Money Analysed

Amex Blue Cash: Which Card Is Best for Your Wallet?

Amex Blue Cash Preferred and Blue Cash Everyday: A Comparison of Benefits, Features, and Differences

When it comes to credit cards, the Amex Blue Cash Preferred and Blue Cash Everyday are two of the more popular options from American Express. While they share some similarities, they do have some key differences that can make one a better fit for your spending habits and lifestyle.

In this article, we will take a closer look at the benefits, features, and differences between these two Amex cards.

Benefits and Features of Amex Blue Cash Preferred and Blue Cash Everyday

Amex Blue Cash Preferred and Blue Cash Everyday are both cashback credit cards, which means they reward you for making purchases in the form of cashback. Both cards come with welcome offers and simple rewards structures, but the amount of cashback you earn and the requirements differ between the two.

Here are some of the benefits and features of each card:

Amex Blue Cash Preferred:

– Earn 6% cashback at US supermarkets on up to $6,000 in purchases per year, then 1% cashback. – Earn 6% cashback on select US streaming subscriptions.

– Earn 3% cashback at US gas stations and on eligible transit purchases (e.g. taxis, rideshares, parking, tolls, trains, buses). – Earn 1% cashback on all other purchases.

– $250 statement credit after spending $1,000 in purchases within the first 3 months. – $95 annual fee.

– Exclusive access to Amex Offers, which provide discounts and additional cashback opportunities at select retailers. – Purchase protection and car rental coverage.

Amex Blue Cash Everyday:

– Earn 3% cashback at US supermarkets on up to $6,000 in purchases per year, then 1% cashback. – Earn 2% cashback at US gas stations and select US department stores.

– Earn 1% cashback on all other purchases. – $150 statement credit after spending $1,000 in purchases within the first 3 months.

– No annual fee. – Exclusive access to Amex Offers.

– Purchase protection.

Similarities between Amex Blue Cash Preferred and Blue Cash Everyday

Despite the differences in rewards and fees, Amex Blue Cash Preferred and Blue Cash Everyday do share some similarities. Here are some of the key ones:

1.

Everyday earning: Both cards offer cashback on everyday purchases like groceries and gas. While the percentages differ, this is a feature that can benefit anyone who shops for groceries or commutes using a car.

2. Welcome offers: Both cards offer statement credits after meeting the spending requirements.

This is a nice perk that can help offset some of the cost or start earning rewards right away. 3.

Simple rewards structure: The rewards structure for both cards is easy to understand and doesnt require any additional effort on the cardholder’s end to earn cashback. 4.

Amex Offers: Both cards give cardholders access to Amex Offers, which can potentially increase the amount of cashback earned when shopping at select retailers. 5.

Purchase protection: Both cards come with purchase protection, which can provide peace of mind when making purchases. This coverage can reimburse the cardholder if something happens to their purchased item within a certain timeframe.

6. Car rental coverage: Both cards offer car rental coverage, which can save cardholders the extra cost of purchasing coverage from the rental car company.

4 Important Differences between Amex Blue Cash Preferred and Blue Cash Everyday

While there are similarities between these two Amex cards, there are also some important differences that cardholders should consider before choosing one over the other. Here are four of the most significant differences:

1.

Annual fee: The Amex Blue Cash Preferred comes with a $95 annual fee, while the Amex Blue Cash Everyday has no annual fee. If you want more cashback potential, the Preferred card may be worth the annual fee, but if youre looking for a no-frills option, the Everyday card may be a better choice.

2. Earning potential: Another significant difference is the earning potential.

While both cards provide rewards for everyday purchases, the Preferred card offers higher cashback percentages on specific categories. This can make a big difference if you spend a lot on groceries or streaming subscriptions.

3. Protection benefits: The Amex Blue Cash Preferred provides additional protection benefits like return protection and extended warranty protection.

This can be helpful if you frequently make high-value purchases or are concerned about potential repairs or returns. 4.

Intro APR periods: The Blue Cash Everyday has an introductory 0% APR period on purchases and balance transfers for the first 15 months, while the Blue Cash Preferred does not have an intro APR period. If you plan on financing a large purchase or transferring a balance from another credit card, the Everyday card could save you a significant amount of money in interest charges.

Conclusion

When it comes to choosing between the Amex Blue Cash Preferred and Blue Cash Everyday, there are both similarities and key differences to consider. Understanding the benefits and features of each card can help you make a more informed decision and pick the card that best meets your spending needs and financial goals.

