Amex Blue Cash Offer

[Lucid08]

Hi All!

Yesterday i received an invitation for the Blue Cash card from Amex. The invitation has an RSVP code listed on the front page along with a web link for online application.

How good is this card? The interest rates seem awfully high as stated in the terms and conditions, with 3 interest rates listed as 17.24%, 19.24%, and 21.24%.....along with a default rate of 27.24%(ouch). The card has no annual fee, but those interest rates seem a bit excessive considering my credit history is so good and the fact that this is an upper tier card, right?

Is this some kind of standard "targetted" type of offer?

[TheCreditKid]

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@Lucid08 wrote:

Hi All!

Yesterday i received an invitation for the Blue Cash card from Amex. The invitation has an RSVP code listed on the front page along with a web link for online application.

How good is this card? The interest rates seem awfully high as stated in the terms and conditions, with 3 interest rates listed as 17.24%, 19.24%, and 21.24%.....along with a default rate of 27.24%(ouch). The card has no annual fee, but those interest rates seem a bit excessive considering my credit history is so good and the fact that this is an upper tier card, right?

Is this some kind of standard "targetted" type of offer?

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Blue Cash is a pretty decent rewards card.

 You must put a whole lot through it to get some decent cash back.

The apr is high, but if you pay in full then it shouldn't be a problem. I was approved with 19.24, 0% intro for 6 months recently. It won't bother me because i'll be PIF anyway.

I really suggest having this card if you're planning to make it your primary card. Otherwise, the rewards would be like any other cash back cards.

[MrShush]

My significant other got an offer the other day for the Blue Sky card--similar to yours in that it supplied an RSVP and other literature. Seems to be an offer to apply because the first thing I did was check AMEX's website to check for preapprovals for her. I just made her an AU on my Green Card a week or so earlier. Targeted, perhaps.

[stan_the_man]

FWIW I checked my Amex Blue Cash interest rate and it's 13.24%. I've had the card for just over 10 years though, but it makes me wonder whether Amex will accept requests for interest rate reductions for newer accounts.

[ArisGreek]

Funny you should mention that. I got to keep my 14.24 interest rate when I PC from AMEX SPG to AMEX BSP...I was like BOOOOOYAH!!

[TheCreditKid]

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@stan_the_man wrote:

FWIW I checked my Amex Blue Cash interest rate and it's 13.24%. I've had the card for just over 10 years though, but it makes me wonder whether Amex will accept requests for interest rate reductions for newer accounts.

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You can always try to negotiate.

Good Luck

[Wolf3]

DW got RSVP offer yesterday.   It had 0% on purchases for 12 months.   And they give you $100 if you spend $500 in first 60 days.   5% cash back on gas, groceries. 

Denied as expected.

[Anonymous]

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@Lucid08 wrote:

Hi All!

Yesterday i received an invitation for the Blue Cash card from Amex. The invitation has an RSVP code listed on the front page along with a web link for online application.

How good is this card? The interest rates seem awfully high as stated in the terms and conditions, with 3 interest rates listed as 17.24%, 19.24%, and 21.24%.....along with a default rate of 27.24%(ouch). The card has no annual fee, but those interest rates seem a bit excessive considering my credit history is so good and the fact that this is an upper tier card, right?

Is this some kind of standard "targetted" type of offer? 

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Higher APR ...  it's because of its rewards program, how & how much you can earn the rewrds.