Bread Cashback American Express Card 2022 Review – Forbes Advisor

Bread Cashback ™ American Express® Credit Card* vs. Wells Fargo Active Cash® Card

It’s not much of a stretch to see why the Wells Fargo Active Cash® Card can’t be beat. It earns an unlimited 2% cash rewards on purchases, putting it head-to-head with the other best no-annual-fee flat-rate cash-back cards on the market. Adding to the appeal, the card also comes with a 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 16.49%, 21.49% or 26.49% variable APR applies. Balance transfers made within 120 days qualify for the intro rate and fee of 3% then a fee of up to 5%, with a minimum of $ 5 applies. The welcome bonus of $ 200 cash rewards bonus after spending $ 1,000 in purchases in the first 3 months and cell phone protection when you pay your bill with the card are also nice perks too.

But the Active Cash card does come with a 3% foreign transaction fee, making it a poor choice for use abroad.

Bread Cashback ™ American Express® Credit Card* vs. Citi® Double Cash Card

The Citi® Double Cash Card has an annual fee of $ 0 and earns 2% cash back on all purchases — 1% when purchases are made and another 1% when they’re paid off. New cardholders can get a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be 15.49% – 25.49%, based on creditworthiness. There is also an intro balance transfer fee of either $ 5 or 3% of the amount of each transfer, whichever is greater, completed within the first 4 months of account opening. After that, the fee will be 5% of each transfer (minimum $ 5). There is no traditional welcome bonus however, and the card charges a foreign transaction fee of 3%.

What makes the Citi Double Cash a better choice than the Bread Financial Cashback for some is in the utility of the rewards. The earnings on the Double Cash are ThankYou points, a highly flexible currency that can be redeemed for cash back, gift cards, travel or transferred to one of Citi’s travel transfer partners for potentially greater value.

Bread Cashback ™ American Express® Credit Card* vs. Blue Cash Everyday® Card from American Express

The Blue Cash Everyday® Card from American Express (Terms apply. See rates & fees) will probably appeal to someone looking for a credit card that offers savings on their most common expenses and doesn’t want to fork over an annual fee for the privilege . If a big chunk of your household budget is allocated towards filling the fridge, filling up at the pump and / or filling your family’s closets, this card will tick the required boxes. The card earns 3% cash back at US supermarkets, US gas stations, and online retail purchases in the US (on up to $ 6,000 in each category per year in purchases, then 1%), and 1% cash back on other purchases. Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits. Depending on how you spend, that may work out to be more rewarding than the flat 2% rate of the Bread Cashback ™ American Express® Credit Card*.

It also comes with a 0% intro APR for 15 months on purchases and on balance transfers requested within 60 days of account opening, followed by a variable APR of 15.49% to 26.49%. A balance transfer fee of $ 5 or 3%, whichever is greater, applies and a welcome offer of $ 200 back in the form of a statement credit after spending $ 2,000 in purchases within the first 6 months of card membership.

Leave a Comment

Your email address will not be published. Required fields are marked *