Bread Cashback American Express Credit Card Review: Good for Flat 2% Cash Back, Light on Benefits

Bread Cashback American Express Credit Card Full Review

Card Type

The Bread Cashback American Express Credit Card is a cash back credit card, and it’s one of a few options that offer a flat 2% cash back with no annual fee required.

Annual Fee

You won’t pay an annual fee to carry the Bread Cashback American Express Credit Card.

Welcome Offer

The Bread Cashback American Express Credit Card does not have a welcome offer of any kind, which is a drawback compared to some other flat cash back options.

Introductory Offer

The Bread Cashback American Express Credit Card does not come with an introductory APR for purchases or balance transfers, unlike many other cash back credit cards.

Rewards

Cardholders earn an unlimited 2% cash back on every purchase, without any caps or categories to keep track of.

Fees

There’s no annual fee and no foreign transaction fees, and this card’s ongoing APR is 15.74% to 27.24%, based on creditworthiness. Balance transfers and cash advances both carry a 5% fee with a $10 minimum. If you pay late or your payment is returned, you may be charged a fee up to $41.

Other Benefits

This card comes with access to Amex Offers, which you can use to get discounts or cash back on specific purchases, when you activate the offer before a purchase is made. 

Another benefit from Amex is 20% off of your bill or a free appetizer at participating restaurants through Amex’s partnership with Resy. You can explore eligible restaurant locations and deals on the American Express website. Unfortunately, there aren’t many restaurant options where you can score these added benefits outside of major U.S. cities. And even in big metropolitan areas, options are scarce.

You’ll also get purchase protection against damage or theft for 90 days after making a purchase, which is good for up to $1,000 per loss and up to $50,000 per cardholder account every 12 months. Plus, receive secondary auto rental coverage (up to $50,000 in coverage per rental) as a travel protection.

Benefits of Bread Cashback American Express Credit Card

Consider getting the Bread Cashback American Express Credit Card if you want to earn 2% cash back with no annual fee and no foreign transaction fees. This card can also be a good option if you enjoy Amex benefits like Amex Offers, for discounts or rewards when you shop at participating restaurants and retailers.

Drawbacks of Bread Cashback American Express Credit Card

The Bread Cashback American Express Credit Card has a few major downsides, especially in comparison to similar cash back credit cards. There is no welcome offer when you sign up, and you won’t get an intro 0% APR on purchases or balance transfers.