Comparison: Amex Blue cash Preferred Vs Everyday Preferred Credit Card

Insider’s experts select the best products and services for you to make smart financial decisions.here’s how). In certain cases, we are paid a commission Our partnersHowever, we are free to express our opinions. All offers on this page are subject to the following terms and conditions

Consider adding a card to your wallet. Blue Cash Preferred® Card from American ExpressAnd the Amex EveryDay® Preferred Credit Card are great options. They are great options, despite having similar names and a common issuer.

The best card for you depends on your needs. What kind of rewards do you want to get?Which amount you typically spend? 

Here, we’re focusing on the perks and rewards that each card offers. If you have to pay interest or late fees, these cards will not be worth the cost. It is important that you pay your credit card in full each month. Also, pay on time and only spend what you are able to afford.

Compare Blue Cash Preferred & Amex EveryDay Prreferred

Both Amex rewards credit card offer similar annual fees, but the Blue Cash Preferred® Card from American Express has an objectively more appealing offer: New cardholders pay an annual fee of $0 intro for the first year, then $95. This is great news for people who are interested in trying higher-earning rewards cards, but don’t want to pay an annual fee.

Even so, the Amex EveryDay® Preferred Credit Card only charges a low $95 annual fee. 

The most significant difference between Amex cards is how they earn rewards. The Blue Cash Preferred® Card from American Express earns cash back in the form of Reward Dollars, which can be redeemed for statement credits, while the Amex EveryDay® Preferred Credit Card earns Amex Membership Rewards points. 

The Amex EveryDay® Preferred Credit Card’s bonus is technically easier to earn, but neither card’s spending requirement is that high, and you’ll have six months to meet the requirement. 

Reward rates

While they share many of the same bonus spending categories, earning rates vary (usually in the Blue Cash Preferred® Card from American Express’s favor). Keep in mind, however, after you use the Amex EveryDay® Preferred Credit Card 30 times, you’ll earn 50% more points on purchases during that billing cycle. This benefit applies only to the EveryDay Preferred credit card (and the sister card, the The EveryDay Preferred card). no-annual-fee Amex EveryDay® Credit Card from American Express
). 

The Blue Cash Preferred® Card from American Express earns: 

• Get 6% Cash Back at US supermarketsBuys up to $6,000 per annum (then 1%).
• Get 6% Cash Back on Select US Streaming Subscriptions
• Get 3% Cash Back at US Stations for gasTransit and other information 
• All other purchases eligible for a 1% cashback

The Amex EveryDay® Preferred Credit Card earns: 

• Buys up to $6,000 in US supermarkets earn 3x points (previously 1x).
• 2x points for US gas stations
• All other purchases eligible for 1x

The Amex EveryDay® Preferred Credit Card’s rewards rates mentioned above are what you’ll earn before the 50% bonus is applied. Cardholders who receive the bonus could earn as much as 4.5x at US supermarkets (upto $6,000. per year), 3x from US gas stations, 2x on all purchases, and 2x at other locations.

Redeem rewards

Cashback always has the same value as the original, but the American Express Membership Rewards points have a great valueIt depends on how they are redeemed. If you redeem your points for gift cards, or travel through the website, you will only receive 0.7 to 1c per point. Amex travel portalTransferring your assets to another person can increase their value. Amex’s hotel and airline partners. 

With that, the cash back you earn from the Blue Cash Preferred® Card from American Express can only be redeemed as statement credits. If you’re looking for more flexible redemption options — including being able to directly redeem for travel — then you’re better off with the Amex EveryDay® Preferred Credit Card.

Features and benefits

Benefits of Blue Cash Preferred Cards

The Blue Cash Preferred® Card from American Express doesn’t offer premium perks, but there are a few money-saving benefits worth mentioning. One of the most noteworthy perks is also one of the newest; the Blue Cash Preferred® Card from American Express now gets cardholders a monthly $7 credit when they pay for the Disney Bundle (enrollment required). 

The card also gets you monthly Equinox+ credits**, car rental loss and damage insurance, return protection, purchase protection, extended warranty, and more. The card also gives you access to the Amex Offers** program where you can get cash back or bonus points when you shop at specific retailers and travel brands. 

The Blue Cash Preferred® Card from American Express offers a 0% intro APR for 12 months on purchases and balance transfers from the date of account opening (then a 16.99% – 27.99% Variable APR). This is a great option if you have large purchases that you need to pay off over time or consolidate debt with other high-interest credit card accounts.

Amex Everyday Preferred benefits

Although Amex EveryDay® Preferred Credit Card doesn’t come with lucrative perks, there are some decent lifestyle and shopping benefits (such as return protection, purchase protection, extended warranty, and a ShopRunner membership). The card also offers secondary car rental insurance but does not cover liability. 

The Amex EveryDay® Preferred Credit Card has a 0% intro APR on purchases and balance transfers (made in the first 60 days) for 12 months from the date of account opening (then a 15.99% – 25.99% Variable APR). 

Amex Blue cash Preferred versus Amex Everyday Preferred: The biggest differences

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

Bottom line

Overall, the Blue Cash Preferred® Card from American Express comes out on top. It’s hard to beat its high-earning reward rates — especially considering it earns 6% cash back on US supermarkets (up to spending limits) and streaming services. You can earn up to $360 annually in cash back if you maximize your bonus at US supermarkets. It also gets cardholders helpful perks, like monthly Disney Bundle and Equinox+ credits — but those are only valuable if those are services you use. 

That said, the Amex EveryDay® Preferred Credit Card is great for folks who regularly use and maximize Membership Rewards points. If you’re able to meet the monthly transaction bonus target of 30 transactions per month and unlock the 50% bonus points on purchases, you’ll definitely get a lot of value out of the Amex EveryDay® Preferred Credit Card. 

Another reason to consider the Amex EveryDay® Preferred Credit Card is if you have a decent amount of Amex Rewards points piled up and you’re looking to downgrade from a more expensive Membership Rewards card (such as The Platinum Card® from American Express
Oder American Express® Gold Card
).