In an effort to attract more customers, many credit card companies create rewards programs for their cardholders. The trouble is, often times the rewards programs are so confusing or hard to redeem that cardholders don’t fully understand how to benefit from them - or the interest rates and annual fees for the rewards card cost more than the rewards you can earn.
If you are a fan of rewards programs, there are two cards with the American Express logo that might fulfill your need for an easy-to-use rewards program on cards with reasonable interest rates and no annual fees. Blue from American Express offers a reward point for every dollar spent on the card, and points are used to “buy” your rewards. Simple. There is no annual fee and the interest rates are extremely competitive.
The Blue Cash from American Express is for people who don’t want to deal with points and prefer the standard cash-back rewards card. All of your purchases earn a percentage of cash back that gets applied to your credit card statement. Blue Cash also offers no annual fee and competitive interest rates.
If you’ve given up on rewards programs because they’ve gotten too difficult or costly to use, take another look at Blue Cash and Blue from American Express.
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