Blue Cash Preferred® Card from American Express Review

The card_name offers up to 6% cash back and a welcome offer. It’s an excellent credit card if grocery shopping is one of your bigger expenses. It also offers elevated rewards on select streaming services, gas, and transit. There’s a $0 intro annual fee for the first year, then $95. There’s also a 0% introductory APR offer. You’ll get Cash Back in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.

Welcome Offer

Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

Our Rating

4.5/5.0

Welcome Offer

Earn a $250 statement credit

Annual Fee

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

0% on Purchases

12 months

Reward Rate

1%-6%

0% on Balance Transfers

12 months

Welcome Offer

Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

Features & Benefits

SecurityEMV Chip Enabled, Zero Liability, Alerts
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay, Fitbit Pay
BenefitsExtended Warranty Coverage, Purchase Protection, Return Guarantees, 24/7 customer service
Travel PerksAccess to Special Events and Concerts, Auto Rental Collision Damage Waiver, Emergency Travel Assistance

Rewards

1% cash back
On all other eligible purchases
1% cash back on all other eligible purchases
3% cash back
Gas
3% cash back at U.S. gas stations
3% cash back
Transit
3% cash back on transit, such as taxis, rideshare, parking, tolls, trains and buses
6% cash back
U.S. supermarkets
6% cash back on groceries up to $6,000 per year in purchases at U.S. supermarkets, then 1%
6% cash back
Streaming services
6% cash back on select U.S. streaming subscriptions

Interest Rates & Fees

Annual Fee$0 intro annual fee for the first year, then $95.
Foreign Transaction Fee2.7% of each transaction after conversion to US dollars.
Regular APR19.24% - 29.99% (V) APR
Balance Transfers0% Intro APR for 12 months on balance transfers, then 19.24% - 29.99%(V) APR after that.
Balance Transfer FeeEither $5 or 3% of the amount of each transfer, whichever is greater.
Purchases0% Intro APR for 12 months on purchases, then 19.24% - 29.99% (V) APR after that.

Insurance

Extended Warranty

When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty§ can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year.

  • Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. 
  • Please visit americanexpress.com/benefitsguide for more details. 
  • Underwritten by AMEX Assurance Company.

Return Protection

With Return Protection, you may return eligible purchases to American Express if the seller won’t take them back up to 90 days from the date of purchase. American Express may refund the full purchase price excluding shipping and handling, up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express® Card. Purchases must be made in the U.S. or its territories.

  • Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. 
  • Please visit americanexpress.com/benefitsguide for more details.

Purchase Protection

When an American Express® Card Member charges a Covered Purchase with their Eligible Card, Purchase Protection can help protect their Covered Purchases for up to 90 days from the Covered Purchase date if it is stolen or accidentally damaged. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year.

  • Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. 
  • Please visit americanexpress.com/benefitsguide for more details.
  • Underwritten by AMEX Assurance Company.

What Credit Score Is Required to Get the Blue Cash Preferred® Card from American Express

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved01/19/2023
825
Not Provided
$6,000
Approved05/04/2023
738
Experian
$20,000
Approved05/04/2023
748
TransUnion
$20,000
Approved05/04/2023
755
Equifax
$20,000

Pros & Cons

Pros
  • Welcome offer
  • Up to 6% cash back
Cons
  • Annual fee
  • High APR
  • Foreign transaction fee

What Are the Best Alternatives?

Citi Custom Cash® Card
Citi Custom Cash® Card

Rating

4.7

Rewards Range

1% - 5%

Annual Fee

$0

Citi<sup>®</sup> Double Cash Card - 18 month BT offer
Citi® Double Cash Card - 18 month BT offer

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

$0

Chase Freedom Unlimited®
Chase Freedom Unlimited®

Rating

4.9

Rewards Range

1.5% - 5%

Annual Fee

$0

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