logo

As Seen In:

USA TodayNBCBloomberg

Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express
Apply Now
On American Express's secure site
Rates & FeesTerms Apply
Rewards Rate
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 at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more) , 1% Cash Back on other eligible purchases
Welcome Offer
$300 back after you spend $3,000 in purchases on your new Card within the first 6 months.
Typical Credit Score
Excellent, Good
Card Network
Annual Fee
$0 intro annual fee for the first year, then $95.
Credit Score Needed
Excellent, Good
Details
  • Click APPLY NOW to securely apply online.
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

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

  • Buy Now, Pay Later: Enjoy $0 plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.

  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%

  • 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 at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).

  • 1% Cash Back on other purchases.

  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.

  • Terms Apply.

Rated Best for:
All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Blue Cash Preferred® Card from American Express Review

Who Is The Blue Cash Preferred® Card From American Express For?

The Blue Cash Preferred® Card, from our partner American Express, is a cash back card for people that want simple benefits, allowing them to save money at competitive rates. This card has extensive cash back coverage for purchases across various industries, including supermarkets, media, transit and gas. Its wide coverage of day-to-day purchases and payment plan options make it perfect for someone looking for a credit card to save on household expenditures. 

While the $95 annual fee might look intimidating, everyday use of this card has the potential to make up for the fee very easily. Plus, cardholders get to enjoy their first annual fee waived! For new American Express Blue Cash Preferred customers, the card issuer offers up to $300 cash back for spending $3,000 on eligible purchases within six months of getting the card.

For the first twelve months, this card waives APR for purchases. This improves payment flexibility and can allow you to consolidate all your credit cards more easily. After this introductory period, you will pay 13.99% to 23.99% (Variable) depending on your creditworthiness. This card is a great fit if you are looking to make a large purchase and want to pay it down over the 12 month 0% APR introductory period.

This card targets the crowd that seeks a hassle-free credit card that does not deal with complicated rewards programs. A simple cash back in the form of statement credit allows for a much more versatile form of saving, because it lets you decide how you want to deal with the saved money. It can be seen as a successor to the American Express® Blue Cash Everyday® Card for those wanting to enjoy greater benefits for a slight cost. 

Rewards

The signature benefits of this card are simple. You will earn a reward of 6% cashback on the first $6,000 of purchases in a year at U.S. supermarkets (1% thereafter), another 6% on purchases of select U.S. streaming subscriptions, 3% on purchases on transit, 3% at U.S. gas stations, and 1% on all other eligible purchases. Cashback is received in the form of Reward Dollars that can be easily redeemed for statement credits. Considering the vast coverage of this reward program, the biggest benefit of this card is that it can be used for almost any purchase that pertains to daily life. You can add additional members to this card and redeem cashback for their purchases, as well. This aspect also multiples the potential savings, since the frequency of purchases will be higher. 

The American Express Blue Cash Preferred Card also offers an intro APR of 0% for purchases for the first 12 months, and 13.99% to 23.99% (Variable) thereafter. In addition, it offers a Plan It® feature which allows you to split up large purchases of over $100 into smaller payments. With Plan It, you can create up to 10 active payment plans, each subject to a plan fee. One of the biggest benefits of this credit card is the flexibility of making large payments that comes along with the 0% intro APR and Plan It feature. 

This card also gives you access to the lowest hotel rates guaranteed, courtesy of American Express. If you book a prepaid hotel rate on amextravel.com and then find the same room at a lower price online, American Express will refund you the difference. This is extremely beneficial for frequent travelers or those traveling on a budget. 

Annual Fee

This card comes with a $95 annual fee but it is waived ($0) for the first year. This math makes the perks in this card all the more attractive. 

Services and Protections

An interesting perk of this card is the Return Protection plan. This plan allows you to return purchases to American Express within 90 days of the purchase date in order to qualify for a refund of up to $300 per item and up to a maximum of $1,000 per calendar year per card account. This program makes this card a great option for regular shoppers.

In terms of customer service, American Express has a dedicated Card Member Services team that can assist you with queries 24/7. Furthermore, the Global Assist® hotline gives you 24/7 access to emergency assistance when traveling more than 100 miles from home. This service can be extremely useful in the case of lost card inquiries and emergency cash wire needs. 

This card also offers fraud protection, which means that you will not be held liable for any fraudulent transactions. In addition, it offers rental car loss and damage insurance, protecting you when you travel. 

Cautions

This card carries a penalty APR of 29.99% (Variable), which means that late payments can result in hefty interest charges. We would recommend responsible budgeting and timely payments in order to eliminate the risk of any penalties. 

Conclusion

The American Express Blue Cash Preferred Card is a great choice for those looking for a daily-use credit line that can be used to receive competitive benefits. It is definitely an upgrade from the Blue Cash Everyday Card and provides rich benefits at a slightly higher cost. Whether you want cashback on your groceries, Netflix subscription or gas, this card has got your back. 

$738
$1,065
$261
See Your Best Card.
Create a free account to see how much each card is worth to you.

Free Forever

Clyde is an always-free service. We’re passionate about financial transparency and strive to get you the most for your money.

100% Secure

We are serious about security. We encrypt all the data you share with us to ensure your experience is both easy and safe.