American Express has just rolled out new limited-time welcome bonuses on two of its popular consumer cash back credit cards. With the way that spending has evolved due to coronavirus, these are cards that many may want to give a second look.
Earn $200-300 statement credits with Amex Blue Cash offers
Through December 10, 2020, the Amex Blue Cash cards are offering the following bonuses:
- The Blue Cash Everyday® Card from American Express (review) is offering a $200 statement credit after spending $1,000 within three months; the card has no annual fee (Rates & Fees)
- The Blue Cash Preferred® Card from American Express (review) is offering a $300 statement credit after spending $3,000 within six months; the card has a $95 annual fee, which is waived for the first year (Rates & Fees)
On top of that, The Blue Cash Everyday is offering a 0% intro APR on purchases for 15 months from the date of account opening, then a variable APR, 13.99% to 23.99% (Rates & Fees). The Blue Cash Preferred is offering a 0% intro APR on purchases for 12 months from the date of account opening, then a variable APR, 13.99% to 23.99% (Rates & Fees).
Which Amex Blue Cash card is better?
Both of these cards offer robust cash back bonus categories.
The Blue Cash Everyday Card offers:
- 3% cash back at U.S. supermarkets, on up to $6,000 of spending per year
- 2% cash back at U.S. gas stations
- 2% cash back at select U.S. department stores
- 1% cash back on all other purchases
The Blue Cash Preferred Card offers:
- 6% cash back at U.S. supermarkets, on up to $6,000 of spending per year
- 6% cash back on select U.S. streaming services
- 3% cash back on transit
- 3% cash back at U.S. gas stations
- 1% cash back on all other purchases
I’d say the incremental bonus categories on the Blue Cash Preferred really set it apart, and particularly the 6% cash back at supermarkets, which is an especially useful bonus category for many people nowadays. This is one of the all around best credit cards for spending at grocery stores.
Regardless of which card you might want long term, personally I’d highly recommend applying for the Blue Cash Preferred Card:
- The card offers an additional $100 in statement credits as part of the bonus
- The annual fee on the card is waived for the first year anyway
- I think many people will find the card to be worthwhile long term, but if you don’t, you can downgrade to the Blue Cash Everyday Card after a year, so you won’t pay an annual fee
If you’re looking for a well-rounded cash back card…
Both of the Blue Cash products are great for the bonuses they offer in specific categories. However, for everyday spending I wouldn’t recommend using these cards, since you can do better than 1% back.
- The card offers 1% cash back when you make a purchase, and an additional 1% cash back when you pay for that purchase
- Rewards on this card can be converted into Citi ThankYou points at a ratio of one cent per point, which could increase the value of your rewards even more
- Especially in the coronavirus era, there’s more value than ever before to having lots of flexibility with your cards, and the Citi Double Cash gives you the best of both worlds — you can earn cash back at an industry-leading rate, and also convert those rewards into points later on
Both the Blue Cash Everyday Card and Blue Cash Preferred Card are offering limited time bonuses with significant statement credits. I’m sure just about everyone would like some extra cash in their pocket, and on top of that these cards offer some useful bonus categories.
Personally I’d recommend picking up the Blue Cash Preferred for the 6% back on groceries and superior welcome bonus, and then if you don’t like the card, you can always downgrade it to the Blue Cash Everyday at a later point.
Anyone have an Amex Blue Cash Card? If so, what has your experience been?
The following links will direct you to the rates and fees for mentioned American Express Cards. These include: Blue Cash Everyday® Card from American Express (Rates & Fees), and Blue Cash Preferred® Card from American Express (Rates & Fees).