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Battle of the Cash-Back Titans: American Express vs Chase – Which Offers the Best Value?

Cash-back credit cards are a popular choice for many consumers as they offer a simple and straightforward way to earn rewards. Two major players in the cash-back credit card game are American Express and Chase.

In this article, we will compare the cash-back credit cards offered by these two companies and discuss their features, benefits, and drawbacks. We will also explore the welcome offers available for these cards and determine which one offers the best value for consumers.

So, let’s dive in and discover the world of cash-back credit cards.

Comparison of Amex and Chase Cash-Back Credit Cards

American Express Cash Back Cards

American Express offers a range of cash-back credit cards that cater to different needs and spending habits. Let’s take a closer look at some of the most popular ones:

1.

American Express Cash Magnet Card: This card offers unlimited 1.5% cash back on all purchases, making it a great option for those who want a simple and hassle-free cash-back experience. It also comes with a welcome offer of a $150 statement credit after spending $1,000 in the first three months.

2. Blue Cash Preferred Card from American Express: This card is designed for those who spend a significant amount on groceries and streaming services.

It offers 6% cash back on U.S. supermarket purchases (up to $6,000 per year), 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations and on transit, and 1% cash back on all other purchases. The welcome offer for this card is a $250 statement credit after spending $1,000 in the first three months.

3. Blue Cash Everyday Card from American Express: For those looking for a no annual fee cash-back card, the Blue Cash Everyday Card is a great choice.

It offers 3% cash back at U.S. supermarkets (up to $6,000 per year), 2% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on all other purchases. The welcome offer for this card is a $150 statement credit after spending $1,000 in the first three months.

4. American Express Blue Business Cash Card: This card is designed for small business owners and offers 2% cash back on all eligible purchases up to $50,000 per calendar year.

It also comes with a welcome offer of a $250 statement credit after spending $5,000 in the first six months.

Chase Cash Back Cards

Chase, on the other hand, also offers a range of cash-back credit cards with their own set of features and benefits. Here are some of the most popular ones:

1.

Chase Freedom Unlimited: This card offers unlimited 1.5% cash back on all purchases, making it a simple and easy-to-use cash-back card. It also comes with a welcome offer of a $200 bonus after spending $500 in the first three months.

2. Chase Freedom Flex: The Chase Freedom Flex card offers 5% cash back on rotating quarterly categories, 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on dining, and drugstore purchases, and 1% cash back on all other purchases.

The welcome offer for this card is a $200 bonus after spending $500 in the first three months. 3.

Ink Business Cash Credit Card: This card is designed for small business owners and offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year. It also offers 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, and 1% cash back on all other purchases.

The welcome offer for this card is a $750 bonus cash back after spending $7,500 on purchases in the first three months. 4.

Ink Business Unlimited Credit Card: This card offers unlimited 1.5% cash back on all purchases, making it a simple and straightforward option for business owners. It also comes with a welcome offer of a $750 bonus cash back after spending $7,500 on purchases in the first three months.

Best Welcome Offer for Personal Cards

When it comes to welcome offers, both American Express and Chase provide enticing incentives to attract new cardholders. Let’s compare the welcome offers available for their personal cards:

1.

American Express Blue Cash Preferred Card: This card offers a generous welcome offer of a $250 statement credit after spending $1,000 in the first three months. This is a great deal for those who want to maximize their savings on groceries and streaming services.

2. Chase Freedom Unlimited: The welcome offer for this Chase card is a $200 bonus after spending $500 in the first three months.

While the cashback percentage may not be as high as the Blue Cash Preferred Card, the spending requirement is relatively low, making it easier for cardholders to earn the bonus. 3.

Chase Freedom Flex: Like the Chase Freedom Unlimited, the welcome offer for the Chase Freedom Flex card is a $200 bonus after spending $500 in the first three months. This card offers more flexibility with its rotating quarterly categories, making it suitable for those who want to earn higher cash back in specific spending categories.

In conclusion, both American Express and Chase offer a variety of cash-back credit cards with different features and benefits. American Express has a strong line-up of cards that cater to various spending habits, while Chase provides flexibility with its rotating quarterly categories.

When it comes to welcome offers, the Blue Cash Preferred Card from American Express and the Chase Freedom Unlimited/Chase Freedom Flex cards offer the most enticing incentives. Ultimately, the best cash-back credit card for an individual depends on their personal spending preferences and financial goals.

