American Express Blue, Blue Cash, and Blue Sky may look like the same credit card, but each one offers very different benefits. While these credit cards may seem similar on the surface, it is important to understand the specific details of each card when determining which American Express Blue Card is the right one for your lifestyle.
Overall, most consumers will find that American Express Blue provides the greatest overall value. For starters, this card offers a 0% APR for 15 months on purchases. Additionally, the card also offers a fixed APR balance transfer rate of 3.9% for the life of the balance. A unique feature of this offer is that there are no balance transfer fees involved.
Lastly, any discussion of an American Express card must deal with rewards. American Express Blue offers 1 reward point for every dollar spent. Rewards can be redeemed for all types of travel, shopping, and entertainment rewards. There is no fee to participate in Blue?s rewards.
Now, the American Blue Cash credit card is probably the most popular amongst the Blue credit cards. However, Amex Blue Cash is a card best suited to heavy spending consumers; that is, those who use their card for everything and spend in excess of $10,000-15,000 a year. Why? Cashback rewards are only earned at .05% and 1% until annual spending reaches $6500, at which point cashback is awarded at 5% for everyday purchases and 1% for all other purchases.
Financially, American Express® Blue Cash offers a 0% introductory rate on purchases for 6 months, and a fixed 4.99% APR for balance transfers with no balance transfer fees. Ultimately, the difference between Blue and Blue Cash lay in the 1% balance transfer percentage and in rewards. With Amex Blue Cash, big spenders can cash in on rewards. With Amex Blue, rewards are more accessible to average credit card users.
The newest American Express Blue offering is the Blue Sky® Credit Card. Like Blue Cash, Blue Sky offers a 0% interest rate for 6 months and a 4.99% fixed APR balance transfers. Unlike Blue Cash, Blue Sky offers very accessible rewards. While most credit card rewards points are worth 1% of spending, the Blue Sky® Credit Card essentially offers 1.33% travel rewards, as it only takes 7500 points to redeem a $100 travel reward.
Clearly, the 3 American Express Blue Credit Cards currently on the market provide very different features, some of which only benefit big spenders. 0% APR lovers will most likely find happiness with American Express Blue. Big spenders will see the biggest dividends with American Express® Blue Cash. And small spenders and travel rewards credit card lovers will reap the most rewards from the Blue Sky® Credit Card.
Copyright 2006 Credit Card Depot Inc. This article may be reprinted with a live link back to credit-card-depot.com.
Jeff Weber is the president and CEO of Credit Card Depot Inc., an online credit card marketing company. For over two years, the company's primary website, http://www.credit-card-depot.com, has provided consumers with detailed credit card application information as well as articles to help consumers find the best value in credit cards. At Credit Card Depot, you can compareAmerican Express Blue Credit Card Applications as well other credit card applications and apply online for aninstant approval credit card.
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