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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.
$95 (waived the first year if you apply by 12/10/2020)
13.99% to 23.99% variable APR
$300 statement credit after you spend $3,000 in purchases in the first 6 months from account opening
0% intro APR on purchases for 12 months from account opening
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|
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
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.
12.99% to 22.99% Variable
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.
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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.