Last updated on September 19th, 2023
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Bread Cashback™ American Express® Credit Card
Bread Cashback™ American Express® Credit Card
Bread Cashback™ American Express® Credit Card
- 20.74%, 31.24%, or 35.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 26.99% variable based on the Prime Rate Balance Transfer APR
- 35.24% variable based on the Prime Rate Cash Advance APR
At a Glance
With the Bread Cashback™ American Express® Credit Card, holders can earn 2% unlimited cash back, with no rewards caps, opt-ins, or categories to manage. The card, from Bread (formerly Alliant Data Systems/ Comenity), offers even more value for cardholders thanks to no hidden fees – including an annual fee, membership fees, or foreign transaction fees.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- No foreign transaction fees
- Earn 2% cash back on all eligible purchases
- Regular Purchase APR: 20.74%, 31.24%, or 35.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 26.99% variable based on the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
- Cash Advance APR: 35.24% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: Up to $41
- Return Payment Penalty Fee: Up to $41
- You don’t want to pay an annual fee
- You prefer unlimited rewards to confusing categories
- You want access to Amex protections and Amex Offers
Bread Cashback™ American Express® Credit Card Review
The unlimited cash back crowd is a hotly competitive space. Now Bread (formerly Comenity) is looking to make versatile cash back rewards a breeze with its Bread Cashback™ American Express® Credit Card.
How to Earn Cash Back
The Bread Cashback Amex earns unlimited 2% cash back rewards on all eligible purchases. That earning rate applies to all eligible transactions, meaning things like these won’t earn you any rewards:
| Balance transfers | Card account checks | Unauthorized or fraudulent transactions |
| Cash advances | Returns for credit | Traveler’s cheques or foreign currency purchases |
| Lottery tickets | Money orders or wire transfers | Reloading of a prepaid debit or gift cards |
| Card fees, late fees, or finance charges | ||
Fortunately, with Bread, there is no limit to the total amount of cash back you can earn. There are also no confusing bonus categories, opt-ins, or any other confusing language. While those categories won’t earn cash back, they are the most with all other issues.
How to Redeem Rewards
Redeeming rewards with Bread is also simple and straightforward. Cardholders can redeem their cash back rewards for either statement credits (towards the minimum payment due, or to lower your total balance) or as a direct deposit into an associated bank account.
The redemption options leave a little to be desired – but only for those who prefer a greater variety of award options. The Citi® Double Cash Card and Wells Fargo Active Cash Card, for example, both allow cardholders to use rewards for travel, gift cards, and merchandise – something Bread does not allow.
How Does the Bread Cashback American Express Stack Up?
The 2% cash back with Bread’s new Cashback American Express Card is on par with several leading credit cards from leading issuers (namely the previously-mentioned Citi® Double Cash and the Wells Fargo Active Cash cards). Both cards also feature no cap on rewards and no annual fee.
Here’s how the three unlimited cash back credit cards mentioned compare:
 Bread Cashback Amex |
 Citi® Double Cash Card |
 Wells Fargo Active Cash Card |
|
| Annual fee | None | None | None |
| Rewards | Unlimited 2% cash back on all eligible purchases | Unlimited 2% back on all purchases (1% back when you purchase and 1% back when you pay) | Unlimited 2% back on all purchases |
| Intro APR | N/A | 0% for 18 months on balance transfers | 0% for 15 months on balance transfers and purchases |
Other Card Features
The Bread Cashback American Express Credit Card features include Amex protections and benefits. These protections include purchase protection for stolen or damaged items and ID theft insurance. Other protections include reimbursement for repair or replacement of car rentals made with the card and 24/7 emergency assistance.
Cardholders also enjoy access to a slew of Amex benefits, including:
- Amex Entertainment Access: Get early access to purchase tickets for concerts, theater, sports, and more, all year round.
- #AMEXFORFOODIES: Enjoy up to 20% off your bill or a free appetizer for dine-in or takeout at participating restaurants with Resy.
One great feature of the Bread Cashback American Express is access to Amex Offers. Amex Offers is similar to programs from other banks (think Citi Merchant Offers) and provides a selection of special savings for American Express cardholders. Many of these offers provide significant value for money, including deep discounts.
Other card features include:
- No annual fee
- No foreign transaction fees
- No penalty APR
Finally, the Bread Cashback Card provides American Express benefits and protections. While not as expansive as the Visa or Mastercard payment networks, Amex provides comprehensive protections to cardmembers, including the following:
| Extended Warranty | Return Protection | Car Rental Loss & Damage Insurance | Amex Concierge |
| Purchase Protection | Zero Fraud Liability | Trip Delay Insurance | Amex Offers |
Comenity (Bread) Ratings
How do Breads Financial and Comenity stack-up as a bank and credit card issuer? Here is a selection of expert and consumer ratings for the bank:
| BestCards | Better Business Bureau | TrustPilot |
|
2.5/5 |
N/A |
1/5 |
Should You Apply for the Bread Cashback™ American Express® Credit Card?
Unlimited cash back has its allure but is the Bread Cashback American Express worth considering? The answer may be yes for those who want uncomplicated cash back and have average credit.
The card’s unlimited cash back is solid – 2% cash back on all eligible purchases. That rewards rate is on par with several other leading cash back rewards cards, including the Citi Double Cash, the TD Double Up, and the Wells Fargo Active Cash.
However, the shortcoming with Bread Amex is the redemption options with those unlimited rewards. Bread only offers two redemptions options: statement credits or direct deposits. The other cards mentioned provide much more versatile rewards –especially the Citi card, which offers 1:1 transfers with over 17 airlines and hotels.
Ultimately, the Bread Cashback™ American Express® provides plenty of upside while avoiding many of the downsides of rewards cards for average credit scores.
