The Blue Cash American Express credit card is one of the most exciting cards to come out of the American Express credit card line up. It combines many of the traditional AmEx benefits with benefits typical of other credit cards. For those with excellent credit who know how to wisely use their credit card, this card can be a perfect choice. Read this American Express Blue Cash review and then either apply for the Blue Cash credit card using the button above or use our free tool one our home page to compare credit cards of all types!
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The Advantages of the Blue Cash American Express Credit Card
The Blue Cash American Express credit card offers practically all the most desired benefits of any credit card out there. The cash back rewards program, that is the most touted feature of this card, means that you earn money back on almost all your purchases. Some of your most common purchases like gas, grocery stores and drugstores will earn you up to 5%, and your other purchases earn up to 1.25%. Even automatic bill payments can earn you cash back. The amount you can earn is unlimited and shows up as an automatic credit on your account yearly. AmEx Blue Cash credit card is in the top tier of cash back credit card offers.
Many credit cards that offer rewards programs also have a yearly membership fee to offset the cost. However, this is not the case with the Blue Cash American Express credit card. It has no annual fee. You can also add other people to your account for no cost to help increase your cash back rewards.
The Blue Cash American Express credit card gives you an extended warranty of up to one additional year on items that have an in-store warranty of 5 years or less. It also has a great refund option for items under certain circumstances, including breakage when the store won’t take it back. As with practically all credit cards, you have fraud protection with this card.
Another of the benefits from the Blue Cash American Express credit card is automatic travel protection. It includes car rental insurance, travel accident insurance, easy access to cash and travelers checks in the local currency and even special rates on many travel expenses. You can also get tickets and benefits for special events using your Blue Cash American Express credit card that other credit card holders cannot.
The Limitations of the Blue Cash American Express Credit Card
As is typical of many credit cards, especially those with benefits such as no annual fees and a rewards program, you must have excellent credit in order to be approved for this credit card. This greatly reduces how many people are eligible for the card. While this is a limitation for those who are ineligible for the card, it is a benefit for cardholders because it means fewer cardholders default on their bills and the issuer can maintain the excellent benefits that come with the Blue Cash American Express credit card.
One other drawback to the Blue Cash American Express credit card is the high interest rate. Its lowest rate is prime plus 13.99%. While this is rather high, the good side is that it kicks in only 6 months after the initial purchase. Wise credit card users can avoid incurring interest charges easily with this card.
Balance transfers are not the specialty of the Blue Cash American Express credit card. Interest starts to accumulate immediately with this credit card, while with many other credit cards, balance transfers have an interest-free period of 3 to 6 months. Therefore, if you are trying to get all your debt on one card to pay it off most effectively, this is not the best option for you.
What Sets The Blue Cash American Express Credit Card Apart
The combination of the acceptability of the American Express logo, with the repayment options of a traditional credit card makes the Blue Cash American Express credit card a card that stands out from the rest. You even have the luxury of 6 months with no interest charges following your purchase, which is an outstanding benefit to cardholders. So you have lots of time to pay off that balance before the hefty interest rate kicks in. Combined with no annual fees and cash back rewards, these features make the Blue Cash American Express credit card a winner. You truly have increased purchasing power with this credit card when used the right way.
When you are ready to find the perfect credit card to fit your needs, whether it is the Blue Cash American Express credit card or another one, the best place to start is with the credit card chaser. Your options will be presented in clear and concise format, making your choice as easy as possible. Put the credit card chaser to work for you now and get the credit card you need and want.
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