Discuss (7) -
Posted at 8:40 AM on Monday 09/15/08 by
Ben
Hotness UNHOT
Offer Removed is a good basic credit card for those who do not have the credit history to get approved for some higher incentive cards. You get up to 5% cash back at supermarkets, gas stations and drugstores.

  • Earn unlimited cash back, 0.00% Intro APR, No annual fee, Low balance transfer rate
  • As Low As 9.99% APR, 2.99% Balance Transfer APR for 12 months
    • 1
      lex - Posted 9:03 am PDT 09/15/08 (32 Posts)  Report Spam

      this is clearly deceptive advertising on AMEX's part. most of us saavy bensbargainers know this fact, but newbies beware!

      you earn 1% on first $6500 charged in a given year

      5% kicks in only after the $6500

      read the fine print and you'll see

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    • 2
      eugenelee3 - Posted 2:48 pm PDT 09/15/08 (52 Posts)  Report Spam

      best card! ytd i have $2000 cash back!

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    • 3
      dreese9859 - Posted 6:05 pm PDT 09/15/08 (91 Posts)  Report Spam

      #1 needs to reread the fine print.

      $0-$6500: 1.0% every day purchases; 0.5% all others
      Over $6500: 5.0% every day purchases; 1.0% all others

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    • 4
      lopgok - Posted 8:15 pm PDT 09/15/08 (118 Posts)  Report Spam

      #3 needs to learn how to read
      over $6500: 5.0% every day purchases; 1.5% all others

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    • 5
      vyper0 - Posted 9:37 pm PDT 09/16/08 (168 Posts)  Report Spam

      I call BS on #2...To reach $2000 cash back you'd have to spend $37000 at gas, grocery or drug stores(5% category). Thats a lot of gas and groceries. Based on my spending history I would have had to spend $108000 so far this year to get $2000 back.

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    • 6
      dwyoon - Posted 2:17 pm PDT 09/19/08 (23 Posts)  Report Spam

      the more realistic cash-back for our family (of 2) is about $300-400 a year.

      (but we've had the card for a while, so our tier is $6000 not $6500 for the percentage upgrade)

      my wife and I use it for all our monthly purchases, and then we just pay it off at the end of the month.

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    • 7
      grumpydog - Posted 1:24 pm PDT 09/24/08 (1649 Posts)  Report Spam

      #3, yes it is even worse than #1 said. this is a pretty bad deal IMO. There are many cards that give you 1% back on every charge purchase. If you want amex then the starwood card is better. It has a fat bonus for signing up and getting a nice hotel room for 4000 points is quite good when a cashback card that is only worth $40. The alaska airlines card is the best right now IMO. the signup bonus is a roundtrip ticket(or 2x 1 way). After that a one way ticket is 10,000miles (going to 12,000 in november) not bad when that same ticket can cost over $400 to buy.

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