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Designed for smart shoppers and everyday users, it offers many benefits that can significantly improve your wallet. Let’s explore its features, how it works, eligibility requirements, and application process to help you decide if it suits your needs and preferences.
First, ease financial planning with Plan It®, which lets you divide purchases of $100 or more into equal monthly installments with a fixed fee. Select purchases in your online account or the Amex App to explore plan options, all while earning rewards as usual.
Shop with peace of mind with Purchase Protection, which covers eligible purchases against theft and accidental damage for up to 90 days from the purchase date.
Enhance payment flexibility with Send & Split® on the American Express® App, enabling fee-free money transfers and purchase splitting with Venmo and PayPal users. You can enroll today to receive payments as a statement credit on your Card and earn rewards on split purchases.
Rest easy knowing American Express is committed to resolving any fraudulent or incorrect charges on your statement, ensuring your peace of mind through effective dispute resolution.
Travelling 100 or more miles from home? The Global Assist® Hotline offers coordination and assistance services, whether you’ve lost your wallet, need medical referrals, or need trip preparation help, such as customs information. Charges incurred from third-party service providers are the Card Member’s responsibility.
When renting a car for your vacation, use your Eligible Card to pay for the entire rental and decline the collision damage waiver (CDW) at the counter to potentially be covered for theft or damage to the rental vehicle in eligible areas.
Keep in mind that exclusions apply, and coverage does not extend to vehicles rented in Australia, Italy, and New Zealand. This insurance provides secondary coverage and excludes liability.
The Amex Blue Cash Everyday® Card Pros and Cons
This card has upsides and downsides. They include:
Benefits
Some of its benefits include:
- Entertainment Savings: Earn a $7 monthly statement credit with a Disney Bundle subscription when spending $9.99 or more monthly at DisneyPlus.com, Hulu.com, or Plus.espn.com.
- Delicious Dining Rewards: Receive up to $15 in monthly statement credits on Home Chef meal kit subscriptions in the contiguous U.S.
- Exclusive Event Access: Access exclusive presales and special offers for sports, music, and theater events with Amex Experiences.
Cons
Here are some of this card’s drawbacks:
- Credit History: Your history with credit card balance transfers may impact eligibility.
- Card Openings and Closures: The number of credit cards you’ve opened and closed may also influence eligibility.
Rates and Fees
You’ll start with a 0% introductory Annual Percentage Rate (APR) for purchases for the first 15 months after opening your account. After this period, the APR will vary between 19.24% and 29.99%, depending on your creditworthiness and market conditions.
For balance transfers initiated within 60 days of account opening, there’s a 0% introductory APR for the first 15 months. After that, the APR for both these transfers and any new ones accepted will be set between 19.24% and 29.99%, contingent on your creditworthiness and market rates.
Cash advances have an APR of 29.99%, which may fluctuate depending on the Prime Rate and market conditions.
Late or returned payments may trigger a penalty APR of 29.99%. Depending on your payment history, this rate can apply for at least six months.
To prevent accruing interest on your purchases, be sure to settle your entire balance by the due date each month, typically within at least 25 days after the end of the billing cycle.
During the initial 15 months after account opening, there is no fee for setting up a payment plan. After this period, the fee can be up to 1.33% of each purchase amount moved into a plan, determined by the plan duration, APR, and other factors.
There is no annual membership fee. Transaction fees include either $5 or 3% of the balance transfer amount, whichever is greater, and either $10 or 5% of the cash advance amount, whichever is greater.
There is also an Amex Blue Cash Everyday Card foreign transaction fee. These international transactions are subject to a fee of 2.7% after conversion to U.S. dollars.
Late payments and returned payments may incur fees of up to $40 each, but there is no fee for exceeding your credit limit.
Eligibility Criteria and Requirements
To apply, you need to be a U.S. resident and at least 18 years old and above.
Also, you must declare your total annual income, including all sources available to you, and also note any income that is not subject to federal taxes, if applicable. If you’re under 21, only include your personal income.
For financial information, provide your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). If you’re new to the U.S. but have an American Express account or international credit history, you can ask them to consider your international credit history from certain countries to assess your application better.
How to Apply for the American Express Blue Cash Everyday® Card
The application process for the American Express Blue Cash Everyday® Card is straightforward. Visit their website, click on “Apply”, and you’ll be directed to the online application page.
Then, fill in your personal details, such as your name, birthdate, email, and phone number. Make sure to review their Privacy Statement before submitting the form.
You’ll find out if you’re approved without any impact on your credit score. However, accepting the Card after approval may affect your credit score when American Express reports to the credit bureaus.
Conclusion
The Amex Blue Cash Everyday® Card is tailored for savvy shoppers, offering substantial benefits that can greatly influence your budget. With its array of impressive features, the card simplifies spending while maximizing savings.
Although, eligibility criteria may limit former cardholders, it remains an excellent option for those prioritizing consistent rewards and financial versatility. Apply today to begin earning rewards on your everyday purchases with the American Express Blue Cash Everyday® Card.
