There is no American Express Blue Cash Everyday $250 bonus, but you might see something similar. New cardholders can get a $150 Blue Cash Everyday bonus by spending $1,000 within three months of opening an account. Later on down the road, you may receive an offer to upgrade from Blue Cash Everyday to the Blue Cash Preferred card and get a $250 bonus in the process. You’d just need to spend $2,000 in the first three months with Blue Cash Preferred to qualify.
The $250 bonus is a targeted offer, meaning it’s only sent to specific customers. These offers can only be used by the recipient. Current Blue Cash Everyday cardholders have reported receiving the upgrade offer in an e-mail or when logging in to their account. American Express bonuses are subject to change over time, though.
Here’s how the American Express Blue Cash Everyday $250 bonus works:
- Blue Cash Everyday cardholders have reported receiving one of two upgrade offers. Some people have gotten $250 for spending $2,000 within three months of upgrading to Blue Cash Preferred. Others have been offered $150 with the same spending requirements but no annual fee for the first year (usually $95).
- To upgrade to the Blue Cash Preferred card, reply to the upgrade offer and give your name, address, annual income and source of income. You can also call customer service at 1 (800) 528-4800. Amex will do a soft inquiry on your credit, which will not hurt your credit score. Your new card will have the same account number and credit limit.
- Blue Cash Preferred’s standard bonus is currently $200 for spending $1,000 in the first three months. But if you upgrade from Blue Cash Everyday, your upgrade bonus will replace the sign-up bonus.
If you’re a Blue Cash Everyday cardholder and you think you can meet the spending requirement for the upgrade bonus, log into your Amex account and click “View All Personal Charge & Credit Cards.” If your card is eligible for an upgrade, you should see an offer listed on that page.
But if you don’t yet have Blue Cash Everyday, you can still get its standard initial bonus of $150 for spending $1,000 in the first 3 months. Or you can apply for Blue Cash Preferred to get its regular bonus of $200 for spending $1,000 in the first 3 months.