by Daniel | Last Updated July 14th, 2022
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So today American Express announced that they have refreshed the Blue Cash Everyday Card with a new design, increase cash-back earnings, and a few new benefits.
The updated card now offers the ability to earn 3% cash back on up $18,000 worth of purchases from a select range of businesses within the US.
And if you can take full advantage of the benefits on offer and the sign-up bonus it is possible to receive a value of $464.
Who Is This Card Good For?
So who exactly is this card good for?
To be honest, I think this is a great card for petty much anybody, first of all, it has no annual fee which is always nice.
Basically, it means that the card is free as long as you always make sure to pay off your balance owing.
Also, this card offers the ability to quite easily earn cash back from a variety of different businesses.
Sign-up Bonus
Now with this card, there is the possibility to earn a $200 statement credit if you can manage to spend $2,000 on purchases within the first 6 months of card ownership.
And this shouldn’t be too hard as you will only need to spend about $85 each week on the card over the first 6 months.
Cash Back Earning Potential
So when it comes to earning cash back there are quite a few options that offer the ability to earn up to 3% back.
And the first option is to earn 3% back on purchases that are made at US Supermarkets up to a total spend amount of $6,000 per year, after this, it will revert to 1% cash back until the following year.
Then from here, it is possible to earn 3% back for Online Retail Purchases that are made within the US, and this is also limited to a spend amount of $6,000 per year and will revert to 1% cash back until the following year.
Purchases made at US Gas Stations will also receive 3% cash-back up to the same $6,000 spend limit as the other options, and will also revert to 1% cash-back after the spend limit is met.
And then finally, all other purchases will receive 1% cash back.
So there is a pretty broad range of options to choose from to earn cash back.
And if you can maximize the 3% cash back on all 3 options, it will be possible to earn $540 in cash back.
Benefits, Perks, and Insurance Coverage
Now even though this card has no annual fee, it actually has some pretty decent benefits.
So first of all, if you subscribe to The Disney Bundle which currently includes:
- Disney+
- Hulu
- ESPN
and spend at least $13.99 each month, It is possible to receive $7 back from Amex each month which is a total of $84 annually.
Next up, it is possible to receive a $180 Home Chef credit, and this is provided as a $15 credit each month that will go toward any food orders you make through Home Chef.
Now a nice insurance-related benefits that also comes with this card is Car Rental Loss and Damage Insurance.
And this helps to cover any potential damage or theft of a rental car when you use the card to pay for the entire trip and then decline the rental company’s collision damage waiver.
Then finally there is Purchase protection that provides up to 90 days of coverage for new purchases if they are stolen or accidentally damaged.
APR
Now the New Blue Cash Everyday card has a 0% intro APR on both purchases and balance transfers
that runs for 15 months from the date you open an account.
Now if you do decide to do a Balance transfer it will need to be requested within 60 days of opening the account.
And just note that a Balance Transfer will have a fee of either $5 or 3% of the amount of each transfer, whichever amount is more.
After the 15 months is up, the APR will then revert to between 15.49% to 26.49% depending on what your creditworthiness is.
If for any reason you need a cash advance the APR will be 26.74% and will also incur a fee of either $10 or 5% of the amount of each cash advance, again whichever amount is more.
There is a foreign transaction fee of 2.7% for each transaction that is made outside the US, so it’s not a card that should be used when traveling overseas.
As with most credit cards, there is a Penalty APR of 29.99% that will come into effect if there are any late payments or payments that are returned by your bank.
And either of these penalties will incur a fee of up to $40.
Final Thoughts
So that’s pretty much everything there is to know about the updated Amex Blue Cash Everyday card.
And I think it offers some great value, and best of all it has no annual fee.
Now if you’re interested in similar cash back cards, why not check out this article here where I review and compare the Amex Blue Cash Preferred Card, the Capital One Savor One card, and the Chase Freedom Unlimited card.