Massive Cash Back – Blue Cash Everyday® and Preferred® by American Express

If you’re a fan of cash back credit cards then you need to pay attention to this post because I have two cards that rack up the dough quickly!

The Blue Cash Everyday® and Blue Cash Preferred® credit cards give you high percentage cash back at US stand alone supermarkets, US stand alone gas stations and select major department stores. Of course, they also give a standard 1% cash back on all other purchases.

Benefits – Blue Cash Preferred® Credit Card by American Express

Blue Cash Preferred Gas Credit CardThe Blue Cash Preferred® Credit Card gives a huge 6% cash back at US stand alone supermarkets. You also get 3% cash back at US stand alone gas stations and select major department stores (listed below). You’ll get the basic 1% cash back on all other purchases.

Bealls, Belk® , Bloomingdale’s, Bon Ton Stores Inc., Boscov’s Department Store, Century 21® Department Stores, Dillard’s Department Stores, J.C. Penney Company, Inc., Kohl’s® , Lord & Taylor, Macy’s, Neiman Marcus, Nordstrom, Saks Fifth Avenue, Sears® Merchandise Group, and Stein Mart®
That’s not all either! When you sign up you’ll also be eligible for 150 Reward Dollars after making $1,000 in purchases within the first 3 months of card membership.

They are redeemable for a $150 statement credit. This bonus offer isn’t available if you’ve had this card in the last 12 months or any Blue Cash Card account in the last 90 days.

You’ll also have a 0% intro APR on purchases for 12 months!

Other benefits include Purchase Protection, Return Protections and Extended Warranty which you can read more about in the fine print  if you apply.

The one downer about this card is that it has a $75 annual fee. Normally this would eliminate this card from consideration for me but in this case I think the annual fee can be more than worth it as you’ll see in my comparison down below.

Benefits – Blue Cash Everyday® Credit Card by American Express

blue cash everyday gas credit cardThe Blue Cash Everyday® Credit Card by American Express is very similar to the Blue Cash Preferred® Credit Card by American Express.

Instead of 6% cash back at US stand alone supermarkets you’ll receive 3% cash back. Instead of 3% cash back at US stand alone gas stations and select major department stores (same as above) you’ll receive 2% cash back. You will receive the same 1% cash back on all other purchases just like on the Blue Cash Preferred® card.

Why the difference in cash back percentages? There is no annual fee on this card. If you hate annual fees and absolutely will not pay them this would be my choice. However, make sure you check out the comparison down below before you make up your mind. You may be surprised.

The cash back percentages aren’t the only benefit about the Blue Cash Everyday® credit card either. When you sign up you’ll also be eligible for 100 Reward Dollars after making $1,000 in purchases within the first 3 months of card membership.

They are redeemable for a $100 statement credit. Just like the Blue Cash Preferred® credit card, this bonus offer isn’t available if you’ve had this card in the last 12 months or any Blue Cash Card account in the last 90 days.

You’ll also have a 0% intro APR on purchases for 12 months!

Other benefits include Purchase Protection, Return Protections and Extended Warranty which you can read more about in the fine print  if you apply.

Which Card Should You Get?

These cards offer crazy cash back percentages but it might be difficult to decide which one you should get. The annual fee does seem scary but from the calculations I’ve done the annual fee almost always pays for itself if you shop at stand-alone supermarkets.

Below are a couple examples I have put together to illustrate this point.

If you want to plug your numbers into this calculator email me and I’ll send you the excel spreadsheet.

Some Things to Be Aware Of…

I have read the fine print on this offer, just as I always do with any offer. You should do the same if you’re going to apply so you can ensure you fully understand the program. Here are some highlights that you should be aware of…

  • The sign up bonus will be credited to your account in the form of Reward Dollars 6-8 weeks after the spend threshold is met. To receive the bonus your account must be active, in good standing and not in default.
  • All cash back is in the form of Reward Dollars which can be redeemed for statement credits, or, at the discretion of American Express, additional items like merchandise and gift cards, whenever your available Reward Dollar balance is 25 or more.
  • The stand-alone supermarket cash back is capped at $6,000 per calendar year. All purchases above $6,000 in a calendar year will receive 1% cash back.
  • Stand-alone supermarkets do NOT include superstores and warehouse clubs so my guess is places like Wal-Mart and Sam’s Club aren’t going to count.
  • Eligible purchases do NOT include purchases of travelers checks, purchases or reloading of prepaid cards or purchases of other cash equivalents. I don’t know how they know but I wouldn’t count on getting cash back on these items.

The Dangers of Credit Cards

Credit cards can be great tools and make you a ton of money, if, and only if you play the game correctly. I ALWAYS pay my credit card off in full every month and you should too. If you can’t do this I would suggest against getting credit cards.

