Best Balance Transfer Credit Card from American Express

Blue Cash Everyday® Card from American Express
  • Great rewards on everyday spending categories
  • Generous promotional APR and no annual fee
  • Bonus for new cardholders
Card attributes
  • Variable APR
    14.74% - 25.74%
  • Cash Advance APR
    26.99%
  • Rewards Rate
    3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Annual Fee
    $0
  • Intro APR
    0% on purchases and balance transfers for 15 months.
  • Bonus Offers
    $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
Highlights
  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.

Our Detailed Review

  • Earn up to 3% cash back on everyday spending
  • Get extra cash back and discounts through Amex Offers
  • No annual fee
  • You could earn more rewards with the Blue Cash Preferred® Card from American Express
  • The card's APR is above-average
  • Its base rewards rate is mediocre
Details

Application Process: Apply online and get a response within 60 seconds.

Bonus Offers: You'll earn $150 in Reward Dollars after you spend $1,000 in the first three months. 

Rewards: Earnn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%); 2% cash back at U.S. gas stations and at select U.S. department stores; 1% back on other purchases.

APR: 0% on purchases and balance transfers for 15 months. After that, 14.74% - 25.74% variable.

Annual Fee: None

Faveable Review

The right credit card for you depends a lot on how you spend your money. And if you spend a lot on everyday purchases like gas and groceries, the Blue Cash Everyday® Card from American Express should be on your radar.

The card offers bonus rewards on these purchases and also comes with a 0% APR promotion that could save you money on interest.

But depending on how much you spend in these categories, you also might want to consider its “big brother,” the Blue Cash Preferred® Card from American Express.

To help you make the right choice, read on to learn more about the Blue Cash Everyday® Card from American Express and why it’s valuable.

Blue Cash Everyday® Card from American Express review - Card highlights

The Blue Cash Everyday® Card from American Express is one of the best credit cards for everyday spending. It offers 3% cash back at U.S. supermarkets, on up to $6,000 in purchases each year (after that, it’s 1%).

You’ll also get 2% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back everywhere else.

The card also starts you off on the right foot with a $150 sign-up bonus after you spend $1,000 in the first three months of owning the card. Plus, you’ll get a 0% APR promotion on purchases and balance transfers for 15 months.

That’s plenty of time to finance a big purchase or transfer some debt from a high-interest credit card and pay it off interest-free. All that with no annual fee.

Blue Cash Everyday® Card from American Express rewards and perks

For a credit card with no annual fee, the Blue Cash Everyday® Card from American Express offers a nice suite of rewards. With the 3% bonus category alone, you could earn up to $180 each year before you max it out.

Also, the sign-up bonus is essentially a 15% cash-back rewards on the first $1,000 you spend with the card.

But as with any credit card, it’s important to compare the rewards you’d earn with what you might get with similar credit cards.

Enter the Blue Cash Preferred® Card from American Express. This card offers bonus rewards in the same categories, but supercharged.

For example, you’ll earn 6% cash back at U.S. supermarkets, on up to $6,000 in purchases each year (after that, it’s 1%). Then you’ll get 3% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back everywhere else.

Double the cash back on groceries sounds great, but the catch is that the Blue Cash Preferred® Card from American Express charges an annual fee of $95.

So, if you want to know which card is better for you, you’ll have to do a little math. In this case, we’ve done it for you.

The way the rewards rate and fee differences work out, you’d be better off with the Blue Cash Preferred® Card from American Express if you spend at least $61 per week at U.S. supermarkets.

Now, it’s important to understand what counts as a supermarket and what doesn’t. For the most part, a supermarket is defined as such if that’s the retailer’s primary business. So, retailers like Walmart and Target don’t count, and neither do warehouse clubs like Costco and Sam’s Club.

So, take a look at your budget and determine how much you spend at eligible retailers, and base your decision on that.

Blue Cash Everyday® Card from American Express benefits

In addition to the card’s solid rewards program, the Blue Cash Everyday® Card from American Express also offers a 0% APR promotion on both purchases and balance transfers for 15 months.

You’ll also get the following benefits when you use the card:

  • Car rental insurance
  • Roadside assistance hotline
  • Travel accident insurance
  • Purchase protection
  • Extended warranty protection
  • Return protection

Blue Cash Everyday® Card from American Express costs and fees

While the card’s 0% APR promotion is impressive, you’ll be brought back to reality once it’s over. The card’s ongoing APR is 14.49% to 25.49%, depending on your creditworthiness.

The average credit card interest rate is 14.99%, according to the Federal Reserve, so the chance of getting an above-average rate with this card is high.

Also, balance transfers aren’t free despite the 0% APR promotion. You’ll pay a balance transfer fee of $5 or 3% of the transfer, whichever is greater.

Other fees and rates include:

  • Cash advance APR of 26.74%
  • Penalty APR of 29.99%
  • Cash advance fee of $5 or 3%, whichever is greater
  • Foreign transaction fee of 2.7%
  • Late or returned payment fee of up to $38

Does the Blue Cash Everyday® Card from American Express make sense for me?

The Blue Cash Everyday® Card from American Express is a great card for basic expenses, but it’s not the best for everyone.

If you can stomach and annual fee and get enough rewards to make up for it, compare the card’s sibling, the Blue Cash Preferred® Card from American Express. But if you’re generally fee-averse and are fine with earning less rewards, apply for this one.

It’s also important to look at other cash-back credit cards to see if there’s one that might fit your spending better. For example, the Citi® Double Cash offers 1% cash back on every purchase and another 1% back when you pay them off.

That kind of flat-rate rewards can be better if you prefer simplicity or don’t spend a lot in certain categories. There are also other tiered-rewards cards like the Bank of America® Cash Rewards credit card that offer similar rewards but with a few differences.

The point is that you’ll get the best card for you if you take some time to research your options and base your decision on what works best for your needs and preferences.

 

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