A Recession-Beating Product: Amex Blue Cash
There are some challenging moments for the American economy. The stock market is erratic, and inflation has reached a 40-year high. Having a credit card that can help you save money is essential in these trying times.
For people trying to conserve money during a recession, the American Express Blue Cash Everyday card is a fantastic choice. The card offers 1% cash back on all other transactions, 3% cash back in American supermarkets, and 2% cash back at American gas stations.
This indicates that you can profit materially from your regular expenditure. For instance, if you spend $500 a month on groceries and gas, you would receive $15 back. That would amount to $180 in a calendar year.
The American Express Blue Cash Everyday card offers a few additional advantages in addition to cash back incentives that may be useful in a downturn. For instance, since the card doesn't have an annual fee, you won't have to worry about paying money to keep the account active.
Additionally, the card provides extended warranty coverage and purchase protection, which can help you save money if you need to exchange or return an item.
Overall, consumers wishing to save money during a recession may consider the American Express Blue Cash Everyday card. The card has no annual fee and significant cash back returns on regular purchases.
The American Express Blue Cash Everyday card is a recession-fighting product for the following additional reasons:
- The interest rate is low. This implies that if you carry a balance from month to month, you'll pay less interest on it.
- Those with good or excellent credit should consider it. This is due to the card's requirement for a rather high credit score.
- The application and approval processes are simple. The application procedure is simple, and the majority of applicants are granted the card.
The American Express Blue Cash Everyday card is a terrific choice if you're looking for a credit card that will help you save money during a recession. It has no annual fee and significant cash back benefits on regular purchases.
Other credit cards that are excellent choices for preserving cash during a recession include the following:
*Citi Custom Cash Card: Up to $500 in cash back is available each month on your top eligible spending category with this card.
*Chase Freedom Flex: Up to $1,500 in cash back is available on rotating categories with this credit card each quarter.
*Finish it Cash Back: Up to $1,500 in cash back is available with this credit card each quarter on a variety of categories.
All of these cards have no annual fees and significant cash back benefits on regular purchases. These are excellent choices to think about if you're looking for a means to save money during a recession.
