American Express Foreign Transaction Fee Blue Cash Everyday

Table of Contents

1. Introduction
2. What is the Blue Cash Everyday Card?
3. American Express Foreign Transaction Fees
4. How to Avoid Foreign Transaction Fees
5. Blue Cash Everyday Benefits
6. Blue Cash Everyday Drawbacks
7. Comparing Blue Cash every day to Other Cards
8. Blue Cash every day Customer Reviews
9. Final Thoughts on Blue Cash Everyday and Foreign Transaction Fees
10. FAQs

1. Introduction

Credit cards are an important tool for many people in today’s world. They offer convenience and the ability to make purchases without carrying cash. However, not all credit cards are created equal. One important consideration when choosing a credit card is foreign transaction fees. These fees can add up quickly and impact the overall cost of using a credit card abroad.

The Blue Cash Everyday card from American Express is a popular option for many people. It offers cash back on purchases and has no annual fee. However, it is important to understand the foreign transaction fees that come with using this card outside of the United States.

2. What is the Blue Cash Everyday Card?

The Blue Cash Everyday card from American Express is a cash-back credit card. It offers 3% cash back on purchases made at US supermarkets (up to $6,000 per year), 2% cash back at US gas stations and selects department stores and 1% cash back on all other purchases. There is no annual fee for this card.

In addition to cash-back rewards, the Blue Cash Everyday card also comes with benefits such as extended warranty protection and car rental loss and damage insurance. Cardholders also have access to Amex Offers, which provide discounts and deals on a variety of products and services.

3. American Express Foreign Transaction Fees

When using the Blue Cash Everyday card outside of the United States, foreign transaction fees may apply. American Express charges a fee of 2.7% of each transaction made in a foreign currency.

For example, if you make a purchase for 100 euros, you will be charged an additional 2.7% fee, bringing the total cost of the purchase to $109.53 (based on an exchange rate of 1 euro = 1.0953 US dollars).

It is important to note that foreign transaction fees apply not only to purchases made in a foreign currency but also to purchases made in US dollars but processed outside of the United States. This can occur when a merchant processes a payment through a foreign bank.

4. How to Avoid Foreign Transaction Fees

While foreign transaction fees may be unavoidable with some credit cards, there are ways to minimize or avoid them when using the Blue Cash Everyday card.

One option is to use a different credit card that does not charge foreign transaction fees. There are many credit cards available that do not charge these fees, including some that offer cash-back rewards or other benefits.

Another option is to use cash or a debit card when traveling abroad. While this may not be as convenient as using a credit card, it can help avoid foreign transaction fees.

5. Blue Cash Everyday Benefits

Despite the foreign transaction fees, the Blue Cash Everyday card offers many benefits to cardholders. In addition to cash-back rewards and access to Amex Offers, the card also comes with extended warranty protection and car rental loss and damage insurance. Cardholders also have access to a 0% introductory APR for the first 15 months of account opening, which can be helpful for those looking to make a large purchase and pay it off over time without accruing interest.

Additionally, the Blue Cash Everyday card has a relatively low minimum credit score requirement, making it accessible to a wide range of individuals. Cardholders also have access to Amex’s customer service and fraud protection, which are highly regarded in the industry.

6. Blue Cash Everyday Drawbacks

While the Blue Cash Everyday card has many benefits, there are also some drawbacks to consider. As previously mentioned, foreign transaction fees can add up quickly and impact the overall cost of using the card abroad.

Another potential drawback is the limited bonus categories for cash-back rewards. While the card offers 3% cash back on purchases made at US supermarkets, it is limited to $6,000 in spending per year. Additionally, the 2% cash back at US gas stations and select department stores may not be as useful for some individuals, depending on their spending habits.

Finally, while the Blue Cash Everyday card offers a 0% introductory APR, the regular APR can be relatively high for those with lower credit scores. This can make carrying a balance on the card expensive over time.

7. Comparing Blue Cash every day to Other Cards

When choosing a credit card, it is important to consider all available options and compare the benefits and drawbacks of each. Some other cash-back credit cards to consider include the Chase Freedom Unlimited and the Citi Double Cash card.

Chase Freedom Unlimited offers 1.5% cash back on all purchases, as well as a 0% introductory APR for the first 15 months. The card also offers a sign-up bonus and access to Chase’s Ultimate Rewards program, which can be valuable for those looking to redeem rewards for travel or other purchases.

The Citi Double Cash card offers 2% cash back on all purchases – 1% when you buy and 1% when you pay. The card has no annual fee and also offers a 0% introductory APR for the first 18 months.

8. Blue Cash Everyday Customer Reviews

Customer reviews of the Blue Cash Everyday card are generally positive. Many customers appreciate the cash-back rewards and the lack of an annual fee. However, some customers have expressed frustration with the foreign transaction fees and the limited bonus categories for cash-back rewards.

Overall, the Blue Cash Everyday card is a solid option for those looking for a cash-back credit card. However, it is important to understand the foreign transaction fees and compare the card to other options to determine if it is the best fit for your spending habits and financial goals.

9. Final Thoughts on Blue Cash Everyday and Foreign Transaction Fees

In conclusion, the Blue Cash Everyday card from American Express offers many benefits, including cash-back rewards, access to Amex Offers, and extended warranty protection. However, it is important to be aware of the foreign transaction fees that come with using a card outside of the United States.

While these fees can add up quickly, there are ways to minimize or avoid them. Consider using a different credit card that does not charge foreign transaction fees or using cash or a debit card when traveling abroad.

Ultimately, the Blue Cash Everyday card is a solid option for those looking for a cash-back credit card. Just be sure to weigh the benefits and drawbacks and consider all available options before making a final decision.

10. FAQs

1. What is the foreign transaction fee for the Blue Cash Everyday card?

• The foreign transaction fee for the Blue Cash Everyday card is 2.7% of each transaction made in a foreign currency.

2. Can you avoid foreign transaction fees with the Blue Cash Everyday card?

3. What are the cash back categories for the Blue Cash Everyday card?

• The Blue Cash Everyday card offers 3% cash back on purchases made at US supermarkets, up to $6,000 in spending per year. It also offers 2% cash back at US gas stations and selects department stores and 1% cash back on all other purchases.

4. Is the Blue Cash Everyday card a good option for travel?

• While the Blue Cash Everyday card offers some travel benefits, such as car rental loss and damage insurance and access to Amex Offers, the foreign transaction fees can make it a less-than-ideal choice for international travel. There are other credit cards available that offer more travel-focused rewards and benefits.

5. What is the minimum credit score requirement for the Blue Cash Everyday card?

• The minimum credit score requirement for the Blue Cash Everyday card is not publicly disclosed, but it is generally considered to be lower than some other Amex cards.

6. Can you earn cash back on purchases made outside of the United States with the Blue Cash Everyday card?

• Yes, you can earn cash back on purchases made outside of the United States with the Blue Cash Everyday card, but you will be charged a foreign transaction fee on those purchases.

Conclusion

The Blue Cash Everyday card from American Express is a popular cash-back credit card that offers many benefits, including cash-back rewards, extended warranty protection, and access to Amex Offers. However, the foreign transaction fees that come with using the card outside of the United States can impact the overall cost of using the card.

Before deciding if the Blue Cash Everyday card is right for you, be sure to compare it to other cash-back credit cards, consider the benefits and drawbacks, and determine if the card aligns with your spending habits and financial goals. And if you do plan on using the card abroad, be sure to factor in the foreign transaction fees and consider alternative payment methods to minimize those fees.