Blue Cash Everyday Card Review: Pros and Cons
If you’re an individual who spends a good amount at grocery stores and gas stations, this card is for you. Also, if you have kids that are in school, this card is an excellent option for you to consider. If you shop for school clothes each fall, you have the potential to cash in big time. Blue Cash Everyday Card makes it very easy to earn and redeem your rewards.
American Express Blue Cash Pros
Introductory Statement Credit
You can begin earning rewards right away with the Blue Cash Everyday card. If you spend $1,000 within the first three months, you get a $100 credit. This credit will go on your statement, and it is relatively easy to earn. Furthermore, if you use this card every day, you’ll make it well within the three-month window. This can be helpful if you fall short when you’re paying down your balance.
U.S. Supermarket Cash Back
The Blue Cash Everyday card comes with huge earning potential. They offer a 3 percent cash back on supermarket purchases. If you regularly shop at:
- Meijer
- Pathmark
- Stop and Shop
- Shoprite
- Winn-Dixie
- Whole Foods and more
The 3 percent cash back is for the first $6,000 you spend annually. However, you could easily go through this quickly if you have a larger family. Once you max it out, it’s worth $ 180 per year. The Blue Cash Everyday card counts paper products and cleaning supplies you purchase at these stores also.
American Express Blue Cash Gas Station and Department Store Cash Back
If you find yourself gassing up a lot, you get 2 percent cash back with the American Express Blue Cash. So, you’re going to spend the money on gas anyway, why not get rewarded for it? The only catch is you have to use individual gas stations to qualify. The cash back is good at these retailers:
- Exxon
- Gulf
- Hess
- Mobil
- Murphy Express
- Murphy USA
- Shell and more!
You will also earn 2 percent cash back at certain department stores and drugstores with the Amex Blue Cash. Always check that your store of choice is on the list that Blue Cash Everyday Card uses. If you usually shop at these department stores and drugstores, you’re in luck.
- Bloomingdale’s
- Bon Ton Stores
- Dillard’s
- JC Penny
- Kohl’s
- Macy’s
- Neiman Marcus
- Nordstrom
- Saks Fifth Avenue
- Sears and more!
Zero Percent Introductory APR
The American Express Blue Cash offers an introductory $0 APR for the first 12 months. This is helpful if you plan to take a few months to pay off your balance. There is also a 0 percent rate on balance transfers. However, once the introductory 12 month period is up, the APR goes to 13.99 percent to 24.99 percent. This rate will be dependant on your credit rating and history. So it’s a good idea to not carry a balance after the introductory period.
Eligible with a Good to Excellent Credit Score
If you want a rewards card but only have ‘good’ credit of around 690, you could qualify for this one. The Blue Cash Everyday card will allow people will good credit to apply and get this card. Most rewards cards only accept ‘excellent’ credit ratings, so this is a huge perk.
American Express Blue Cash Cons
Foreign Transaction Fee
If you plan to travel internationally, you should probably choose another rewards card. The Blue Cash Everyday Card will charge a 2.7 percent foreign transaction fee if you use it abroad. The card will add this fee to every purchase you make outside of the United States. Furthermore, this can add up quickly if you do a lot of traveling.
Lower Acceptance Rate
Unfortunately, the Blue Cash Everyday Card is American Express. American Express isn’t as widely accepted as Visa or Mastercard. This can make using this card a bit more difficult. It might be a good idea to carry a backup card just in case this one isn’t accepted.
Unable to Transfer or Combine Rewards
Some cards allow you to transfer or combine your rewards. So, this isn’t the case for the American Express Blue Cash. The rewards you earn on this card are just for this card. This can make it more difficult to rack up a nice reward pay off across multiple cards.
Purchase Limit on the 3 Percent Cash Back
While the 3 percent cash back is nice on grocery store purchases, it has a cap. Once you spend $6,000 annually, it drops from 3 percent to 1 percent. This is still a nice cash back option, but you could hit the cap very early in the year. One percent cash back is better than nothing, especially if you continue your shopping trends. The Blue Cash Preferred® Card offers, even more, rewards on grocery store purchases.
Higher APR
This is a rewards card, so it tends to have a higher APR. However, if you have less than perfect credit, it can be even higher. It all goes by your credit rating. If you don’t carry a balance, this won’t be much of a problem. If you do though, you’ll get an APR of up to 24.99 percent added to your balance.
Blue Cash Everyday Card Final Thoughts
In conclusion, the Amex Blue Cash is an excellent card for families. It has a lower acceptance rate than a lot of rewards cards as well. If you have less than excellent credit but want a rewards card, this could be a good option. Also, if you don’t plan to carry a balance from month to month, this card can work for you. Lastly, the Blue Cash Everyday Card can work very well if you’re a person who uses credit cards responsibly.
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