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Amex and Bread Financial Announce New 2% Cash Back Credit Card

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American Express and Bread Financial™ have created a new cash back credit card: the Bread Cashback™ American Express® Credit Card.

In terms of rewards, this is currently the best flat rate cashback credit card offered by American Express. It also offers very competitive advantages over similar products from other transmitters.

Here’s what you need to know about the new card and what to consider when it comes to credit cards with a lump sum refund.

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Presentation of the new credit card

bread financial, formerly known as Comenity, is a financial technology company that seeks to make life easier for consumers by offering simple payment and savings products. The company currently offers a wide variety of co-branded credit cards, but this new venture is considered a flagship product, offering consumers the opportunity to earn 2% cash back on all purchases, which can be received by direct deposit or on statement. credit.

And while American Express has earned a reputation for primarily serving affluent consumers and those with excellent credit ratings, Val Greer, executive vice president and chief commercial officer of Bread Financial, told Select that the large amount of consumer data and the company’s excellent underwriting practices make it possible to provide better access to the new cash back product.

Bread Cashback™ American Express® Credit Card Details

Bread Cashback™ American Express® Credit Card

On Bread Financial’s secure site

  • Awards

    2% cash back on all purchases without limit

  • welcome bonus

  • Annual subscription

  • Introduction AVR

  • Regular APR

    15.74%, 23.24% or 27.24%

  • Balance Transfer Fee

    Either $10 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fees

  • Credit needed


  • No annual fee
  • Flat rate 2% cash back on all purchases
  • Access to American Express benefits and protections

the Bread Cashback™ American Express® Credit Card comes with solid benefits for a card with no annual fee, including:

  • 2% cash back on all purchases, no limit
  • No annual fees or foreign transaction fees*
  • Discounts through travel partners such as,, LoungeBuddy, Avis and Hertz through American Express
  • Access to benefits from American Express, including purchase and return protection, identity theft insurance, Amex offers, and additional dining and entertainment benefits

To see rates and fees*

Notably, the card also has integrations with Bread Financial’s buy now-pay later product, BreadPay, and its high-yield savings account, Bread Savings. Greer says this strong set of financial products helps consumers save and gives them more options when it comes to spending the way they want.

Two other benefits of the card are worth mentioning: purchase protection – a valuable benefit that has been removed in recent years from some other credit cards – and return protection, a policy that can help consumers just in case. they would not be able to return a product they were dissatisfied with. American Express offers the latter benefit on many of its cards, covering up to $300 per claim and up to $1,000 in claims per calendar year.

And while a welcome bonus is a great way to start earning rewards on a new credit card, this new cash back credit card doesn’t currently offer one. Greer, however, tells Select that may change in the future. If you want to earn a welcome bonus on a cashback credit card, check out Select’s list of the best cashback credit cards, for example with the Chase Freedom Flex℠ you can get $200 cashback after spending $500 on purchases within the first three months of account opening.

Chase Freedom Flex℠

  • Awards

    5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1%), 5% cash back on travel booked through Chase Ultimate Rewards®, 3% on pharmacy purchases and meals (including eligible takeout and delivery services), 1% cash back on all other purchases

  • welcome bonus

    $200 cash back after spending $500 on purchases within the first three months of account opening

  • Annual subscription

  • Introduction AVR

    0% for the first 15 months from account opening on purchases and balance transfers

  • Regular APR

    14.99% to 23.74% variable

  • Balance Transfer Fee

    Introductory fee of $5 or 3% of each transfer amount, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of each transfer amount, whichever is greater.

  • Foreign transaction fees

  • Credit needed

Why You Should Consider a Lump Sum Refund Credit Card

While travel credit cards tend to grab attention due to their flashy perks, cashback cards also offer consumers the chance to save on everyday purchases, and without the added hassle of having to redeem. points and miles.

Select calculated the amount of Cash Back the average US consumer could earn in credit card rewards based on their annual spend. We worked with the firm location intelligence Esriwho provided us with an example of an annual expense budget of $22,126.

With the Bread Cashback™ American Express® Credit Cardyou could end up earning $442 in cash back every year, and the best part is that the money can then be withdrawn and used as you wish, whether you’re creating an emergency fund or investing in a savings account. brokerage.

Eliminating the hassle of redeeming points and miles and not having to track bonus categories can be a huge relief for many consumers. And if you’re working on a tight budget, a flat rate cashback card can help you passively save money on your monthly expenses.

At the end of the line

Information for the Bread Cashback American Express credit card was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.

For American Express Bread Cashback Credit Card rates and fees, click here.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.