Blue Cash Rewards Upgrade!

One of my least favorite things about our Blue Cash card, the annual cash back redemption will be changing soon.  In the middle of next month American Express is upgrading the way that you redeem your cash back rewards for Blue Cash.

Right now your rewards show up as a credit on your statement, once a year, on your annual anniversary of opening the card.  The change will allow you to access your cash back after you’ve earned at least $25 of rewards.  It sounds as though they might also offer gift cards and merchandise as alternatives to the cash back as well.

It seems that most other cards allow you to get you rewards more frequently than once a year so I’m glad that American Express is considering changing the redemption policy.

Blue Cash Bonus

I also got another email about the Blue Cash bonus they’re offering where you get $25 if you refer a friend and they open a Blue Cash card.  The promotion is ending in two weeks, here’s the email:

“It’s simple. When you invite your friends and family to experience Blue Cash from American Express, you can get a $25 Statement Credit for each approved referral. So if you refer 4 friends, you can get a $100 Statement Credit.

Plus, each approved friend or family member can also get a $25 Statement Credit for themselves when they use the Blue Cash Card for the first time.

There is no limit on how many people you can refer—and the Statement Credits you can get. Introduce friends and family to a good thing and watch your rewards add up fast.”

This offer was actually set to expire back in August but they extended it until this month.  I suppose they could always extend it again but right now it’s scheduled to end in two weeks.

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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