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Thanks to our American Express Blue Cash Card, we’ve earned $327 in cash back so far this card year. The card year is dependent on when you signed up for the card, so ours runs August-July. Last year we earned over $430 just by using our card as we would a debit card.
This is why I believe in credit cards. They are a tool. They can be misused.
We don’t pay an annual fee. We don’t carry a balance. And we get cash back from 1-5%.
But you tell me… would you like to have essentially a free $327?
I think we all would. Feel free to correct me.
8 Comments, Comment or Ping
Mike
No corrections here.
May 1st, 2008
Fiscal Musings
I’ve been thinking about getting this card. I use another rewards card currently that used to have 5% on gas and groceries, but they’ve since downgraded to 2% on those items.
May 1st, 2008
MyMoneyAdventure
I agree! I use my citi card to help pay off my student loan! So far, about 220 in 3 months!!
May 1st, 2008
Penelope @ Our Fourpence Worth
My sister and I have this card too (we share an account) and we use it everywhere AMEX is accepted. I even used it to purchase a single postage stamp once. Every little bit adds up.
We earned $316 last year. But I we’re earning a lot less this year (so far only $78 since July or August) because we’ve cut out almost all non-necessity spendings.
May 2nd, 2008
PlasticRewards
I have read about several people who earn more than $1,000 a year with this credit card. The Blue Cash from American Express is by far one of the best cash back credit cards available. Hopefully, they won’t be changing the amount you can earn like so many other issuers have already done.
May 2nd, 2008
rick
same here. $403 so far. I even buy stuff for my work that i am reimbursed for and keep the 5% cash back.
Jul 22nd, 2008
Kevin
@Rick: Glad to hear it. We should be getting our rebate on our next statement — woohoo!
Jul 23rd, 2008
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