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Bread Cashback American Express Credit Card Review: Good for Flat 2% Cash Back, Light on Benefits

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. 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 to learn more.
Bread Cashback™ American Express® Credit Card
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Bread Cashback™ American Express® Credit Card
Editor’s Score: (N/A)
Learn more externa link icon At our partner’s secure site.
Bread Cashback™ American Express® Credit Card
Editor’s Score: (N/A)
  • Intro offer:
    N/A
  • Regular APR:
    15.74%, 23.24%, or 27.24%
  • Recommended credit score:
    670-850 (Good to Excellent)

NextAdvisor’s Take

Pros
  • 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 intro APR offer for purchases or balance transfers
The Bottom Line
The Bread Cashback American Express Credit Card offers a seamless way to earn 2% cash back with no annual fee. There are a few cardholder perks, like dining discounts and purchase protection, but the card is lacking in welcome bonus and introductory APR benefits that you’ll find from many of the best cash back cards on the market today.

Additional Card Details

  • Variable APR of 15.74% to 27.24%, based on creditworthiness
  • Comes with access to Amex Offers
  • Purchase protection against damage or theft
  • Secondary auto rental coverage
  • Entertainment access through Amex
  • Access to Amex Offers
  • Up to 20% off of your bill or a free appetizer at participating restaurants via Resy

Bread 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 a few options that offer a flat 2% cash back with no annual fee required.

Annual Fee

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 some other flat cash back 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 earn an unlimited 2% cash back on every purchase, without any caps or categories to keep track of.

Fees

There’s no annual fee and no foreign transaction fees, and this card’s ongoing APR is 15.74% to 27.24%, based on creditworthiness. Balance transfers and cash advances both carry a 5% fee with a $10 minimum. If you pay late or your payment is returned, you may be charged a fee 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 a purchase is made. 

Another benefit from Amex is 20% off of your bill or a free appetizer at participating restaurants through Amex’s partnership with Resy. You can explore eligible restaurant locations and deals on the American Express website. Unfortunately, there aren’t many restaurant options where you can score these added benefits outside of major U.S. cities. And even in big metropolitan areas, options are scarce.

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

Benefits of Bread Cashback American Express Credit Card

Consider getting the Bread Cashback American Express Credit Card if you want to earn 2% cash back with no annual fee and no foreign transaction fees. This card can also be a good option if you enjoy Amex benefits like Amex Offers, for discounts or rewards when you shop at participating restaurants and retailers.

Drawbacks of Bread Cashback American Express Credit Card

The Bread Cashback American Express Credit Card has a few major downsides, especially in comparison to similar cash back credit cards. There is no welcome offer when you sign up, and you won’t get an intro 0% 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 let you redeem your rewards for flexible options like gift cards, merchandise or travel in addition to cash back.

How to Use Bread Cashback American Express Credit Card

If you decide 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 rack up as much cash back as you can with the 2% cash back rate over time. 

However, like 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%, based on creditworthiness) will cost you a lot more than the 2% cash rewards.

If you plan to make a large purchase you want protection for, this card’s purchase protection benefit can be helpful. Retail protection from the Bread Cashback American Express Credit Card is applicable for damage or theft for up to 90 days from the purchase date. Coverage is also good for 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

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Bread Cashback™ American Express® Credit Card

Bread Cashback™ American Express® Credit Card

Editor’s Score: (N/A)
  • Intro offer:
    N/A
  • Regular APR:
    15.74%, 23.24%, or 27.24%
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Learn More externa link icon
Wells Fargo Active Cash® Card

Wells Fargo Active Cash® Card

Editor’s Score: (4.6/5)
  • Intro offer:
    $200 cash rewards
  • Annual fee:
    $0
  • Regular APR:
    16.49%, 21.49%, or 26.49% Variable APR
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Wells Fargo’s secure site See Rates & Fees.
Learn More externa link icon
Chase Freedom Unlimited®

Chase Freedom Unlimited®

Editor’s Score: (4.7/5)
  • Intro offer:
    Earn an Additional 1.5% Cash Back
  • Annual fee:
    $0
  • Regular APR:
    15.74% – 24.49% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At 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 partnerships or advertising relationships.

If you want to earn 2% cash back with no annual fee, this card is a solid option. Other benefits from Amex, including Amex Offers access, access to early ticket presales and restaurant discounts from Resy could also make the card more appealing.

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 make sure you compare all the options available to you before you decide — from rewards credit cards to other no annual fee cash back cards and compare the rewards and benefits that fit your spending habits 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 metal credit card?

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

Which 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.