If you have a problem with debt and/or credit cards I would suggest you not sign up for new cards. The cash back benefits do not outweigh the interest charges you will pay.

Credit card interest rates are normally higher than most other loans and the interest can add up fast. Don’t say I didn’t warn you…

Do you use either of these credit cards? If so, I’d love to hear your experience below. Leave a comment!

This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser’s affiliate programs.

Like What You See?

Join the other readers who have signed up for our email newsletter! No spam, just periodic updates to help improve your finances!

About Lance Cothern

Lance Cothern, a Certified Public Accountant (CPA) licensed in the Commonwealth of Virginia, is the founder of Money Manifesto. You can read more about him here or connect with him on Facebook, Twitter, Google+ or Pinterest.

Comments

  1. We got the Everyday version earlier this year – and people should look around because there are often better sign-up awards than what you quoted. We received two offers in the mail, one for $250 bonus on the first $1000, and the other for $150. You can guess which code we used to sign up.

    • Interesting. Sometimes direct offers do have better sign up bonuses but normally the credit card company has to target you directly. I had something similar happen with a Chase credit card too and I definitely took advantage of the mailer bonus.

  2. We got one that’s very similar a month or two ago, but it offers crazy travel rewards that can be used pretty much anywhere. Being as we love to travel and are always looking for ways to save on it, it was a no brainer for us.

  3. The old version of the Blue Cash Preffered was much better (since there was no cap) and people who got in under that version still have a year to enjoy it.

    Outside of sign up bonuses I would say the Cash+ Visa from US Bank is probably the best earning cash back card at the moment. You select one 2% category (gas, grocery or pharmacy) and two 5% categories every quarter (restaurants, fast food, bill pay, etc) and 1% on everything else. If you cash out in $100 increments you get an extra $25 so if you concentrated your spend on 5% categories you are effectively earning 6.25%.

    I don’t have that card yet, but it is awfully tempting since based on my last couple statements I would make around $700 a year in cash back (not including the $25 bonus which would add another $175).

    • I do agree that the old version was better but this version still offers some great benefits.

      I had never heard of that US bank card but it does sound awesome. I will have to look into it as well.

  4. I don’t use these cards, but I use the American Express Costco card. The rebates have some similarities, but no fee. The rebates are enough to pay for the annual Costco fee and more.

  5. I am more of a fan of miles and points cards. I travel free all the time. I just had a Thanksgiving trip to California paid 100% by credit card rewards.

  6. 6% is outstanding, especially at a place that people shop all the time and drop a good amount of money on (the supermarket). And the minimum spend requirement for bonus cash isn’t bad at all. Looks like a winner all around to me.

  7. GREAT write-up and comparison, Lance! I wonder what “standalone” means…do you have any thoughts?

    The $75 fee isn’t really that bad considering the ridiculous rewards percentages. I’ve been accumulating a lot of rewards lately with my other cards and I’m looking to add another card to the arsenal in the near future. Thanks for giving me something to consider!

    • Great question Jason. My guess is that it is a store by itself not linked to something else. I don’t think a Walmart or.Costco gas station would count as the merchant code it sends to American Express might be different. To be certain you would have to ask AmEx though.

  8. Nice. I might have to try this one in the next few months. I haven’t had an American Express before.

  9. I’m in Canada so haven’t used either. The rewards sound pretty amazing though ! My no-rate card gets me .5% cash back.

  10. Nice spreadsheet comparing the two cards. I love your warnings at the bottom, too. People should heed those before going to grab a shiny new card…..

  11. We have lots of offers of different credit cards, some cash back, some with balance or money transfer facilities. Amex is not that common in the UK though….

  12. Well good things come to an end. The Everyday and the Preferred Amex now have a max/cap of $6,000 per year using Everyday or Preffered credit card at the 3% or 6% cashback rate and then its 1%. Also, Walmart or other supercenters don’t count toward these great rates; however the Bank America Rewards card does. Also, everyone may want to look at the Fidelity Amex 2% on everything cashback credit card.

    • It is a bummer they capped it but you can still get $360 a year if you max out the 6% or $180 a year if you max out the 3%. Overall I think this is still a great card, it just isn’t a card you can manipulate as much anymore.

  13. I have trouble signing up for annual fee cards like this with high % cash back b/c the sign up bonuses are so bad. The last 4 cards I’ve signed up for have given me a min. of $400 CB or $500 in gift cards.

    I do like the every day card though because 3/2/1 is the best I’ve seen for a no fee card(comparable to b of a visa).

Share Your Thoughts

*