Blue Cash Preferred Card from American Express Review

Blue Cash Preferred® Card from American Express

4.5 BCC Score

on American Express' secure site

Welcome Offer

You may be eligible for as high as $300 cash back after spending $3,000 in purchases on your new Card in the first 6 months. Welcome offers vary and you may not be eligible for an offer. Cash back is received as Reward Dollars, redeemable for statement credit or at Amazon.com checkout. Terms Apply.

Rewards Rate

6% cash back at U.S. supermarkets on up to $6,000 per year in eligible purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at eligible U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more) purchases and 1% cash back on other purchases.

Intro APR

0% on purchases for 12 months and 0% on balance transfers for 12 months, then 19.49%-28.49% Variable

Annual Fee

$0 intro annual fee for the first year, then $95

Credit Score Needed

Good, Excellent

Card Brand

AMEX

Apply and find out your welcome offer. As High As $300 cash back* after you spend $3,000 in purchases on your new Card within the first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply, and if approved: 1. Find out your offer amount 2. Accept the Card with your offer 3. Spend $3,000 in 6 months 4. Receive the cash back. *Cash back is received in the form of Reward Dollars that can be redeemed for a statement credit or at Amazon.com checkout.
$0 intro annual fee for the first year, then $95.
Enjoy 0% intro APR on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.49%-28.49%.
Plan It®: Buy now, pay later with Plan It. Split purchases of $100 or more into equal monthly installments with a fixed fee so you don’t have the pressure of paying all at once. Simply select the purchase in your online account or the American Express® App to see your plan options. Plus, you’ll still earn rewards on purchases the way you usually do.
Earn 6% cash back at U.S. supermarkets on up to $6,000 per year in eligible purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at eligible U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more) purchases and 1% cash back on other purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit and at Amazon.com checkout.
Get up to a $10 monthly statement credit after using your enrolled Blue Cash Preferred® Card for a subscription purchase, including a bundle subscription purchase, at DisneyPlus.com, Hulu.com, or Stream.ESPN.com U.S. websites. Subject to auto-renewal.
Terms Apply.

Pros

Earn a potentially large welcome offer after meeting spending requirements
Earn 6% cash back in a few popular spending categories
Enjoy a lengthy intro APR on purchases and balance transfers

Cons

There is an annual cap on the amount of cash back you can earn in the 6% categories

Why We Like It

The Blue Cash Preferred® Card from American Express was specifically designed for consumers who spend a lot of money on groceries and gas. Cardholders earn 6% cash back at U.S. supermarkets on up to $6,000 per year in eligible purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at eligible U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more) purchases and 1% cash back on other purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit and at Amazon.com checkout.

By offering 6% cash back in a few popular bonus categories, our partner, American Express, has made this card an excellent option for maximizing cash back rewards. In addition to this, you can apply and find out your welcome offer. You may be eligible for as high as $300 cash back after spending $3,000 in purchases on your new Card in the first 6 months. Welcome offers vary and you may not be eligible for an offer. Cash back is received in the form of Reward Dollars that can be redeemed for a statement credit or at Amazon.com checkout.

There is a $0 intro annual fee for the first year, then $95 associated with this card, but that's pretty easy to justify when you consider all the cash back it offers. To top it off, there is an intro APR of 0% on purchases for 12 months and 0% on balance transfers for 12 months. After the intro period, the ongoing interest rate is 19.49%-28.49% Variable APR (see rates and fees).