American Express revamps Blue Cash credit cards
American Express just rolled out two new cards with expanded cash-back options.
Blue Cash Everyday and Blue Cash Preferred cash-back credit cards are upgraded versions of their old cash-back selves.
The old Blue Cash cards offered cash back on all gas, grocery and drug stores once you passed $6,500 in total annual spending. So the rewards program card was a hit among big spenders, but didn’t offer much in the way of rewards for frugal shoppers.
Now, the new cards have no limit, so the chance to earn cash starts right away.
In addition to all the places the Blue cards used to let consumers earn cash, now purchases made at department stores are eligible for the cash-back reward.
Here’s a look at each card.
Blue Cash Preferred Card
It includes:
- $100 cash back to start for new American Express card members.
- 0% introductory APR for up to 12 months on purchases, depending on your credit, then a variable 17.24% to 21.24% APR (that's the prime rate plus 13.99% to 17.99%).
- A $75 annual fee.
Cash-back bonus rewards are:
- 6% cash back at supermarkets, the highest cash-back reward on groceries offered by any credit card.
- Up to 3% at department stores and gas stations.
- 1% on all other eligible purchases.
Blue Cash Everyday Card
It includes:
- 0% introductory APR for up to 12 months, just like the Preferred Card, then a variable 17.24% to 21.24% APR.
- No annual fee
Cash-back bonus rewards are:
- 3% cash back at grocery stores.
- Up to 2% at department stores and gas stations.
- 1% on all other eligible purchases.
The new cards also offer a bonus, $25 for the Everyday and $75 for the Preferred, for referring a friend to the Blue Cash cards. There’s no limit to the number of friends you can refer or the bonuses you can earn.
Compare these cards with all of the cash-back credit card offers in our extensive database.
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