AMEX EveryDay or AMEX Blue Cash Everyday: Depends on How You Want to Redeem Cash Back

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Updated on Wednesday, March 30, 2016

AMEX EveryDay or AMEX Blue Cash Everyday

American Express has many rewards cards. Two credit cards that do not charge an annual fee are The Amex EveryDay® Credit Card from American Express and Blue Cash Everyday® Card from American Express.

With The Amex EveryDay® Credit Card from American Express you earn Membership Rewards® points from making purchases. On the other hand, Blue Cash Everyday® Card from American Express lets you earn a statement credit after required spend.

The Amex EveryDay® Credit Card from American Express

With The Amex EveryDay® Credit Card from American Express you earn 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x), 1x points on other purchases. Purchases at warehouses and superstores like Costco and Walmart don’t count for 2x points, which should be a deal breaker if you shop heavily at either.

On all other purchases you get 1x points. As an added bonus, if you make 20 or more purchases within a billing cycle, you’ll get an extra 20% on those purchases.

The Amex EveryDay® Credit Card from American Express has a Welcome offer – 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.

Redeeming Membership Rewards® Points

With Membership Rewards®, you will have a wide variety of redemption opportunities. Cardholders can choose to redeem for various gift cards, statement credit, travel, entertainment and more. Most exciting is that you can transfer points to airline mile credit card programs. For example, you could turn 1,000 Membership Rewards® points into 1,000 Delta SkyMiles®.

Although rewards options are plentiful, you’ll get the most value from points when you redeem for certain things. For example, 1,000 points when redeemed for airfare, NYC taxi fare or an Uber ride equals $10.

Points are also transferable to partnering travel rewards programs, a major perk for travelers.

Blue Cash Everyday® Card from American Express

This card gives you 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases.

$150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.

This card has a $0 annual fee.

Blue Cash Everyday® Card from American Express

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Pros and Cons

The Amex EveryDay® Credit Card from American Express

Pro: Balance transfer offer. If you’re looking to transfer a balance, there is a unique offer that can save you a lot of money: $0 balance transfer fee. Transfers must be made within the first 60 days of account opening. There’s also an intro 0% for 15 Months on purchases and balance transfers, then a APR rate, currently 12.99% - 23.99% variable.

Pro: No revolving categories. You don’t have to worry about activating a bonus category or switching up your spending habits every three months like you do with other cards that have revolving categories. The rewards cap per year is generous. If you spend less than $500 on groceries per month, you’ll get 2x points on food for the entire year.

Con: Grocery store shopping limitations. If you’re someone who likes to shop in bulk at superstores or in corner markets, this card may not be for you. You’ll only earn 1x points on your purchases and you can get rewarded more from this spending with another card.

Pro: No annual fee. The card has a low intro APR: 0% for 15 Months on purchases and balance transfers, then 12.99% - 23.99% variable APR. Once introductory ends, you should make sure to pay the credit card bill in full each month to benefit from the rewards program and avoid interest.

Con: Point value for statement credit. If you want to pay off your statement with points the value is just okay.

Pro: Many redemption options with Membership Rewards®. Whether you want to redeem for statement credit, gift cards or travel, The Amex EveryDay® Credit Card from American Express has you covered. However, rewards have different redemption values. Check the Membership Rewards® site for details.

To see rates & fees for The Amex EveryDay® Credit Card from American Express, please click here.

Blue Cash Everyday® Card from American Express

Pro: No revolving categories. There’s no need to keep up with changing categories here as well. And you can earn more than the basic 1% in two ways, spending at U.S. supermarkets (3%) and U.S. gas stations (2%).

Con: Redemption threshold. The redemption threshold is low, $25, but there’s still a preset limit you have to reach before you can cash in your money for statement credit.

Pro: No annual fee. You can enjoy a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. and an intro deal with a low intro APR: N/A on purchases and balance transfers, then 13.99%-23.99% Variable APR.

Con: Limited to supermarkets. Just like The Amex EveryDay® Credit Card from American Express you can’t spend just anywhere that food is sold to earn in the 3% category. You’re restricted to certain merchant codes and that excludes warehouses.

Pro: Redemption for statement credit. Blue Cash Everyday® Card from American Express card is simple; you earn a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. Although there is one caveat, you can’t use cash back to cover your minimum balance due.

To see rates & fees for the Blue Cash Everyday® Card from American Express, please click here.

Other Rewards Card Options

Citi® Double Cash Card – 18 month BT offer is a good alternative if you want to earn unlimited double cash back on all purchases. Check out this card if you’re a big superstore or warehouse shopper. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.. This means the real value only comes if you pay off your monthly bill on time and in full.

Discover it® Cash Back gives you the chance to earn 5% cash back on everyday purchases atdifferent places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. The 5% is limited to $1500 spending per quarter, 1% after that. Activation is required. With the “Cashback MatchTM” program, Discover will automatically match all the cash back you earn at the end of your first year (new cardmembers only).

From April to June 2020, the categories are New! Home Depot (June), Gas Stations, Uber, Lyft and Wholesale Clubs.

All other purchases get unlimited 1% cash back automatically. You can redeem cash back for gifts cards, statement credits, charitable donations, deposits to an account or merchandise.

Or search for our list of best cash back cards for your needs by comparing our list of top offers here.

Which Card Will Benefit You the Most?

Deciding which option – cash or Membership Rewards – depends upon how you value Membership Rewards. A savvy frequent flier could convert Membership Rewards points into Delta SkyMiles® worth 2 cents per point (or more, with a good business class redemption). However, if you just want cash back, earning 3% cash back on Blue Cash Everyday® Card from American Express is a much better deal than 2 points on The Amex EveryDay® Preferred Credit Card from American Express – even with the 20% bonus.

Cash back aside, those looking to transfer a balance will see more benefit from The Amex EveryDay® Credit Card from American Express with its money-saving $0 balance transfer fee. Transfers must be requested within 60 days of account opening. For example, transferring $1,000 to The Amex EveryDay® Credit Card from American Express has no balance transfer fee, while the same transfer to the Blue Cash Everyday® Card from American Express will have a $30 balance transfer fee (N/A).

The information related to The Amex EveryDay® Credit Card from American Express and Citi® Double Cash Card – 18 month BT offer has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.

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