Blue Cash Everyday® Card from American Express is, in my opinion, one of the top cash back credit cards to get in the US if you have excellent credit. American Express Blue Cash Everyday® Card has two versions – the Everyday® version (no annual fee) and the Preferred version ($75 annual fee). Blue Cash Everyday® Card from American Express is the card for you if you like to get cash rebates and enjoy the premium benefits of an American Express card without forking out any annual fee. What I find most attractive about this card is its straightforward cash rewards program – there’s no minimum spending required, no enrollment needed and there are no rotating categories (unlike most other cash back cards).
Here I will review American Express Blue Cash Everyday® Card with no annual fee, so that you’ll have a better idea of what this card offers, and I’ll also tell you what you should watch out for. Note that this card is only for US residents with good to excellent credit score.
Things We Like About This Card
No annual fee. Customer service at American Express is well-known for being the best in the credit card industry, so you get their great customer service and many other great benefits without having to pay anything.
Receive 50 Reward Dollars within the first 3 months when you spend $1,000 on purchases. This is a new promotion which lets you earn a bonus of 50 Reward Dollars when you spend $1,000 on purchases with your card in the first 3 months. This offer is only for new sign-ups!
0% APR introductory rate on purchases and balance transfers for 15 months. After the introductory period, the variable APR is between 12.99% and 21.99%, depending on your credit score, with flexibility to pay over time. If you pay off your balance in full each month, you won’t have to worry about the relatively high APR.
Get up to 3% cash back on purchases. You earn 3% cash back on purchases in U.S. stand-alone supermarkets (on the first $6,000 you spend, 1% thereafter), 2% cash back at U.S. stand-alone gas stations and select major department stores, and 1% cash back on all other eligible purchases. There is no minimum spending required for these cash rebates, and you don’t even need to enroll.
Redeem your Reward Dollars for statement credit. You can start redeeming when you have earned at least $25 Reward Dollars. I like that you can redeem your cash back anytime, whenever you accumulate $25 or more. It seems that you may redeem your Reward Dollars in the form of gift cards or merchandise. Here’s the fine print: “We may at our option offer you other ways to redeem your reward dollars, such as for gift cards or merchandise.” Note that cash back is earned only on eligible purchases.
Earn cash back faster by adding family or friends to your account. If you get a secondary card for your spouse or child on your account (which is at no extra charge), you’ll earn even more cash back.
No limit on the cash rewards you can earn. No limit means that you get even more cash back when you spend on big-ticket items. Over the course of a year, all your everyday purchases add up and you can get hundreds of dollars in cash back.
Enjoy free Amazon Prime for one year which gives you unlimited free two-day shipping of purchases you make on Amazon.com. You will enjoy this perk when signing up for a new membership and when you spend $1,000 within the first 3 months.
Purchase Protection Plan. This plan may protect you against any accidental damage or the theft of eligible purchases. American Express may refund, in the case of the store not doing so, up to $1,000 per occurrence, up to $50,000 per card account per policy year.
Free extended warranty. American Express may extend the original U.S. warranty of the items you purchase that have 5 years or less of warranty by up to one year.
Return Protection. Got a change of mind with your purchase, and can’t return it because you’ve lost the receipt or the store is giving you a hard time? No worries! If you try to return an eligible item purchased in the U.S. within 90 days from the date of purchase and the store won’t take it back, the purchase price may be refunded by American Express, up to $300 per item, excluding shipping and handling, up to $1,000 annually per card account.
Flexibility to pay your balances over a period of time. Blue Cash Everyday® Card from American Express is a credit card, not a charge card, which means that you’ll be able to pay your balances over a period of time although doing that would incur interest charges.
No over-limit fee. American Express eliminated all over-limit fees effective October 1, 2009. This is especially useful for those of you who normally spend more than the limit the credit card has. As long as you pay your bills on time, there will be no other fee to accompany this over-limit spending.
$100,000 in travel accident insurance. Provides up to $100,000 in accidental death and dismemberment insurance. In addition to this travel insurance, Blue Cash Everyday® Card from American Express card also provides up to $2,000 when traveling by plane if any of your baggage gets lost or stolen, or in the case of there being a delay of more than 3 hours, you will receive up to $500 for items that might need replacing during that time.
Our Least Favorite Things About This Card
You forfeit your rebate for the entire rebate year if the minimum payment due is not paid for 3 or more billing periods in a row. This is standard for most credit cards.
Our Verdict: 4.89
Blue Cash Everyday® Card from American Express (no annual fee) is one of the best cash back credit cards to get as you’ll earn 3% cash rebate on the first $6,000 spent on groceries (at U.S. stand-alone supermarkets); 1% after that, 2% on gas (at U.S. stand-alone gas stations) and select major department store purchases and 1% on all other eligible everyday purchases. What I really like about this card is that unlike other cash back cards, you don’t need to spend any minimum amount in order to qualify for the cash back amounts, and you don’t even need to enroll for the cash back! So if you have good to excellent credit score, and pay your balance in full and on time each month, you will be able to maximize the full benefits of having this cash back card. This card provides many travel benefits, purchase protection, return protection, free extended warranty and many other premium services.
Blue Cash Everyday® Card from American Express is one of the best cards for you if you want to earn up to 3% cash back without any minimum spending, and also want to enjoy the exclusive cardholder benefits of an American Express card. It even won a place in DailyMarkets.com’s Best Credit Cards 2014 list. Considering all the great benefits of this card, we highly recommend Blue Cash Everyday® Card from American Express. With their Express Approval system, you can get a decision for your online application in 60 seconds.
Click here to go to the official American Express website to apply online for Blue Cash Everyday® Card now.