October 24, 2020

Amex Blue Cash Preferred vs. Amex EveryDay Preferred: card comparison

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  • The Blue Cash Preferred® Card from American Express and the Amex EveryDay® Preferred Credit Card from American Express have similar names and $95 annual fees (See rates), but there are some key differences.
  • While both cards earn bonus rewards at US supermarkets at US gas stations, the Blue Cash Preferred® Card from American Express earns cash back, while the Amex EveryDay® Preferred Credit Card earns Amex Membership Rewards points.
  • The Amex EveryDay Preferred is best for those who make at least 30 transactions in a billing period, since it offers 50% more points when you reach this threshold.
  • If you prefer cash back, go with the Blue Cash Preferred. It’s offering an elevated welcome bonus and waiving the annual fee for the first year for new cardholders who apply by December 10.
  • See Business Insider’s list of the best rewards credit cards »

American Express offers several different categories of credit cards. Some are co-branded with an airline (Delta) or hotel (Hilton) partner, while others earn American Express Membership Rewards points. And still, other credit cards from American Express earn cash back as rewards.

The best option for you depends on what benefits you want, along with the types of purchases you make, since you’ll want to choose a card that offers bonus rewards on your spending. You’ll also want to decide whether you want points, miles, or cash back.

In this article, we will take a look at the Blue Cash Preferred® Card from American Express and the Amex EveryDay® Preferred Credit Card. These two cards have similar annual names and annual fees, but the rewards they earn are completely different.

Annual Fee

$95 (waived the first year if you apply by 12/10/2020)

Regular APR

13.99% to 23.99% variable APR

Featured Reward

$300 statement credit after you spend $3,000 in purchases in the first 6 months from account opening

Intro APR

0% intro APR on purchases for 12 months from account opening

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  • Details
  • Pros & Cons

    • Limited Time Offer: Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Offer Expires 12/10/2020
    • Limited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/2020
    • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
    • 6% Cash Back on select U.S. streaming subscriptions.
    • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
    • 1% Cash Back on other purchases.
    • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
    • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
    • Terms Apply.
    Pros
    • Generous bonus rewards, especially at US supermarkets
    • One of a small handful of credit cards that offer bonus rewards on select streaming services
    • Intro APR offer
    Cons
    • Unlike many other cash-back cards, it charges an annual fee
    • If you spend more than $6,000 at US supermarkets each year, you’ll want to use another card once you reach that cap


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    Amex Blue Cash Preferred versus the Amex EveryDay Preferred: the biggest differences

      Blue Cash Preferred® Card from American Express Amex EveryDay® Preferred Credit Card from American Express
    Annual fee $95 (waived the first year if you apply by 12/10/2020) $95
    Welcome bonus $300 statement credit after you spend $3,000 in purchases in the first 6 months from account opening 15K Membership Rewards points after you spend $1K in the first 3 months 
    Earning rates

    6% cash back at US supermarkets*

    6% cash back on select US streaming subscriptions

    3% cash back at US gas stations

    3% cash back on transit

    1% cash back on all other purchases

    3x points at US supermarkets*

    2x points at US gas stations

    2x points on travel purchases through Amex Travel

    1 point per dollar on all other purchases

    Monthly transaction bonus N/A 50% more bonus points when you make at least 30 purchases in a billing cycle
    Intro APR offer 0% intro APR on purchases for 12 months from account opening , then 13.99% to 23.99% variable APR 0% intro APR on purchases for 12 months from account opening, then 12.99% to 22.99% Variable
      Learn more Not available through Business Insider

    *6% cash back/3x points at US supermarkets on up to $6,000 spent per year, then 1%/1x

    Welcome bonus

    The Blue Cash Preferred® Card from American Express is currently offering an elevated welcome bonus of a $300 statement credit after you spend $3,000 in purchases in the first 6 months from account opening. This bonus will only be available through December 10, and new cardholders who apply by that date will also get the annual fee waived for the first year.

    The Amex EveryDay® Preferred Credit Card is offering 15,000 Membership Rewards points after new cardholders spend $1,000 in the first three months.

    Beyond the different minimum spending requirements, the big difference here is that the Blue Cash Preferred® Card from American Express offers cash back, while the Amex EveryDay® Preferred Credit Card gets you Amex points.

    Cash back will always have the same value, while the value of American Express Membership Rewards points depends on how you use them. While you’ll only get a value of 0.7 to 1 cent per point if you redeem for gift cards or for travel through the Amex travel portal, you can get much more value by transferring them to Amex’s airline and hotel partners. 

    Regular APR

    12.99% to 22.99% Variable

  • Details
  • Pros & Cons

    • The information for the Amex EveryDay Preferred Card has been collected independently by Business Insider, and has not been reviewed or provided by the card issuer
    • 3x points at US Supermarkets
    • 2x points at US gas stations
    • 1x points on all other eligible purchases
    • Use your Card 30 or more times on purchases in a billing period and earn 50% extra points on those purchases less returns and credits. Terms apply.
    Pros
    • Strong rewards at US supermarkets
    • You can earn a 50% points bonus each billing period when you make at least 30 purchases
    Cons
    • Annual cap on earning bonus rewards at US supermarkets
    • Not the best option for earning rewards outside of US supermarkets and US gas stations — especially if you don’t make at least 30 purchases per billing statement to earn the bonus

    Earning rates on purchases

    While the two cards share several bonus categories, the Blue Cash Preferred® Card from American Express has better earning rates in most of them.

    You’ll get 6% at US supermarkets versus 3 Membership Rewards points with the Amex EveryDay® Preferred Credit Card, and 3% cash back at US gas stations versus 2 Membership Rewards points per dollar spent. 

    The Blue Cash Preferred® Card from American Express also gets 6% cash back on select US streaming subscriptions and 3% cash back on transit. The only bonus category where the EveryDay Preferred is better is its 2 Membership Rewards points per dollar spent on travel purchased through the American Express travel portal.

    The Amex EveryDay® Preferred Credit Card also offers a bonus if you reach 30 or purchase transactions in any monthly billing cycle. This is a benefit that is unique to the EveryDay Preferred card (and its sister card, the no-annual-fee Amex EveryDay® Credit Card from American Express). If you reach the 30-transaction threshold, you’ll get 50% more points on purchases made during that billing period.

    Which card is right for you?

    If you’re considering the Amex EveryDay® Preferred Credit Card, you’ll want to make sure to meet the monthly transaction bonus target of 30 transactions per month. If you don’t plan on making the Amex EveryDay Preferred card your everyday card, you’ll likely be better off with the Blue Cash Preferred® Card from American Express. 

    If you do meet the monthly target each month, then 4.5 Membership Rewards points at US supermarkets (3 points, on up to $6,000 spent per year, plus the 50% bonus) is competitive with other credit cards. Still, it’s hard to beat a straight 6% cash back bonus. There’s a reason the Blue Cash Preferred® Card from American Express is one of our best cards for grocery spending. If you maximize the bonus at US supermarkets, you can get $360 back each year — significantly more than the $95 (waived the first year if you apply by 12/10/2020) annual fee. 

    The Amex EveryDay® Preferred Credit Card card would be best for people who regularly use and maximize Membership Rewards points. It can also be an option for people who have a healthy stash of Membership Rewards points and want to cancel or downgrade a more expensive Membership Rewards card like The Platinum Card® from American Express or the American Express® Gold Card.

    Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

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    Please note: While the offers mentioned above are accurate at the time of publication, they’re subject to change at any time and may have changed, or may no longer be available.

    For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.

    For rates and fees of the American Express® Gold Card, please click here.

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