When it comes to maximizing your cash back rewards, the battle between the Blue Cash Everyday and the Blue Cash Preferred is a fierce one. Both credit cards from American Express offer enticing benefits, but they cater to different spending habits and financial needs. In this comparison, we’ll delve into the key features, rewards structures, and fees associated with each card. Whether you’re a casual spender or a rewards enthusiast, understanding the differences between the Blue Cash Everyday and the Blue Cash Preferred can help you make an informed decision that best suits your lifestyle.
Feature-by-Feature Breakdown
Cash Back Rewards
- Blue Cash Everyday Card: The Blue Cash Everyday Card offers a cash back rate of 3% on purchases at U.S. supermarkets (up to $6,000 per year), 2% on U.S. gas stations and select department stores, and 1% on all other purchases. This makes it an excellent choice for everyday spending, particularly for families who frequently shop for groceries.
- Blue Cash Preferred Card: The Blue Cash Preferred Card provides a more lucrative cash back structure, offering 6% cash back at U.S. supermarkets (up to $6,000 per year), 3% at U.S. gas stations and select department stores, and 1% on all other purchases. This higher cash back rate on groceries can lead to significant savings for users who spend heavily in this category.
- Winner: Blue Cash Preferred Card
Annual Fee
- Blue Cash Everyday Card: The Blue Cash Everyday Card has no annual fee, making it an attractive option for those who want to maximize rewards without incurring additional costs. This feature is particularly appealing to occasional spenders who may not benefit from a card with an annual fee.
- Blue Cash Preferred Card: The Blue Cash Preferred Card comes with an annual fee, which may deter some potential cardholders. However, the higher cash back rates can quickly offset this fee for those who spend significantly on groceries and gas.
- Winner: Blue Cash Everyday Card
Introductory Offers
- Blue Cash Everyday Card: New cardholders can enjoy a welcome bonus of $200 after spending $1,000 in the first 3 months from account opening. This bonus adds immediate value for new users who can meet the spending requirement.
- Blue Cash Preferred Card: The Blue Cash Preferred Card often offers a higher introductory bonus, such as $300 after spending $3,000 in the first 3 months. This can be particularly rewarding for those who can manage the higher spending threshold.
- Winner: Blue Cash Preferred Card
Foreign Transaction Fees
- Blue Cash Everyday Card: The Blue Cash Everyday Card does not charge foreign transaction fees, making it a good choice for those who travel internationally or make purchases in foreign currencies.
- Blue Cash Preferred Card: Similarly, the Blue Cash Preferred Card also waives foreign transaction fees. This feature is beneficial for frequent travelers who want to avoid extra charges while abroad.
- Winner: Tie
Redemption Options
- Blue Cash Everyday Card: Cash back earned on the Blue Cash Everyday Card can be redeemed for statement credits, gift cards, or checks. This flexibility allows cardholders to choose how they want to utilize their rewards.
- Blue Cash Preferred Card: The Blue Cash Preferred Card offers similar redemption options for cash back, including statement credits and gift cards. The ability to redeem cash back as a check is also available, providing users with multiple ways to access their rewards.
- Winner: Tie
Additional Benefits
- Blue Cash Everyday Card: This card includes access to perks such as purchase protection, extended warranty, and access to the American Express Offers program, which provides discounts and promotions from various retailers.
- Blue Cash Preferred Card: In addition to the benefits offered by the Everyday Card, the Preferred Card typically includes enhanced purchase protection and exclusive access to events and experiences through American Express, making it a more premium option.
- Winner: Blue Cash Preferred Card
Credit Score Requirement
- Blue Cash Everyday Card: The Blue Cash Everyday Card generally requires a good to excellent credit score for approval, which is standard for cash back rewards cards. This makes it accessible to a broad range of applicants.
- Blue Cash Preferred Card: The Blue Cash Preferred Card also requires a good to excellent credit score, but due to its higher rewards potential, it may attract those with slightly higher credit scores or those who have established a strong credit history.
- Winner: Tie
Customer Support
- Blue Cash Everyday Card: Cardholders of the Blue Cash Everyday Card benefit from 24/7 customer support, which includes assistance with account management and fraud protection. This level of service is a hallmark of American Express cards.
- Blue Cash Preferred Card: The Blue Cash Preferred Card also provides 24/7 customer support, ensuring that users have access to help whenever they need it. This includes support for travel-related inquiries and emergency card replacement.
