Blue Cash Preferred Card® from American Express Review - 6% Cash Back on Groceries
The best cards you’ll find today seem to include the same 1% cash back on most purchases with 5% cash back for select spending categories that change every three months. The Blue Cash Preferred® Card from American Express is a nice surprise, offering 6% cash at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). It’s simple and straightforward.
Blue Cash Preferred® Card Benefits And Rewards
American Express offers new cardholders of the Blue Cash Preferred® Card from American Express a welcome bonus. They’ll give you a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Terms apply.
Also included with this offer is a 0% introductory APR on purchases for 12 months. Once that introductory period has expired, the purchase APR will vary with the market based on the prime rate. It is currently at 18.24% – 29.24%. Variable, based on your creditworthiness.
The best feature of the Blue Cash Preferred® Card from American Express is its cash back rewards program. This is truly unmatched right now, and every eligible purchase earns cash back in the following amounts:
- 6% cash back at US supermarkets up to $6,000 per year in purchases (1% after)
- 6% cash back on select US streaming services (like Netflix, Hulu and others)
- 3% cash back at US gas stations
- 3% cash back on transit
- 1% cash back on other purchases
- Terms apply
Your cash back is received in the form of Reward Dollars that can be redeemed as a statement credit and is earned only on eligible purchases.
Unfortunately, the Blue Cash Preferred® Card from American Express is not free. It comes with a $95 ($0 introductory annual fee in the first year) annual fee. However, considering the savings at the grocery store and gas pump, this card can potentially save you hundreds of dollars every year, even with the annual fee.
The Blue Cash Preferred® Card from American Express — when you add up the $250 statement credit and the cash back program — might be one of the most rewarding credit cards offered by American Express. Be sure to review the terms and conditions for restrictions that apply to this offer. Terms and restrictions apply.
Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.