New Blue Sky American Express Credit card
American Express is launching a new travel rewards credit card from tomorrow 22nd May 2008. The Blue Sky Card offers 1 point for every £1 you spend on the card.
The points can be used for any travel related purchase like flights, hotels, car rental, train travel, package holidays and cruise packages. If you earn 4000 points you’ll be given a £50 saving on any travel related purchase which equates to 1.25 per cent cashback.
Some of the benefits with this offer is that there are no limits on;
- The number of points that can be earned
- The length of time the points are valid
- The type of travel available for Cardmembers to redeem their points
The Blue Sky card also provides the following protection;
- Up to £200 for lost luggage
- Up to £100 for flight delays
- Up to £500 for missed flights (owing to public transport delays, accidents, transport cancellations, or car breakdown) or cancelled flights
There is no annual fee and 0 per cent on purchases for the first 6 months. Standard APR is 17.9 per cent Typical APR.
Vice President of UK Credit Cards for American Express, Tom Allder, said: “Our strategy is to reward Cardmembers on an on-going basis for their spending with us. We are continually looking for innovative ways to reward our Cardmembers.”
“We are expecting this Card to appeal to leisure travellers, who are not only looking to get best value for their travel expenditure but also want added safeguards to ensure their journey is a smooth one.”
“In today’s economic climate, people should be looking to make their plastic work for them. With no restrictions on the choice of travel rewards, or the number of points that can be earned, we believe this credit card will be a compelling proposition for today’s travellers.”
I suppose this is a good credit card if you do a lot of travelling but to be honest there are better cards around and much lower interest rates on offer, 17.9 per cent Typical APR isn’t exactly cheap these days. Unless the travel reward points are of real use to you, personally, I wouldn’t bother with this credit card.
As a quick comparison I’ve just visited Moneysupermarket.com and found these credit cards on their credit card homepage;
Low Standard Rate Credit Cards
Barclaycard Low Rate Special - 8.8 per cent Typical APR - 56 days interest free period. >>Proceed
Capital One Platinum - 9.9 per cent Typical APR - 56 days interest free period. >>Proceed
0 per cent purchase credit cards
Halifax One Online Special - 0 per cent for 10 months - 15.9 per cent Typical APR. >>Proceed
Capital One Platinum - 0 per cent until 01/03/2009 - 9.9 per cent Typical APR. >>Proceed
So you can see from just these 4 examples above there are cheaper credit card deals to be found if you do a bit of simple research. >>Click here to compare credit cards now!