URGENT UPDATE: The competition between the Blue Cash Everyday® Card and the Blue Cash Preferred® Card from American Express is heating up! As of today, these two top cash-back credit cards cater to different spending habits, and potential cardholders need to act fast to make the best financial choice.
Both cards are designed for households that frequently spend on groceries, streaming services, and gas, but they offer distinct rewards structures. The Blue Cash Everyday Card is perfect for those seeking solid cash-back rewards without an annual fee. In contrast, the Blue Cash Preferred Card shines for heavy spenders who are willing to pay an annual fee of $95 for richer rewards.
Why does this matter RIGHT NOW? With increasing grocery prices and subscription services, every dollar counts. Understanding which card maximizes your cash back could significantly impact your monthly budgeting.
Here’s a breakdown of what you need to know:
Welcome Offers: Both cards come with attractive welcome bonuses, but the Blue Cash Preferred Card offers a higher initial cash-back incentive. However, the annual fee could be a deterrent for less frequent spenders.
Earning Rates: This is where the differences become pronounced. If you spend $6,000 annually at supermarkets, the Everyday card nets you $180 in rewards, while the Preferred card doubles that to $360. Additionally, spending $3,000 on gas earns both cards $90, but the Preferred card adds $30 for streaming services, making it the superior option for consumers who frequently use these categories.
Other Benefits: While neither card offers luxury travel perks, both provide practical benefits for everyday use. However, keep in mind that both cards charge a 2.7% foreign transaction fee, making them less appealing for international travelers.
So, which card should you choose? If your spending aligns more with grocery shopping and streaming subscriptions, the Preferred card is the clear winner. For those who prefer simplicity and lower spending, the Everyday card remains a solid choice.
As we navigate these options, consider alternatives like the American Express® Gold Card, which offers 4x Membership Rewards® points at supermarkets, or the Citi Custom Cash® Card, which provides 5% cash back on your highest spending category each billing cycle.
FAQs: Credit card expert and CNN Underscored travel editor Kyle Olsen emphasizes that choosing the right card is crucial for maximizing rewards. His team rigorously analyzes credit cards to deliver unbiased advice based on real-world value.
With the landscape of cash-back cards evolving rapidly, make your choice today to ensure you’re earning the most cash back on your everyday purchases.
For full details on rates and fees, click here for the Blue Cash Everyday Card and here for the Blue Cash Preferred Card. Don’t miss out—your financial future may depend on it!
