American Express Cash Back Cards Now Have No Minimum Redemption Amount ($.01 Minimum)(Blue Cash, Cash Magnet)

American Express announced today the ability to redeem cash back on the Blue Cash Everyday card with no minimum. The same new system in in place for the Blue Cash Preferred card and the Cash Magnet card as well. Previously there was a $25 minimum.

(Back in the day, they used to require redeeming in $25 increments. Then they changed it to being able to redeem any amount over $25. Now they’ve changed it to allow even redemptions less than $25.)

Personal anecdote: I had an orphaned balance under $25 on my Old Blue Cash card for a few years. Finally, last year, I put a few hundred dollars of spend on it to push me over $25. I could have waited a bit longer. 🙂