American Express Blue Cash Everyday & Preferred 2021 | The Most Underrated Credit Card

TL;DR

The Blue Cash Everyday and Blue Cash Preferred cards by American Express are highly underrated and undervalued, offering a range of cash back benefits for everyday spending.

Transcript

so in this video we're gonna be going over what i consider to be the most underrated credit card by american express now look just like many people watching this video i would consider myself the gold and platinum enthusiast of the credit card community these cards have been my daily drivers for the past few years and i absolutely love them i never... Read More

Key Insights

• 💳 The Blue Cash Everyday and Blue Cash Preferred cards are highly underrated in the credit card industry.
• 💳 The cash back rewards on these cards, particularly for groceries and streaming services, make them valuable additions to a credit card lineup.
• 🤱 The annual fees for these cards can be justified if the cash back and benefits outweigh the cost.
• 🫢 The Blue Cash Preferred card is especially suitable for individuals with higher spending in categories like groceries and gas.
• 🤱 These cards offer a clear downgrade path if the annual fee becomes a concern in the future.
• 🤘 The welcome bonuses associated with these cards provide additional value upon sign-up.
• 🥅 Regular analysis of spending habits is necessary to determine if these cards align with one's financial needs and goals.

Questions & Answers

Q: How do the Blue Cash Everyday and Blue Cash Preferred cards differ?

The main difference lies in the annual fee, with the Blue Cash Preferred card offering higher cash back rewards but requiring a $95 annual fee. Additionally, the Preferred card offers 6% back at US supermarkets, while the Everyday card offers 3% back.

Q: Are the annual fees worth it for these cards?

The annual fees can be justified if you are able to earn a positive return on your spending. Considering the cash back rewards, welcome bonuses, and benefits, the annual fee can be easily offset.

Q: What are the cash back categories for these cards?

The Blue Cash Preferred card offers cash back on US supermarkets, streaming services, gas stations, transit expenses, and select US department stores. The Blue Cash Everyday card offers lower cash back rates in these categories.

Q: Are these cards suitable for everyone?

These cards are ideal for individuals who spend heavily on groceries, streaming services, gas, and transit. However, if your spending habits do not align with these categories, the cards may not offer as much value.

Summary & Key Takeaways

• The Blue Cash Everyday and Blue Cash Preferred cards are cash back credit cards, with the latter offering higher benefits but with an annual fee of $95.

• Cash back rewards include 6% at US supermarkets, 3% on streaming services, and 2% at gas stations.

• The cards also offer cash back on transit expenses and select US department stores.