- Intro offer:$350
- Annual fee:$95
- Regular APR:15.49%-25.49% Variable
- Recommended credit score:670-850 (Good to Excellent)
6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more. 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.
- Great rewards in everyday spending categories
- 0% introductory interest offer for new purchases
- Competitive welcome bonus
- $95 annual fee
- No intro offer for balance transfers
- U.S. supermarket 6% rewards capped after $6,000 annual spend
Additional Card Details
- 0% introductory APR on purchases for the first 12 months, then 15.49% – 25.49% variable APR
- Early event ticket access and seating through American Express Experiences
- Eligible for Amex Pay It, Plan It
- Travel protections
- Purchase protections
- Minimum $25 rewards redemption
Amex Blue Cash Preferred Full Review
The Blue Cash Preferred Card from American Express is a cash back credit card.
The card has a $95 annual fee.
Earn a $350 statement credit after you spend $3,000 in purchases within the first 6 months of card membership. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
You’ll earn 6% cash back at U.S. supermarkets (up to $6,000 in purchases per year), as well as 6% cash back on select U.S. streaming services. You can also earn 3% cash back at U.S. gas stations and on transit, plus 1% cash back on everything else.
Foreign Transaction Fees
Blue Cash Preferred Card from American Express Benefits
Notable benefits from the Blue Cash Preferred Card include 6% cash back at U.S. supermarkets (up to $6,000 per year) as well as 6% cash back on select streaming services and a good welcome bonus — a $350 statement credit after spending $3,000 in the first six months. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
Cardmembers also have access to a 24/7 Global Assist Hotline to help coordinate medical, legal, financial, and other emergency assistance and coordination while abroad. This can include medical and legal referrals, as well as emergency cash wires and even missing luggage assistance.
The card also comes with car loss and damage insurance, as well as return protection on eligible purchases.
Blue Cash Preferred Card from American Express Drawbacks
Some drawbacks of the card are its $95 annual fee and cap on U.S. supermarket cash back purchases at $6,000. Additionally, you can only redeem your cash back rewards after you earn $25.
How to Use Blue Cash Preferred Card from American Express
There are things you can do to maximize the Blue Cash Preferred.
First, use this card for each purchase you make at eligible U.S. supermarkets until you reach the $6,000 cap each year. Set up the Blue Cash Preferred as your primary payment on any of your eligible U.S. streaming subscriptions, and keep on hand to use anytime you stop to refuel at the gas station.
You should also have a spending plan to ensure you qualify for the $350 welcome bonus. To meet the $3,000 spending threshold within the first six months of account opening, you’ll need to spend more than $300 monthly. Keep in mind, these should be purchases you already plan to make — a one-time welcome bonus is not worth taking on debt after overspending money you don’t have.
Blue Cash Preferred Rewards
Consider a family who spends an average $15,000 annually, or $1,250 each month, on a credit card. Their monthly spending breaks down to an average $500 at the supermarket, $50 on various streaming services, $400 at gas stations, and an additional $300 elsewhere. Over the course of a year, here’s what they could earn with the Blue Cash Preferred:
|U.S. Supermarkets (6%, up to $6,000 in spend)||$6,000||$360|
|Select U.S. Streaming Services (6%)||$600||$36|
|U.S. Gas Stations (3%)||$4,800||$144|
|Other Purchases (1%)||$3,600||$36|
After accounting for the $95 annual fee, this family would save $481 each year with the Blue Cash Preferred. Just the rewards on groceries at U.S. supermarkets or U.S. gas stations alone make the card more than worth its cost in this example.
Blue Cash Preferred Compared to Other Cards
Blue Cash Preferred® Card from American Express
Chase Freedom Unlimited®
- 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 At Chase’s secure site
Bank of America® Customized Cash Rewards credit card
- Intro offer:$200
- Annual fee:$0
- Regular APR:14.74% – 24.74% Variable APR on purchases and balance transfers
- Recommended credit:670-850 (Good to Excellent)
- Learn more At our partner’s secure site
Is the Blue Cash Preferred Card from American Express Right for You?
Gas and Groceries
Blue Cash Preferred excels when combined with typical family budgets largely dedicated to grocery bills and gas stations. It can be especially lucrative for families with several mouths to feed and activities to shuttle to and from. But anyone who has added to their streaming subscription lineup or leaned into a cooking hobby as a result of this year’s increased time at home will likely benefit.
Do Rewards Outweigh the Annual Fee?
Before you apply, do the math to ensure the potential rewards on your spending outweigh the $95 annual fee. Additionally, if you spend well over the $6,000 cap at U.S. supermarkets each year, you may get better value from a card with a lower rewards rate but no spending maximum. Look over past statements and receipts to estimate your average spending in each category, so you can find your own rewards value.
Bonus Rewards Categories
Also make sure the merchants you frequent in each bonus category are eligible for bonus rewards. Amex specifies its U.S. supermarkets category does not include superstores, convenience stores, or warehouse clubs, for example, so if you buy the majority of your groceries at Costco or Target, this card may not be your best choice.
The Blue Cash Preferred Card from American Express offers one of the highest rewards rates available today for U.S. supermarket spending, along with great rewards at U.S. gas stations and on select streaming. We believe that makes a great choice for those seeking savings on everyday spending. These rewards, along with a $350 welcome bonus after spending $3,000 in the first six months, and 0% interest intro offer on new purchases for the first 12 months from the date of account opening (15.49 – 25.49% variable APR thereafter) all add up to a great cash back card option. Just be sure to evaluate your own regular spending habits before you apply to determine whether Blue Cash Preferred is the best choice for you.
*All information about the Bank of America Customized Cash Rewards credit card has been collected independently by NextAdvisor and has not been reviewed by the issuer.
For rates and fees of Blue Cash Preferred® Card from American Express, please click here
For rates and fees of Blue Cash Everyday® Card from American Express, please click here
Frequently Asked Questions
What credit score is needed for Blue Cash Preferred?
You’ll need a good-to-excellent credit score of at least 670 to qualify for this card. Maintain great credit by practicing healthy credit habits and regularly monitor your score for any inaccuracies. Like any rewards credit card, you should eliminate your high-interest debt and ensure you can pay your balances down each month before applying for Blue Cash Preferred.
What stores are eligible for the 6% supermarket rewards rate with Blue Cash Preferred?
Supermarkets eligible for bonus rewards must be located in the U.S. and do not include superstores, convenience stores, and warehouse clubs, according to American Express. You can find a (non-exhaustive) list of eligible stores on the American Express website.
Is Amex Blue Cash Preferred better than Everyday?
You’ll earn 3% cash back at U.S. supermarkets with the Blue Cash Everyday, up to the same $6,000 annual spending cap (then 1%), 2% back at U.S. gas stations and select U.S. department stores, and 1% on everything else.
Using consumer spending data for the average American, NextAdvisor estimates the Blue Cash Preferred’s ongoing annual rewards value at $152.96 (including annual fee), and the Blue Cash Everyday’s annual rewards value at $302.96.
How do I redeem cash back on the Blue Cash Preferred® Card from American Express?
To redeem your cash back, log in to your account and click “Use Rewards Dollars.” You will then be able to select how many of your Rewards Dollars you would like to redeem.
How does cash back work on the Blue Cash Preferred® Card from American Express?
Each time you make a purchase with your Blue Cash Preferred Card, you’ll earn cash back. The exact amount will vary depending on the spending categories, which we outline above.
As soon as you accumulate 25 Reward Dollars, you can redeem your cash back for a statement credit. By doing so, you will be able to pay off part of your bill using eligible cash back earned on your credit card.