Most Rewarding Personal Cash-Back Card for Spending

When it comes to maximizing your cash-back rewards, choosing the right credit card with category bonuses can make a significant difference. American Express and Chase both offer personal cash-back cards with category bonuses that can help you earn more rewards on specific types of purchases.

Let’s explore the category bonuses offered by these cards and determine which one is the most rewarding for your spending.

Category Bonuses for Amex Cash Back Cards

1. Blue Cash Preferred Card from American Express:

– 6% Cash Back at U.S. Supermarkets: The Blue Cash Preferred Card offers an impressive 6% cash back on U.S. supermarket purchases, up to $6,000 per year.

This makes it the ideal card for families or individuals who spend a significant amount on groceries. – 6% Cash Back on Select U.S. Streaming Subscriptions: In addition to the supermarket category, this card also offers 6% cash back on select U.S. streaming subscriptions.

This includes popular services like Netflix, Hulu, and Disney+. – 3% Cash Back at U.S. Gas Stations and on Transit: For those who frequently commute by car or use public transportation, the 3% cash back on U.S. gas stations and transit expenses can add up quickly.

– 1% Cash Back on All Other Purchases: While the category bonuses are the highlight of this card, it also offers 1% cash back on all other purchases. 2.

Blue Cash Everyday Card from American Express:

– 3% Cash Back at U.S. Supermarkets: The Blue Cash Everyday Card offers 3% cash back on U.S. supermarket purchases, up to $6,000 per year. While the cash back rate is lower compared to the Preferred version, this card does not have an annual fee.

– 2% Cash Back at U.S. Gas Stations and Select U.S. Department Stores: This card also provides 2% cash back at U.S. gas stations and select U.S. department stores. – 1% Cash Back on All Other Purchases: Similar to the Blue Cash Preferred Card, this card offers 1% cash back on all other purchases.

Category Bonuses for

Chase Cash Back Cards

1. Chase Freedom Unlimited:

– Unlimited 1.5% Cash Back on All Purchases: The Chase Freedom Unlimited card offers a simple and straightforward cash-back structure with unlimited 1.5% cash back on all purchases.

This makes it an excellent option for those who prefer a consistent and easy-to-understand earning rate. – 5% Cash Back on Travel Purchased Through Chase Ultimate Rewards: As an added bonus, this card provides 5% cash back on travel purchases made through Chase Ultimate Rewards.

– 3% Cash Back on Dining and Drugstore Purchases: In addition to the travel category, the Chase Freedom Unlimited offers 3% cash back on dining and drugstore purchases. – 1% Cash Back on All Other Purchases: For purchases outside of the bonus categories, cardholders will earn 1% cash back.

2. Chase Freedom Flex:

– 5% Cash Back on Rotating Quarterly Categories: The Chase Freedom Flex card shines with its rotating quarterly categories that offer 5% cash back.

These categories change every quarter, allowing cardholders to earn bonus rewards in different spending areas throughout the year. – 5% Cash Back on Travel Purchased Through Chase Ultimate Rewards: Similar to the Chase Freedom Unlimited, this card also offers 5% cash back on travel purchases made through Chase Ultimate Rewards.

– 3% Cash Back on Dining and Drugstore Purchases: Additionally, the Chase Freedom Flex provides 3% cash back on dining and drugstore purchases. – 1% Cash Back on All Other Purchases: Like the other cards, non-bonus category purchases earn 1% cash back.

Determining the Most Rewarding Card for Your Spending

When deciding which cash-back card is the most rewarding for your spending, it’s crucial to consider your spending habits and preferences. If you find yourself spending a significant amount on groceries and streaming services, the Blue Cash Preferred Card from American Express may be the best choice, thanks to its generous cash-back rates in these categories.

The annual fee should be considered as well, as it can impact the overall value of the card. For those who prefer flexibility and a simple earning structure, the Chase Freedom Unlimited card is a solid option.

It offers a consistent 1.5% cash back on all purchases, making it ideal for individuals who don’t want to worry about rotating categories. The 5% cash back on travel purchased through Chase Ultimate Rewards is an attractive bonus that can further boost your rewards.

If you enjoy optimizing your rewards and don’t mind tracking the quarterly categories, the Chase Freedom Flex card offers a dynamic earning experience. The 5% cash back on rotating quarterly categories can lead to high rewards in specific spending areas during those periods.

