Credit Cards

Pan Cashback American Express Credit Card Review

Editorial IndependenciaWe want to help you make more informed decisions. Certain clearly marked links on this page may take you to a partner website and may earn us a referral fee. For more information, see How we make money. Terms apply to American Express benefits and offers. Enrollment may be required for some American Express benefits and offers. Visit americanexpress.com for more information. Pan Cashback™ American Express® Credit Card Editor’s Score: (N/A)

Editor’s Score: (N/A)

Last updated May 30, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Offer:

    N/A

  • ordinary APR:

    15.74%, 23.24% or 27.24%

  • Recommended Credit Score:

    670-850 (Good to Excellent)

NextAdvisor’s Take

advantage

  • Earn 2% flat cash back on every purchase
  • No annual fee
  • No foreign transaction fees
  • Comes with Amex benefits

Cons

  • No welcome offer
  • high APR
  • Limited redemptions for rewards
  • No introductory APR offer for purchases or balance transfers

The bottom line

The Bread Cashback American Express Credit Card offers an easy way to earn 2% cash back with no annual fee. There are some cardholder perks like dining discounts and purchase protection, but the card lacks the welcome bonus and introductory APR benefits you’ll find on many of the best cash back cards on the market today.

Additional card details

  • Variable APR from 15.74% to 27.24%, based on creditworthiness
  • Comes with access to Amex deals
  • Buy protection against damage or theft
  • Secondary Auto Rental Coverage
  • Access to entertainment through Amex
  • Access to Amex offers
  • Up to 20% off your bill or a free appetizer at participating restaurants through Resy

Pan Cashback American Express Credit Card Full Review

card type

The Bread Cashback American Express Credit Card is a cash back credit card, and it’s one of the few options that offers a flat 2% cash back with no annual fee required.

Annual quota

You won’t pay an annual fee to carry the Bread Cashback American Express credit card.

Welcome Offer

The Bread Cashback American Express credit card does not have a welcome offer of any kind, which is a drawback compared to other flat cashback options.

introductory offer

The Bread Cashback American Express Credit Card does not come with an introductory APR for purchases or balance transfers, unlike many other cash back credit cards.

rewards

Cardholders get unlimited 2% cash back on every purchase, with no caps or categories to track.

Rate

There are no annual fees or foreign transaction fees, and the ongoing APR for this card is 15.74% to 27.24%, depending on creditworthiness. Balance transfers and cash advances are charged 5% with a $10 minimum. If you pay late or your payment is returned, you may be charged a fee of up to $41.

Other benefits

This card comes with access to Amex offers, which you can use to get discounts or cash back on specific purchases, when you activate the offer before you make a purchase.

Another Amex benefit is a 20% discount on your bill or a free appetizer at participating restaurants through Amex’s partnership with Resy. You can explore eligible restaurant locations and offers on the American Express website. Unfortunately, there aren’t many restaurant options where you can get these perks outside of major US cities. And even in large metropolitan areas, options are few and far between.

You’ll also get purchase protection against damage or theft for 90 days after you make a purchase, which is good for up to $1,000 per loss and up to $50,000 per cardholder account every 12 months. Plus, get secondary auto rental coverage (up to $50,000 in coverage per rental) as travel protection.

Benefits of the American Express Pan Cashback Credit Card

Consider getting the Bread Cashback American Express credit card if you want 2% cash back with no annual fee or foreign transaction fees. This card may also be a good option if you enjoy Amex benefits, such as Amex offers for discounts or rewards when you shop at participating restaurants and stores.

Disadvantages of the American Express Bread Cashback credit card

The Bread Cashback American Express credit card has some major drawbacks, especially when compared to similar cash-back credit cards. There’s no welcome offer when you sign up, and you won’t get a 0% introductory APR on purchases or balance transfers.

When you look at other rewards credit cards with no annual fee, many offer 0% APR on purchases, balance transfers, or both for a limited time. Most also come with a welcome offer of at least $150 to $200 when you can meet a minimum spending requirement within the first few months.

Finally, many cash back credit cards allow you to redeem your rewards for flexible options like gift cards, merchandise or travel, in addition to cash back.

How to use the Bread Cashback American Express credit card

If you choose to sign up for the Bread Cashback American Express credit card, you can maximize your rewards by using the card for all your purchases and bills, to accumulate as much cashback as you can with the 2% cashback rate over time. .

However, as with any card, make sure you always have a plan to pay your balance in full each month and not charge more than you can afford. If you carry a balance, this card’s sky-high APR (15.74% to 27.24%, depending on creditworthiness) will cost you much more than the 2% cash rewards.

If you plan to make a large purchase that you want protection for, this card’s purchase protection benefit may be helpful. Bread Cashback American Express credit card retail protection applies for damage or theft for up to 90 days from the date of purchase. Coverage is also valid up to $1,000 per loss and up to $50,000 per cardholder account every 12 months.

Bread Cashback American Express Credit Card Compared to Other Cards

  • Introductory offer:

    N/A

  • ordinary APR:

    15.74%, 23.24% or 27.24%

  • Recommended Credit:

    670-850 (Good to Excellent)

  • More informationexternal link icon On our partner’s secure site

More information external link icon

Wells Fargo Active Cash® Card

Editor’s Score: (4.6/5)

Editor’s Score: (4.6/5)

bounty rate: 5.0

welcome bonus: 4.5

annual fee: 5.0

other cost rates: 3.0

intro april: 5.0

other benefits: 3.5

simplicity: 5.0

April in progress: 3.0

Last updated May 30, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory offer:
  • Annual quota:

    $0

  • ordinary APR:

    15.74%, 20.74% or 25.74% Variable APR

  • Recommended credit:

    670-850 (Good to Excellent)

  • Apply nowexternal link icon On Wells Fargo’s secure site See rates and charges.

More information external link icon Chase Freedom Unlimited®

Chase Freedom Unlimited®

Editor’s Score: (4.7/5)

Editor’s Score: (4.7/5)

bounty rate: 5.0

welcome bonus: 5.0

annual fee: 5.0

other cost rates: 4.0

intro april: 4.0

other benefits: 5.0

simplicity: 3.0

annual percentage rate: 3.0

Last updated May 30, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Offer:Earn an extra 1.5% cash back
  • Annual quota:

    $0

  • ordinary APR:

    15.24% to 23.99% Variable

  • Recommended Credit:

    670-850 (Good to Excellent)

  • Apply Nowexternal link icon On Chase’s secure site

Is the Bread Cashback American Express Credit Card Right for You?

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any association or advertising relationship.

If you want 2% cash back with no annual fee, this card is a solid option. Other Amex benefits, including access to Amex deals, access to advance ticket sales, and Resy restaurant discounts, could also make the card more attractive.

That said, there are other rewards cards that offer the same rate and no fee, but also come with a welcome offer, an introductory APR, and more ways to redeem your rewards.

Before you apply, always be sure to compare all the options available to you before you decide, from rewards credit cards to other cash back cards with no annual fee, and compare the rewards and benefits that fit your habits spending and goals.

Frequently asked questions (FAQ)

Does the Bread Cashback American Express credit card charge foreign transaction fees?

The Bread Cashback American Express credit card does not charge foreign transaction fees.

How can you redeem rewards with the Bread Cashback American Express credit card?

You can redeem rewards for cash back or a statement credit.

Is the Bread Cashback American Express credit card a metallic credit card?

The Bread Cashback American Express credit card is not a metal credit card.

What bank issues the Bread Cashback American Express credit card?

Despite operating on the American Express card network, the Bread Cashback American Express credit card is issued by Comenity Bank.

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