Financial Web Guide

Roughly four years ago, I started writing about finance on a regular basis.  Included in my writing about finance is a lot of credit card work and for years, I haven’t seen an offer as good as the one recently launched by American Express.  The Blue Cash Preferred℠ Card from American Express is a consumer credit card that requires top not credit for approval.  Rightfully so, because the rewards and perks this card offers haven’t been seen in a long time.  Let’s take a long look at why the Blue Cash Preferred℠ Card from American Express has become my favorite credit card.

To get things started, the Blue Cash Preferred℠ Card from American Express offers cardholders a $100 cash back bonus after making $500 in purchases during the first 90 days of card ownership.  That $100 is only the beginning though as this card offers an extremely impressive cash back program that looks a little like this:

• Earn 6% cash back at supermarkets.
• Earn 3% cash back at gas stations and department stores.
• Earn 1% cash back on all other eligible purchases.

Cash back never expires and the six percent you see at supermarkets is the highest amount of cash back I’ve ever seen.  Especially considering that none of the levels you see above are tiered (meaning there is no spend requirement or limit to the amount of cash you can earn) this card is ultimately the best cash back credit card available today.

The Blue Cash Preferred℠ Card from American Express also provides a 0% intro APR on purchases for six or 12 months, depending on the applicants credit history.  Once the intro rate expires, the purchase APR is 17.24%, 19.24% or 21.24% variable.  This feature is actually a strong detraction, however if you can manage to pay your balance off in full every month, it won’t matter.  Just as strong of a negative is the $75 annual fee but considering how much money you can save at the pump and supermarket, the annual fee is a drop in the bucket.

For example, let’s assume you spend $100 a week at the grocery store and $25 a week in gasoline purchases.  That means each year, $5,200 is spent on groceries and $1,300 is spent on gas.  That means $348 is saved every year on just those two categories.  When you factor in department store cash back and 1% overall cash back, more than $400 can be saved with a conservative estimate.  For anyone who spends more money driving to work or feeding a large family, it’s possible to save more than $1,000 annually.  Very impressive.

Don’t forget that because this card is issued by American Express, all cardholders are entitled to a world class perks program.  Extended warranties, roadside assistance and unique access to special events are just a few of the reasons American Express is regarded as the bets issuer in the eyes of cardholders.  Finally, it’s important to mention that every time a friend you refer signs up for the Blue Cash Preferred℠ Card from American Express, you’ll receive $75.  From top to bottom, this card is a class of all credit cards today and with an added bonus, anyone with excellent credit deserves to take advantage.   To sign-up for the Blue Cash Preferred℠ Card from American Express, visit any link contained within this post.