $120 back annually, in $10 monthly statement credits, for an Equinox+ membership. To receive the benefit, you must enroll in your American Express card account. Terms apply.

Equinox+ is a fitness app with at-home workouts that normally costs $39.99 per month. If you've been interested in signing up, then the Blue Cash Preferred® Card from American Express can save you $10 per month on a membership.

Related: Read The Ascent's guide to the Best American Express Credit Cards.

Alternatives to consider

If you don't want to pay an annual fee: This card's no annual fee alternative is the Blue Cash Everyday® Card from American Express. It earns a respectable 3% back on up to $6,000 per year in U.S. supermarket spending and 2% back at U.S. gas stations and select U.S. department stores. Terms apply (see rates and fees).
If you spend more on dining and entertainment: The Capital One® Savor® Cash Rewards Credit Card earns 4% back in both those categories, plus another 3% back at grocery stores. And those are all unlimited rates, so there's no spending cap on how much bonus cash you can earn. Though it has an annual fee, it's the ideal card for consumers who dine out more than at home.

Read more: Best Gas and Groceries Credit Cards

As of Jul. 06, 2022


Blue Cash Preferred® Card from American Express	Blue Cash Everyday® Card from American Express	Capital One® Savor® Cash Rewards Credit Card
Rating image, 5.00 out of 5 stars. 5.00 stars We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.	Rating image, 4.50 out of 5 stars. 4.50 stars We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.	Rating image, 4.50 out of 5 stars. 4.50 stars We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Apply Now for Blue Cash Preferred® Card from American Express On American Express' Secure Website. Terms apply	Apply Now for Blue Cash Everyday® Card from American Express On American Express' Secure Website. Terms apply	Read Review
	Read Full Review
Rates & Fees	Rates & Fees
Credit Rating Requirement: Good/Excellent (670-850)	Credit Rating Requirement: Good/Excellent (670-850)	Credit Rating Requirement: Good/Excellent (670-850)

Welcome Offer: $350 statement credit	Welcome Offer: $200 statement credit	Welcome Offer: $300

Rewards Program: 1% - 6% cash back	Rewards Program: 1% - 3% cash back	Rewards Program: 1% - 4% cash back

Intro APR: Purchases: 0%, 12 months Balance Transfers: N/A	Intro APR: Purchases: 0%, 15 months Balance Transfers: N/A	Intro APR: Purchases: N/A Balance Transfers: N/A

Regular APR: 15.49%-25.49% Variable	Regular APR: 15.49%-25.49% Variable	Regular APR: 17.49% - 25.49%, variable

Annual Fee: $95	Annual Fee: $0	Annual Fee: $95

Highlights: Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a fixed monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors. Low intro APR: 0% intro APR for 12 months on purchases from the date of account opening, then a variable rate, 15.49% to 25.49% 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit. $95 Annual Fee. Terms Apply.	Highlights: Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors. Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 15.49% to 25.49%. 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% Cash Back at U.S. gas stations. 1% Cash Back on other purchases. Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits. No annual fee. Terms Apply.	Highlights: Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening Earn unlimited 4% cash back on dining, entertainment, and for popular streaming services, earn 3% at grocery stores and 1% on all other purchases. No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn No foreign transaction fees Capital One cardholders get access to premium experiences in dining, entertainment and more
Apply Now for Blue Cash Preferred® Card from American Express On American Express' Secure Website. Terms apply	Apply Now for Blue Cash Everyday® Card from American Express On American Express' Secure Website. Terms apply
Show More Show Less

What could be improved

Although it has fantastic perks, the Blue Cash Preferred® Card from American Express also has a couple drawbacks worth mentioning.

Annual fee

The Blue Cash Preferred® Card from American Express has a $95 annual fee (see rates and fees). The cash rewards this card offers can easily make up for that annual fee. For example, if you spend $6,000 at U.S. supermarkets per year, you'll earn $360 from that alone.

Do your own math to make sure the benefits of this card are worth the cost. If you aren't a big spender, a no annual fee credit card may work better for you.

RELATED: Best No Annual Fee Credit Cards

Foreign transaction fee

The Blue Cash Preferred® Card from American Express charges a 2.7% foreign transaction fee. This fee applies to purchases made in a foreign currency or with foreign merchants (see rates and fees).

Between the card's foreign transaction fee and the fact that most of its bonus categories are only valid with U.S.-based businesses, you probably wouldn't want to use it as a travel card.

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

A FICO® Score of 670 or higher is best when applying for the Blue Cash Preferred® Card from American Express. As one of the top rewards credit cards, it's targeted at consumers who have credit scores in the good credit to excellent credit range.

American Express uses several factors to evaluate your creditworthiness. Your credit score isn't the only thing that's important, but it does play a large role.

Boost your chances: How to Increase Your Credit Score

Is the Amex Blue Cash Preferred worth it?

Your annual fee will be $95 for the Blue Cash Preferred® Card from American Express. But when you consider its benefits and its sky-high cash back rates, this card easily justifies the cost for most people.

Here's a hypothetical example of how much you could earn with this card per year:

Category	Cash-Back Rate	Spending	Annual Earnings
U.S. Supermarkets	6% up to $6,000 per year	$500 per month	$360
Select U.S. Streaming Subscriptions	6%	$20 per month	$14
U.S. Gas Stations	3%	$200 per month	$72
Transit	3%	$100 per month	$36
Other Eligible Spending	1%	$800 per month	$96

With a reasonable spending total of $1,620 per month, you'd earn at least $578 cash back each year. After subtracting the annual fee, you're still coming out $483 ahead.

It's worth noting that you need to have high spending in this card's bonus categories to take advantage of its rewards. If you don't, you're better off going through other credit card reviews to find one that works more with your spending habits.

LEARN MORE: A Complete Guide to Amex Blue Cash Preferred Benefits

The Amex Blue Cash Preferred is right for you if:

You spend at least $350 per month across its bonus categories and you want to earn cash back rewards. Here are the most common situations where the Blue Cash Preferred® Card from American Express would be one of the best credit cards to add to your wallet:

You're looking for a card that offers big rewards for a reasonable annual fee.
You spend a lot on groceries, gas, streaming services, and/or transit expenses.
You'd like a solid card with travel and purchase protections

Learn more: Best Rewards Credit Cards

FAQs

American Express determines your credit limit after submitting an application and assessing your financial details, such as credit score, debt-to-income ratio, and spending habits, among other factors. Accordingly, an applicant won't know their credit limit unless applying first.

That said, the card is intended for people with good credit and our research has shown the average credit limit for people with credit scores of 661 and higher ranges from $5,209 to $9,543.
Applicants with good to excellent credit, or a credit score of at least 670, will have the highest approval odds.
No. While a prestigious card with premium rewards that match some perks offered with luxury cards, it's not made of metal.

jacksonsunight.blogspot.com

Source: https://www.fool.com/the-ascent/credit-cards/american-express-blue-cash-preferred-review/