As its name implies, this card is also a great card for your everyday spending. You earn 3% cash back on up to $6,000 spent each year at U.S. supermarkets, and 2% cash back at U.S. gas stations and select department stores in the U.S. You earn 1% cash back on all other purchases, and your cash back is received in the form of reward dollars that can be redeemed as a statement credit. This card also includes car rental loss and damage insurance, which is no longer a standard benefit on many popular cards.
There’s no annual fee for this card, but there is a 2.7% foreign transaction fee imposed on all charges processed outside of the United States.
Frugal credit card users often refuse to pay an annual fee to use a credit card, but still want to earn rewards. And if your priority is to earn as much cash back as possible, then you need a card that offers strong bonus categories. By featuring a valuable new account bonus, great bonus spending categories and having no annual fee, American Express is clearly hoping that this is the card that you end up using every day.