For those with a good credit score, then Blue Cash from American Express is your best bet for a great cash back rewards program. Kiplinger’s personal finance called it the best cash-rebate. Here’s how the rebate formula set up. After $6500 in spending, it has unlimited cash back savings with 5% rebate on “everyday purchases” at supermarkets, gas stations, and drugstores. For all other purchases, you may earn up to 1.5% cash back.
As with every American Express credit card, cardholders get buyer’s assurance plan, purchase protection plan, and up to $100,000 in travel accident insurance. There is no annual fee. Six months of 0% APR on purchases is standard for all new cardholders. There is also 4.99% APR fixed rate for balance transfer if you requested balance transfer with the application.
Quick Summary:
- Up to 5% Cash Back with Unlimited
Cash Rewards - Earn unlimited cash back
- 0% Intro APR for 6 months
- Low Balance Transfer rate - 4.99% fixed APR for the
life of the balance - No Annual Fee
For those who plan to maximize their rewards, Blue Cash from American Express is highly recommended.
[…] and groceries; 1% on everything else) as our primary money back card. Some might ask, why not the Blue Cash from Amex that offers 5% cash back? Well, the answer is that we don’t use credit cards enough and Blue […]