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Credit card showdown: Amex EveryDay Preferred vs. Amex Blue Cash Preferred

Sept. 11, 2020
11 min read
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American Express fields a diverse range of rewards credit cards, with options ranging from cash-back cards to premium products with benefits such as airport lounge access and annual travel statement credits. Right in the middle of the pack are the Blue Cash Preferred® Card from American Express and the Amex EveryDay Preferred® Credit Card from American Express.

The first earns cash back of between 1% and 6% on purchases; the second earns Membership Rewards points that you can transfer to 19 airline and three hotel loyalty programs.

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Given their similar annual fees, welcome offers and earning structures, you might be trying to decide between these two cards. The good news is, there’s no wrong choice. You will just need to decide if a cash-back card or one that earns transferable points fits better into your rewards strategy.

Here’s how the two cards compare.

The Amex EveryDay® Preferred Credit Card from American ExpressBlue Cash Preferred® Card from American Express
Annual fee$95$95 (see rates and fees)
Welcome offer15,000 Membership Rewards points after spending $1,000 in three months

0% intro APR on purchases for the first 12 months then variable 12.99% to 22.99%)

 

0% intro APR on purchases for the first 12 months (see rates and fees) (then variable 13.99% to 23.99%) (see rates and fees)

Earning3x at U.S. supermarkets on up to $6,000 per year then 1x

2x at U.S. gas stations

1x everywhere else

50% bonus points every billing period with 30 or more purchases

6% cash back at U.S. supermarkets on up to $6,000 per calendar year, then 1%

6% on select U.S. streaming subscriptions

3% on transit and at U.S. gas stations

1% on everything else

RedemptionsTransfer to over 19 airlines and 3 hotels

Statement credits

 

Cash back for statement credits, gift cards, direct shopping
Other benefitsPurchase protection

Return protection

Extended warranty

Secondary car rental insurance

Amex Offers

ShopRunner

Purchase protection

Return protection

Extended warranty

Secondary car rental insurance

Amex Offers

ShopRunner

The information for The Amex EveryDay® Preferred Credit Card from American Express card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Now for the details on each card and their respective benefits.

Annual fee

Both cards charge the same annual fee, $95 a year. Neither card waives its annual fee for the first year.

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Winner: Tie.

The Blue Cash Preferred offers a simple cash-back formula. (Photo by The Points Guy)

Related: How my mom got her first rewards card after using cash for 50 years

Welcome offer

Now we get to the first major difference between the cards. New Blue Cash Preferred cardholders can earn a $250 statement credit after spending $1,000 in purchases on their new Card within the first 3 months.

Related: The best cash-back cards for 2020

(Photo by Summer Hull / The Points Guy)
(Photo by Summer Hull / The Points Guy)

The current welcome offer for the Amex Everyday Preferred is 15,000 American Express Membership Rewards points after spending $1,000 on eligible purchases within the first three months of account opening. These are full-fledged, transferable Amex Membership Rewards points, which TPG currently values at 2 cents apiece. So we’d peg those bonus points at around $300 in value. However, if you redeem these points for cash back, such as for gift cards, travel, Amazon.com purchases, or simple statement credits, you get between 0.6 cent and 1 cent per point in value. So your best redemption option by far is to transfer them. We’ll get into this more below.

Both cards are offering intro APR offers on purchases for the first 12 months, which can come in handy if you need to carry a balance for a short period of time.

Winner: A bonus of 15,000 Membership Rewards points isn't that large, so you actually might be better off with the Blue Cash Preferred Card’s $250 statement credit.

Related: Credit Card Review: American Express Blue Cash Preferred

Earning

When it comes to cash-back credit cards, the Blue Cash Preferred is a top all-round earner. The card racks up multiple percentage points in numerous categories including:

There are two things to pinpoint about this earning formula. First, it features a wide array of bonus-eligible categories where consumers tend to spend a lot, such as supermarkets and gas, which can really rack up statement credits quickly.

Second, getting 6% back even on a single category is a pretty phenomenal rate of return. You probably won’t see a huge return on your spending for streaming services unless you subscribe to a ton of them, but that grocery bonus could net you $360 cash back if you max it out each year.

Related: The best American Express credit cards for 2020

(Photo by Scott Olson/Getty Images)
Both cards offer bonus earning at U.S. supermarkets. (Photo by Scott Olson/Getty Images)

The Amex EveryDay Preferred offers some pretty attractive bonus opportunities as well. The card accrues 3x Membership Rewards points per dollar on up to $6,000 per year at supermarkets and 2x points per dollar with no cap at gas stations as well as on certain purchases through AmexTravel.com, such as prepaid hotel stays and cruises. It earns 1x per dollar on all other eligible purchases.

