American Express Blue Card Review 2018

American Express Blue Card Review 2018
Amy Fontinelle
on June 11, 2018
Read in 1 min

The Blue Cash Everyday Card from American Express offers cash back on everyday spending plus a $150 sign-up bonus.

The bonus is easy to earn, too: it requires you to spend just $1,000 on your card within three months of opening your account.

The card also has no annual fee and a 0% introductory APR on both balance transfers and purchases for 15 months.

This rate could mean significant savings — as long as you pay off your balance before the 15 months are up.

Amex Blue Interest Rates and Fees

After the 0% introductory period on purchases and balance transfers expires, the card has a variable APR of 14.49% to 25.49% based on your creditworthiness.

The balance transfer fee is $5 or 3% of the amount transferred, whichever is more, as is the cash advance fee.

If you make a late payment, you may get stuck with a 29.99% penalty APR for at least 6 months, depending on your creditworthiness.

You’ll also incur a late payment fee of up to $38.

This card’s biggest drawback is that it’s not the best option for traveling abroad: it has a 2.7% foreign transaction fee.

That might not sound like much, but if you spend the equivalent of $1,000 USD abroad, you’ll pay $27.00 in fees.

Many cards have no foreign transaction fees.

American Express Blue Card: Ongoing Benefits

This credit card’s ongoing rewards include 3% cash back on up to $6,000 in supermarket purchases per year (then 1% on spending over $6,000), 2% back on gas station and department store purchases, and 1% back on everything else.

You can redeem your cash back as a statement credit or as a gift card.

You can only redeem your rewards in $25 increments and when your cash back balance is at least $25, however.

While we prefer cards with no minimum redemption requirements, $25 is a low hurdle.

The card comes with several additional benefits. Purchase protection covers accidental damage and theft for up to 90 days from the purchase date.

Return protection means American Express will refund an unwanted purchase within 90 days if the merchant won’t.

Extended warranty protection adds one year to the manufacturer’s warranty.

The card also comes with car rental loss and damage insurance, plus travel accident insurance.

American Express Blue Card: The Fine Print

You’ll receive your $150 sign-up bonus within 6 to 8 weeks of meeting the requirements.

American Express reserves the right to take back the bonus if you close your account within less than 12 months of opening it.

To take advantage of the 0% balance transfer offer, you must request the transfer within 60 days of opening your account.

To maintain the introductory interest rate, you must pay at least the minimum amount due within 60 days of each due date.

Balance transfer amounts can’t exceed $7,500 or 75% of your credit limit, whichever is lower.

Overall, the American Express Blue Card is a great one to consider if you’re looking for a new credit card.

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Amy Fontinelle Finance Journalist

Amy Fontinelle is a writer, editor, and personal finance expert.

Her articles have appeared at Investopedia, Bankrate, MassMutual.com, The Simple Dollar, Interest.com, Yahoo, Forbes.com, SFGate.com, Bankaholic, Mortgage-Calc.com, Saving Advice and other sites.

Amy’s clients include personal finance websites, financial institutions, public policy organizations, academic journals, and professional economists.

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