Bread Cashback® American Express® Credit Card
- Best for: Travelers and others who want a flat 2% with no annual or foreign transaction fee, and who carry a Visa or Mastercard as a backup
- What Sets It Apart: A flat 2% with neither an annual fee nor a foreign transaction fee, on the American Express network
- Cost: $0 annual fee; no foreign transaction fee; variable APR of 18.99% to 33.49%; 5% balance transfer and cash advance fees, at least $10; late fee up to $41
- Features: 2% cash back with no cap; redemption from $0.01 as a statement credit or bank deposit; Amex Offers; purchase protection up to $1,000 per loss for 90 days; car rental coverage in the U.S. and Canada
- Pros: No categories to track; no fee on purchases abroad; cash back doesn’t expire while the account is open and in good standing; purchase protection
- Cons: No sign-up bonus or 0% intro APR; gaps in acceptance, with Amex still working to expand it abroad; cash back forfeited 30 days after closing, or 90 for New York residents; car rental coverage only in the U.S. and Canada, after your own insurance
Get the Bread Cashback® American Express® Credit Card if you want 2% back on every purchase, at home or abroad, with neither an annual fee nor a foreign transaction fee. Keep a Visa or Mastercard as a backup for the stores that don’t take American Express.
Comenity Capital Bank, part of Bread Financial, issues the card on the American Express network. Someone who charges $1,500 a month to it earns $360 a year, by our math, with no annual fee to subtract.
Key Features
- 2% cash back on purchases, with no cap
- No foreign transaction fee, the charge some cards add to purchases processed outside the U.S., and no annual fee
- A variable APR, or annual interest rate, of 18.99% to 33.49%, depending on your credit
- Cash back redeemable from $0.01 as a statement credit or a deposit to a U.S. bank account
- American Express perks, including Amex Offers deals at select merchants, purchase protection, and car rental coverage
Pros
- No categories to track or activate
- Cash back that doesn’t expire while the account is open and in good standing
- Purchase protection on eligible items bought entirely with the card, covering theft or damage for 90 days after purchase, up to $1,000 per loss
Cons
- No sign-up bonus or 0% intro APR
- Gaps in acceptance, and American Express says it’s still working to expand acceptance outside the U.S.
- Cash back forfeited 30 days after you close the account (90 days for New York residents) if you haven’t redeemed it
- Car rental coverage limited to the U.S. and Canada, and only for costs your own insurance doesn’t pay
Travelers get the most from it, since purchases abroad earn 2% with no fee added, and a no-foreign-fee Visa or Mastercard can cover the stores that don’t take Amex. For spending at home, the Wells Fargo Active Cash Card pays the same 2% and adds a sign-up bonus and a 0% intro APR, but it charges a 3% fee on foreign transactions.
Learn more about the Bread Cashback® American Express® Credit Card or see how it compares to the best cash back credit cards.
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