Bread Cashback American Express Credit Card Review

Looking for a credit card to satisfy your financial needs on the go? If yes, then the Bread Cashback American Express Credit Card is definitely for you.

Bread Cashback American Express Credit Card

For consumers who are often on the go, the Bread Cashback American Express Card is a helpful rewards credit card. It provides a fixed 2% cash-back percentage on purchases made anywhere in the world that accepts American Express.

Bread Cashback American Express Credit Card Review

There is no maximum number of reward points that you can accrue as a cardholder because there is no earning cap in place with this program. Additionally, you may redeem your earned rewards as a statement credit or cash-back direct deposit, starting with a penny, so there’s no need to wait until you’ve accrued “enough” rewards.

The Bread Cashback American Express credit card is a great travel companion for individuals who frequently travel abroad. International purchases are not subject to foreign transaction fees, and cardholders are eligible for certain travel advantages from Amex. If you love having a first choice for presale tickets to events like concerts, plays, and other entertainment, this card might be a good fit for you as well.

The Bread Cashback American Express Card is limited in terms of redemption options and welcome bonus incentives, and its up to 20% dining discount or free appetizer only applies to a select number of participating U.S. restaurants. Despite this, some people may find the card convenient due to its flat rewards model and some basic travel benefits.

Basic Overview of Bread Cashback American Express Credit Card

  • Annual fee: $0.
  • Welcome bonus: None.
  • 2% cash back is awarded on purchases.
  • APR: 26.99% variable APR on balance transfers, and 20.74%, 31.24%, or 35.24% variable APR on purchases. $10 or 5% of each transfer, whichever is higher, is the balance transfer fee.
  • Additional advantages and benefits include free international transactions, early access to live events, and some Amex features.
  • Does the issuer provide a mechanism for preapproval? No, but it sends out pre-screened offers to a chosen few.
  • A good to outstanding credit score is advised.

What Rewards Does Bread Cashback American Express Credit Card Offer?

  • The Bread Cashback American Express Credit Card receives 2% cash back on all purchases. You will also get access to Amex Offers, which enables you to buy at specific merchants and earn additional cash back.
  • You can use your online account center to claim your rewards when the time comes. You can use the program to redeem rewards as a direct deposit into a checking or savings account located in the United States or as a statement credit.
  • This card can be ideal if your objective is to redeem rewards for cash or bill credit. Points cannot be combined with points from another Bread Cashback American Express account or transferred to another rewards program.

What is The Potential of Bread Cashback American Express Credit Card Rewards

We estimated the anticipated reward potential of the Bread Cashback American Express Card using combined public and government data.

Our calculations show that the average American household that would be interested in this credit card makes $84,352 a year. We calculate that this household would spend $25,087 on credit card-based purchases over a year. Under these assumptions, we calculate the potential yearly benefits for Bread Cashback to be:

  • Spend $25,087 on a credit card at a flat 2% cash-back rate, and you might earn $501.74 in rewards annually.

APR Details on Bread Cashback American Express Credit Card

The variable APR on purchases made with the card is 20.74%, 31.24%, or 35.24%, while the variable APR on balance transfers is 26.99%. $10 or 5% of each transfer, whichever is higher, is the balance transfer fee. If your application is accepted, the APR you’re given will depend on your credit score and credit history.

What Are The Benefits of Bread Cashback American Express Credit?

  • Limitless rewards: Your earnings are unlimited. You will still receive 2% cash back on any purchases made internationally.
  • Awards are perpetual: You don’t have to worry about running out of time to receive rewards because they never expire. Redeem your prizes whenever you’re ready by earning them at your own speed.
  • There’s no minimum redemption threshold needed: You can redeem points for any value, even as little as one penny, with the Bread Cashback American Express program, unlike other programs that have a minimum amount of their rewards currency required.
  • Absence of foreign transaction fees: You won’t have to pay an extra fee for using your card abroad when making purchases; you can use it everywhere. This gives tourists who wish to use the card overseas some flexibility.

What Are Some Drawbacks of Bread Cashback American Express Credit?

  • No welcome incentive: There isn’t a welcome benefit available to new cardholders for the Bread Cashback American Express card at this time.
  • Restricted alternatives for redemption: Redeeming your reward points may only be done by requesting a direct deposit into an account of your choosing or a statement credit. It is not possible to mix, trade, or exchange rewards for other items.
  • A select few US eateries are offering a dining discount. For a limited time, participating U.S. restaurants are offering complimentary appetizers or up to 20% off your dining bill. Only 11 American cities, the majority of which have less than 10 partner restaurants, offer the perk as of this writing.
  • No access to the app: The Account Center on your American Express card is the only place you can manage your Bread Cashback account online.

Is it Recommendable That You Get The Bread Cashback American Express Credit Card?

Compared to credit cards that just offer 1% or 1.5% cash back, Bread Cashback American Express credit card delivers a larger payout per dollar spent when it comes to flat-rate cash-back benefits. Nonetheless, Bread Cashback’s limitless 2% cash back on transactions has become more typical as the cash-back rewards industry expands.

The Bread Cashback American Express Card doesn’t necessarily have any obvious drawbacks. However, it lacks compelling features and benefits that would make it stand out from the competition.

How to Apply For Bread Cashback American Express Credit Card

  • Visit their official site at: https://breadcashback.breadfinancial.com
  • Scroll down to the “How do I apply for Bread Cashback American Express Credit Card?” Tab
  • Click on it
  • You will see an apply now button, click on it.
  • Follow all directives given to you as you fill out your application.
  • Submit and await feedback.

Conclusion

And there you have it, a complete review of the Bread Cashback American Express Credit Card. In as much as the card offers amazing Cashback features I recommend you check out other credit card options and compare so you can pick the card that truly fits your taste.

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