Blue Cash Everyday Credit Card Review 2023 – Eligibility & How to apply, Pros & Cons

Eligibility for blue cash everyday credit card –

The Blue Cash Everyday card from American Express is available to individuals with good to excellent credit scores. The credit score required will vary depending on the individual’s credit history, income, and other factors. American Express typically looks for a score of 700 or higher when approving applications for this card. Additionally, you need to be a legal resident of the United States and be of the age of majority in your state.

You may also need to provide proof of income, such as a pay stub or tax return, to show that you have the means to make payments on the card. American Express also looks at factors such as your credit utilization, payment history, and length of credit history when deciding whether to approve an application.

How to apply for blue cash everyday credit card?

To apply for the Blue Cash Everyday credit card from American Express, you can follow these steps:

1. Visit the American Express website and find the Blue Cash Everyday card in the credit card section.
2. Click on the “Apply Now” button on the card’s webpage.
3. Fill out the online application form with your personal information, such as your name, address, income, and employment information. You will also be asked to provide your Social Security number and birthdate.
4. Review and submit your application.
5. Wait for a decision on your application. American Express will review your information and decide on your eligibility. If approved, you will typically receive your card within 7-10 business days.
6. Once you receive your card, activate it, and sign it back.
7. Read the terms and conditions, including the benefits and fees, and start using your card for purchases.

It’s worth noting that American Express may also ask for additional documentation or information if needed to complete the application process. Furthermore, approval for the card is subject to creditworthiness and other factors like income and credit score, so it’s important to have all your information ready before applying.

Blue cash everyday credit card pros –

The Blue Cash Everyday card from American Express offers several benefits and perks that can be attractive to cardholders. Some of the key pros of this card include the following:

1. Cash back rewards: The card offers cash back rewards on everyday purchases, such as 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 select U.S. department stores, and 1% cash back on other purchases.
2. No annual fee: The card has no annual fee, meaning users don’t need to pay a yearly charge to keep the card active.
3. Sign-up bonus: The card currently offers a $200 statement credit after you spend $1,000 in purchases on your new card in your first 3 months.
4. Purchase protection: The card provides purchase protection, which means that if an item you purchased with the card is stolen or damaged within 90 days of purchase, you may be able to receive a refund or replacement.
5. No foreign transaction fees: The card doesn’t have any foreign transaction fees, making it an excellent travel option.
6. Access to Amex Offers: As an American Express cardholder, you’ll have access to exclusive discounts and deals through the Amex Offers program.
7. Access to American Express Card Member events: As an American Express cardholder, you may have access to exclusive events such as concert pre-sales, dining experiences, and other perks.
8. Amex connects: American Express gives you access to Amex connect, a digital platform that provides real-time support, personalized offers, and account management tools for customers.

Before applying for any credit card, you should always read the cardholder agreement and terms and conditions.

Blue cash everyday credit card cons –

Like any other credit card, the Blue Cash Everyday card from American Express has some downsides to consider before applying. Some of the essential cons of this card include the following:

1. Limited rewards categories: While the card offers cash-back rewards on everyday purchases, the rewards are limited to specific categories, such as U.S. supermarkets, U.S. gas stations, and select U.S. department stores. If you don’t spend a lot in these categories, you may not earn as much cash back as you would with a card that offers more flexible rewards.
2. Rewards cap: The card has a rewards cap for cash back earned at U.S. supermarkets, which is $6,000 per year in purchases, then 1%. This means that you will only earn 3% cash back on the first $6,000 you spend at U.S. supermarkets each year and 1% cash back on any additional spending in that category.
3. Higher interest rate: The card has a variable interest rate, which means the interest rate can change based on market conditions. If you carry a balance on the card, you could pay more interest charges than you earn in rewards.
4. No bonus rewards on travel or dining: The card doesn’t offer bonuses on travel or dining, which may not be ideal if you spend a lot in those categories.
5. No lounge access: The card doesn’t have any lounge access, which some other premium credit card offers.
6. No 0% APR Promotions: The card doesn’t offer any promotional 0% APR period for balance transfers or purchases.
7. Geography Restriction: The card is only available to residents of the United States.

It’s worth noting that these cons may change over time, and terms and conditions may apply. Before applying for any credit card, you should always read the cardholder agreement and terms and conditions.

Featured Image Credit: The Points Guy