dailystarx

News and Magazine

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

Blue Cash Preferred® Card from American Express


Intro offer

$250 statement credit after you spend $3,000 in purchases on your new card within the first 6 months from account opening


Rewards

Earn 6% cash back on purchases at U.S. supermarkets (up to $6,000 per year, then 1%). Earn 6% cash back on select U.S. streaming subscriptions. Earn 3% cash back on transit (including taxis, rideshare, parking, tolls, trains, buses, and more). Earn 3% cash back on gas at U.S. gas stations. Earn 1% cash back on all other purchases.


$0 intro for the first year, then $95

Annual Fee

American Express Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express


Intro offer

$250 statement credit after you spend $3,000 in purchases on your new card within the first 6 months from account opening


Rewards

Earn 6% cash back on purchases at U.S. supermarkets (up to $6,000 per year, then 1%). Earn 6% cash back on select U.S. streaming subscriptions. Earn 3% cash back on transit (including taxis, rideshare, parking, tolls, trains, buses, and more). Earn 3% cash back on gas at U.S. gas stations. Earn 1% cash back on all other purchases.


$0 intro for the first year, then $95

Annual Fee


$0 intro for the first year, then $95

Annual Fee

On American Express’s website


Rewards

Earn 6% cash back on purchases at U.S. supermarkets (up to $6,000 per year, then 1%). Earn 6% cash back on select U.S. streaming subscriptions. Earn 3% cash back on transit (including taxis, rideshare, parking, tolls, trains, buses, and more). Earn 3% cash back on gas at U.S. gas stations. Earn 1% cash back on all other purchases.


Annual Fee

$0 intro for the first year, then $95


Intro offer

$250 statement credit after you spend $3,000 in purchases on your new card within the first 6 months from account opening


Recommended Credit

Good to Excellent


Regular APR

16.99% – 27.99% Variable


Intro APR

0% intro APR for 12 months on purchases and balance transfers from the date of account opening

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

American Express Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express


Intro offer

$200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.

American Express Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express


Intro offer

$200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.

On American Express’s website


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.


Intro offer

$200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months


Recommended Credit

Good to Excellent


Regular APR

16.99% – 27.99% Variable


Intro APR

0% intro APR on purchases and balance transfers for 15 months from account opening

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

American Express markets most of its credit cards with different color combinations. Beyond the Green, Gold, and Platinum cards, a handful of cards are marketed with the “Blue” label.

Two of American Express’s Blue cards — the Blue Cash Preferred® Card from American Express and Blue Cash Everyday® Card from American Express — are excellent options for earning cash back. Let’s look at the pros and cons of each, and help you decide which might be right for you.

Insider’s Featured Cash Back Credit Cards

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Earn unlimited 2% cash rewards on purchases.

$200 cash rewards bonus after spending $1,000 in purchases in the first 3 months from account opening

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

$200 cash back after spending $1,500 on purchases in the first 6 months of account opening

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.

$200 after spending $500 on purchases in the first three months from account opening

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Blue Cash Preferred and Blue Cash Everyday welcome bonus offers

The welcome bonus offer on the Blue Cash Preferred® Card from American Express is straightforward — you’ll earn a $250 statement credit after you spend $3,000 in purchases on your new card within the first 6 months from account opening.

The intro offer on the Blue Cash Everyday® Card from American Express is a $200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months.

The Blue Cash Preferred® Card from American Express is the clear winner here, but you’ll need to spend $1,000 more in the first six months to earn the bonus.

Card benefits and rewards

As cash-back cards, the Blue Cash Preferred® Card from American Express and Blue Cash Everyday® Card from American Express are light on extra perks compared to rewards credit cards that often come with high annual fees. However, there are some benefits to note—especially after the Blue Cash Everyday® Card from American Express added on some features in a recent update.

Aside from the annual fees (the Blue Cash Preferred® Card from American Express has an annual fee of $0 intro for the first year, then $95 while the Blue Cash Everyday® Card from American Express has no annual fee), the biggest differences between the two cards are where they earn bonus cash back and what statement credits they offer.

Earning cash back

The Blue Cash Preferred® Card from American Express earns 6% back on groceries, for the first $6,000 spent at U.S. supermarkets each calendar year (then 1%), 6% cash back on select U.S. streaming services for the first $6,000 spent at U.S. supermarkets each calendar year (then 1%), and 3% cash back on transit and 3% back on gas at U.S. gas stations with no cap. You’ll earn 1% cash back on all other purchases.