Combined with the 5% cash back on travel purchased through Chase Ultimate Rewards, this card can be highly rewarding when utilized effectively. Ultimately, the most rewarding personal cash-back card for your spending will depend on your individual needs and habits.

Consider your spending patterns, the specific category bonuses, and any potential annual fees to make an informed decision that aligns with your financial goals.

Most Rewarding Business Cash-Back Card for Spending

Business owners also have the opportunity to earn significant cash-back rewards through their expenses. Both American Express and Chase offer cash-back cards designed specifically for business use.

Let’s explore the category bonuses offered by these cards and determine which one is the most rewarding for your business spending. 1.

American Express Blue Business Cash Card:

The American Express Blue Business Cash Card provides a straightforward and rewarding cash-back structure for business spending. Here are the highlights:

– 2% Cash Back on All Eligible Purchases: The Blue Business Cash Card offers a flat 2% cash back on all eligible purchases, up to $50,000 per calendar year.

This means that regardless of the category, you will earn a consistent cash-back rate on all your business expenses. – No Annual Fee: Unlike some other business cards, the Blue Business Cash Card does not charge an annual fee.

This can be a significant benefit for business owners looking to maximize their rewards without incurring extra costs. – Employee Cards at No Additional Cost: The Blue Business Cash Card allows you to provide employee cards at no additional cost, making it convenient for managing business expenses and earning cash back on your employees’ purchases.

2. Chase Ink Business Cash Card:

The Chase Ink Business Cash Card is another great option for business owners who want to earn cash back on their spending.

Here’s what this card has to offer:

– 5% Cash Back on the First $25,000 in Combined Purchases: This card provides 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year. This category can be particularly beneficial for businesses that rely heavily on office supplies or online services.

– 2% Cash Back on the First $25,000 in Combined Purchases: In addition to the 5% category, the Ink Business Cash Card offers 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. This can be advantageous for businesses that frequently incur expenses in these categories.

– 1% Cash Back on All Other Purchases: For all other business expenses, you will earn 1% cash back. – Welcome Offer: The Ink Business Cash Card currently has a generous welcome offer of a $750 bonus cash back after spending $7,500 on purchases in the first three months.

This can be a significant boost to your rewards earnings in the initial months of card membership.

Determining the Most Rewarding Business Card for Your Spending

When it comes to choosing the most rewarding cash-back card for your business spending, it’s essential to consider your specific needs and expenses. The American Express Blue Business Cash Card offers a simple and attractive 2% cash back on all eligible purchases, with no annual fee.

This can be a great option for business owners who prioritize a consistent cash-back rate and want to avoid additional costs. If your business frequently spends in categories like office supplies, internet services, or restaurants, the Chase Ink Business Cash Card may be a more rewarding choice.

The 5% cash back on office supply stores and internet, cable, and phone services can provide substantial savings if your business relies heavily on these categories. The 2% cash back on gas stations and restaurants can also be beneficial for businesses with significant expenses in these areas.

Additionally, the welcome offer of a $750 bonus cash back can make this card a compelling option for business owners looking to earn additional rewards. Ultimately, the most rewarding business cash-back card for your spending will depend on your individual business needs and habits.

Consider your specific spending patterns, the category bonuses offered, and any potential annual fees to make an informed decision that maximizes your cash-back rewards.

Recurring Card Perks

In addition to earning cash back on your everyday purchases, cash-back credit cards often come with a variety of recurring perks and benefits that can enhance your overall card experience. American Express and Chase offer several rewards and benefits to cardholders, ranging from statement credits and shopping perks to refer-a-friend bonuses.

Let’s dive into the details of these recurring card perks and explore how they can add value to your credit card usage.

Statement Credits and Amex Offers

American Express is known for its lucrative statement credits and offers, providing cardholders with opportunities to save money on a wide range of purchases. Here are some key features of American Express statement credits and offers:

– Amex Offers: American Express offers a unique program called Amex Offers, which provides targeted deals and discounts to cardholders.

These offers are available through your online account or the Amex app and can be added to your card for future use. They encompass a variety of categories, including travel, dining, shopping, and more.

By simply using your eligible American Express card to make a qualifying purchase, you can earn statement credits or bonus rewards. – Additional Statement Credits: Beyond the Amex Offers program, American Express often provides cardholders with specific statement credits for various purchases.

