Credit Card Review: Blue Sky from American Express®

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Estimate Reward Earnings

No matter how many miles you wrack up on your frequent flier credit card, those miles won't do you any good if you can only use them with an airline that only travels on the other side of the globe. But when you use the Blue Sky card, you'll always have the flexibility and options that you need. This card, issued by American Express, lets you use your miles with the airline of your choosing at the time that suits your schedule, so you can always take advantage of the rewards that you have earned.

When you use your Blue Sky credit card, you will automatically earn one point for every single dollar that you spend. There are no restrictions on the category of purchases that you can earn points on, and no restrictions on where you can make those purchases. No matter what you're buying or where you're buying it, you'll always be earning points toward your next vacation.

Many frequent flier credit cards put a cap on the number of points that you can earn through their rewards program, but not this card. There is no earning limit, and you'll never have to worry that your points will disappear before you can use them. As long as your account stays active and in good standing, your points will always be there for you when you want them. You can redeem your points for discounts on any flight, hotel, rental car or cruise that you want, without having to work around any blackout dates or travel restrictions whatsoever.

In addition, you will receive various Blue Sky cardholder benefits. This credit card offers auto rental insurance, so you can rent a car worry-free while traveling, and an online year-end financial statement, to help you keep your finances in order. You will also receive a unique service called "Return Protection", which will credit you for up to $300 for any purchases that you make that are non-refundable within 90 days.

This card has a reasonably low interest rate on purchases, and comes with no annual fee. It offers an introductory interest rate of 0% for a period of six months, and a low interest of 4.99% on any balance transfers that you initiate during your application process, will last as long as it takes you to pay that balance off. This card offers great benefits, and asks very little in return.

(Review Updated: March 10, 2008)

Estimate Reward Earnings

0% Intro APR on Purchases for 6 months
10.24% Regular Variable APR for Purchases
20.24% Regular Variable APR for Cash Advances

20 days Grace Period

(* A 4.99% introductory rate is available on balance transfers for the life of the loan if a transfer is submitted during the application process.)

Finance Configuration: Average daily balance (including new purchases).

Additional Cardholders: $0

Late Payment Fee: Subject to applicable law, $19 on balances less than $400 and $38 on balances $400 or greater.

Over-The-Limit Fee: $35, subject to applicable law.

Cash Advance Fee: 3% of each transaction with $5.00 minimum and no maximum.

Balance Transfer Fee: 3% of each balance transfer associated with this offer ($5 min./$99 max. per transfer). Future balance transfers may incur a fee as disclosed at the time of the applicable offer or transaction.

Minimum Credit Limit: n/a

Maximum Credit Limit: n/a

Type of Reward: Point

Points per Dollar: 1.00

Additional Points: Redeem points for savings-up to $100 off for every 7,500 points.Use the points for any airline, any hotel, any cruise or any car rental - no blackout dates, advance purchase requirements, hotel room restrictions, or travel restrictions.

Bonus Points First Purchase: n/a

Bonus Points Other: n/a

Expiration: Points do not expire provided the card remains active and in good standing.

Yearly Limit: None

Additional Features for Blue Sky from American Express®:

Various Internet account related services.
Purchase protection.
Year-end financial statement (online).
Return protection.
Extended warranty for purchases.
Auto rental insurance.
Various travel and emergency assistance services.
Emergency card replacement.
Up to $250,000 in travel accident insurance.
See website for additional benefits.

Important Notes for Blue Sky from American Express®:

The APR for purchases varies according to the applicant's credit history and will be 4.99%, 6.99% or 9.99% + Prime Rate.
Card is currently unavailable to residents of Puerto Rico.
See website for complete terms and conditions of card usage and application disclosure.

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Notes: The review on Blue Sky from American Express® was updated on March 10, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.