Readers Love Blue Cash from American Express

post from Free Money Finance on 24 July 2008 06:29:00 AM. © Free Money Finance

Lots of readers are earning a TON of money using the Blue Cash from American Express credit card. Here are a few comments from my recent blog post titled Reader Earns a Ton with Amex Blue:

My wife and I just got back $696.44 on our AMEX Blue in our first year using it! We use a combination of the AMEX Blue and Chase Cash Freedom card. We use the Chase Cash Freedom card for our monthly expenses of the following three categories to get 3% cash back: (1) telecommunications; (2) cable/satellite TV/Internet service providers; and (3) gym/recreation memberships. We then use our AMEX Blue for everything else, including of course the Gas, Grocery and Drug store. From the AMEX "Cash Tracker" it appears that for our purchases about 20% where for Bonus Categories, and the other 80% was for regular purchases. I was extremely happy about our bonus program! I am a huge fan of the card and think it is a great way to earn some extra money, while paying off the card multiple times a month, so I never carry any balance.

Sounds like they are using the same strategy I am to maximize cash back rewards.

Here's another commenter doing the same thing:

We got turned on to the blue cash card last year after starting to read your blog... two months ago we reached our 1 yr anniversary w/ a $847 payout. We are now pursuing the two-card option with the addition of the chase freedom card. I really enjoy having the AE/VISA combo as an option, with the additional 3% float for 15-20 days each month, and no free cash in my pocket.

$847 is nothing to sneeze at!!!!!!

One more comment:

I got $652 for my first year with Amex Blue Cash. The return rate was 2.12%. My wife and I put everything possible on the card and pay it off each month. Our normal expenditures include tithe, gas, groceries, insurance payments, and auto service. We also eat out once every week or two with family and friends. We pay the bill with our card and they pay use cash for their portions of the bill. I need to look into paying my mortgage with the card. That would add another $400 or so to our rewards.

Any cash back return over 2% -- especially using one card only -- is a GREAT result in today's market, especially since 1% cash back is what many people are settling for.