These credits can include benefits such as travel statement credits, dining credits, or credits for specific retailers. For example, the American Express Gold Card offers dining credits for select restaurants.

Shopping Benefits and Perks

Both American Express and Chase offer shopping benefits and perks that can enhance your online and in-store shopping experiences. Here are some notable examples:

– ShopRunner: American Express provides its cardholders with complimentary membership to ShopRunner.

ShopRunner is a service that offers free two-day shipping and returns at over 100 online retailers. This benefit can help you save on shipping costs and expedite your online shopping experience.

– DoorDash DashPass: The Chase Sapphire Reserve and Chase Freedom Flex cards come with a complimentary DashPass subscription. DashPass is a subscription program through DoorDash that provides unlimited $0 delivery fees and reduced service fees on eligible orders over $12.

This benefit can be especially useful for those who frequently order food delivery. – Mastercard World Elite Perks: Certain Chase credit cards, such as the Chase Sapphire Preferred Card, offer Mastercard World Elite benefits.

These benefits can include access to exclusive events, luxury hotel benefits, travel discounts, and other premium perks that elevate your overall lifestyle and travel experiences.

Refer-a-Friend Bonuses

Both American Express and Chase offer refer-a-friend programs, allowing cardholders to earn additional rewards by referring others to apply for their credit cards. Here are the key details of these refer-a-friend bonuses:

– American Express Refer-a-Friend: American Express offers a refer-a-friend program that allows cardholders to refer friends and family to apply for select American Express credit cards.

If the referral is approved, both the referrer and the new cardholder can earn bonus rewards, such as cash back or Membership Rewards points, depending on the specific card. It’s a great way to earn extra rewards while sharing the benefits of your preferred American Express card.

– Chase Refer-a-Friend: Chase also has a refer-a-friend program, which allows cardholders to refer others to apply for Chase credit cards. If the referral is successful, both the referrer and the new cardholder can earn bonus rewards, typically in the form of cash back or Ultimate Rewards points.

It’s a win-win situation where you can help others discover the benefits of Chase credit cards while earning rewards for yourself.

Flexible Use of Rewards

When it comes to cash-back credit cards, the flexibility to use your rewards in a way that suits your needs can greatly enhance the overall value of the card. Here are two different approaches to reward redemption for American Express and Chase:

Chase Ultimate Rewards Conversion:

– Chase Sapphire Preferred Card: If you hold the Chase Sapphire Preferred Card, you have the option to transfer your Ultimate Rewards points to participating airline and hotel loyalty programs at a 1:1 ratio.

This flexibility allows you to maximize the value of your points by utilizing various travel partners to book flights and hotel stays. Inability to Convert Amex Cash Back Rewards:

– Membership Rewards: While American Express offers a variety of redemption options for its Membership Rewards points, including travel and merchandise, cash back is not a direct redemption option.

However, cardholders can utilize their Membership Rewards points for statement credits towards eligible purchases, effectively reducing the overall balance owed. Understanding the flexibility and limitations of reward redemption is crucial when choosing the right cash-back credit card for your needs.

If you value the ability to transfer points to travel partners for potentially higher value redemptions, a card like the Chase Sapphire Preferred may be a better fit. However, if you prefer the simplicity of receiving statement credits against eligible purchases, an American Express cash-back card can still provide significant value.

In conclusion, recurring card perks such as statement credits and offers, shopping benefits, and refer-a-friend bonuses can add significant value to your credit card experience. American Express and Chase both provide various benefits and rewards that cater to different spending habits and preferences.

Evaluate your shopping habits, travel needs, and redemption preferences to determine which card’s recurring perks align best with your lifestyle. By choosing the right combination of cash-back rewards and recurring perks, you can maximize the value you receive from your credit card usage.

Final Comparison and

Recommendations

After exploring the various features, benefits, and perks of cash-back credit cards offered by American Express and Chase, it’s time to compare the options and provide recommendations. Let’s consider sign-up bonuses, category bonuses and recurring perks, as well as the overall value and benefits of these cards to determine the most suitable option for different preferences and spending habits.

Sign-up Bonuses

When it comes to sign-up bonuses, Chase’s business cash-back cards stand out. The Ink Business Cash Card offers a generous welcome offer of a $750 bonus cash back after spending $7,500 on purchases in the first three months.

