Blue Cash Everyday® Card from American Express Is One of the Best Cash Back Credit Cards Out There
If you’re a fan of getting cash back on your regular purchases, then here’s a card for you. It’s the Blue Cash Everyday® Card from American Express and it offers some of the highest cash back rebates in the industry. I know a lot of people and even experts urge you to shy away from credit cards completely, and I concur to some degree. If used improperly and not paid off in full each month they can destroy your finances. But if you’re careful about just using the card for regular purchases and then paying off the bill each month you’re basically leaving money on the table by not using a credit card.
An additional benefit from a card such as the Blue Cash Everyday® Card from American Express any other credit card is the added protection. I was personally reminded of this just a few weeks ago when somehow my debit card information was stolen and somebody racked up a bunch of fraudulent charges. Yes, the bank caught it and blocked the card, but not until hundreds of dollars were withdrawn from my checking account. Of course, debit cards also carry some protection against transactions like this and I did get my money back, but it’s the inconvenience that was more of an issue than anything because it took a few weeks to get that money returned. Obviously, this was relatively minor compared to someone who may have their entire account emptied, overdrawn and triggering massive fees, and so on. So, sticking to a credit card would have helped minimize the possibility of this happening.
Blue Cash Everyday® Card from American Express Features
So, what makes this card so great? Well, the cash back, obviously. To put it simply, this is what you can get with the card:
- Earn 100 Reward Dollars after you make $1,000 in purchases in the first three months of Cardmembership.
- Earn Cash Back: 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply.
- Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- Simple and Straightforward: With the Blue Cash Everyday Card, you can start earning cash back. No rotating reward categories. No enrollment required.
- No annual fee, 0% intro APR on purchases for 12 months. After that, your APR will be a variable rate, currently 12.99%-21.99% with flexibility to pay over time.
- Terms and Restrictions Apply.
This is one of the few cards out there right now that offers those cash back rates. In addition, there is no annual fee on this card, so that just sweetens the deal. So, just how much cash back could this really mean for you? Well, let’s look at an example.
Using fairly common expenses let’s assume you spend $100 a week on groceries, $75 a week on gas, and maybe $50 a month at a drug store. Then let’s say you spend another $500 a month on the card by purchasing other miscellaneous items, paying your cable, phone, and electric bills with it, etc. Over the course of a typical year like that you’ll easily get a few hundred dollars in cash back just for using the card to pay for the things you’d be paying for anyway. If you’re feeding a family of four or have a long commute to work you’ll obviously see the benefits increase even more as you spend a higher amount on things like gas and groceries.
Disclaimer: This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser’s affiliate programs.
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Filed Under: Credit Cards
About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.