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An ‘Everyday’ Rewards Credit Card?

Blue Cash from American Express offers 3% cash backAmerican Express’ recently revamped Blue Cash credit card is more useful to more consumers.

Previously, the Blue Cash from American Express offered up to 5% cash back on everyday purchases like gas and groceries, but only after you spent $6,500 per year.

This rewards program catered to individuals who spent a lot of money on their credit cards.

The new version of Blue Cash, called Blue Cash Everyday, offers consumers a tiered rewards program without the spending requirement. Even though more people might find this card useful, is it actually better?

The Blue Cash Everyday offers a 0% intro annual percentage rate on purchases for six or 12 months. The length of your introductory period depends on your credit rating.

Also dependent on your credit is the standard APR after the intro rate expires, as American Express charges a variable 17.24% to 21.24% APR (that’s the prime rate plus 13.99% to 17.99%).

That’s pretty high when compared with other credit cards, so if you do use this as your everyday credit card, make sure you pay your balance in full each month to avoid high interest rates.

All customers, no matter how much they spend, will earn a good amount of cash back on everyday purchases.

The current tiered rewards program includes:

  • 3% cash back on all supermarket purchases
  • 2% cash back on all gasoline and department store purchases
  • 1% cash back on everything else.

One of the largest upgrades this card has made is that cash back can be redeemed beginning at $25.

Previously, Blue Cash cardholders could only redeem cash back once a year.

The amount of cash back that can be earned in a calendar year is unlimited and cash back never expires as long as the account remains current. The AMEX Blue Cash Everyday has no annual fee.

So is this card really better than the old Blue Cash?

Consumers who know how to take advantage of credit card rewards program will know this is a step down.

Earning 5% on gas and groceries is a much better offer than the one above, but not everyone can spend $6,500 a year in this area.

That’s why, for the average spender, the Blue Cash Everyday is a step in the right direction.

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