American Express Blue Cash

Est Annual Rewards, Net
$338
of Cash
 American Express Blue Cash Credit Card
Reward RateReward DetailsAnnual Fee & PromosAPR, variableIntro APR Promotions
0.50% for first $6,500 /yr then 1.25 % thereafter.
  1. Earn 0.5% on purchases
  1. 1% on Gas & Groceries
  2. After spending $6500 earn 5% on Gas & Groceries and 1.25% on everything else
 Fee:$0
Promo: None 		Min Apr: 17.24%
Max Apr:21.24%
Default: 27.24%
Cash Adv: 25.24% 		Purchase:0% for 6 mos.
Transfer:None
Card Details
  • When you shop with Blue Cash, you can earn up to 5% cash back on every eligible purchase
  • No Annual Fee
  • 0% Intro APR for 6 months on purchases
  • Express Approval. Get a decision in less than 60 seconds
Finance Charge Calculator
Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.
Finance Charge, Balance Transfer*
TypeInterest
Balance Transfer Fee, 3.0%$300
APR, 36 months$6,913
Total$7,213
* calculations assume a balance transfer of $10,000 over 3 years.

Effective Annual Rate for Balance Transfers of 19.8% includes transfer fees and APR promotions. EAR>APR because APR is compounded monthly while EAR is compounded annually.

Effective Annual Rate, Purchases
Promo EAR, 6 months0.00%
Ongoing EAR, 30 months18.67%
Total EAR, 36 months15.33%
APR Rankings
APR 17.24% ranks # 285 out of 313 cards. Average is 13.66%.
Balance Transfer Fee 3% ranks # 46 out of 305 cards. Average is 3%.
Cash Advance APR 25.24% ranks # 262 out of 304 cards. Average is 22.19%.

Rewards Rankings
Annual Fee $0 ranks # 1 out of 322 cards. Average is $19.
Base Reward Rate 0.5% ranks # 215 out of 248 cards. Average is 0.95%.
Effective Reward Rate 1.56% ranks # 11 out of 248 cards. Average is 1.04%.
Sign-up Bonus $0 ranks # 317 out of 317 cards. Average is $35.

Rewards Type: Cash
Signing Promotion
 $0
Estimated Annual Rewards
$21,600 * 1.56% 		$338
Annual Fee, 3 yr avg
 $0
Annual Rewards (Rewards less Fees) $338

NerdWallet's Review

In general, Blue Cash is great for shoppers who spend well in excess of $6,500 per year, due to the incremental jump in reward rates from 1% to 5% on “everyday purchases” as well as the jump from 0.5% to 1.5% on other purchases.

Keep in mind however that Blue Cash only pays rewards once annually, as opposed to most other cards where rewards are redeemable after certain benchmarks are met (for example get a $20 check every 2,000 points), or on a monthly basis.

Blue Cash really begins to shine when the 5% rewards kick in for Gas & Groceries after you reach $6,500 in spending. It doesn’t take much to surpass the 3% back on gas from Chase Ink Business once you start spending over $1,000 a month on the card.

2 Responses to “American Express Blue Cash”

  1. Dave Conrad says:
    February 24, 2010 at 11:23 pm

    Says cash rebate is limited to $65/year. Is this correct? What form are the rest of the rewards in?

  2. Tim says:
    February 25, 2010 at 4:26 pm

    Great catch Dave, that’s clearly wrong. The cash rewards are unlimited!

    We appreciate your help finding errors, let us know if you spot any others!

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