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The Verdict: The Amex EveryDay® Credit Card from American Express and Blue Cash Everyday® Card from American Express credit cards have a lot in common, starting with confusingly similar names. Both also require good credit for approval, lack an annual fee, and charge a 2.7% foreign transaction fee. Most importantly, they each offer 0% financing on new purchases for the first 15 months, in addition to providing rewards.
But there are some striking differences between these two cards. Blue Cash Everyday lets you earn cash back, offering 3% back on up to $6,000 spent at U.S. supermarkets each year, 2% back at U.S. gas stations and select U.S. department stores, and 1% back on all other purchases (provided via statement credits). Amex EveryDay’s maximum earning rate is 2 points per $1 spent, though most purchases yield 1 point per $1.
With that being said, you can learn more about their differences (and similarities) below.
SIDE BY SIDE COMPARISON
|Network||American Express||American Express|
|Credit Card Company||American Express||American Express|
|Min Credit Required||Excellent or Good||Excellent or Good|
|Intro APR Period||15 months||15 months|
|Regular APR||12.99% - 23.99% (V)||13.99% - 23.99% (V)|
|Intro APR Period||N/A||N/A|
|Reward Type||Points||Cash Back|
|Reward Bonus||10,000 points||Up to $250|
|Max Late Fee||$40||$40|
|Max Overlimit Fee||None||None|
|Max Default APR||29.99% (V)||29.99% (V)|
|Cash APR||25.24% (V)||25.24% (V)|
|Cash Advance Fee||5% (min $10)||5% (min $10)|
|One-time Setup Fees||None||None|
|Foreign Transaction Fee||2.7%||2.7%|
|Grace Period||25 days||25 days|
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AMEX EVERYDAY VS. BLUE CASH EVERYDAY: INITIAL BONUS
With Blue Cash Everyday, you’ll earn a $100 statement credit for spending $2,000 during the first 6 months. You also earn 20% back on Amazon.com purchases, up to $150 back, during the first 6 months. Amex EveryDay gives you 10,000 points (worth up to $100) for spending $1,000 in 3 months.
Category Winner: Blue Cash Everyday
AMEX EVERYDAY VS. BLUE CASH EVERYDAY: REWARDS
The battle for rewards depends on what types of purchases you plan to make and how often you’ll make them. Blue Cash Everyday gives you 3% cash back on up to $6,000 spent at U.S. supermarkets each year. You’ll also earn 2% back at U.S. gas stations and select U.S. department stores. The select department stores include J.C. Penney, Kohl’s, Macy’s, Nordstrom and Sears, just to name a handful. A full list is available online. All other purchases earn 1% back.
Amex EveryDay also offers rewards on up to $6,000 spent at U.S. supermarkets each year but provides a lower earning rate: 2 points per $1. That rate also applies to eligible purchases made on amextravel.com. Eligible purchases include airfare, prepaid hotels, vacation packages and cruise reservations. All other Amex EveryDay purchases earn you 1 point per $1. There’s another benefit for everyday spenders, though. Amex EveryDay gives you a 20% bonus on points earned in months when you make 20 or more purchases. Purchases made on the Amex travel portal are not eligible for the extra 20% in points.
Finally, it’s worth noting that American Express does not consider superstores and warehouse clubs to be supermarkets for rewards-earning purposes. That goes for both cards. But all things considered, Blue Cash Everyday wins this category, thanks to its higher earning rates.
Category Winner: Blue Cash Everyday
AMEX EVERYDAY VS. BLUE CASH EVERYDAY: ELIGIBILITY
Both cards require good credit or better for approval. That means you need a 700+ credit score for good approval odds. Checking your credit score is easy and free using WalletHub.
American Express will also consider your income and existing debt obligations. Well-qualified applicants who apply online could be approved in as little as 30 seconds.
Category Winner: Tie