Post image for American Express Blue Cash Gets Better

American Express Blue Cash Gets Better

by on October 25, 2010

The American Express Blue Cash card 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 highlighted this as our main complaint in our American Express Blue Cash Review a few months back. 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.

One note of caution though – if you live in a city and eat out most of the time, you’re probably better off with a Citi Forward card, because it gives you 5% back on dining.

(click the image below to see it blown up)

Blue Cash Everyday® Card from American Express
American Express Blue Cash Everyday Credit Card
Apply Now

on American Express's
secure website

starstarstarstarhalfstar
  • Get 50 Reward Dollars, redeemable for a $50 statement credit, after you make $1,000 in purchases with your new Card in the first three months.
  • Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period.
  • As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items.
  • Earn Cash Back: 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on 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 Restrictions Apply.
thumbsupPros
  • No annual fee
  • 0% for 15 mos on transfers
Annual Fee Signup Bonus APR , Variable* APR Promotions
$0 Get 50 Reward Dollars, redeemable for a $50 statement credit, after you make $1,000 in purchases with your new Card in the first three months. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. 12.99% - 21.99% Variable 0% on Purchases for 15 months; 0% on Balance Transfers for 15 months

Blue Cash Preferred® Card from American Express
American Express Blue Cash Preferred Credit Card
Apply Now

on American Express's
secure website

starstarstarstarstar
  • Get 100 Reward Dollars, redeemable for a $100 statement credit, after you make $1,000 in purchases with your new Card in the first three months.
  • Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period.
  • As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items.
  • 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 Restrictions Apply.
thumbsupPros
  • 0% for 15 mos on transfers
thumbsdownCons
  • Has annual fee
Annual Fee Signup Bonus APR , Variable* APR Promotions
$75 Get 100 Reward Dollars, redeemable for a $100 statement credit, after you make $1,000 in purchases with your new Card in the first three months. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. 12.99% - 21.99% Variable 0% on Purchases for 15 months; 0% on Balance Transfers for 15 months

We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet's official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.
  • 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.