I keep seeing the Blue Cash Everyday® Card from American Express winning “Best Best Cash-Rebate Card” from financial magazines like Kiplinger’s Personal Finance. A few people have asked about it, so here’s my quick review.
First of all, you get a welcome bonus in the form of $100 cash back just after spending $1,000 within the first 3 months of Cardmembership, which shouldn’t be that hard to do considering that this is the card you will be using on all your day to day purchases. Another reason to make this your everyday card, is the cash back you receive on everyday purchases:
* Earn 3% cash back at U.S. stand-alone supermarkets. (up to $6,000)
* Earn 2% cash back on gasoline at U.S. stand-alone gas stations and select major department stores.
* Earn 1% cash back on all other purchases.
“Eligible Purchases” are everyday Purchases made at U.S. supermarkets, gas stations and department stores, in each case that are not departments of superstores or warehouse clubs.
The Blue Cash Everyday® Card from American Express card offers 0% intro APR for 12 months with flexibility to pay over time. After that, your APR will be a variable rate of 12.99% – 21.99%. Excellent credit is needed to get this card but the level of your excellence will determine which variable rate your card will be set at.
As opposed to the previous Blue Cash Card from American Express, the Blue Cash Everyday Card has no spending limits or tiers that need to be reached in order to receive the aforementioned cash back. No calculations needed, just use the card on everyday purchases and start racking up the cash.
The cash can be redeemed once you’ve earned at least $25, and with their current referral program you get just that, a $25 Referral Bonus for each friend or family member who is approved for the Card. If all the rewards and cash back weren’t enough, the Blue Cash Everyday® Card from American Express does not charge an annual fee, which is rare for an American Express card.
- $100 cash back after spending $1,000 within the first 3 months
- Up to 3% cash back on everyday purchases
- $25 Referral Bonus for each friend or family member who is approved for the Card
- No annual fee
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