You get a whopping 6% cash back at U.S. supermarkets, on up to $6,000 a year in spending (then 1%); 6% cash back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and on transit (including such things as taxis, rideshares, parking, tolls, trains and buses); and 1% cash back on all other.
Is American Express blue card worth it?
The Blue Cash Preferred® Card from American Express is frequently considered one of the best credit cards for groceries , and for good reason. This card gives you 6 percent cash back on up to $6,000 in spending at U.S. supermarkets each year, as well as an unlimited 6 percent back on select U.S. streaming services.
Does amex blue cash have Membership Rewards?
The Amex Blue Cash Preferred card does not earn Membership Rewards points.
How do I redeem my blue cash rewards?
Redeeming rewards on the Blue Cash Preferred® Card from American Express is simple. Log in to your American Express account online and click “Use reward dollars.” Cash back comes in the form of a statement credit, which directly reduces your account balance. You can redeem in increments of $25, with a $25 minimum.
Do you have to pay American Express Blue in full every month?
Both the Blue Cash Everyday® Card from American Express and the Blue Cash Preferred® Card from American Express are regular credit cards that don’t need to be paid in full each month Paying in full will help you maximize your savings from rewards, however.
Do Amex rewards dollars expire?
Amex Membership Rewards points don’t expire , but you will lose them if you don’t keep at least one of the best American Express Membership Rewards earning card open.
Is Amex Blue hard to get?
The Amex Blue Cash Everyday card is hard to get because applicants need to have a score of 670 or higher to be approved for the card. However, you’ll have a better chance of being approved for the card if you have at least a very good FICO score (740 to 799).
What are the advantages of an American Express blue card?
The best American Express Blue Card benefits include 2 points / $1 on travel purchases and a $0 annual fee You can also enroll in a free membership to ShopRunner, the online rewards store. Other American Express Blue Card benefits include protections for purchases and returned items and car rental insurance.
Is it hard to get Amex Blue Cash Preferred?
Yes, Blue Cash Preferred is hard to get because it requires a credit score of 700+ for approval , which means you need good to excellent credit to get this card. Since the average credit score is lower than this requirement, most people will not be able to get the Blue Cash Preferred card.
Is it worth upgrading to Amex Blue Cash Preferred?
You’re getting a better welcome offer, higher earning rates, expanded bonus spending categories, and superior protections. Even though the card does come with a $95 annual fee, the higher welcome bonus makes the card worth it over the Everyday, no matter your budget for the first year.
Which Amex cards get you into airport lounges?
As part of The American Express Global Lounge Collection, Platinum Card Members can enjoy unlimited, complimentary access to Plaza Premium lounges around the world. Plaza Premium is a network of airport lounges around the world that are open to Platinum Card Members, regardless of airline or ticket class.
Is Amex Blue Cash Preferred metal?
The Blue Cash Preferred® Card from American Express is not a metal credit card , as it is made of plastic like most other credit cards.
Should I get Blue cash EveryDay?
In terms of day-to-day value, the card’s purchase protection and Pay It Plan It perks may be the most useful. However, the best overall benefit of carrying the Blue Cash Everyday instead of another card is the unlimited 2 percent cash back at select U.S. department stores in addition to your other bonus categories.
What happens when you redeem cash rewards?
When you earn a certain amount of cash back, some card issuers will automatically give you a statement credit Other issuers will allow you to schedule cash transfers to your bank account or send a check when your rewards reach a certain threshold.
How do I cash out Amex points?
How do I redeem American Express Membership Rewards points? You redeem your Membership Rewards points by logging into your rewards account online Redemption options include booking travel, transferring points to airline and hotel partners and redeeming for statement credit, gift cards or merchandise.
What credit score do you need for Amex Blue Cash Preferred?
You’ll need good to excellent credit to qualify for the Blue Cash Preferred® Card from American Express. Generally speaking, this is defined as a credit score of 690 or better.
How does the Amex Blue cash Everyday card work?
The Blue Cash Everyday Card from American Express offers cash back on everyday spending categories without charging an annual fee (See Rates & Fees). Cardholders earn 3% cash back on the first $6,000 spent each year at U.S. supermarkets, then 1% back, plus rewards on other spending.
What credit score do you need for Amex Blue?
The Amex Blue Cash Everyday credit score requirement is 700, at a minimum That means you’ll need at least good credit for approval.
Is American Express for rich?
No,. American Express is not specifically for rich people , even though it does have a high level of status in many people’s minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don’t need to be rich to have a good credit score.
Does Cancelling a credit card hurt your credit?
A credit card can be canceled without harming your credit score ; just remember that paying down credit card balances first (not just the one you’re canceling) is key. Closing a charge card won’t affect your credit history (history is a factor in your overall credit score).
Does Amex Blue cash work at Costco?
You can only use a Visa if you’re paying by credit card at Costco. If you want a co-branded credit card with a Costco logo on it, you can now only get it through Citi. In addition to Visa cards, Costco still accepts cash, checks, most debit and ATM cards, electronic benefit transfer (EBT) and Costco Shop Cards.
How do you earn points on American Express Blue?
- Introductory Welcome Offers.
- Flights Booked With Airlines.
- Earn on Purchases Through Amex Travel.
- Earn Points at Supermarkets.
- Earn Points on Dining.
- Earn Points at Gas Stations.
- Frequent Transaction Bonuses. Earn Lots of Membership Rewards With American Express Business Cards
- Introductory Welcome Offers.
Can you convert Amex cash back to points?
Yes, you should be able to convert your card ! By Switching to an AMEX EveryDay Card That Earns Transferable Points, You Can Get Big Travel With Small Money!.
