The American Express Blue Cash Everyday from American Express offers some nice features, including its cash back benefit. The question is, though, is this the ideal care for just about everyone and everyday use, as the company promises. This rewards credit card has some nice beginner features, including a $50 credit once you make purchases up to $1000. If you current use Amazon.com for your shopping, you’ll also appreciate the perks this card offers in this area. Before investing, though, it’s important to learn all of the facts about this credit card offer.
Amazon Prime Benefits
One of the nice benefits of the American Express Blue Cash Everyday card is the Amazon.com benefit. Once credit card holder’s sign up for the card, they receive a full year of Amazon Prime for free. This feature allows people to buy on Amazon.com and get key benefits, including two day shipping on many of the items available on the site. It also provides instant, streaming access to thousands of movies and television shows you can play on any Internet-connected device. If you own a Kindle, you’ll also be able to take advantage of the free Kindle books available only to Prime members. If you shop Amazon at all, this nearly $80 perk is well-worth the investment, and it’s free with the investment in this credit card.
Is the American Express Blue Cash Everyday from American Express a Good Cash Back Card?
There are plenty of cash back credit cards on the market today. Some of them are ideal because they offer nice chunks of cash back with nearly every statement for those who use a great deal of credit card purchases. Other programs are incredibly limiting. As far as the American Express Blue Cash Everyday card, the benefits are someplace in between.
The cash back program offers 3 percent cash back on purchases made in US supermarkets. You can only redeem up to $6000 worth of cash back points in this manner – however, most people don’t spend nearly that much in a grocery store each year, so this is an ample limit for most people. In addition, you’ll earn 2 percent cash back at US gas stations and select US department stores. This is limiting, but it is not limited to just one particular store or gas station, which makes this card still a good option overall. You can also earn up to 1 percent cash back on all other purchases. Overall, these limits are the “norm” when it comes to credit card offers. This card doesn’t stand out as an over-the-top offer, but it does offer plenty of perks to keep the average cash back user in line.
When you earn cash back, you’ll receive Reward Dollars. These are statement credits applied or redeemed against your statement as a credit. You do have other options as well, including buying gift cards or merchandise with them. However, the cash back applied directly to your balance is often the best option because it provides you with savings not only on the statement value, but on the compounding interest you will not have to pay to carry that balance. Redemption of awards begins with as little as 25 Reward Dollars.
What About the Costs?
As an American Express credit card, you may be worried about the initial costs associated with the credit card (since this credit card lender tends to have higher APR than other comparable MasterCard and Visas.) Here’s the breakdown on costs associated with the American Express Blue Cash Everyday from American Express.
An introductory APR of zero percent is available on purchases and balance transfers for the first 15 months. This is highly recommended for anyone who wishes to consolidate other high interest credit card debt into a lower, no-interest payment. However, to make it worthwhile, you’ll need to pay off that balance within that 15 months so you do not pay additional finance charges.
After the initial 15 months, the interest rate adjusts to between 12.99 percent and 21.99 percent. This is a beneficial rate for those who qualify. While the 21.99 percent is higher than some other cards, it is also significantly lower than many others are. Income, creditworthiness, and other factors affect how much you’ll pay.
Another key feature is the fact that you can carry a balance. Unlike other American Express credit cards, this one allows you to carry a balance month-to-month.
Who Is This Card Ideal For?
Not everyone! This Amex card is ideal for people who want to earn cash back on basic purchases, not travel-related purchases. It does have a higher qualification standard especially to get the lowest interest rate. If you spend a good deal of money on credit cards at grocery stores, this card is an ideal choice. However, to make the most out of the offer, you need to pay off that balance in full each month to avoid finance charges.
Other Key Features
This credit card also offers key features such as:
- 24-hour roadside assistance for towing, flats, and battery issues
- Car rental loss and damage insurance
- Travel accident insurance
- 24/7 Global Assist Hotline – a nice feature for those traveling and need help with medical, legal or financial needs
- Entertainment Access to get you into events, shows, and concerts before other people
- Extended warranty services
- Purchase protection giving you up to 90 days to replace the item if it is damaged or lost due to theft
- Dispute resolution services
- Return protection up to $3000 per eligible item for up to 90 days
Be sure to check all rewards you will be eligible for at the American Express website.
What’s the Bottom Line?
The American Express Blue Cash Everyday from American Express is a worthy credit card. Invest in this credit card if you want an affordable cash back credit card that you’ll earn Rewards Dollars from in grocery stores and gas stations. Pay off your balance in full each month to avoid the somewhat high APR charges, too.