by Ed Yourdon
Among all the major credit card issuers, American Express has the best credit quality. American Express has the ability to capture and analyze information from the billions of transactions flowing through their network which allows them to generate value for their customers. On average, American Express cardmembers spend about 3X more than the ones from MasterCard and 3.5X above the ones from Visa. Instead of from lending fees and revolving credit balances, American Express earns most of its revenues from cardmember spending and with business that they drive to merchants. For five consecutive terms, American Express has earned awards for the highest customer satisfaction among credit card companies by J.D. Power and Associates. The company dominates with industry leading rewards programs and platforms. American Express is the one company with a powerful global presence across the entire payments chain. American Express operates the world’s biggest travel network as they serve consumers and businesses. Millions of transactions are processed daily for high expenditure cardmembers by American Express. American Express provides commercial payment tools and expertise that helps companies control their expenditure and save billions of dollars. By delivering purchasing power, flexibility, and financial control American Express helps small business owners succeed. American Express is the world’s largest card issuer by purchase volume.
Although there are 3 different versions of the Blue by American Express credit card, only two of them are really popular. One Blue by American Express card is called the Blue Cash Everyday and the other Blue by American Express is known as the Blue Cash Preferred. These two Blue by American Express credit cards differ in their cash bonus. The Blue Cash Preferred card has a $ 150 cash bonus, while the Blue Cash Everyday card has a $ 100 cash bonus. The Blue Cash Everyday version carries a $ 100 cash bonus, while the Blue Cash Preferred version carries a $ 150 cash bonus. There’s also a dissimilarity within the cash back earning potential between these 2 Blue by American Express credit cards. On supermarkets, gas, and department store purchases, the Blue Cash version of the Blue by American Express card earns a higher cash back rate. The Blue Cash Everyday card has no yearly fee, while the Blue Cash Preferred card has a $ 75 yearly fee. If you spend somewhere around $ 30,000 a year on your credit card, then the Blue Cash Preferred version would be the better option between these two Blue by American Express cards. As far as the 0% introductory APR on purchases goes, both Blue by American Express cards have a 12 month period.