American Express just launched a new cash back credit card, coined the “Blue Cash Everyday℠ Card.”

The credit card comes with no annual fee and no spend minimum, meaning you start earning cash back at the full percentages right off the back.

What you get in the way of cash back with the Blue Cash Everyday Card:

- 3% cash back at supermarkets
– 2% cash back at gas stations
– 2% cash back at department stores
– 1% cash back everywhere else

Rewards dollars can be redeemed once your balance is $25, and can be used for cash, gift cards, statement balances, or other merchandise, such as electronics, clothing, and more.

0% APR for up to 12 Months

The Blue Cash Everyday Card also comes with 0% APR for up to 12 months on purchases, meaning you won’t have to pay any credit card finance charges for the first year.

After that, the variable APR ranges from 17.24% to 21.24%, depending on things like credit score and other borrower attributes.

The card also affords you discounts at places like 1-800-FLOWERS.COM®, Fleming’s® Prime Steakhouse & Wine Bar, Hertz®, and other merchants.

You can see a complete list of partners and offers here.

You can also receive a $25 referral bonus for each friend or family member who is approved for the Blue Cash Everyday Card.

Final Word

If you use your credit card at supermarkets, gas stations, and department stores often, this could be the card for you.

The categories are fixed, so you won’t have to worry about them rotating in and out, like the rewards programs offered by other card issuers.

And with no annual fee, it’s a great choice for those who want the benefits of American Express without the cost.

Apply here.

Disclaimer: This content is not provided or commissioned by American Express. Opinions express

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For the novice or aspiring cardholder, credit card applications and offers can be quite confusing, considering all of the seemingly esoteric terminology used by financial institutions. Without the proper understanding of the terminology, cardholders can be persuaded into applying for credit cards that charge unfair fees and interest rates. Before applying for a card, applicants should understand the following important credit card terminology:

Balance

Since credit cards are actually ongoing loans, the term “balance” can be somewhat confusing, as the money within the credit card account does not technically belong to the cardholder. The credit card balance is defined as the total sum of all purchases, cash advances, card fees and finance charges. In

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As credit card companies compete heavily to solicit new customers by offering lower interest rates they have to find creative ways to recuperate some of the profits that they lose due to these lower interest charges. There are a plethora of different types of credit card fees that cardholders are subject to.

The following paragraphs outline five of the more common credit card fees which are likely to be encountered.

Late Payment Fees

Late payment penalties account for millions of dollars in charges, and no credit card is immune to them. These fees usually range from $15-$40 per billing cycle and are incurred every time a payment is missed or less than the minimum amount due is paid.

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It’s a simple fact that to get the best credit card, you need a high credit rating. Generally, you build your credit rating over years and years of responsible bill payments, credit use, and financial management. But what if you just need to give your score a little boost? Can you do it quickly?

Of course you can! They recalculate credit scores on a monthly basis, so with a few small changes, you can give yourself a fairly significant boost. It’s impossible to say how significant, since credit scores vary — but it can make a difference.

Boost Your Score

Most ways to quickly raise your credit rating involve your credit card. Although your loans, mortgage, etc. obviously contribute to your credit score, your credit card makes the biggest difference, and is also the easiest to change quickly.

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Credit card issuer Chase recently launched the “British Airways Visa Signature® Card,” a fairly aggressive airline rewards credit card that comes with an astonishing 50,000 mile bonus upon your first purchase.

On top of that, it offers an additional 50,000 bonus miles if you spend $2,500 on the credit card during the first three months.

100,000 Mile Bonus

With the 100,000 miles in hand, you’ve got enough for two (2) transatlantic flights.

In other words, you can fly to Europe and back twice if you live in the United States, free of charge, less taxes, fees, and surcharges, which I suppose can add up.

You also earn 1.25 British Airways miles per $1 spent on standard purchases and 2.5 British Airways miles for each $1 in British Airways purchases.

Travel Together Ticket

Additionally, if you spend $30,000 in any single calendar year, you can earn a “Travel Together Ticket,” which is a companion airline ticket used in conjunction with the card member’s award flight.

The British Airways Visa Signature® Card also waives all foreign transaction fees, being one of the few credit cards to do so (Discover and Capital One offer similar credit cards).

And when you apply for the British Airways Visa Signature® Card, you are automatically enrolled in the British Airways Executive Club.

Alaska Airlines, American Airlines, Brussels Airlines, Cathay Pacific, Finnair, Iberia, Japan Airlines, LAN, Malev, Qantas and Royal Jordanian are partner airlines.

Annual Fee and Charges

The downsides to this card, aside from a lack of introductory 0% APR, are the annual membership fee of $95 and any fees and taxes that must be paid on flights, as they’re now fairly hefty.

Beware: A flight to Europe may have fees of a few hundred dollars…

But if you don’t carry balances and love to travel, this card does have the potential to save you quite a bit of money.

Related: Best cash back credit card.