What good is a credit card without a bonus, right? While not over the top by any stretch, a $1,000 spend in 3 months will yield a 7,500 point bonus, which is good for a $100 statement credit towards travel costs (airline tickets, hotel stays, car rentals, and cruises). Free $100, uh yes please!
You get 1 point for every dollar spent, and you need to hit increments of 7,500 points to utilize the $100 statement credits towards travel. That translates to 1.33% which is great compared to the 1% kick back you typically see with other cards. There are other types of rewards that can trigger at lower amounts than 7,500 points, but in our opinion, these other deals are not as value-based and thus are simply not worth it.
Since you are getting a statement credit, this actually gives tremendous value in the sense that you are not restricted by the rules of any airline, hotel, car rental agency, or cruise line. You simply put the transaction on your card, and when it shows up on your statement, you apply the credit. No more worrying about black-out dates or peak/off-peak issues. This statement credit also works with travel purchases made on sites like Expedia, Travelocity, Orbitz, Hotwire, etc. (Rumor has it, you can also use the statement credit for AirBnB - I would check first with AMEX before applying your credit towards this!)
Car Rental Loss and Damage Insurance*
When you reserve your car rental and pay for the entire eligible rental and decline the collision damage waiver offered by the rental company, you can be covered if the car is damaged or stolen. Keep in mind this is contingent coverage, meaning it is secondary to any primary coverage that may be in place.
Car Rental Discount*
When you reserve your car rental and pay for the entire eligible rental with the Blue Sky card, you are eligible for many perks with car rental agencies. They range from discounts up to 25%, free upgrades, free weekend rental days, and much much more.
If you have other cards that you want to focus your travel spending on, we understand. If you are going to purchase a big ticket item though, you may want to use this Blue Sky. For eligible purchases that have a US
Manufacturers warranty of 5 years or less, if you put the purchase on this card, AmEx can provide up to one extra year on the warranty. We told our family about this and they have used our card to purchase many items already just to get that extended warranty. A flatscreen TV, Microwave, and PS4 so far, we kid you not!
When you charge a covered purchase on your card Blue Sky, this can help protect your purchase for up to 90 days from the date of purchase if it is stolen or accidentally damaged. Not something you are necessarily counting on, but pretty nice to know that all hope is not lost if something unexpected happened.
AmEx may refund you the full purchase price, excluding shipping/handling, if you purchased an item entirely with your Blue Sky card. $300 max per item and the item must be in “like new” condition and you must not be able to return it to the merchant.
There are many other perks that the American Express Blue Sky offers, but we only wanted to mention those that we have found to be most beneficial. When you add up everything this card has to offer it really is a great deal, best of all, with no annual fee! How awesome is that?
It's also worth noting that there is also a Preferred version of this card - the AMEX Blue Sky Preferred. Although that particular card has more perks, it does carry at $75 annual fee. If you are in the market for a travel rewards card and don't mind carrying an annual fee, we would suggest looking into that version as well.
How do you like the American Express Blue Sky compared to other no annual fee cards currently on the market?
*Subject to full policy terms and conditions of each respective item. Restrictions may apply.
Anneli & I are not professional financial advisors. Please consult with a finance or tax professional before implementing any of our suggestions in this article.