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Even in challenging economic times, the credit card industry remains intensely competitive. So much so that you can still earn very generous welcome bonuses, even for cards with no annual fee. The best offers include cash back rewards for hundred dollars or even over $1,000, and sometimes even valuable promotional financing.
A perfect example of this kind of card is the Blue Cash Everyday® from American Express. It has an especially good cash back offer for purchases at Amazon — which is perfect timing because Prime Day is coming soon, and Black Friday and the rest of the holiday season follow.
American Express Blue Cash Everyday® Card: Key Terms
- Welcome Bonus: Earn a $100 statement credit after spending $2,000 within six months of account opening. Also, earn 20% back on all of your Amazon purchases within the first six months of account opening, for up to $150 back.
- Rewards: Earn 3% cash back at U.S. supermarkets, on up to $6,000 spent each year, 2% back at U.S. gas stations and select U.S. department stores and 1% back on all other purchases.
- Annual Fee: None.
- APR: 15 months of 0% introductory APR financing on new purchases (then the standard APR of 13.99% - 23.99% Variable applies).
- See Rates & Fees.
- Terms apply*
How the Blue Cash Everyday® Card Works
This Amex card offers two different welcome bonuses. The more traditional one is a $100 statement credit after spending $2,000 within six months of account opening. At the same time, this card offers you a more unusual bonus for purchases you make from Amazon.com. You can earn 20% back on Amazon.com purchases made within six months of account opening (up to $150 back). Both of these offers combine for up to $250 in value.
This card also features very competitive cash back rewards for a no-fee card. You earn 3% cash back at U.S. supermarkets, on up to $6,000 spent each year and 2% back at U.S. gas stations. You also receive 2% cash back at select U.S department stores: Bealls, Belk, Bloomingdale's, Bon Ton Stores, Boscov's, Century 21, Dillard's, J.C. Penney, Kohl's, Lord & Taylor, Macy's, Neiman Marcus, Nordstrom, Saks Fifth Avenue, Sears, and Stein Mart. Finally, you earn 1% back on all other purchases.
You also receive 15 months of interest free financing on new purchases, and this card has no annual fee.
For a card with no annual fee, the Blue Cash Everyday offers strong rewards at US supermarkets, and decent returns at U.S. gas stations and major U.S. department stores. But the welcome bonuses available now are truly exceptional for a card like this.
This is a card for those who buy their food at supermarkets, as it doesn't offer any bonus for restaurants or takeout and delivery options. It also has few shopping benefits like purchase protection or extended warranty coverage.
Alternatives: Cash Back Cards With Good Welcome Offers
Blue Cash Preferred® from American Express. This obvious alternative could be considered the premium version of the Blue Cash Everyday. The Blue Cash Preferred offers a whopping 6% cash back at U.S. supermarkets (on up to $6,000 spent each year) and unlimited 6% back on purchases of select U.S. streaming services. You get 3% cash back at U.S. gas stations and on transit purchases, plus 1% back on other purchases. And while you can earn $150 cash back after making $3,000 in purchases within six months of account opening, it does offer $0 annual fee the first year, then $95 after. See Rates & Fees. Terms apply*
Capital One Savor One. Here's another no-fee card that offers a good welcome bonus and strong rewards. Earn $200 cash bonus after spending $500 on new purchases within three months of account opening. You also receive 3% cash back on dining, entertainment, on popular streaming services and at grocery stores, and 1% on all other purchases.
U.S. Bank Altitude® Go Visa Signature® Card. This no-fee card offers 20,000 bonus points, worth $200 when you spend $1,000 within 90 days of account opening. You earn 4x points on dining (including takeout and delivery) and 2% for purchases from grocery stores, streaming services and gas stations. There's no annual fee for this card.
The American Express Everyday card lives up to its name by offering strong rewards on your most common purchases. But you won't find this big of a welcome bonus every day — it's special. Consider these strengths and look at the alternatives to decide if it makes sense for your needs.