Related: A guide to earning transferable points and why they’re so valuable

And, for every billing cycle in which you use your card to make 30 purchases or more, you get a 50% points bonus. That brings your potential earning up to 4.5x per dollar at supermarkets and 3x at gas stations. Since these are full Membership Rewards points, we peg those figures at 6-9.5% return on spending in the bonus categories and 3% back on everyday spending. Nonethtless, how much value you get from your Membership Rewards points will really depend on how you redeem them.

Winner: It’s hard to argue with the Blue Cash Preferred’s simple 6% cash back at U.S. supermarkets (up to $6K per calendar year; then 1%) and 3% back at U.S. gas stations — especially since you have to track your transactions to maximize the Amex EveryDay Preferred Card’s 50% boost after 30 transactions.

Related: Why the Amex Blue Cash Preferred comes out on top during the pandemic

Redemptions

With the Blue Cash Preferred Card, you can redeem your rewards for cash back when your balance is over $25 in one of three ways:

  • Receive a statement credit
  • Redeem for gift cards
  • Shop with your rewards

The best strategy is usually just to redeem for a statement credit since you can buy the gift cards from a retailer with your credit card, earn even more cash back on those purchases, and then redeem your points for those purchases.

Singapore Airlines flight from Newark to Singapore in business. (Photo by Zach Griff/The Points Guy)
Earning Membership Rewards points can open up fantastic awards, such as Singapore Airlines business class. (Photo by Zach Griff/The Points Guy)

With the Amex EveryDay Preferred, you earn American Express Membership Rewards points that you can transfer to dozens of airline and hotel partners:

ProgramRatioTransfer Time
Aer Lingus AerClub1:1Instant
Aeromexico Club Premier1:1.624 Hours
Air Canada Aeroplan1:1Instant
Air France-KLM Flying Blue1:1Instant
Alitalia MilleMiglia1:1Instant
All Nippon Airways Mileage Club1:148 Hours
Avianca LifeMiles1:1Instant
British Airways Executive Club1:1Instant
Cathay Pacific Asia Miles1:148 Hours
Delta SkyMiles1:1Instant
El Al Matmid50:1Instant
Emirates Skywards1:1Instant
Etihad Guest1:1Instant
Hawaiian Airlines HawaiianMiles1:1Instant
Iberia Plus1:148 Hours
JetBlue TrueBlue1.25:1Instant
Singapore KrisFlyer1:1Less than 24 Hours
Virgin Atlantic Flying Club1:1Instant
Choice Privileges1:1Instant
Hilton Honors1:2Instant
Marriott Bonvoy1:1Instant

Related: How to redeem American Express Membership Rewards for maximum value

You can also make direct redemptions of your points sort of like cash back, but this is not usually a great deal. For flights booked through AmexTravel.com, you get a rate of 1 cent apiece, but just 0.7 cents per point for other bookings such as hotels and car rentals. For statement credits against purchases, you only get 0.6 cents per point, and around 0.7 cents per point on Amazon.com purchases.

Winner: Amex EveryDay Preferred. If you’re just looking for cash back, the Blue Cash Preferred is hard to beat. However, for the versatility of being able to transfer your points to 19 airline and three hotel partners, or just book direct through AmexTravel.com, you can’t beat good, old-fashioned Membership Rewards points.

(Photo by The Points Guy)
The Amex EveryDay Preferred is the better option for redemptions because of its lucrative travel rewards. (Photo by The Points Guy)

Related: Credit card review: The Amex EveryDay Preferred Credit Card

Other benefits

Neither of these cards is packed with perks, but there are a few. Both offer secondary car rental insurance, return protection, purchase protection, extended warranty, and Amex Offers discounts as well as free ShopRunner membership. Unfortunately, both also charge foreign transaction fees of 2.7% (see rates & fees for the Blue Cash Preferred).

Winner: Tie.

Bottom line

The Blue Cash Preferred is one of the best cash-back credit cards currently available from any issuer thanks to its 6% and 3% categories and reasonable annual fee. But if you’re looking for a card that earns transferable points and opens up decent bonus-earning opportunities, the Amex EveryDay Preferred might be a better choice. Which card is right for you will come down to how you hope to redeem your points.

Related: Review of the Amex Blue Cash Preferred

Additional reporting by Chris Dong.

For rates and fees of the Blue Cash Preferred® Card from American Express, see here.

Featured image by (Photo by John Gribben for The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023