First Midwest Bank Cash Rewards American Express® Credit Card review
Earn accelerated cash back on gas purchases without paying an annual fee.
- Get this card if you mostly spend on gas.
- Pick something else if you want a higher rewards rate.
- Apply with a good credit score of 670 or higher.
Up to 3%
Intro purchase APR
for the first 6 billing cycles (then 14.49% to 23.49% variable)
|Product Name||First Midwest Bank Cash Rewards American Express® Credit Card|
|Card type||American Express|
|Purchase APR||0% intro for the first 6 billing cycles (then 14.49% to 23.49% variable)|
|Balance transfer APR||0% intro for the first 6 billing cycles (then 14.49% to 23.49% variable)|
|Balance transfer fee||$5 or 3% of the transaction, whichever is greater|
|Cash advance rate||23.99% variable|
|Cash advance fee||$10 or 4% of the cash advance amount, whichever is greater|
|Foreign transaction fee||None|
|Interest free period||Up to 24 days|
|Late payment fee||Up to $40|
|Returned payment fee||Up to $35|
Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
The First Midwest Bank Cash Rewards American Express® Credit Card lets you earn accelerated cash back on gas and supermarket purchases. In addition, you get to earn a small welcome offer and save money on interest with a short intro APR period on balance transfers and purchases.
However, similar cards tend to offer a more generous signup bonus and a longer intro APR period.
How to apply for the First Midwest Bank Cash Rewards American Express® Credit Card
- Visit the First Midwest Bank website and locate the card.
- Click Apply now.
- When asked whether to continue to Elan Cash Rewards American Express Card, click Continue.
- Fill out the application form with your personal and financial information.
- Request a balance transfer or choose to add an authorized user.
- Review the application form and submit.
What credit score do I need?
You need at least a good credit score of 670 or higher.
- Cash back.
Earn 3% cash back on up to $6,000 annual gas purchases. After that, earn 1% back for the remainder of the year. You also earn 2% back at supermarkets and 1% back on everything else you buy.
- Welcome offer.
Make your first purchase and earn a $25 bonus. Similar cashback credit cards come with a welcome offer of up to $200.
- Intro APR period.
Get a 0% intro APR period on balance transfers and purchases for your first 6 billing cycles. After that, a variable APR of 14.49% to 23.49% applies.
- No annual fee.
Don’t worry about paying any fee to own the card.
What to watch out for
- Foreign transaction fees.
If you use your card abroad or online with foreign merchants, you’ll pay a 0% fee if the transaction is made in US dollars, and a 3% fee if it’s made in foreign currency.
- Balance transfer limitations.
Make your balance transfers within your first 186 days of account opening to use the intro APR period. Transfers made after that will incur the standard APR.
Compare cash back credit cards
If you’re looking to earn accelerated cash back on your supermarket and gas purchases, the First Midwest Bank Cash Rewards American Express® Credit Card might be worth considering.
But make sure to compare similar credit cards as you may find one with better value.