American Express Blue Sky Review: Is This Card Just Another Gimmick?
Does Blue Sky really have worthwhile benefits or is it just another credit card that doesn't deliver? This updated review (March 2014) shows you the facts.
Travel rewards aren't always a preferred choice. Why? Because so many programs use sneaky tricks like blackout dates, penalties for booking less than 21 days from departure, etc. To make matters worse, many charge you an annual fee. So when the Blue Sky credit card came out, a lot of suspicion was in order. Dozens of travel credit card offers have been reviewed on this site and many of them are a scam. Was the Blue Sky going to be any better?
Surprisingly, it was determined that the American Express Blue Sky card is completely different from the others. Here are 10 reasons why it's a solid choice if you're seeking travel rewards...
#1 – Excellent Point Value
Let's be honest... rewards are the main reason most of us are interested in credit cards anyway. Without rewards, we would probably just stick to our debit cards. As you may already know, many cash-back, points and airline cards provide rewards that equate to 1 percent of each dollar spent, or less.
At first, the Blue Sky appears to be the same: You earn 1 point for virtually every dollar you spend on eligible purchases. But unlike most cards, these points can be worth more than 1 percent. Every 7,500 points that you earn can be redeemed for a $100 statement credit toward any airline ticket, hotel stay, car rental or cruise.
That means the American Express Blue Sky offers rewards that can be worth 1.33 percent on your spending!
And right now you can earn a welcome bonus of 7,500 points (redeemable for a $100 statement credit) after you use your new card to make $1,000 in purchases within the first 3 months. With the above link you will also get a 0 percent intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 17.24 percent to 22.24 percent.
#2 – Hassle-Free Rewards Redemption
With the Blue Sky card, you don't have to worry about things like peak and off-peak, blackout dates, and other tricks. In fact, you don't even have to worry about which airline has the better deal on the ticket you want. Instead this is how it works...
- American Express allows you to book your own travel however you wish. You can buy from a site like Expedia or even directly with an airline or hotel.
- After you do that, just redeem your points to offset your eligible travel purchase and American Express will give you a $100 statement credit for every 7,500 points! This is a huge benefit; you can choose the best deal out there, and in doing so, you are making your reward points go even further!
- The rewards on Blue Sky are so flexible, you can use them for almost any travel related purchases, such as airline tickets, car rentals, cruises, hotel stays, and more.
#3 – Car Rental Loss and Damage Insurance
Why pay extra for insurance on your rental car? When you use your Blue Sky credit card to reserve and pay for an eligible auto rental, you can be covered if the card is damaged or stolen. Consult the issuer for Terms and Conditions. This is one of the most valuable card perks since it can save you around $30 a day on unnecessary card rental insurance fees. It can also save you a fortune if you ever actually have to make a claim since it covers your primary auto insurance deductible and any loss-of-use fees charged by the rental agency.
#4 – Travel Accident Insurance
This benefit is one you hope you'll never have to use – but having it can make traveling a lot less stressful knowing your loved ones would be covered in case of an accident. Travel Accident Insurance can provide accidental death and dismemberment coverage while you're traveling on a Common Carrier Conveyance (plane, train, ship, helicopter, or bus) when the entire fare has been charged to the eligble card. Consult issuer for exclusions, terms and conditions.
#5 – Extended Warranty
Have you ever purchased something only to have it break down right after the warranty expires? The computer industry seems to have figured out how to expertly manage planned obsolescence (maybe it's some kind of software bug that causes them to self-destruct at some predetermined date). For example, let's say you used your card to buy a new iPad that came with a one-year manufacturer's warranty. After you have it a year and a half, the screen goes bad.
Replacing that part would normally cost you several hundred dollars. But if it was an eligible purchase made with your AmEx Blue Sky, the extended warranty benefit might save the day. Consult issuer for terms and conditions.
#6 – Purchase Protection
Accidentally damaging something after we buy it is extremely frustrating, but it doesn't have to be. With the Blue Sky credit card, you have the Purchase Protection on eligible purchases. If an eligible purchase is accidentally damaged or stolen within the first 90 days, you may qualify for reimbursement of up to $1,000 per occurrence. Consult issuer for terms and conditions.
So if you accidentally break that new pair of shades by dropping them on the concrete, you might be covered if you bought them with your American Express Blue Sky.
#7 – Return Protection
Returning merchandise isn't always easy. Maybe you lost the receipt or the store just doesn't accept returns or you've missed the store's 30 or 60 day return window. Perhaps the store may wrongfully claim the item isn't in the same condition as it was sold. Whatever the reason, you are left dissatisfied with your original purchase item.
When you make eligible purchases with your Blue Sky card, you will have the Return Protection benefit.
If you try to return an eligible item purchased fully with your eligible American Express Card in the U.S., the District of Columbia, Puerto Rico or the U.S. Virgin Islands within 90 days from the date of purchase and the merchant won't take it back, American Express can refund the purchase price – up to $300 per eligible item, excluding shipping and handling, up to $1,000 annually per card account. This is a sweet perk that not many people are aware of or utilize. Consult issuer for terms and conditions.
#8 – No Annual Fee
After reading all these benefits, you were probably guessing this card carried a hefty annual fee. Guess what? There's no annual fee! Zip!
#9 – The Current Bonus (as of March 2014)
At the moment they're running an excellent promotion on it. A while back I remember this card didn't come with any bonus whatsoever, so now is definitely a good time to apply.
#10 – Blue Savings Program
With the Blue Savings Program, you can get additional discounts at participating partners. However, this program is being phased out and will end on March 31, 2014. Until then, you can get discounts at 1-800-flowers.com and 1-800-baskets.com