American Express offers three cash back rewards cards, including Blue Cash Preferred, Blue Cash Everyday and Blue Cash rewards cards. You can earn other rewards with other cards from American Express, such as Blue Sky, Amex Everyday and Blue.
American Express Cash Rewards Credit Cards
American Express offers its biggest cash-back earning potential with its Blue Cash Preferred card. You can get up to 6 percent cash back on grocery purchases, 3 percent on gas and department store purchases, and 1 percent on all other purchases. The Blue Cash Preferred rewards credit card charges you an annual fee, and the cash you earn is returned to you in the form of statement credits.
Blue Cash Everyday is a rewards credit card that lets you earn cash back on all of your purchases, but at a lower rate compared to the Preferred version of this card. You get 3 percent on grocery purchases, 2 percent on gas and 1 percent on everything else. The benefit of this card is that there is no annual fee.
Finally, American Express Blue is a cash back rewards card that allows you to earn up to 5 percent cash back on groceries, gas and other expenses, but there's a caveat. You only earn 1 percent cash back on groceries and gas and .5 percent on other purchases after you spend a certain minimum each year. After you charge and pay the minimum, you're eligible to earn 5 percent cash back. This card does not include an annual fee.
American Express Points Rewards Credit Cards
American Express Blue Sky is a rewards credit card that uses a points system. With each eligible purchase you make, you earn one point for every dollar spent. The points you earn can then be redeemed for travel expenses, including airfare, hotel stays, car rentals and cruise bookings. This card also lets you redeem your points for cash, which comes in the form of a credit to your statement. There is no annual fee for this card.
Amex Everyday gives you two points for every dollar you spend on supermarket purchases (up to a certain dollar amount), and one point per dollar for all other purchases. You can also earn 20 percent more in points each month if you make at least 20 purchases in a billing cycle.
The Amex Everyday Preferred rewards credit card offers more earning potential than the Amex Everyday card. You get three points for every dollar you spend on groceries (up to a certain minimum), two points for every dollar on gas, and one point per dollar for all other purchases.
Additionally, if you make at least 30 separate transactions in a billing cycle, you can earn 50 percent more points on those purchases. This rewards card charges an annual fee, though. These cards let you use your rewards to make travel and entertainment purchases.
No credit card is without fees, and these American Express cards are no exception. A fee applies for paying late, and the same goes for a returned payment. When traveling abroad, if you use your card for purchases, each transaction is charged a certain percentage fee. Additionally, any balance transfers and cash advances you make will be charged a percentage.
Aside from credit card rewards, you also receive the standard travel accident insurance, rental car insurance and extended product warranty benefits you generally see included with most credit cards. Additionally, American Express offers roadside assistance as long as you use your card to pay for the towing or locksmith service.
American Express is available to help you at any time. Its 24/7 customer service can be reached by phone, and you can get online assistance via live chat or by sharing your screen with American Express. You're also able to access many frequently asked questions and its cardmember community on its website.
American Express rewards cards may offer a 0 percent introductory APR on purchases you make with your card and balance transfers to the card for a certain amount of time. Once the introductory period has ended, your APR is variable and dependent upon the prime rate, which is determined by the federal funds rate, set by the Federal Reserve. Your interest rate is also based on your credit score, and whether you carry a balance or make a late payment. The higher your credit score, the less likely you are to pay a high APR. Check the terms of your credit card often as fees, interest rates, sign-up offers, rewards and earning potential can change at any time.
American Express rewards credit cards are a good option if you are looking to earn travel rewards and want the option to redeem points for more than travel. Most of its cards come with no annual fee and offer incentives for more rewards points the more you use your card.