You’ve seen cash back offers from Chase, Citibank and Discover; here’s one from American Express. The Blue Sky Preferred® from American Express is offering new cardholders a welcome bonus offer 15,000 point bonus after you use your new card to make $1,000 in purchases within the first three months. Those points can be traded in for a $200 statement credit which can be used toward eligible purchases of airline tickets, hotel stays, or other type of travel. And, unlike the other similar bonuses, this card is the only one that qualifies as a travel rewards card.
Blue Sky Preferred® from American Express has a great rewards program with a few unique features. The most prevalent feature provides eligible cardholders up to $100 credit toward airline fees every year. This means that American Express will pick up the tab on your checked baggage fees, in-flight entertainment fees or even your in-flight headphones, up to $100 annually. In addition to the $200 bonus statement credit and $100 annual flight credit, you’ll also earn rewards points in the following amounts on eligible purchases:
- Two points per dollar at U.S. restaurants, for hotel rooms and for car rentals
- One point per dollar for other purchases
- Points are earned only on eligible purchases
Since 7,500 points can be redeemed for $100 statement credit, your points are worth more than the typical one-to-one ratio. With this card, 75 points are equivalent to one dollar rather than 100 points. You can earn your cash 33% faster with the Blue Sky Preferred® from American Express.
Blue Sky Preferred® from American Express cardholders have access to travel protection for example Global Assist® Hotline and Travel Accident Insurance and when you redeem your points for travel, there are no blackout dates or restrictions of any kind. An added bonus of 0% introductory APR for fifteen months on purchases and balance transfers makes this card even better. There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. There is one obvious drawback: cardholders must pay a $75 annual fee. If you travel enough to take advantage of the $100 in flight credits, the fee is not enough to offset the positives of this card.
The Blue Sky Preferred® from American Express welcome bonus offer discussed in this article is not available to applicants who have had this product within the last 12 months or any other Consumer Blue Sky® Card account within the last 90 days.
If you find yourself flying different airlines frequently, consider using the Blue Sky Preferred® from American Express to book your future travel purchases.
Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit or charge card prior to applying.
Updated August 14, 2013 and originally published November 5, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.