- Winner: Tie
Specs at a Glance:
| Feature | Blue Cash Everyday Card from American Express | Blue Cash Preferred Card from American Express |
|---|---|---|
| Annual Fee | $0 | $95 |
| Cash Back on Supermarkets | 3% on up to $6,000 per year | 6% on up to $6,000 per year |
| Cash Back on Gas Stations | 2% | 3% |
| Cash Back on Online Retailers | 1% | 1% |
| Cash Back on Other Purchases | 1% | 1% |
| Welcome Offer | $200 statement credit after spending $1,000 in the first 3 months | $300 statement credit after spending $3,000 in the first 3 months |
| Foreign Transaction Fee | None | None |
| Introductory APR on Purchases | 0% for the first 15 months | 0% for the first 12 months |
| APR After Introductory Period | 15.24% – 23.24% variable | 15.24% – 23.24% variable |
| Additional Benefits | Purchase protection, extended warranty | Purchase protection, extended warranty, access to Amex Offers |
| Rewards Redemption | Cash back as statement credits | Cash back as statement credits |
| Card Type | Visa | Visa |
| Customer Service | 24/7 support | 24/7 support |
| Mobile App | Yes | Yes |
| Credit Score Needed | Good to Excellent | Good to Excellent |
What They Have in Common:
- Cash Back Rewards: Both cards offer cash back rewards on purchases, allowing cardholders to earn money back on everyday spending. They provide an easy way to save while shopping at popular retailers and gas stations.
- No Foreign Transaction Fees: Neither card charges foreign transaction fees, making them ideal for international travelers. This feature allows users to make purchases abroad without incurring additional costs.
- Introductory APR Offers: Both cards come with an introductory 0% APR offer on purchases for a limited time. This can help cardholders manage larger expenses without interest during the promotional period.
Who Should Buy What?
Buy Blue Cash Everyday Card from American Express If…
- You prefer no annual fee and want to keep costs low.
- You spend less than $6,000 annually on supermarkets and still want to earn cash back.
- You are looking for a straightforward rewards program without complicated tiers.
Buy Blue Cash Preferred Card from American Express If…
- You frequently shop at supermarkets and can maximize the 6% cash back on grocery purchases.
- You are willing to pay an annual fee for higher rewards on select categories.
- You spend more than $3,000 in the first three months to take advantage of the higher welcome offer.
Winner by Category:
| Category | Winner |
|---|---|
| Annual Fee | Blue Cash Everyday Card from American Express |
| Cash Back on Supermarkets | Blue Cash Preferred Card from American Express |
| Cash Back on Gas Stations | Blue Cash Preferred Card from American Express |
| Welcome Offer | Blue Cash Preferred Card from American Express |
| Foreign Transaction Fee | Both |
| Introductory APR on Purchases | Blue Cash Everyday Card from American Express |
| Rewards Redemption | Both |
| Additional Benefits | Blue Cash Preferred Card from American Express |
Blue Cash Everyday Vs Preferred Buying Guide
Understanding Your Spending Habits
Before choosing between the Blue Cash Everyday and Blue Cash Preferred, it’s essential to analyze your spending habits. Consider where you spend the most money—do you frequently shop at supermarkets, or do you dine out often? The rewards structure of each card is tailored to different spending patterns, so knowing your habits will help you make an informed decision.
For instance, if grocery shopping makes up a significant portion of your monthly expenses, the Blue Cash Preferred may offer more value. On the other hand, if you prefer a lower annual fee and your spending is more balanced across categories, the Blue Cash Everyday could be the better choice.
Annual Fees and Costs
Another crucial factor is the annual fees associated with both cards. The Blue Cash Preferred typically has a higher annual fee compared to the Blue Cash Everyday. While the Preferred card offers higher cashback rates, you must weigh these benefits against the cost of the annual fee.
If you believe your cashback earnings will significantly exceed the annual fee, then the Preferred may be worth it. Conversely, if you are looking for a more affordable option without the commitment of a higher annual fee, the Everyday card might be more suitable.
Cashback Rewards Structure
The cashback rewards structure is a major differentiator between the two cards. The Blue Cash Preferred offers a higher percentage of cashback on specific categories, such as groceries and streaming services, while the Blue Cash Everyday provides a flat rate on all purchases.
If you are a frequent spender in the bonus categories, the Preferred card can yield substantial rewards. However, if your spending is more varied, the straightforward cashback approach of the Everyday card may be more appealing. (See Also: valspar vs sherwin williams)
Introductory Offers
Consider the introductory offers associated with both cards. Both the Blue Cash Everyday and Blue Cash Preferred often come with attractive sign-up bonuses that can significantly boost your cashback earnings in the first few months. This can be a deciding factor for many consumers.
