A rose is a rose no matter what you call it, but a cash back credit card is not at all a cash back credit card. They are very different in just about every way: Some are boring and dull, some are way too expensive, and some have sharp thorns hidden in their lush green leaves.
When looking for a cash rebate credit card, there are a few questions you need to ask yourself:
What is the interest rate on purchases?
- Are there any deals for new customers?
- How much does it cost each year?
What is the rate for transferring a balance?
- What rules apply to the cash rebates:
o Is there an obstacle to getting in?
o What's the limit?
o Does it matter where I shop in order to get cash back rewards?
o Will my income go down after I reach a certain point?
- Does the card come with any perks that aren't related to the main purpose?
When you ask these questions, you shouldn't be too surprised if the American Express Blue Cash credit card comes up first or at least in the top group. This credit card company has been working hard to make sure that American Express Blue Cash cardholders get the best of the best and more.
Categories for American Express Blue Cash Reward Points
With the American Express Blue Cash credit card, you can get a lot of cash back. The American Express Blue Cash credit card, like its competitors, has two types of purchases: "Everyday Purchases" and "Other Purchases." Everyday Purchases include things you buy at grocery stores, gas stations, and drugstores with your American Express Blue Cash credit card. The "Other Purchases" section covers almost everything else.
Unlike many of its competitors, the American Express Blue Cash credit card offers cash rebates in both of these purchase categories: When you use your American Express Blue Cash credit card for "Everyday Purchases," you can get up to 5% extra cash back. For "Other Purchases," you can get up to 1.5% extra cash back per transaction. There is no minimum amount of money you have to spend, and there is no maximum amount of money you can make. You start making money right away, even when you pay bills. The only thing that isn't included is cash and anything related to cash.
The structure of the American Express Blue Cash Reward
The Blue Cash rebate from American Express is calculated once a year. If you spend $6,500 or less per year, your rates will be 1 percent for Everyday Purchases and 0.5 percent for Other Purchases. If you spend more than $6,500 a year, your rebate for Everyday Purchases will be 5% and your rebate for Other Purchases will be 1.5%.
In short, here are the most important features of American Express Blue Cash
- There is no annual fee for the American Express Blue Cash card. It has a 0% APR on purchases for the first 6 months, a 13.24% APR on purchases after that, and a 4.994% APR on balance transfers for as long as the balance is on your American Express Blue Cash credit card.
- If you have an American Express Blue Cash credit card, you can take advantage of special travel deals, discounts on a wide range of branded goods, insurance, fraud protection, the 24/7 Global Assist programme, and Buyer's protection, among other things.
