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Blue Cash® from American Express® is designed for
those with good or excellent credit who plan to take advantage of the cash back
reward program.
Through the rebate program, cardholders earn a cash award that varies according
to the amount spent per year. General purchases earn up to a 1.5% rebate.
"Everyday Purchases" made at drugstores, gas stations, and U.S. supermarkets
earn up to a 5% rebate.
Aside from the cash rebates, this card provides common benefits and services
commonly found with American Express® credit cards, such as the buyer's
assurance plan, purchase protection plan, and up to $100,000 in travel accident
insurance.
This card has no annual fee and a reasonable interest rate for purchases and
balance transfers (for those who qualify), which makes it ideal for those who
plan to occasionally carry a balance. The card has a 0% introductory rate for
the first six months of membership that can be applied toward purchases. A 4.99%
introductory rate is available on balance transfers for the life of the loan. It
is important to note that the balance transfer introductory rate only applies to
those who initiate a transfer when applying for the card.
Therefore, those who plan to take advantage of the cash back reward program for
"Everyday Purchases" (to earn the highest rebate) and the various standard
services provided will benefit most from what Blue Cash® from American Express®
has to offer.
Review Date: May 1st, 2007 |