Whether you’re looking for a card that offers higher cashback potential or one with no annual fee, Amex has a card for everyone. Which Card Should You Choose: Amex Blue Cash Preferred or Blue Cash Everyday?

When deciding which credit card to choose, there are a number of factors to consider. Determining which card provides the best value for your spending habits and lifestyle can make a significant difference in the rewards and benefits you receive.

Here are some of the factors to consider when choosing between Amex Blue Cash Preferred and Blue Cash Everyday.

Factors to Consider

1. Value: The first factor to consider is the value of the rewards and benefits.

Both cards offer cashback rewards, but the percentage of cashback and the requirements to earn rewards are different. If you are a bigger spender on gas and groceries, the Blue Cash Preferred may be worth the annual fee since it offers higher cashback percentages.

However, if you dont spend as much in those categories, the Blue Cash Everyday may be a better fit due to its lower annual fee. 2.

Spending: Another important factor is your spending habits. Consider which categories of spending you spend most on and compare that to the rewards offered by each card.

For example, if you frequently use streaming subscriptions, the Blue Cash Preferred offers a high cashback percentage for that category. 3.

Rewards: Take a look at the rewards you would earn with each card, including any welcome offers and cashback percentages. Determine which card provides the best rewards for your spending habits and make sure to calculate the value of the rewards you would earn throughout the year.

4. Benefits: Think about the additional benefits each card provides, such as purchase protection or car rental coverage.

Consider if these benefits are important to you and if the value of the benefits justifies the annual fee.

Comparison of Earning Potential

One of the main differences between Amex Blue Cash Preferred and Blue Cash Everyday is the earning potential of each card. Here is a comparison of earning potential for both cards:

Amex Blue Cash Preferred:

– 6% cashback at US supermarkets on up to $6,000 in purchases per year, then 1% cashback.

– 6% cashback on select US streaming subscriptions. – 3% cashback at US gas stations and on eligible transit purchases (e.g. taxis, rideshares, parking, tolls, trains, buses).

– 1% cashback on all other purchases. Amex Blue Cash Everyday:

– 3% cashback at US supermarkets on up to $6,000 in purchases per year, then 1% cashback.

– 2% cashback at US gas stations and select US department stores. – 1% cashback on all other purchases.

As you can see, the Blue Cash Preferred offers higher cashback percentages, especially for US supermarkets and select US streaming subscriptions. However, the Blue Cash Everyday still offers good cashback percentages for gas and department stores.

FAQs

Here are some common questions and answers about Amex Blue Cash Preferred and Blue Cash Everyday:

Q: Can I use my Blue Cash card at Walmart? A: Yes, both Amex Blue Cash Preferred and Blue Cash Everyday can be used at Walmart and other retailers that accept American Express.

Q: Can I upgrade from Blue Cash Everyday to Blue Cash Preferred? A: Yes, you can upgrade your card online or by calling customer service.

However, you may not be eligible for the welcome offer if you upgrade. Q: What benefits come with Blue Cash Preferred?

A: Blue Cash Preferred offers benefits like purchase protection, car rental coverage, and exclusive access to Amex Offers. Additionally, it provides 6% cashback on select US streaming subscriptions, a benefit not offered by Blue Cash Everyday.

Q: What kind of rewards can I earn with Blue Cash Everyday? A: Blue Cash Everyday offers cashback rewards for spending at US supermarkets, gas stations, and select US department stores.

You can also earn cashback on all other purchases. Additionally, it provides a welcome offer that includes a statement credit after meeting the spending requirements.

Conclusion

Choosing between Amex Blue Cash Preferred and Blue Cash Everyday requires careful consideration of your spending habits, rewards and benefits, and the value of the cards fees and rewards. When making your decision, consider the specific rewards and benefits each card offers, your spending habits, and your overall financial situation.

With the right information, you can choose the card that offers the most value for your individual situation. In conclusion, choosing between Amex Blue Cash Preferred and Blue Cash Everyday requires careful consideration of various factors, including your spending habits, rewards and benefits, and the value of the card’s fees and rewards.

While both cards offer cashback rewards, they differ in terms of earning potential, annual fees, and additional benefits. The Blue Cash Preferred offers higher cashback percentages for specific categories like US supermarkets and streaming subscriptions, but comes with a $95 annual fee, while the Blue Cash Everyday has no annual fee but offers lower cashback percentages.

Ultimately, the best choice for you will depend on your individual spending habits and needs. By understanding the benefits and limitations of each card, you can make an informed decision that maximizes your cashback potential.

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