Credit Cards

Tips, news, reviews, caveats, trends, updates and analysis related to consumer and business credit cards, and prepaid debit cards. From the interest rate specialists @ FedPrimeRate.com

Wednesday, April 01, 2009

Mourning the Demise of Three American Express Credit Cards

Blue from American Express: No Longer AvailableAs a credit card bank, we like American Express a lot. Why? Because the company consistently offers excellent customer service, and their cards typically have very consumer-friendly terms and conditions associated with them (this report says it all.)

So we are sorry to report that three popular American Express cards are no longer available. The cards are:

  • Blue from American Express®

  • Blue Cash® from American Express

  • Blue Sky from American Express®

These cards were great, because they each offered 0% intro APR on new purchases for 12 months, and each featured a generous rewards program. Introductory balance transfers were not free (2.99% for 12 months) but, on the plus side, you didn't have to pay a balance transfer transaction fee.

These cards may return, but there's no way of knowing if or when.

There are still two Amex cards to which you can transfer a credit card balance and pay no balance transfer fee. These are:

  • The TrueEarnings® Credit Card from Costco and American Express, which offers:

    • An introductory balance transfer APR of 1.99% for the first 6 months of Cardmembership, as long as the transferred balances post to your account during the first 30 days of Cardmembership and

    • 0% Introductory APR for Purchases for the first 3 months of Cardmembership.

    • The TrueEarnings® Credit Card from Costco and American ExpressClick here




  • The Starwood Preferred Guest® Credit Card from American Express, which offers:

    • An introductory balance transfer APR of 2.9% for the first 6 months of Cardmembership, as long as the transferred balances post to your account during the first 30 days of Cardmembership and

    • 2.9% Introductory APR for Purchases for the first 3 months of Cardmembership.

    • Starwood Preferred Guest® Credit Card from American ExpressClick here

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6 Comments:

Anonymous Adrian said...

I couldn't agree more!

I've had this card for almost two years and have never had a problem. The interest rate is great and the rewards are even better. You can earn rewards on everything you buy and the rewards never expire. But, it takes 7,500 reward points to get a travel! :)

Whenever I call them they are very helpful. I got mine through Costco and get cash back once a year which is always nice. The best thing is that they actually double the warranties for the gold card holders and they even replaced a broken item that was out of manufactured warranty!

In short, I just can't go out without my American Express credit card.

Friday, April 10, 2009 5:43:00 AM  
Blogger FedPrimeRate.com said...

> The best thing is that they
> actually double the warranties
> for the gold card holders and
> they even replaced a broken
> item that was out of
> Manufacturer warranty!

That's a really great benefit. It's really no wonder that American Express is consistently voted the best credit card company.

Friday, April 10, 2009 12:11:00 PM  
Blogger ShadowWind said...

American Express does have a lot of rewards involved in it. I know there is special privileges at some tourist attractions like Walt Disney World strictly for American Express customers.

It's a shame that they have to get rid of their 0% APR cards. But unlike your post about some banks being able to weather the storm, due to only having solid loan practices, apparently AMEX was not one who could. I think when the economy gets through all this, you'll see a return of such cards.

Thursday, April 23, 2009 10:50:00 PM  
Anonymous spycraft said...

Such a pity. Have had this card for about a year now and I have fallen in love with it.

I mean, why would anyone go for anything other than American Express when they give you these great Rewards Points! Sure, it does take a few points in order to get travel miles and other bug ticket items, but on the other hand - what's the alternative? Higher interest rates and no reward point? I don't think so!

Thanks for the great article!

Friday, April 24, 2009 1:16:00 AM  
Blogger Techno said...

That's a really great benefit. It's really no wonder that American Express is consistently voted the best credit card company.

Thursday, May 21, 2009 10:23:00 AM  
Anonymous blackMARKER1 said...

No doubt this is disappointing...but I am pretty sure we will see a comeback of these cards very soon after the revival of this economy. Surely the sole reason that they dropped these cards is because they weren't profitable anymore, but after the economy is back up, it will be.

Sunday, August 08, 2010 7:15:00 PM  

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