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American Express Blue Cash Gets Better

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The Blue Cash Everyday® Card from American Express used to have one non-obvious headache: You get your rewards once a year as a statement credit.

This is a bigger problem than it sound like at first blush, because you’re always stuck with the card for another year after you get your redemption. For example, if you get your annual redemption in January 11, 2011, the rewards for money you spent that month only gets credited to your statement in January 2012. So if you switch to another card, you can either remember to spend $32.15 on the card in 2012, or you can lose the reward. Furthermore, you get rewards on that $32.15, and the problem continues.

We’re happy to announce that American Express has started removing that constraint for some users, and the card is now almost perfect. From here on out, some cardholders will be able to redeem rewards whenever they hit the $25 mark:

  • You can redeem rewards upon request whenever you have accrued 25 rewards dollars or more.
  • You will no longer receive an automatic statement credit once per year.
  • Other redemption options, such as gift cards or merchandise, may also be made available.
  • If your account is inactive for 18 consecutive months, your rewards will be forfeited.

This could turn out to be a great deal if they start to offer this to all new applicants. I’ve managed to earn more than 2% back on the card over the past 6 years thanks to my fuel inefficient car and my voracious appetite for Fritos, and if you’re supporting a suburban family, chances are you’ll do even better given your gas & grocery expenditures.

(click the image below to see it blown up)

American Express Blue Cash Everyday Credit Card

Blue Cash Everyday® Card from American Express

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Apply Now on American Express's secure website

Pros

  • No annual fee
  • 0% for 15 mos on transfers

Sign-up Bonus

Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.

Annual Fee

$0

Intro APR Promotions

0% on purchases and balance transfers for 15 months

APR

  • Min APR: 12.99%, Variable
  • Max APR: 21.99%, Variable
  • Penalty APR: Up to 29.24%, Variable
  • Cash Advance APR: 25.24%, Variable

Card Details

  • Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases, 2% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and restrictions apply.

American Express Blue Cash Preferred Credit Card

Blue Cash Preferred® Card from American Express

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  5. 5 stars
Apply Now on American Express's secure website

Pros

  • 0% for 15 mos on transfers

Cons

  • Has annual fee

Sign-up Bonus

Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.

Annual Fee

$75

Intro APR Promotions

0% on purchases and balance transfers for 15 months

APR

  • Min APR: 12.99%, Variable
  • Max APR: 21.99%, Variable
  • Penalty APR: Up to 29.24%, Variable
  • Cash Advance APR: 25.24%, Variable

Card Details

  • Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and limitations apply.

  • ttt tttt

    This card is crap and another bait and switch by American Express, which once used to be an honorable company. They say 5% back on drug store purchases (once you cross the $6,500 mark and 1% before), but if you buy toothpaste, toiletpaper, potato chips or advil, at a drugstore like CVS, Walgreens, or RiteAid, it doesn't count toward the higher category, only presciptions count toward the bonus. Look at your bill, add it up, or even call AXP and ask them and you'll see that the majority of purchases won't count toward the higher discount.