Amex Improves The Welcome Offers On Two Excellent Cash Back Cards


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American Express has just refreshed the welcome offers on two of the best cash back cards that it issues – the Blue Cash Everyday Card and the Blue Cash Preferred Card. At a time when a lot of people are shying away from earning miles and points and looking to safer havens like cash back, these are two credit cards that are worth a closer look…especially as both are now free for at least the first year.

I’ve reviewed both of these cards in detail (links to the reviews can be found below) so this is just a post to highlight the new welcome offers and the key reasons these two cards can be incredibly useful across a variety of wallets.

The Blue Cash Preferred Card From American Express

What’s Changed?

The Blue Cash Preferred Card comes with a $95 annual fee but the latest offer that American Express has just posted sees the annual fee waived for the first year of card membership.

The new welcome offer on the Blue Cash Preferred Card is for a $300 statement credit after a new cardholder spends $3,000 on their card within 6 months of opening their new account (more details).

Note: The welcome bonus is only available to applicants who have not held this card before.

The Card’s Earnings Rates

  • 6% cash back at U.S. supermarkets on up to $6,000 spending per year*
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit spending (e.g. taxis/Uber/Lyft, parking tolls, trains, buses)
  • 3% cash back at U.S. gas stations
  • 1% cash back on all other spending

*Any spending above $6,000 will earn 1% cashback

Note: Cashback is received in the form of Reward Dollars that can be redeemed as a statement credit.

Why This Is A Great Card

  • It’s free in the first year so new applicants can try out this fantastic credit card without spending a dime.
  • The welcome offer of $300 is effectively free cash as the card doesn’t charge an annual fee in the first year and with 6 months in which to earn it, it should be an easy enough target to hit.
  • 6% cash back at US supermarkets (up to $6,000 of spending per year) is a fantastic rate of return and makes the Blue Cash Preferred Card one of the best credit cards to use at US supermarkets.
  • 6% cash back available on select US streaming services is unmatched by any other US-issued credit card.
  • The 3% cash back that the Blue Cash Preferred Card earns at gas stations is one of the highest rates of return that any US-issued credit card offers for gas stations spending…and there’s no cap on the spending.
  • The 3% cash back on select travel spending makes the Blue Cash Preferred Card one of the best cash back cards to use for trains, taxis, ridesharing services, tolls and a lot more.

In Summary

The Blue Cash Preferred Card from American Express is one of the more rewarding cashback cards on the market with its market-leading rebate at U.S supermarkets, market-leading rebate on spending with streaming services, great cash back rates on select travel spending, and great cash back at gas stations too. If you’re someone looking for a strong cash back card or if you’re just someone who prefers to earn statement credits over miles and points, this is probably the card for you.

Link to full review

Blue Cash Everyday Card From American Express

What’s Changed?

The Blue Cash Everyday Card still comes with no annual fee but the welcome offer has now been doubled. Successful new applicants will receive $200 back in statement credits after they spend $1,000 in the first 3 months of card membership (find out more).

Note: The current welcome offer is not available to anyone who currently holds this card or who has had this card in the past.

The Card’s Earnings Rates

  • 3% cash back at US supermarkets on up to $6,000 in annual purchases
  • 2% cash back at US gas stations
  • 2% cash back at select US department stores
  • 1% cashback on all other purchases

*Any spending above $6,000 will earn 1% cashback

Note: Cashback is received in the form of Reward Dollars that can be redeemed as a statement credit.

Why This Is A Great Card

  • There’s never an annual fee to pay so you can hold and enjoy the benefits of the Blue Cash Everyday Card for as long as you like and as long as you never cary a balance (and get charged interest) you’ll never have to pay a dime.
  • The $200 cash back welcome offer that can be earned after spending $1,000 is effectively a 20% rebate on your first $1,000 of spending on the card and, as the card is free to hold, is effectively free money.
  • The good earning rates offered by the Blue Cash Everyday card are impressive for a card that never charges an annual fee. More importnantly, the solid earnings are offered in two key categories where a lot of people usually see significant spending – groceries and gas stations.
  • The 2% cash back the Blue Cash Everyday card offers on department store spending makes this one of the few cards to incentivize spending in this category and as no annual fee cards go, the return on offer is pretty impressive.

In Summary

The Blue Cash Everyday Card doesn’t charge an annual fee, it’s currently offering a very good welcome bonus, and it gives cardholders a very good rate of return for spending made at US supermarkets. As an added bonus it offers 2% cash back at US gas stations and select department stores and, as with all American Express cards, it gives cardholders access to valuable Amex Offers which can help a cardholder save yet more money.

Link to full review

Bottom Line

The Blue Cash EveryDay Card requires less spending for a welcome offer that’s not hugely different from the offer on the Blue Cash Preferred Card but, now that the Preferred Card is free to hold for the first year, it’s almost certainly the card that everyone should be going for.

Yes, the Blue Cash Preferred Card’s welcome offer requires significantly more spending than the offer on the EveryDay card but you get 6 months in which to earn it rather than just 3 – that makes the bonus considerably easier to earn. Also, the 6% cash back at US supermarkets is a fantastic rate of return in a shopping category that most of us use on a daily basis, the 6% return on spending with select US streaming services is unmatched anywhere else, and the 3% cash back on various types of travel spending is just the icing on the cake.

While the Blue Cash Preferred Card was charging an annual fee it was a great card to have. Now that it’s free to hold for the first year it’s the closest thing you’ll find to a “no-brainer” for anyone interested in earning cash back on their spending.

2 COMMENTS

  1. As always, very helpful posts for your readers, Ziggy – Thank you!!

    Question: Are these 2 cards link in any way to AMEX Membership Rewards? Can they be pooled towards Amex MRs for redemption (like in Chase for Freedom Cards with Chase Sapphire Ultimate Rewards Pgm?) I love the Chase Trifecta and would consider similar for Amex if the Blue Cash cards work the same way. Thanks for all you do to inform your readers 🙂

    • Hi Joyce

      Thanks for the kind words. Unfortunately, unlike Chase, Amex keeps cash back and points (Membership Rewards) separate so there’s no scope to turn cash back to MR points with these cards. They’re a pure cash back play.

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