Blue Cash Everyday Card Cardmember Agreement

The Blue Cash Everyday Card Cardmember Agreement filing quotes margins over Prime instead of finished rates. What that leaves knowable — and what it does not — is the subject of this analysis.

What this filing discloses

American Express National Bank filed this agreement for Blue Cash Everyday Card Cardmember Agreement with the Consumer Financial Protection Bureau. It is issued on the Amex network and the filing runs 12 pages.

On the record here: a penalty rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a purchase rate, a cash advance rate and a balance transfer rate.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

A margin over Prime, not a rate

What this agreement discloses is a set of margins added to the Prime Rate. Until Prime is supplied, none of these figures is an APR, and this page will not treat them as one.

The filing's margin figures come to 26.74 points for penalty pricing.

This structure makes the card impossible to price from the filing in isolation — and deliberately so. The rate is whatever Prime is when the statement closes, plus the margin above.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

Default pricing

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

What the card costs before you borrow

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater.

A balance transfer costs $5 or 3% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. On $3,000 that fee is about $90 before any interest is charged.

Spending abroad costs an extra 2.7% — about $81 on $3,000 of purchases, independent of interest.

That is at the high end of this corpus — around the 83rd percentile of disclosed foreign transaction fees.

How it sits in the issuer's own range

American Express National Bank has 25 agreements indexed on this site.

5 of the issuer's other 24 disclosing filings are likewise fee-free.

What you cannot learn from the filing

Absent from the captured terms: a purchase rate. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Go to the source

Everything here is a reading of the filed agreement, 12 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The honest summary is that this filing discloses a structure rather than a price. The margins are real and comparable to each other; the cost of borrowing is whatever Prime makes it.