Editor's Review:
The Blue Cash from American Express credit card is a good choice for those with good or excellent credit who are looking for a balance transfer card. With the help of this card, individuals can transfer balances from higher interest credit cards, as well as earn some cash back from their expenditures.
The low introductory rate applies for up to a a full twelve months on the transferred balance. This makes it one of the better balance transfer credit cards available because many other balance transfer cards increase the interest rate after a very short introductory period.
The Blue Cash from American Express credit card also offers a 0% APR on all purchases made for up to the the first 12 months. If that is not enough, the card also offers a cash back rebate program. The minimum cash back rebate earned is .5% and the maximum is 5%.
In order to earn the cash back rebate with the Blue Cash from American Express card, the cardholder simply has to use the card to make purchases. General purchases earn up to a 1.5% cash back rebate. Purchases within the "Everyday Purchases" category of the plan, which includes purchases made at gas stations, drugstores, and supermarkets, earn up to 5%. Your rebates will never expire.
In addition to the cash rebates, the Blue Cash from American Express card also provides the cardholder with return protection, purchase protection, extended warranty for purchases, and liability protection from unauthorized Internet transactions. The cardholder also receives auto rental insurance, up to $100,000 in travel accident insurance, guaranteed hotel and motel reservations, and a variety of travel and emergency assistance services. In addition, cardholders receive discounts from a variety of merchants and retailers, plus assistance in trip planning and referral assistance for medical and legal services. All these perks and there is no annual fee!
(Review Date: February 27, 2012)