American Express and Bread Financial™ have developed a new cashback credit card: The Bread Cashback™ American Express® Credit Card.

In terms of rewards, this is the best flat-rate cashback credit card currently offered on the American Express network. It also offers a very competitive advantage compared to similar offerings from other issuers.

Here, you’ll find what you need to know about your new card and other things to consider with your flat-rate cashback credit card.

Introduction of the new credit card

Bread Financial, formerly Alliance Data, is a fintech company that aims to make consumers’ lives easier by providing convenient payment and savings products. The company currently offers a wide range of co-branded credit cards, but the new company is seen as a flagship product that gives consumers the opportunity to earn 2% cash back on all purchases, which can be earned by direct deposit or bank statement identification.


While American Express has a reputation for serving primarily high-net-worth and creditworthy consumers, Bread Finance’s executive vice president and chief commercial officer Val Greer said rich consumer data and excellent underwriting practices are critical to the company’s ability to Better access to new cashback products.

Brot Cashback™ American Express® Credit Card Details

The Bread Cashback™ American Express® Credit Card offers solid benefits on credit cards with no annual fee, including:

  • 2% cash back on all purchases, unlimited
  • No annual fee or foreign transaction fee*
  • Discounts via American Express from travel partners like,, LoungeBuddy, Avis, and Hertz
  • Get American Express benefits, including purchase and return protection, identity theft insurance, American Express benefits, and additional dining and entertainment benefits

View rates and fees*

Two other credit card benefits are worth noting: buyer protection — a valuable benefit that some other credit cards have been stripped of in recent years — and return protection, a policy that can help consumers if they can’t return their products. Re not satisfied. American Express offers the latter benefit on several of its cards, up to $300 per claim and up to $1,000 per calendar year.


While the welcome bonus is a great way to start earning rewards with your new credit card, this new cash-back credit card doesn’t currently offer it. However, Greer told Select that this could change in the future. If you’re interested in a cash back credit card welcome bonus, check out Select’s list of the best cash back credit cards – for example, the Chase Freedom Flex℠ lets you earn $200 in cash back after your first three purchases of $500 a few months after opening an account .

Why you should consider a flat-rate cash back credit card

While travel credit cards generally grab the attention of most people for their outstanding benefits, cash-back cards also offer consumers a way to save on everyday purchases without the extra hassle of redeeming points and miles.


Select calculated how much cash back the average U.S. consumer can get from credit card rewards based on their annual spending. We partnered with location intelligence company Esri, which provided us with a sample annual spending budget of $22,126.

With the Bread Cashback™ American Express® Credit Card, you’ll end up earning $442 a year in cash back, and best of all, you can withdraw and use as much as you want, whether you’re funding an emergency or just one emergency The money is invested in a brokerage account.

Eliminating the hassle of redeeming points and miles and removing reward tiers could be a huge relief for many consumers. If you’re on a tight budget, you can passively save on monthly expenses with a flat-rate cash back card.

Bottom line

The Bread Cashback™ American Express® Credit Card is a solid choice for many consumers, offering competitive 2% cash back on all purchases. The card also offers useful travel-related benefits through American Express, and you’ll never have to worry about international transaction fees when using it while traveling abroad.

Before applying for a new credit card, it may be helpful to check your credit score to make sure it’s high enough to qualify. If for some reason it’s not as high as you’d like, consider signing up for a credit monitoring service so you can start improving your credit score.


Jake Smith

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Jake Smith

He is the editor of Eragoncred. Previously, he was editor-in-chief of Eragoncred and a financial industry reporter. Jake has spent most of his career as a Digital Media journalist and has over 10 years of experience as a writer and editor.