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"Comparisons and secure applications of the best credit card offers online." |
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Additional Details, Terms and Conditions | |
| Category | Reward - Cash |
|---|---|
| Status | Standard |
| Introductory Percentage Rate | 0.00 |
| Introductory Time Period | 12.00 |
| Intro Applies To | Purchases |
| Intro Details | A 4.99% introductory rate is available on balance transfers for the life of the loan if a transfer is submitted during the application process. |
| APR for Purchases | 8.990 |
| Purchase Rate Type | Variable |
| Minimum APR on Purchases | No |
| APR for Cash Advances | 19.990 |
| Cash Advance Rate Type | Variable |
| Minimum APR on Cash Advances | No |
| Finance Charge Calculation | Average Daily Balance (including new purchases) |
| Annual Fee | $0 |
| Additional Annual Fees | $0 |
| Annual Fee Detail | None |
| Grace Period | 20 Days |
| Late Payment Fee | $19 on balances up to $400 and $38 on balances of $400 and over |
| Over Limit Fee | $35 |
| Cash Advance Fee | 3%, $5 minimum for Express Cash transactions |
| Balance Transfer Fee | 3% of each balance transfer associated with this offer ($5 minimum/$99 maximum per transfer). However, future balance transfers may incur a fee as disclosed at the time of the applicable offer or transaction. |
| Minimum Balance Transfer | See Important Notations |
| Maximum Balance Transfer | See Important Notations |
| Type of Reward | Rebate |
| Optional Reward | No |
| Rebate Minimum | .5% |
| Rebate Maximum | 5% |
| Additional Rebates | General purchases earn up to a 1.5% rebate; "Everyday Purchases" made at drugstores, gas stations, and supermarkets earn up to a 5% rebate. |
| Rebate Details | General purchases earn a .5% rebate up to $6,500, and 1.5% over $6,500; "Everyday Purchases" earn a 1% rebate up to $6,500, and 5% over $6,500. |
| Expiration | None |
| Yearly Limit | None |
| Bonus Approval | None |
| Bonus First Purchase | None |
| Bonus Balance Transfers | None |
| Bonus Annual | None |
| Bonus Other | None |
| Bonus Details | None |
| Additional Perks | Various Internet account related services. Year-end financial statement. Built-in ExpressPay feature to make purchases without having to swipe the card. No liability for unauthorized Internet transactions. Return protection. Purchase protection. Extended warranty for purchases. Auto rental insurance. Emergency card replacement. Trip planning assistance. Medical referral services. Legal referral services. Up to $100,000 in travel accident insurance. Guaranteed hotel and motel reservations. Various travel and emergency assistance services. See website for additional benefits. |
| Notations | No pre-set spending limit - purchases are approved based on credit record, account history, and personal resources. Card is currently unavailable to residents of Puerto Rico. The APR for purchases and balance transfers varies according to the applicant's credit history and may range from 8.99% to 14.99%. See website for complete terms and conditions of card usage and application disclosure. |
| Features / Benefits: | Earn Up to 5% Cash Back on Everyday Purchases - Even Gas! |
| 1 | No Annual Fee |
| 2 | 0% APR for Up to 12 Months on Purchases |
| 3 | Low Balance Transfer Rate - 4.99% Fixed APR for the Life of the Balance |
| 4 | Express Approval. Get a Decision in Less Than 60 Seconds |
| Rating | 4.50 |
| Benefit Rating | 3.50 |
| Best Feature | Up to 5% cash back reward; no annual fee; 0% introductory rate. |
| Worst Feature | Cash back rewards are earned for purchases only. |
| Review | 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 offered by this card, which Kiplinger's Personal Finance* named as the "best cash-rebate card." Cardholders get unlimited cash back savings on eligible purchases with the card. 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 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 reasonably low 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 twelve 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. *Notations to the Best Cash-Rebate Card appeared in the November 2006 edition of Kiplinger's Personal Finance. Based upon Kiplinger's Personal Finance assumptions of how their readers would use rebate cards. © 2006 The Kiplinger Washington Editors, Inc. |
| Date of Data Update | 2008-08-19 00:00:00 |
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