Review: The Only Card That Gives You 5% Rebates On Supermarket, Gas And Drugstore Purchases

If you’re in the market for a cash-back credit card and aren’t intending to use it for business expenses, the American Express Blue Cash is one offer worthy of getting a closer look.

Rebates

The Blue Cash is the only credit card we know of (since the Citi Dividend and the Chase Cash Plus Rewards were discontinued) that offers a 5% rebate for all supermarket, gasoline and drugstore purchases.  That’s a lot of cash returned for what are, essentially, daily expenses you’ll be buying anyway whether you have a credit card or not.  For other purchases, they offer a standard 1.5 % cash back.

Like every offer that sounds too good to be true, of course, it’s not as sweet as initially sounds. The 5% and 1.5% rebates only take effect after you’ve spent at least $6500 on your credit card for the year.  Prior to reaching the $6500 milestone, you only get 1% for supermarket, gasoline and drugstore purchases and 0.5% for everything else.  Still, at a potential 5% for everyday items and unlimited rebates throughout the year, this card offers one of the best deals available anywhere.

Other Benefits

The Blue Cash brings with it a slew of other benefits including travel insurance (up to $100,000), access to select merchants worldwide who offer discounts to Amex cardholders,  Purchase Protection Plan (which allows you to return damaged items within 90 days) and Buyers Assurance (extra warranty for all your purchases up to $50000 a year).

Fees And Rates

The card charges no annual fees and APR starts from prime rate plus 4.99%.  You get 0% introductory APR for the first 12 months of use.  It has a 20 day grace period for purchases.