Blue Sky from American ExpressSM

From the CompareCards.com Editor Team:

Blue Sky from American Express is a terrific, multi-tasking travel credit card that delivers generous travel rewards, six months of purchases at 0% interest and a low fixed interest rate of 4.99% APR on balance transfers for the life of the loan.  Cardholders also benefit from access to discounts on brand name merchandise through American Express Selects as well as online account management features, fraud protection, travel insurance and more.

With the American Express Blue Sky card, cardholders have access to a rewards system that allows you to redeem points on travel related purchases such as airlines, hotels, rental cards and more. You can gain up to $100 off with every 7,500 points you collect. You earn 1 point for every dollar you spend on your card and there are no blackout dates or restrictions; so you redeem travel points any time you want. Add in the no annual fee and low regular interest rate and you have a great, well-rounded rewards card from American Express.

The Amex Blue Sky card is an excellent card choice for people who travel frequently and want to save on their travel expenses as well as take advantage of the great rewards system from American Express. Additional cards are always free so you can request more and share the benefits of this card with all of your family members.

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Overall Rating

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Introductory APR
0% APR for first 6 months on purchases; 4.99% fixed for life of balance on transfers made with application.

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Benefits
A great travel rewards card for anyone with good credit and the desire to earn travel rewards with no restrictions, no blackout dates, and no annual fee.

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Fees
None

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Regular APR
APR varies by credit history; variable 4.99%, 6.99% or 9.99% +Prime.

The Bottom-Line
The Amex Blue Sky program gives you great ways to earn rewards, plus super flexibility as far as how and when you can book travel using your rewards. In addition to a rather generous rewards program there are other attractive perks like no annual membership fee and a 0% intro APR rate. The interest rates on this card are reasonably competitive for rewards cards, as long you don’t make the mistake of triggering a rate spike due to a late payment.

The Good
Unlike many cards, this one lets you earn travel rewards that are not encumbered by restrictions and blackout dates, and you can use the rewards on virtually any airline, at any hotel, or with any car rental agency. There is no annual fee and you can start off with a 0% interest rate, so this is a great card for those who spend lots of money with their plastic and love to travel.

The Not So Good
Foreign transactions are 2.7% of each transaction after conversion to US dollars. But they are still not quite as high as those charged by other cards. Not everyone has good enough credit for an Amex card, which may be a hurdle for some.