2022 Bread Cashback American Express Card Review – Forbes Advisor


Bread Cashback™ American Express® Credit Card* vs. Wells Fargo Active Cash® Card

It’s not hard to see why the Wells Fargo Active Cash® card can’t be beat. It earns unlimited 2% cash rewards on purchases, putting it head-to-head with other top no-annual-fee flat-rate cashback cards on the market. To add to the appeal, the card also comes with an introductory APR of 0% for 15 months from account opening on eligible purchases and balance transfers, then a variable APR of 16.49 %, 21.49% or 26.49% applies. Balance transfers made within 120 days are eligible for the introductory rate and 3% fee, then a fee of up to 5%, with a $5 minimum. The $200 cash welcome bonus after spending $1,000 on purchases in the first 3 months and cell phone protection when you pay your bill with the card are also good perks.

But the Active Cash card comes with a 3% foreign transaction fee, making it a poor choice for overseas use.

Bread Cashback™ American Express® Credit Card* vs. Citi® Double Cash Card

The Citi® Double Cash Card has a $0 annual fee and earns 2% cash back on all purchases, 1% when purchases are made, and an additional 1% when paid. New cardholders can get an introductory APR of 0% on balance transfers for 18 months. After that, the standard variable APR will be 15.49% to 25.49%, depending on creditworthiness. There is also an introductory balance transfer fee of $5 or 3% of the amount of each transfer, whichever is greater, made within the first 4 months of account opening. After that, the fee will be 5% of each transfer (minimum $5). However, there is no traditional welcome bonus and the card charges a 3% foreign transaction fee.

What makes Citi Double Cash a better choice than Bread Financial Cashback for some is the usefulness of the rewards. Earnings on Double Cash are ThankYou points, a highly flexible currency that can be redeemed for cash back, gift cards, travel, or transferred to one of Citi’s travel transfer partners for potentially superior.

Bread Cashback™ American Express® Credit Card* compared to the Blue Cash Everyday® card from American Express

The Blue Cash Everyday® card from American Express (conditions apply. See rates & fees) will likely appeal to someone looking for a credit card that offers savings on their most common expenses and who doesn’t want to pay an annual fee for the privilege. If a large portion of your household budget is allocated to filling the refrigerator, filling the pump, and/or filling your family’s closets, this card will tick the required boxes. The card earns 3% cash back at US supermarkets (up to $6,000 per year in purchases, then 1%), 2% cash back at US gas stations and select US department stores and 1% cash back on other purchases. Cash back is received in the form of reward dollars that can be easily redeemed for statement credits. Depending on how you spend, it may be more rewarding than the 2% flat rate of the American Express® Bread Cashback™ credit card.*.

It also comes with an introductory APR of 0% for 15 months on purchases from the date the account is opened, then a floating rate of 15.49% to 25.49% applies and an offer $200 welcome bonus in the form of a statement credit after spending $2,000 on purchases within the first 6 months of card membership.


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