The American Express Blue Sky Credit Card is the new 'frequent flyers product' from the ever expanding international finance company which bases its trademark on imagery from the Roman Empire.
The Blue Sky's introductory 'Half Points' offer gives away the most in terms of free flights per amount spent than any other credit card rewards program, and applies for all flight booked before the 1st of January, 2009.
So just what do American Express customers get? Well, according to their website, the Blue Sky Card offers 1 Reward Point for every dollar spent. Redemption rates are highly effective, with 8,000 points getting you a return Melbourne - Sydney flight and just 12,000 points for a Melbourne - Brisbane return. This represents a 50% discount to the normal rates which will apply after 2009.
When you work out the numbers, a spend of $8,000 can earn you a reward of up to $300. That's nearly 4% - definitely well above the market rate for rewards programs. If you spend $2,500 per month on your credit card, that could earn you an interstate flight almost every 3 months!
Additionally, you can choose from a range of international and domestic destinations, and unlike some frequent flyer programs, you decide when you want to fly, only subject to airline availability, generous ticket price limits and 30 days notice of booking. Your Blue Sky Credit Card gives you access to a range of Australian and International carrier airlines. This adds to flexibility, plus you can try them all if you like! Basic Domestic and International Travel insurance is also included with the card, for added peace of mind.
Other benefits of the Blue Sky Card include the opportunity to earn bonus points with a range of American Express partners, plus the standard 55 interest free days on purchases and supplementary cards issued free of charge. And it's useful for your typical credit card transactions like buying things, paying direct debits, getting a cash-advance, and paying bills over the phone using BPAY.
The only catch is the all-inclusive annual card fee of $95 p.a. and a minimum income requirement of $40,000 p.a. for applicants. However, these numbers are both lower than for the American Express Platinum Card, and the point systems and features are easier to understand.
So if you're a frequent flyer but not yet a high flyer and you don't want a complex rewards program or a high annual fee, the American Blue Sky Card could be the choice for you!