Amex Blue Cash Everyday Credit Limit

The American Express Blue Cash Everyday card is a cash-back rewards credit card that offers a range of benefits to cardholders. While any cardholder can reap the benefits of rewards, individuals may have different credit limits depending on their creditworthiness and income. Like most credit cards, the Amex Blue Cash Everyday credit limit is revolving, meaning that once you've made payments on the balance, you'll have access to that credit again.

Here's what to know about the Amex Blue Cash Everyday card.

Pros and Cons of the Amex Blue Cash Everyday Card

Like any credit card, there are pros and cons to the Amex Blue Cash Everyday card.

Advantages

• No annual fee
• Cash-back rewards
• 0% intro APR for the first 15 months
• Bonus offers

The key advantages of the Amex Blue Cash Everyday card are the high cash-back value and the lack of an annual fee. For a card with no fee, the Blue Cash Everyday card offers surprisingly strong rewards, with 3% cash-back atU.S. supermarkets, U.S. gas stations, and U.S. online retail purchases up to the first $6,000 of annual spending in each category. (After that, the cash-back percentage drops to 1%.) It also offers 1% cash-back on all other purchases.

The Amex Blue Cash Everyday card has several introductory benefits, including a 0% intro APR on purchases and balance transfers for 15 months, and a $200 statement credit after spending $2,000 on your card within the first six months. Some other bonuses you'll get with the card include an $84 Disney Bundle Credit and a $180 Home Chef credit.

Since the card has no preset spending limit, it's a good choice for applicants with a high credit score and income who want to earn rewards without paying an annual fee.

Disadvantages

• Requires a high credit score to qualify
• Cash back limits
• Foreign transaction fees

Despite the advantages, there are a few drawbacks to the Amex Blue Cash Everyday card. One we already mentioned: cash-back rewards drop after a certain amount of annual spending. While $6,000 is a sizable number for each category, it's not unreasonable to think you may spend more than $6,000 on groceries in a year, thereby earning reduced rewards by the end of the year.

Additionally, American Express charges a 2.7% fee on international purchases on this card, making it a poor option as a travel card.

Finally, it's recommended that you have a good to excellent FICO score (670 to 850) to apply for the Amex Blue Cash Everyday card. Although you typically need a good credit score to get the best credit cards, this is a particularly high score for a card with no annual fee.

Comparing the Amex Blue Cash Everyday with Similar Cards

The Amex Blue Cash Everyday card is most commonly compared to two other cards: the Amex Blue Cash Preferred card and the Chase Freedom card.

Amex Blue Cash Preferred

Another American Express card, the Blue Cash Preferred card offers no annual fee for the first year and is then $95 per year after. While the annual fee might be a turnoff for some applicants, the Preferred card offers significantly better perks than the Blue Cash Everyday card, including:

• 6% cash-back at U.S. supermarkets (up to $6,000)
• 6% cash-back on U.S. streaming subscriptions
• 3% cash-back at U.S. gas stations (with no spending limit)
• 3% cash-back on transit

The Preferred card also offers a $250 statement credit after spending $3,000 in the first six months, and an intro offer of 0% APR for the first 12 months.

Chase Freedom

Like the Blue Cash Everyday card, the Chase Freedom card has no annual fee and offers cash back on a variety of purchases. It also offers an intro 0% APR for the first 15 months but has a $200 bonus after just $500 of spending within the first three months.

A key difference between how Chase and Amex do rewards, however, is that Chase offers both fixed and quarterly rewards bonuses that incentivize you to spend in different ways. For instance, Chase Freedom offers the following fixed rewards:

• 5% cash back on travel booked through Chase
• 3% cash back on dining
• 3% cash back on drugstore purchases
• 1% on all other purchases

In addition, you can also earn 5% cash back in quarterly bonus categories on up to $1,500 of spending. Bonus categories change every quarter, and you have to activate them to receive the additional rewards. While this is a nice perk, it makes it much more complicated to maximize the Chase Freedom card's value.

Understanding Credit Limits

Your Amex Blue Cash Everyday credit limit is the maximum amount you may spend on the card before making payments on the balance. The credit limit range depends on a number of factors, and you can typically request a credit limit increase if you've experienced an increase in credit score or income. American Express regularly reviews your financial information and may offer a new credit limit during your membership too.

The average credit limit for Amex Blue Cash Everyday cards is $7,479, but the most common limit is $1,000.

Factors Influencing Credit Limits

Your credit limit is primarily informed by your creditworthiness and your income. Most Blue Cash Everyday cardholders have a credit score in the range of 670 to 850, and those with higher scores are more likely to have higher credit limits. If you only barely meet the minimum credit score for approval, you will need to have a significant verified income to get a high credit limit.

Your credit score is calculated using a number of factors, including payment history, credit utilization, length of credit history, and more. Missed payments, using too much of your available credit without being able to pay it back promptly, and opening many new credit cards can all lower your credit score or credit limit.

Choose the Right Card for You with MoneyAtlas

The American Express Blue Cash Everyday card will allow you to earn cash back while shopping for gas, groceries, and more. It has a range of perks, including a $0 annual fee, but it's not without its drawbacks. To compare cards and find the best options for you, check out MoneyAtlas, a platform for expert comparisons of banking, loans, credit cards, and investments.