This substantial bonus can provide a significant boost to your rewards right at the start. If you are a business owner looking to earn substantial rewards quickly, this card is a strong contender.

Category Bonuses and Recurring Perks

American Express cash-back cards shine in terms of category bonuses and recurring perks. The Blue Cash Preferred Card offers exceptional cash back rates of 6% on U.S. supermarket purchases (up to $6,000 per year), 6% on select U.S. streaming subscriptions, and 3% on U.S. gas stations and transit.

This card provides substantial cash back for everyday expenses like groceries and streaming services. Additionally, the benefits of Amex Offers and statement credits provide numerous opportunities to save money and earn additional rewards.

The Chase cash-back cards, on the other hand, offer more flexibility with rotating category bonuses. For example, the Chase Freedom Flex card provides 5% cash back on rotating quarterly categories, including popular spending areas such as dining, travel, and more.

These rotating category bonuses can be highly rewarding for those who are willing to track and optimize their spending based on the current categories. Additionally, the complimentary DashPass subscription with the Chase Sapphire Reserve and Chase Freedom Flex cards can be beneficial for frequent food delivery orders.

Overall Value and Benefits

When considering the overall value and benefits of the cards, it’s important to assess your personal spending habits and lifestyle. The American Express cash-back cards, especially the Blue Cash Preferred Card, offer excellent rewards for groceries and streaming services.

If these categories align with your spending patterns, the card’s generous cash back rates can provide significant value. Additionally, the added benefits of Amex Offers and other statement credits enhance the overall card experience.

For those who prefer flexibility and select categories, the rotating category bonuses and versatile redemption options of Chase cash-back cards may be more appealing. The ability to earn 5% cash back on various spending categories each quarter can lead to substantial rewards if optimized effectively.

Moreover, the ability to transfer Chase Ultimate Rewards points to travel partners with the Chase Sapphire Preferred Card adds even more versatility to your rewards.

Recommendations

Based on the key factors discussed, here are some recommendations for different preferences:

1. Best for Business Owners: The Ink Business Cash Card from Chase offers a generous sign-up bonus and category bonuses tailored for business spending.

Its $750 cash back bonus and strong cash back rates on business expenses make it a top choice for entrepreneurs. 2.

Best for Everyday Spending: The Blue Cash Preferred Card from American Express shines in this category with its high cash back rates on U.S. supermarket purchases, streaming subscriptions, and transit expenses. If these are significant expenses for you, this card can provide substantial rewards.

3. Best for Flexibility and Optimization: The Chase Freedom Flex card stands out with its rotating category bonuses, offering 5% cash back on various spending categories each quarter.

If you enjoy tracking and maximizing your rewards in different areas throughout the year, this card is an excellent option. 4.

Best for Versatility and Travel: The Chase Sapphire Preferred Card offers not only strong cash back rates but also the ability to transfer Ultimate Rewards points to travel partners. If you value the flexibility to redeem your rewards for travel and take advantage of partner programs, this card is a top contender.

In conclusion, the choice between American Express and Chase cash-back credit cards depends on your individual spending patterns, preferences, and goals. The Blue Cash Preferred Card from American Express and the Ink Business Cash Card from Chase offer strong category bonuses for specific expenses.

Meanwhile, the flexibility of rotating category bonuses and the versatility of travel rewards make the Chase Freedom Flex and Chase Sapphire Preferred Card attractive options. Assess your spending habits and priorities to determine which card aligns best with your needs and maximize the value of your cash-back rewards.

In this article, we thoroughly compared the cash-back credit cards offered by American Express and Chase, considering factors such as sign-up bonuses, category bonuses, recurring perks, and overall value. American Express excels in category bonuses and recurring perks, particularly with the Blue Cash Preferred Card, offering substantial cash back on groceries and streaming services.

Chase, on the other hand, offers flexibility with rotating category bonuses and attractive sign-up bonuses for their business cards. Ultimately, the best card choice depends on individual spending habits and preferences.

The key takeaway is to carefully assess your spending patterns and priorities to choose a card that aligns with your needs and maximizes cash-back rewards. So, whether you prefer higher cash back in specific categories or flexible redemption options, there is a cash-back card for you.

Choose the right one and start earning rewards on your everyday purchases.

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