Why You Might Want This Card

The Amex Cash Card

Here we have an amex card that is completely cash back. The annual fee is present. There is a sign up bonus, it’s small, but there. And, you do get a high return on certain categories like 6% back at grocery stores and streaming subscriptions. Benefits include Travel Accident/car rental insurance and Purchase/Return Protection.

When Your Cash is Blue

Redemption comes in the form of Reward Dollars that can be used toward a statement credit. The sign up credit is $250 but if you consider the $95 annual fee that’s not waived the first year, that bonus starts to diminish. The 6% back at U.S. Supermarkets is pretty great but it caps out at $6000, so if you spend over $115/week on groceries, you won’t be getting the most value out of this particular category.

Bottom Line

Here is the catch, Amex has a once in a lifetime sign up bonus, so we normally don’t recommend you signing up for an Amex card unless it has a Special Sign-up Offer, the highest I’ve personally seen for this one is $300 sign up bonus, which is nothing to write home about. Basically, we do not recommend getting this one. There are too many negatives about it, with a cap on the grocery category, an annual fee and a hit to your credit. Plus your rules will begin to tip, there are 3 Amex rules and this will count against your Chase 5/24 rule. Getting this card really just doesn’t add up.