If your family spends at least $6,000 on groceries at U.S. supermarkets each year (which works out to $500 per month), the 6% cash back will more than offset the $95 annual fee. You’ll get $360 in cash back, compared to $180 if you spend the $6,000 on the Blue Cash Everyday® Card from American Express. Since the 6% cash back is capped at $6,000 per year (then 1%), if you spend more than that, you’ll want to switch your spending to a different card, such as the Chase Freedom Unlimited® or Citi® Double Cash Card.

With the Blue Cash Everyday® Card from American Express, you’ll also earn bonus cash back at U.S. supermarkets and U.S. gas stations, but the rates are lower and there is a cap for bonus cash back on gas. You’ll earn 3% back on the first $6,000 spent at U.S. supermarkets each calendar year (then 1%) and 3% back on gas at U.S. gas stations (on the first $6,000 spent at U.S. supermarkets each calendar year, then 1%).

The Blue Cash Everyday® Card from American Express also offers 3% back on the first $6,000 spent on U.S. online retail purchases (then 1% back), and 1% cash back on all other spending. Rewards-wise, the best pick for you comes down to where you spend the most money, and whether it’s worth it to you to pay an annual fee to earn 3% more cash back at U.S. supermarkets and U.S. gas stations with the Blue Cash Preferred® Card from American Express. If you spend a lot on transit and gas, the ability to earn an uncapped 3% back on these purchases with the Blue Cash Preferred® Card from American Express could be worth it. 

Card benefits

The Blue Cash Everyday® Card from American Express and the Blue Cash Preferred® Card from American Express both offer statement credits for select purchases.

On the Blue Cash Preferred® Card from American Express, you can get up to $120 back each year (up to $10 each month) on an Equinox+ membership when you enroll your card and make the purchase with your card. Equinox+ is a digital workout subscription that gets you access to classes for yoga, running, SoulCycle, and more. It costs $40 per month, so the statement credit would reduce your out-of-pocket cost to $30.

You can also get up to $7 back as a statement credit each month (up to $84 back each year) when you enroll your card and use it to pay for the Disney Bundle for streaming (which includes Hulu, Disney+, and ESPN+).

The Blue Cash Everyday® Card from American Express also offers two statement credits to cardholders, including the same Disney Bundle credit as the Blue Cash Preferred® Card from American Express. You can also get up to $15 in monthly statement credits when you enroll your card and use it to pay for a Home Chef meal kit subscription. 

Depending on whether you value these services, the statement credits on these two cards could help sway your decision — or it could have no impact at all, if you don’t use any of them. If you do plan to take advantage, remember to enroll your card via the Amex website so you don’t miss out on the statement credits.

The two cards also share minor benefits such as car rental loss and damage insurance, fraud protection, access to Amex’s Global Assist Hotline, and exclusive access to ticket presales and Amex cardmember-only events.

Which Amex Blue Cash card is right for you?

When comparing the Blue Cash Preferred® Card from American Express and the Blue Cash Everyday® Card from American Express, you’ll want to look at your own specific spending patterns.

If you’re already tracking your monthly spending, this will be as easy as reviewing your spreadsheet or tracking tool. If you don’t have exact numbers, make your best estimates for your monthly spending in grocery, gas, transit, online retail purchases, and streaming services. Since the Blue Cash Preferred® Card from American Express has a $0 intro for the first year, then $95 annual fee, subtract that out and add the welcome bonus offer.

If you spend at least $500 per month on groceries and plan to use one of these two cards for your U.S. supermarket spending, the Blue Cash Preferred® Card from American Express is the way to go. The extra cash back you’ll earn will more than make up for the annual fee, and the other bonus categories (streaming services, gas stations, and transit) will provide even more cash back.

The Blue Cash Everyday® Card from American Express could be a better option if you won’t spend the full $6,000 at U.S. supermarkets. You’ll need to spend at least $3,167 at US supermarkets in order for the higher cash-back rate at U.S. supermarkets to offset the Blue Cash Preferred® Card from American Express annual fee. And the Blue Cash Everyday® Card from American Express stands out for offering 3% back on up to $6,000 spent on U.S. online retail purchases each year (then 1%), so if that’s a big spending category for you, that could factor into your decision as well.

You’ll also want to consider that there are many other cash-back cards out there, so it’s possible that the best card for you may be a different card entirely. 

Amex Blue Cash Preferred vs Blue Cash Everyday: The biggest differences

*Cash back is received in the form of Reward Dollars that can be redeemed as statement credits.



Source link

Leave a Reply

Your email address will not be published.