Chase Freedom vs. American Express Blue Cash Everyday

Both the Chase Freedom card and the Blue Cash Everyday Card from American Express are among the top tier of cash back cards. In this head-to-head matchup, we compare the two cards to help you decide which is the better option–Chase Freedom vs. Blue Cash Everyday Card from American Express.

When it comes to rewards credit cards, many prefer a cash back rewards card over points or miles because of the simplicity. With cash, you can use the rewards anyway you want.

With that in mind, we thought a comparison of two of the most popular cash back cards available was in order: the Chase Freedom card and the Blue Cash Everyday Card from American Express.

Depending on your card usage habits, you might want to consider one of these two cards as your primary rebate earnings card. If you can’t settle on just one card, you could use a combination of them both for full cash back rewards earning potential.

This article will highlight the offers of both cards to help you determine which card you should consider based on your spending habits.

Chase Freedom

The Chase Freedom offers a nice cash back bonus of $150 after you spend $500 on the card within the first 3 months, which makes this one of my favorite cards. Plus, with this card you can earn on every purchase. There are no spending tiers and no caps on the amount you can earn. The card offers 0% on purchases for 15 months and 0% on balance transfers for 15 months.

This card uses rotating categories that earn 5% cash back on up to $1,500 in quarterly purchases. As a result, you must register each quarter for the program in order to earn the 5%. Also, remember rotating categories change each quarter which means you aren’t always earning in the same categories.

Card Details

  • 1% Cash Back: The Chase Freedom offers you a 1% rebate for each $1 of net purchases. You do not earn rebates on balance transfers or cash advances.
  • 5% Cash Back: The Chase Freedom also offers 5% cash back in popular categories like gas, home improvement and department stores. These categories change each quarter, and the 5% cash back is limited each quarter to $1,500 in purchases. After that, additional purchases in the select categories earn 1% cash back.
  • Cash Back Offer: This card gives $$150 cash back after you spend $500 within the first 3 months.

Blue Cash Everyday Card from American Express

I prefer the Blue Cash Everyday Card from American Express because it does not use rotating categories. Instead the categories in which you earn don’t change and that makes earning simple and straightforward.

With each eligible purchase you make you will earn one to three percent of the purchase amount back. Here’s how it works:

  • 3% for purchases at supermarkets (on up to $6,000 in purchases per year, then 1%)
  • 2% for purchases at department stores and for gasoline purchased
  • 1% for all other purchases.

You can redeem reward dollars for statement credits, or additional items like merchandise and gift cards, whenever your available reward dollar balance is $25 or more. The card offers 0% on purchases for 15 months and 0% on balance transfers for 15 months. After that, your APR becomes a variable rate.

In addition, you can earn a $150 bonus when you spend $1000 on the card in the first three months.

Rewards Details

  • 1% Cash Back Offer: You will earn 1% back on all your eligible purchase made to your account.
  • 2% Cash Back Offer: 2% for eligible purchases at department stores and for automobile gasoline purchased at stand-alone gas stations
  • 3% Cash Back: You will receive 3% for eligible purchases at supermarkets (excluding superstores and warehouse clubs) on up to $6,000 spent each year (1% thereafter).

Which Card Is Best For You?

To answer this question we are going to highlight some of the key differences of each card. From there you will be able to determine which card will fit your spending habits the best.

  • Cash Back Offer: As I noted above, I prefer cash back cards without rotating categories. For others, earning 5% cash back on select purchases each quarter is appealing. It comes down to your personal preferences and spending habits. However, rotating category cards are only as good as you make them. Forget to take advantage of the rotating categories each quarter and the card loses its key feature.
  • Cash Back Bonus: Both cards offer a $150 bonus to new card members. There is, however, one notable difference. The Chase Freedom requires you to spend $500 on the card in the first three months to qualify, while the requires a $1000 spend.
  • Introductory Rate: Both cards offers a 0% introductory rate on purchases and balance transfers for 15 months.
  • Rewards: Chase offers 5% in rotating categories and the categories change each quarter. One quarter you could be earning 5% on gas purchases and the next it could be 5% on home purchases. The Amex card always gives 3% on supermarket purchases and 2% on gas purchases. If you spend a great deal at the supermarket or on gasoline you might want a card that always gives back for those purchases.

The American Express Membership Rewards Program–A Complete Guide

American Express Membership Rewards® is a loyalty program that rewards you for using your American Express Card. If you are enrolled, you can earn one point for virtually every US dollar or euro spent. To earn rewards just use your Amex Card for purchases. You can redeem your points for flights, hotels, car hire, charity and merchandise rewards. You can also use your points to pay your annual Card and Membership Rewards® fee.

To help you navigate Amex Membership Rewards, we’ve put together this complete guide. We cover how to earn points, how to use points, and how to enroll in the program.

How to Earn Points?

There are two primary ways to earn Amex Membership points: Signup bonuses and everyday spending.

Signup Bonuses

Amex offers a number of cards with hefty signup bonuses. These offers change frequently, so it’s important to confirm the details with Amex before applying for a card. Here’s a list of the Amex cards currently paying hefty bonuses.

  • American Express Gold Card: Earn 35,000 Membership Rewards Points after you use your new Card to make $2,000 in purchases within the first 3 months.
  • The Platinum Card® from American Express: Earn 60,000 Membership Rewards Points after you use your new Card to make $5,000 in purchases within the first 3 months.
  • American Express Business Gold Card: Earn 35,000 Membership Rewards Points after you use your new Card to make $5,000 in purchases within the first 3 months.

Once enrolled in the program, you will accrue one point in your program account for every dollar charged. Any points accrued in your program account for any given year will be carried forward on the enrollment date anniversary as long as all conditions have been met. One such condition is that you don’t earn your points until a charge is billed to your account and paid. Points are not awarded for the following transactions: dash advances services fees and Interest, express cash charges for dishonored checks, finance charges, travelers cheques, late payment and referral charges, cash advances, foreign exchange.

Once you have earned your points, you have several options (listed below) to redeem your points. There are travel rewards, shopping rewards, and entertainment rewards you can cash your points in for. Points never expire and there is no limit to the number of points you earn.

How to Use Points

  • Travel Rewards: The Membership Rewards Program can work great for people who frequently travel. There are a wide variety of options for redeeming your rewards points whether it be for airline tickets or hotel stays. You also have the option of transferring your Amex reward points into a frequent flier program of your choice or redeem your reward points for an airline ticket certificate. In addition, you can also choose to redeem your points for rental cars.
  • Shopping Rewards: The program has a significant number of retail partners. This allows members to get discounts by shopping at the retailers who are affiliated with Amex. These retailers includes categories like apparel, electronics, beauty, sports and more. You can choose to redeem your reward points for gifts or gift certificates from many of the retailers. The program offers incentives for shopping with the featured retailers. From time to time, American Express will offer enrollees the opportunity to accrue extra Points for charges made at particular merchants which accept American Express Cards or during a specific period of time or in connection with offers and marketing initiatives performed with participating merchants and/or companies of the American Express Group.
  • Entertainment Rewards: The entertainment rewards the program offers are one of a kind. There are seven different categories under entertainment for American Express Membership Rewards Program. One such category is the ‘Experience Category’ which allows you the option to redeem your reward points for some of the coolest experiences. You can choose between various options including a day trip to Wonderland in Canada, or a hot air balloon trip. Even experiences as incredible as a sub-orbital space flight and a zero gravity flight are also available with your points.

How To Enroll

The Membership Rewards program is a built-in feature of most American Express® Cards — you may already be enrolled. If your Card is not enrolled, log in to your account, select the “Points Summary” link, and then the enroll button.