Make sure to read the terms and conditions of these offers, as they may require a minimum spending threshold to unlock the bonus. If you plan on making a large purchase soon, this could influence your choice between the two cards.
Redemption Options
Redemption options for cashback rewards can also play a role in your decision-making. The Blue Cash Preferred allows for cashback to be redeemed as statement credits, which can be convenient for reducing your balance. The Everyday card offers similar redemption options but may have different thresholds for minimum redemption amounts.
Evaluate how you prefer to use your cashback rewards. If you are more inclined to use them as statement credits to offset future purchases, you may want to consider which card offers the most flexibility in this regard.
Additional Benefits and Perks
Both cards come with a variety of additional benefits and perks that can enhance your overall experience. For example, travel insurance, purchase protection, and extended warranty coverage may be included with either card, adding value beyond just cashback rewards.
Review these additional features and determine which ones resonate with your lifestyle. If you value travel perks, for instance, the benefits of the Preferred card might be more beneficial to you. (See Also: instant pot vs air fryer)
Customer Service and Support
Customer service can greatly impact your experience with a credit card. Research the reputation of American Express in terms of customer support, as both cards are issued by this company. Good customer service can be crucial when you encounter any issues or have questions about your account.
Look into user reviews and ratings for customer service experiences. A card with excellent support can make a significant difference, especially in times of need.
Long-Term Considerations
Finally, consider the long-term implications of your card choice. Think about whether your spending habits might change over time, and whether the card you choose will still be beneficial in the future. The Blue Cash Preferred may be advantageous now, but if your spending shifts, the Everyday card might become more appealing.
Plan for the future and ensure that your card choice aligns with your financial goals, allowing you to maximize rewards over the long haul.
Frequently Asked Questions
What are the primary differences between Blue Cash Everyday and Blue Cash Preferred?
The primary differences between the Blue Cash Everyday and Blue Cash Preferred cards lie in the cashback rates, annual fees, and rewards structures. The Preferred card offers higher cashback rates in certain categories, such as groceries and streaming services, but comes with a higher annual fee. In contrast, the Everyday card has a lower annual fee and provides a flat cashback rate on all purchases. This makes the Everyday card more suitable for those who prefer to avoid annual fees or have varied spending habits.
Are there any foreign transaction fees with these cards?
Both the Blue Cash Everyday and Blue Cash Preferred cards do not charge foreign transaction fees, making them suitable options for international travelers. This feature allows cardholders to use their cards abroad without incurring additional charges on purchases made in foreign currencies. It’s important to remember, however, that the cashback rewards may vary depending on the spending category, even when used internationally. (See Also: wp engine vs kinsta)
Can I earn cashback on online purchases with these cards?
Yes, you can earn cashback on online purchases with both the Blue Cash Everyday and Blue Cash Preferred cards. The cashback structure applies to all eligible purchases, whether they are made in-store or online. However, the cashback rates may differ based on the specific categories, so be sure to check how your online spending aligns with the card’s rewards structure.
What happens to my cashback if I close my account?
If you choose to close your account, any remaining cashback balance may be forfeited. Both the Blue Cash Everyday and Blue Cash Preferred cards typically require you to redeem your cashback before closing the account. It’s wise to redeem your rewards regularly to avoid losing them, especially if you are considering switching to a different credit card.
How do I redeem my cashback rewards?
Redeeming cashback rewards is a straightforward process for both cards. Cardholders can log into their American Express account online or via the mobile app to view their cashback balance and choose how they would like to redeem it. Options typically include statement credits, gift cards, or even direct deposits into a bank account, depending on the card’s terms and conditions.
Is there a limit to how much cashback I can earn?
There are generally no limits on the total amount of cashback you can earn with either card; however, specific categories may have a cap on how much cashback you can earn within a certain time frame. For example, the Blue Cash Preferred may limit the higher cashback rates on groceries up to a certain dollar amount. After reaching this limit, purchases in that category may earn a lower rate, so it’s essential to be aware of these thresholds when using your card.
Which card is better for a family with higher grocery expenses?
For a family with higher grocery expenses, the Blue Cash Preferred may be the better choice due to its higher cashback rate on grocery purchases. This card is specifically designed to reward spending in categories like supermarkets, which could lead to significant savings over time for families who spend a lot on groceries. However, it’s essential to balance the benefits against the annual fee to ensure that the card aligns with your overall financial goals.
Final Verdict
In conclusion, both the Blue Cash Everyday and Blue Cash Preferred cards cater to different spending habits and preferences. The Blue Cash Preferred offers higher cashback rates for those who spend significantly in specific categories, while the Blue Cash Everyday is a more affordable option for those looking for a straightforward rewards structure.
