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Blue from American Express Review: Credit Card |
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| Great reward program with no annual fee | |
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Blue from American Express is designed for those who have already established a strong credit history and are looking for a card with a great reward program and no annual fee. Depending on your perceived creditworthiness, your APR could be as low as 15.24% or as high as 19.24%, with an introductory APR of 0% for the first six months. The standard purchase APR will apply to all balance transfers, with no introductory APR and no balance transfer fee.
Cardholders receive one rewards point for each dollar spent on purchases, plus two points per dollar spent when booking travel online through American Express, and three points per dollar spent when shopping online through American Express's bonus points mall website. No points are earned for balance transfers, cash advances or various fees and charges from American Express. Points can be redeemed for rewards including travel, merchandise, dining and entertainment. Rewards begin at 1,000 points. Points can also be combined with various frequent flyer accounts. There is no limit to how many points you can earn, and points do not expire. These terms are quite good if you are able to qualify for the 15.24% interest rate and the six month introductory period. If your credit history only qualifies you for the 19.24% APR and no introductory program, you are likely to find preferable rates with a different card offer. Also, if a low introductory balance transfer APR is a priority for you, you should consider one of the many cards that offer 0% introductory rates for balance transfers. But for consumers with very good credit, Blue from American Express is a great credit card option, offering a 0% introductory APR, reasonable ongoing interest rate, and a very rewarding points program. |
Service Details:
| APR: | 15.24%-19.24% (0% for first 6 months) |
| Features: | Earn one point per dollar spent, plus additional points on travel and other online purchases made through American Express |
| Annual Fee: | None |
| Credit Needed: | Excellent |
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