The American Express Blue Cash cards work like normal credit cards, allowing users to borrow money for purchases, carry a balance, and pay off that balance later. The Blue Cash Everyday® Card from American Express and the Blue Cash Preferred® Card from American Express are regular credit cards that don’t need to be paid in full each month, unlike Amex charge cards. Paying in full will help you maximize your savings from rewards, however.
The Blue Cash Everyday card from American Express gives 3% cash back at U.S. supermarkets (up to $6,000 spent per year), 2% back at U.S. gas stations and select U.S. department stores, and 1% back on all other purchases, earned as statement credits. Blue Cash Everyday also has an introductory APR of 0% for 15 months on purchases. If you’re planning any big upcoming purchases that you want to pay off over a period of time, making the purchase on a Blue Cash Everyday card could save you a lot in interest charges. Make sure you pay your balance before the regular APR kicks in, as it has the possibility to be quite high – at 13.99% - 23.99% (V), based on creditworthiness.
The other card, called Blue Cash Preferred, gives cardholders 6% cash back at U.S. supermarkets (up to $6,000 spent per year), 6% back on select U.S. streaming subscriptions, 3% back at U.S. gas stations and on transit, and 1% back on all other purchases, earned as statement credits. These rewards rates are very high, but note that the Blue Cash Preferred card comes with an annual fee of $95 ($0 intro for the first year).
Keep in mind that you could lose money while using the Blue Cash cards as well, especially if you pay late or don’t pay your balance in full each month once any intro APR period expires. To avoid unnecessary interest charges and fees, keep your account in good standing and pay off your balance before interest begins accruing.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.