Haven’t you always wanted to be shrimp-rich? How about high-end doggie toys? Or have enough cheesies to ride out any storm? Well, all of these desires can come true while you can earn between 1 and 3 percent cash-back on them, just likely the hilarious Tina Fey. Fey is featured in a series of ads for American Express Blue Cash Everyday® Rewards card showing how you can earn cash-back in some delightfully funny everyday ways.
Earning Cash Back
Although you may not be as indulgent or as quick-witted as Fey, this American Express card will also allow you to enjoy earning money back on your regular purchases. The biggest winner is at the supermarkets. You can earn 3% cash back at certain U.S. supermarkets such as Stop and Shop, Foodtown and Whole Foods. Just like Fey, you can earn 3% on your food bill up to $6,000 annually, after $6000, your earning goes down to 1%. Next up are the gas stations. Earn 2% on your gas station purchases. There’s no limit, but the stations must be on an approved list, such as Gulf and Shell. Purchases at at grocery store gas stations, like Costco don’t make the 2% cut though. The 2% also applies to certain department stores, like J.C. Penny, Sears and Saks Fifth Avenue. For anything else you put on your card, you’ll receive 1% cash-back. With these categories and the range of eligible stores, you’ll easily be able to quickly earn cash-back. Plus, all of these earnings are available for a $0 annual fee.
Spending Your Cash-Back
Once you earn $25 in cash-back, you can start spending it. You put any special item or travel you’re interested in on your Amex card, and you can pay it off using your Cash-Back account. You can apply the cash in increments of 25. There are a couple downsides of the Blue Cash Everyday Cash Back. Unlike some other cash-back systems, you cannot get cash in hand. Cash back is only applicable to purchases on your card. There’s no way to retrieve the money from your account except as credit. In addition, you can’t use this Cash-Back for your Minimum Due payment.
Sign-Up Bonus and Annual Percentage Rate
If you’re signing up for this card for the first time, you can take advantage of their welcome bonus. If you spend $1000 in the first three months of your account approval, you’ll receive 10% back in cash. And you can earn cash-back on purchases made on your card and any additional cards associated with your account. That $100 can be spent on any purchase you make. Perhaps an even better introductory offer is the 0% Annual Percentage Rate (APR) for new purchases. This intro APR is also charged on balance transfers requested within 30 days of opening your account. You could move a balance and pay it off over those first 12 months, which saves you the interest that you would pay elsewhere. The first 12 months are a very inexpensive time to borrow money. After that, the APR will go up to somewhere between 13.24% and 23.24%, depending on your creditworthiness.
American Express is generally a great travel card. The insurances that come with the card are handy, though, with the Blue Cash Everyday card you receive cash-back for everyday purchases, not for those when you’re traveling. Though you may encounter lots of points for shopping at the approved list of retailers during domestic travels, you won’t be earning 2 to 3% cash back on those purchases.
You can use your cash-back for booking trips and cruises through American Express Travel and its partners. You also receive the range of travel benefits and insurances that come along with the card. When renting a vehicle, your AMEX card covers your Loss and Damage insurance. Heaven forbid something happens on the road, but if it does, your card provides a roadside assistance hotline. Call them to organize a boost or a tow, and they’ll coordinate it. If you’re near home, it’s likely not that useful of a service, but when traveling, it can be a huge relief to let someone else take care of all those calls. But remember, you’re responsible for all charges. Worse, imagine if you’re abroad and your passport gets stolen. Or you catch a severe flu and you need to find an English-speaking doctor. The Global Assist Hotline will direct you in your emergency if you’re traveling more than 100 miles from home. You are also responsible for any fees for the services arranged. The card also includes a travel accident insurance, which I hope you will never use.
Shopping with Protection
You can do your shopping with a bit more peace of mind because of the extended warranties and purchase protection. Purchases made on your card with between 1 and 5 year warranties get an automatic additional year of coverage. If that new shiny item gets stolen or damaged within the first three months, you’re also covered. If those new kicks that arrived in the mail don’t fit and the shop wouldn’t allow you to return them, you can get up to $300 back for that mis-sized set under the Return Protection coverage. With the Blue Cash Everyday card, you also get access to ShopRunner, an online store similar to Amazon Prime, but with specific member deals and high-end brands.
The American Express Blue Cash Everyday card is a great option to earn cash-back on those everyday purchases. Since you’ll be buying groceries, gas and clothing anyway, it might as well provide a nice cash-back return to you. Although the cash-back is only eligible for card credit, you card can be used to buy almost anything, so it’s not a huge hindrance. Plus, these earnings are available for no annual fee. The travel and shopping perks are not unique to this particular American Express, but they are nice. The real benefit of this card is the cash-back for no fees and for a great introductory APR. If you use it right, this card will simply pay you back for your everyday spending. As Fey notes with her twenty bags of cheesies, you could be “Living the Dream”.