With no annual fee and bonus cash back nearly everywhere you look, the Blue Cash Everyday Card from American Express (learn more) could be exactly the cash back card you’re looking to add to your wallet.
The Blue Cash Everyday Card gives you a $150 bonus when you spend $1,000 in the first three months (read more). This really isn’t a great sign-up bonus, but the card has other features that shine in place of it.
You earn cash back/rewards when you spend throughout your everyday life, no travel required (learn more).
- Earn 3 percent cash back on up to $6,000 of purchases per year at U.S. supermarket
- Earn 2 percent cash back at U.S. gas stations
- Earn 2 percent cash back at select major department stores
These select major department stores include…
- Bon Ton Stores
- Century 21 Department Stores
- J.C. Penney (JCP)
- Lord & Taylor
- Neiman Marcus
- Saks Fifth Avenue
- Stein Mart
Everything else gives you 1 percent back.
As stated, the card doesn’t come with an annual fee and you need good to excellent credit to qualify, a score of 690 or higher.
The Bad Stuff
Of course, it’s not all sunshine and roses. The card does come with a foreign transaction fee, making it that much less attractive for frequent travelers looking for a cash back card, and there is a minimum redemption for the cash back rewards ($25).
Also, keep in mind that, just as American Express specifically gives you a list of major department stores where you can earn 2 percent, they also are pretty strict with where you can and cannot earn for grocery store purchases. While you might buy your groceries each week at Wal-Mart and consider it a grocery store, American Express does not. Only strict grocery stores fall into the U.S. supermarkets category, excluding superstores like Wal-Mart and Target, as well as wholesale stores like Sam’s Club.
You also want to consider that $6,000 is not a lot. A family of four can easily spend $1,000 per month on groceries. That’s all your earning potential gone in half the year.
Who is This Card Good For?
This card is good for shoppers who spend relatively small amounts on groceries, gas and department store items, but who still want to earn a little cash back while they’re at it. They don’t necessarily need or want a travel card, because this card offers no travel perks, and they want to avoid an annual fee.
Sound like you? Find out more.