The AmEx Blue Cash Preferred credit card has high cashback reward offers waiting for you! Come and see its benefits. 

Blue Cash Preferred credit card at a glance

How about acquiring a new credit card, going shopping and paying your bills while also earning some amazing cashback rewards? Cashback will be received in the form of reward dollars that you will then be able to redeem as a statement credit. 

The Blue Cash Preferred card from American Express is a good choice for those who enjoy shopping on groceries and gas stations. With it, you can get 6% cashback at supermarkets and on selected streaming services in the United States, on up to $6,000 a year in spending (then 1%). 

To know more about this credit card and confirm whether or not you want to apply, read all of its details below. The fact is that its rewards and other benefits are pretty worth it. 

Credit card details 

Rates, fees, and benefits 

Welcome bonus* 

Here is how you can get up to $400 cashback, in the form of statement credits:

  • Earn up to $200 cashback on purchases on Amazon.com, during the first six months of your card membership, and 
  • Earn $200 cashback on purchases of $3,000 or more, during the first six months of your card membership 

*This offer was available at the time we did the research. Their offers webpage expires from time to time. 

Intro APR – $0 during the first twelve months 

Ongoing APR – 13.99% – 23.99% variable APR 

Cash advance APR – 25.24%, according to the Prime Rate 

Penalty APR  

Late payments: 29.99% 

Returned payments: 29.99% 

Intro annual fee – $0 during the first twelve months 

Ongoing annual fee – $95

Rewards 

  • 6% cashback at domestic supermarkets, on purchases of up to $6,000 per year (then 1%), 
  • 6% cashback on selected domestic streaming subscriptions, 
  • 3% cashback on transit purchases, such as taxis/rideshare, parking, tolls, trains, buses, among others, 
  • 3% cashback on purchases at domestic gas stations, and 
  • 1% cashback on all other purchases

Foreign transaction fee – 2.7% (after conversion to US dollars) 

Cash advance fee – $10 or 5%, whichever is greater  

Intro balance transfer fee – N/A

Balance transfer fee — N/A 

Penalty fees 

Late payments: Up to $40 

Returned payments: Up to $40

Overlimit: None 

Credit score – From good to excellent, or 690 to 850 

Pros 

  • Car rental loss and damage insurance, 
  • Global Assist® Hotline, 
  • Return protection, 
  • Exclusive access to card member-only experiences, 
  • AmEx Send & Split™, 
  • Zero liability fraud protection, 
  • Online account management, 
  • Access to a Year-End Summary to review your spending, and 
  • Pay It Plan It® 

Cons 

  • An annual fee will be charged, 
  • It requires a good or an excellent credit score, and 
  • Bonus reward spending caps 

How to apply for the Blue Cash Preferred credit card? 

Interested in this credit card from American Express? If you are, you can check if you pre-qualify for their offers on Blue Cash Preferred’s webpage. It will only take you a minute. And by applying today, the decision will be ready in as little as thirty seconds. 

You can also directly apply for it on the same webpage. All you need to do is provide your personal information, submit your application, and get a decision very quickly.

FAQ for Blue Cash Preferred Card from American Express

Q: What is the Blue Cash Preferred Card from American Express?

A: The Blue Cash Preferred Card from American Express is a rewards credit card that offers cashback on purchases. It provides cardholders with unlimited 6% cash back on eligible purchases at U.S. supermarkets, up to $6,000 per year in purchases (then 1%), 6% cashback on select U.S. streaming subscriptions, 3% cashback on transit including taxis/rideshare, parking, tolls, trains, buses and more, and 1% cashback on other purchases.

Q: What is the welcome offer for new Card Members?

A: New Card Members can earn a $300 statement credit after spending $3,000 in purchases on the Card within the first 6 months of Card Membership.

Q: Is there an annual fee for the Blue Cash Preferred Card from American Express?

A: Yes, there is an annual fee of $95 for the Blue Cash Preferred Card from American Express.

Q: What is the foreign transaction fee for the Blue Cash Preferred Card from American Express?

A: The foreign transaction fee for the Blue Cash Preferred Card from American Express is 2.7% of each transaction after conversion to US dollars.

Q: What are some other benefits of the Blue Cash Preferred Card from American Express?

A: The Blue Cash Preferred Card from American Express also offers benefits such as car rental loss and damage insurance, roadside assistance, travel accident insurance, and extended warranty for eligible purchases.

Q: Can I use the Blue Cash Preferred Card from American Express for balance transfers?

A: Yes, balance transfers are allowed with the Blue Cash Preferred Card from American Express. However, there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.

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About the Author Natasha Souza


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