The Blue Cash Everyday® Card from American Express interest rate is 17.74% - 28.74% (V), with the actual rate depending on factors such as your income, credit history and existing debt. The Amex Blue Cash Everyday card also offers new cardholders an introductory interest rate of 0% for 15 months on purchases and balance transfers. After the card’s intro rate expires, the regular interest rate applies to any remaining balance. There is also a balance transfer fee of 3% (min $5). The regular Amex Blue Cash Everyday card interest rate is variable, meaning it can change based on certain economic conditions.
The Amex Blue Cash Everyday gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Amex Blue Cash Everyday card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.
In addition to the regular interest rate, Amex Blue Cash Everyday also charges a separate 28.99% (V) interest rate on cash advances and a penalty rate for late payments. All Amex Blue Cash Everyday card interest rates will be listed on your statement and on your online account summary.
The Amex Blue Cash Everyday credit score requirement is 700, at a minimum. That means applicants for the Amex Blue Cash Everyday need good credit or better to be approved.
But your credit score is only one of the factors considered when you apply. American Express will also consider your income, existing debts, number of recently opened accounts and other things. Make sure you are aware of what American Express looks for before applying.… read full answer
Amex Blue Cash Everyday Credit Score Info:
The Amex Blue Cash Everyday credit score requirement is 700, at a minimum. That means you’ll need at least good credit for approval.
Other requirements for the Amex Blue Cash Everyday card include a steady income and a Social Security Number, ITIN or passport (Amex can access your credit reports from select countries so you don’t necessarily need a credit history in the U.S.). American Express will also look at your expenses, existing debt, credit history and recent credit inquiries.
You can get an Amex Blue Cash Everyday credit limit increase by making a request either online or over the phone at (800) 528-4800. Amex may also automatically increase your credit limit every 6 to 12 months if your account is in good standing. But that’s not guaranteed, so if you want an increase, it’s probably better to ask.… read full answer
It is also worth noting that Amex Blue Cash Everyday cardholders become eligible for a credit line increase 60 days after opening an account. However, it’s best to wait and request an increase only after there are at least 6 months of consecutive on-time payments on the account.
Here’s how to get an Amex Blue Cash Everyday credit limit increase online:
Type in your requested credit limit and annual income.
Submit your request.
To request an Amex Blue Cash Everyday credit limit increase by phone, call (800) 528-4800 and follow the prompts to get connected to a customer service representative. You will need to provide the same information as for online requests.
It is also worth mentioning that American Express might carry out a hard or a soft credit inquiry when you request a credit limit increase, depending on the specifics of your case. Plus, if your limit increase request is accepted, you will need to wait 6 months to request another one. You’ll also need to wait 90 days after a denial before making a new request.
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