Aug
25
2007
i am thinking to apply for the american express blue cash credit card. How good is it and are there any tricks
Posted by: dmin in Credit, tags: American Express, American Express Blue, Express Cash
amrab22 asked:
I don’t understand the junk language in the terms and conditions. what is the interest rate that will be applied to my purchases? and anything else you might know. thanks
I don’t understand the junk language in the terms and conditions. what is the interest rate that will be applied to my purchases? and anything else you might know. thanks
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It’s good and there are no tricks, you get cash back on all purchases and your interest rate is determined by your credit. There is no annual fee and that is a plus for American Express.
I just got one a couple weeks ago. The interest rate on purchases is just above 13%. Balance Transfers were much higher above 20% I believe. It’s not too bad of a rate if you aren’t transferring large balances.
I would avoid American Express at all costs. I ran into financial hardships and Chase Manhattan Bank was willing to work with me but American Express started harassing me right away, would not negotiate, would not help me in any way. In fact they upped my interest rate to 39.99% to the point that I could not even pay it off. I was basically forced into bankruptcy because of them not being willing to work with me after years of being a VERY GOOD customer.
credit cards really depend on a few things. Are you carrying a balance? If so then the lowest possible rate is what you want. If you are looking for cash back, the percentage rates eats into that and may not be worth it. membership rewards cards are crap as they give you prizes that are overpriced and you have a limited number of thing to chose from. The best thing to get back is cash and you can buy what you want. There is one credit card that pays 1.25% on every purchase and 5% on pay at the pump at every gas station. It just shows up as a credit on your statement. It is at penfed.org and if you can find a better credit card let me know
The AMEX Blue Card is a great offer! Although a Visa or Mastercard would be accepted at more locations– it’s a very competitive offer with a low APR and long intro. You can find the AMEX Blue and other great offers here:
GOOD LUCK!
The American Express Blue card was the card that got the whole blue movement rolling. Although it isn’t as power packed with the features found in Sky Blue or Blue Cash, the Blue card is still a worthy choice. If you select “Blue” you get 0% APR for up to 15 months, 4.99% APR on balance transfers for the life of the loan, and you will earn points toward the American Express free rewards program. Yes, there is no annual fee with the Blue card either!. View all american express credit card at: