Blue Cash Credit Card
from American Express
Featured FiDeal
Up to 5% Back and 0% Intro APR
Redeeming credit card airline miles has gotten much tougher. There are fewer seats available and redemption amounts keep rising. On top of that, you actually have to get up and go somewhere. It’s no wonder, then, that cash back credit cards have become favorites among the rewards junkies. And, according to many experts , the American Express Blue Cash card is among the best.
Get Blue Cash for... 5% cash rebates on everyday spending.
But how good are the rewards, really? After spending $6,500 on the card, you will earn 5% cash back at grocery stores, gas stations, and drug stores. For all other purchases, the cash back reward is 1.5%. But you have to endure 1% on everyday items and 0.5% on everything else until you hit $6,500.
The American Express Blue Cash card currently features a 0% introductory APR for 6 months and a 4.99% lifetime APR on balance transfers (not eligible for cash back). But, as with any credit card, watch those monthly payments because carrying a balance or mixing balance transfers with new purchases can turn those rewards upside down.
About Blue Cash Credit Card
| Annual Fee | No Annual Fee |
|---|---|
| Purchase APR | 12.49 % , Variable |
| Balance Transfer APR | 2.99 % |
| Balance Transfer Period | 12 months |
| Introductory APR | 0.00 % |
| Intro Period | Up to 12 months |
| Card Type | Cash Back |
| Cash Back percentage | Up to 5.00 % |
| Grace Period | 20 Days |
The rate information on this page is powered by Informa Research Services, Inc. © 2008, and was last updated 11/20/2008 3:05:15 AM. This information has been obtained from various financial institutions, and Informa Research Services cannot guarantee its accuracy. The information includes financial product data that was in the Informa Research Services database at the time of publication, and may not reflect all of the products available in your region. Before acting on the information shown on this page, contact the financial institution to verify the accuracy of the data. When contacting financial institutions, always mention FiLife.com to ensure you receive the preferred Internet rate. Contact pduncan@informars.com to have your rates included in this chart.
Blue Cash Credit Card Reviews
Staff
Once you unlock the full reward tier for this card (after sufficient annual spending), the rate of return is excellent.
I typically use this in tandem with a MC/Visa rewards card (for places where Amex isn't accepted). There are quite a few that offer comparable reward rates to Blue Cash all year round, but with annual caps.
A word of advice: If possible, pick up a non-tiered reward Visa/Mas…tercard that offers similar rewards to Blue Cash all year round (e.g. 5% on groceries, gas, etc.). Put any non-special spending towards the Blue Cash to unlock its full reward rates, while enjoying 5% on gas/everyday spending with the Visa/MC. Once you clear $6500 in general spending on the Amex, put the Visa/MC in the back of your wallet and enjoy Blue Cash's uncapped rewards thereafter. This works out well, as the difference in rewards for Blue Cash on non-special spending is a mere 1%, while you stand to miss out on 4% for gas/everyday purchases. This works even better if you can plan ahead to make a big purchase or two during the first few months of your annual cycle with Blue Cash (to unlock that full 5% rate ASAP).
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Guru
Blue Cash is best for heavy spenders who can charge large quantities what American Express calls "everyday spending" in a given year. Other cards provide 5% on some of these same categories, but this card is one of the few without a cap.
For spending significant amounts outside these categories, the Citibank Platinum Amex can be a better bet (though unlike that card, the Blue Cash card never …charges an annual fee).
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i first applied for this card because of the attractive 5% cash back. but i came to realize that this isn't actually true unless you spend a certain amount that month to get the 5%. so far, i've gotten very very little cash back, since i split my spendings between this card and another card that i use. the one good thing i'll say about amex is that they have great customer service. other than t…hat, it's just another credit card.
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