Review Of The Amex-Branded Card – the pros certainly outweigh cons

The Amex-branded card offers a 1.25 percent cash rebate on spendings, plus an additional $50 bonus statement credit as a welcome offer. This great card is designed for people with good credit who want a rich cash-back rewards card and for those who prefer the American Express brand over other options.
This card has a lot of benefits and the pros certainly outweigh the cons as you will see below;

Amex-Branded Card

Pros of Using The Amex-Branded Card With A Cash Back Rebate

  • High cash-back rewards (1.25 percent).
  • $50 in bonus cash rewards are easily obtainable.
  • No annual fee.
  • No earnings limit.
  • 1.25 percent cash-back rebate on spending.
  • $50 statement credit if you spend $500 on retail purchases on the card within the first 90 days.
  • Points can be redeemed at 2,500 points and expire five years after the month they were earned.
  • Cardholders can also earn points for purchases and redeem rewards with travel, gift cards, cashback, and special events.

The Cons

  • High redemption thresholds (minimum $50)
  • A high balance transfer fee of four percent.

APRs Of The Amex-Branded Card With A Cash Back Rebate

  • Firstly, statement credits will typically be applied to existing balances along with the highest price Annual Percentage Rate (APR). The following is a guide to card rates:
  • Secondly, 0 percent for 12 months on purchases and balance transfers made within the first 60 days of account opening.
  • 12.99 to 22.99 percent after the introductory period.
  • Cash advance APR: 22.99 or 24.99 percent depending on the type of cash transaction.
  • Penalty APR: Up to 29.99 percent.

Fees Of The Amex-Branded Card With A Cash Back Rebate

  • Firstly, balance transfer fee: $10 or four percent.
  • Secondly, cash advance fee: $10 or four percent (five percent depending on the transaction).
  • Thirdly, foreign transaction fee: One percent.
  • Late payment fee: Up to $35.
  • Lastly, returned payment fee: Up to $25.

Review Of The Amex-Branded Card With A Cash Back Rebate

The 1.25 percent cash-back spending rebate on this Amex-Branded card is one of the richest in the industry. In addition, you can earn an additional $50 in statement credits by spending $500 on retail purchases within the first 90 days. One easy way to earn rewards is to use the credit card for everyday purchases, like groceries, gas, and utility bills.
The $50 redemption threshold is a lot higher than other credit cards, and some have no minimum redemption amounts, but the higher rebate percentage makes up some of the difference. This card also lacks the five percent cash back on quarterly rotating categories. In exchange, you get an extra .25 percent on all your purchases and you don’t have to change how you spend to get it.

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