Amex EveryDay Preferred Card Vs. Blue Cash Preferred Card — Which Is Better?

In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out my advertiser policy for further details about our partners, including American Express, Chase, and Citi, and thanks for your support!

Reader Hello asked the following question on a recent post:

Would anyone have advice on how to decide between this card (AMEX EveryDay Preferred) and the AMEX Blue Cash Preferred?

It’s a great question. The Amex EveryDay® Preferred Credit Card from American Express is one of the cards I most use for everyday spend, while the Blue Cash Preferred® Card from American Express has an increased sign-up bonus, and is one of Amex’s most compelling cashback cards.

Both cards have a $95 annual fee, so which card offers a more compelling return on spend?

Amex EveryDay Preferred Card

The EveryDay Preferred Card offers:

  • 3x points at U.S. supermarkets, on up to $6,000 of purchases per year
  • 2x points at U.S. gas stations
  • A 50% points bonus when you use your card 30 or more times per billing period, less returns and credits

That 50% bonus applies even to the bonus categories. Assuming you make at least 30 transactions per billing cycle, that means you’re earning:

  • 4.5x points at U.S. supermarkets, on up to $6,000 of purchases per year
  • 3x points at U.S. gas stations
  • 1.5x points on non-bonused spend

Amex Blue Cash Preferred Card

The Blue Cash Preferred Card offers:

  • 6% cash back at U.S. supermarkets, on up to $6,000 of purchases per year
  • 3% cash back at U.S. gas stations and at select major department stores
  • 1% cash back on other purchases

So… which is better?

What makes the EveryDay Preferred Card unique is that you need to make 30 transactions per billing cycle to unlock the most rewarding return. If you can make 30 transactions per billing cycle, you’re earning 50% more points. So let’s compare the return on the cards for those who can’t make 30 transactions per billing cycle, and those who can.

For context, I should mention that I value Amex Membership Rewards points (earned on the EveryDay Preferred) at roughly 1.7 cents each. Everyone values them differently, so plug your numbers in to decide which is better for you.

Assuming you make at least 30 transactions per billing cycle, the spend compares as follows:

  • Supermarkets: 7.65% on the EveryDay Preferred, 6% on the Blue Cash Preferred
  • Gas stations: 5.1% on the EveryDay Preferred, 3% on the Blue Cash Preferred
  • Select major department stores: 2.55% on the EveryDay Preferred, 3% on the Blue Cash Preferred
  • Other purchases: 2.55% on the EveryDay Preferred, 1% on the Blue Cash Preferred

Meanwhile assuming you don’t make 30 transactions per billing cycle:

  • Supermarkets: 5.1% on the EveryDay Preferred, 6% on the Blue Cash Preferred
  • Gas stations: 3.4% on the EveryDay Preferred, 3% on the Blue Cash Preferred
  • Select major department stores: 1.7% on the EveryDay Preferred, 3% on the Blue Cash Preferred
  • Other purchases: 1.7% on the EveryDay Preferred, 1% on the Blue Cash Preferred

Groceries-7

Bottom line

Based on my valuation of Membership Rewards points, the return is significantly better on the EveryDay Preferred Card than the Blue Cash Preferred Card. The only exception is for spend at supermarkets if you don’t make at least 30 transactions per billing cycle on the EveryDay Preferred, and for spend at select major department stores, where the Blue Cash Preferred has a bonus category, while the EveryDay Preferred doesn’t.

However, I think a lot of people (especially those with big families) will find value in both cards. Both cards’ supermarket bonus categories are capped at $6,000 of spend per year, and I know a lot of people spend more than that at supermarkets. So for many there’s value in having both cards, so you can maximize both categories. 4.5x points or 6% cashback is a huge bonus.

Of course another consideration is whether you generally prefer points or cashback. While I have my valuation of points, I know a lot of people have a strong preference for cash rewards.

About lucky

Ben Schlappig (aka Lucky) is a travel consultant, blogger, and avid points collector. He travels about 400,000 miles a year, primarily using miles and points to fund his first class experiences. He chronicles his adventures, along with industry news, here at One Mile At A Time.

More articles by lucky »

Regarding Comments: Neither this post, nor the comments, are provided by the Issuing bank, or any other advertiser. The comments on this page are not endorsed by any advertiser, and it is not the bank or advertiser's responsibility to ensure posts and/or questions are answered.

Comments

  1. AMEX should follow Chase, and allow MR rewards points pool together with the Cash Back cards. What I envy of Chase is that you can get more points with the Freedom cards, and decide to get a better value by transferring them to partners, or get 1c per point cash back. Amex is not as flexible, and most of their categories overlap

  2. What “select major department stores” get a bonus category with Amex EveryDay Preferred? I wasn’t aware of this category (if I’m reading correctly).

  3. @Ben F. I don’t think Ben said that you get a bonus category at department stores with the EDP. That’s for the Blue. The comps are at the standard earning rates per Ben’s valuations.

  4. yes there is a few stores like macys bells etc, also one thing to add is that supermarket category works at total wine and bevmo from experience.

  5. Wait, amex has a card that gives cashback and one that gives MR? so confusing. Especially since chase calls Freedom/FU “cash back” even though you’re really earning UR.

Leave a Reply

Your email address will not be published. Required fields are marked *