American Express Blue Cash Everyday card review – Forbes Advisor
The Blue Cash Everyday credit card provides rewards at the following rates: 3% Cash Back at U.S. supermarkets (up to $ 6,000 per year in purchases, then 1%), 2% Cash Back at U.S. gas stations and select U.S. department stores, and Cash Back 1% off other purchases. Cash back is received in the form of reward dollars which can be easily redeemed for statement credits.
As a new cardholder, you can also earn the following welcome bonus: $ 200 back as a credit on your statement after spending $ 2,000 on purchases during the first 6 months of card membership.
The cash back you earn is stored in your account as Blue Cash Rewards dollars. You can redeem your Rewards Dollars as soon as you have accumulated at least $ 25 for a credit on your statement. Keep in mind that you cannot apply this cash back back to your minimum payment due.
Since the Blue Cash Everyday card is only a cash back card, your rewards cannot be converted into Membership Rewards points and combined with rewards on Membership Rewards cards.
Forbes Advisor uses data from various government agencies to determine both basic income and average spending in various categories. The 70th percentile of earners earns $ 100,172 per year and we base our sample of household spending on that number.
Based on Forbes Advisor estimates, our household sample spends $ 5,687 in grocery stores per year, earning $ 170.61 in cash. In addition, this family is spending $ 2,687 in gas stations and $ 2,377 in department stores, which will net $ 101.20 in cash. Note that American Express narrowly categorizes department stores so that included stores primarily carry clothing and home goods.
Forbes Advisor estimates that an additional $ 15,659 can reasonably be charged to a credit card in non-bonus categories, which would earn $ 156.59 in cash. The total cash back earned by our household example would be $ 428.40 per year, plus the welcome bonus. Since everyone’s spending habits differ, we suggest that you take a look at your purchasing habits and compare the rewards earned for any card you are considering.