Do you lose Amex Reward Dollars?
You’ll need at least $25 saved up to do that. For gift cards, you may have to redeem rewards dollars in $25 increments as well, depending on the card. Merchandise might be an option, too. Reward dollars never expire as long as your account is open and in good standing.
Where does my Amex cashback go?
The more purchases you make with your Card, the more cashback you can earn. This then accumulates in your Account and is paid to you as a statement credit every year, around the anniversary of Account opening.
How much are my American Express points worth?
The value of Amex points will vary greatly per redemption option, but you can expect to receive a minimum of 0.5 cents per point On average, we found that you can get 2.2 cents per value by transferring your points over to Amex’s loyalty program partners.
Can you use American Express Reward dollars to pay bill?
If you have the Blue Cash Preferred® Card from American Express, you’ll earn cash back in the form of Blue Cash reward dollars. You can then redeem your reward dollars for a statement credit to your account when your rewards balance is $25 or more. However, you cannot use reward dollars to pay your minimum balance due.
What is the highest American Express card?
The highest level American Express card is the Centurion card , which is also known as the ‘black card.
What happens if you don’t pay off Amex every month?
Both cards are charge cards, which means that balances must be paid in full at the end of each month. The first late payment made will incur a fee of $28. Any additional late payments in the following six months will result in an up to $40 charge per month for a gold card as of May 1, 2021.
What happens if I can’t pay my Amex in full?
For each following Closing Date that an amount past due remains unpaid, we may charge a fee of the greater of $38 or 2.99% of any past due Pay In Full amounts Your late fee will not exceed the Amount Due or any limit established by applicable law. Paying late may also result in a penalty APR.
Do Amex points roll over?
The bottom line. Although American Express Membership Rewards points do not expire , there are certain situations where you may lose the points you’ve accumulated. Make sure these situations don’t apply to you by paying your bill on time and in full, keeping your account active and following Amex’s terms and conditions.
How much are 100 000 Amex points worth?
100,000 points go a long way According to travel website The Points Guy’s valuations, Amex points are worth 2 cents apiece That means the Amex Platinum’s 100,000-point bonus is worth $2,000. That’s huge, the bonus alone is worth nearly four years of annual fees!.
How much is 60000 Amex points worth?
Shop online or buy American Express gift cards, and 60,000 points are worth $300 (0.5 cents each point). When you book flights, upgrades, and Fine Hotels & Resorts accommodations through Amex Travel, you’ll get $600 worth of value from your points.
Which Amex card is the easiest to get?
You have a high chance of getting approved for the Amex Blue Card if you have a good credit score, which is a FICO® Score of 670 or above. This is one of the easiest Membership Rewards cards to open, and even consumers with average credit scores have a decent chance of approval.
What is the minimum credit score for American Express?
The American Express credit score requirement is 700 or above , depending on the card. That means people with good to excellent credit are eligible to be approved for an American Express credit card.
How many credit cards is too many credit cards?
How many credit accounts is too many or too few? Credit scoring formulas don’t punish you for having too many credit accounts, but you can have too few. Credit bureaus suggest that five or more accounts , which can be a mix of cards and loans, is a reasonable number to build toward over time.
What does the blue American Express card mean?
The Blue from American Express Card is a rewards credit card It earns two points per dollar on eligible travel purchases made on AmexTravel.com and one point per dollar on all other purchases.
Can I upgrade Blue cash Everyday to preferred?
Yes, you can upgrade from Amex Blue Cash Everyday to Blue Cash Preferred.
What is the hardest American Express card to get?
The Centurion® Card from American Express, sometimes referred to as the Black Card, may be the hardest credit card to get because you need a special invitation from Amex to apply and there’s a high financial bar to getting the card. It’s been reported the card requires a $7,500 “initiation fee” and a $2,500 annual fee.
Which credit bureau does Amex use?
Amex primarily pulls Experian, though sometimes Equifax or TransUnion reports Chase favors Experian, but may also buy Equifax or TransUnion reports.
How many Amex cards can you have?
Currently, you can have up to five American Express consumer credit cards at one time It is important to note that American Express offers multiple types of cards, business cards and consumer cards, and that the rule only applies to consumer cards where you are the primary cardholder.
Which is better Blue cash Everyday or preferred?
Although it comes with a $95 annual fee, the Blue Cash Preferred will help you earn more cash back over time than the Blue Cash Everyday The Preferred has a bigger welcome bonus and higher bonus rewards in popular categories like U.S. supermarkets, U.S. gas stations and transit.
Is Amex blue better than gold?
If you also spend a lot on travel, the Amex Gold card is a better choice with 3x earnings versus the Amex Blue Cash Preferred card at 1% cash-back on travel purchases. If you’re spending a lot on transportation, streaming services, and gas, the Amex Blue Cash Preferred card may be a better choice.
Is Amex blue or gold better?
The Gold card has higher point-earning potential on dining out and spending on flights booked through the Amex Travel portal, while the Blue Cash Preferred® has the advantage in higher points earned in U.S. supermarket spend, streaming subscriptions, transit purchases, and at U.S. gas stations.
Sources
https://www.valuepenguin.com/american-express-blue-cash-card
https://www.nerdwallet.com/article/credit-cards/get-most-out-of-american-express-blue-cash-preferred
https://www.nerdwallet.com/reviews/credit-cards/american-express-blue-cash-everyday
https://www.forbes.com/advisor/credit-cards/reviews/blue-cash-everyday/
https://thepointsguy.com/credit-cards/blue-cash-everyday/
