Blue Cash Preferred Card from American Express review

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Advertiser Disclosure

Interest Rate: Purchases
15.24% ‐ 26.24% (0% for the first 12 months)
Balance Transfer
15.24% ‐ 26.24% (0% for the first 12 months)
Rewards
1 - 6% cashback
Signup Bonus
$300 after spending $1,000


9/10
Informr score
The Blue Cash Preferred Card from American Express currently has an Informr score of 9 out of 10. This score is based on our evaluation of 24 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Blue Cash Preferred Card from American Express is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


The Points Guy

It’s great to see Amex adding value for existing Blue Cash Preferred card holders and new applicants alike, and it’s even better that it’s doing so without raising the annual fee. While the 6% cash back on streaming services is very appealing, many people will have a hard time justifying the annual...

- Ethan Steinberg, The Points Guy
The Wirecutter

American Express upgraded the offer, keeping the high cash-back rate at US supermarkets and US gas stations while adding bonus rewards that make the card more appealing to cardless, cord-cutting young Americans. The Blue Cash Preferred Card, once aimed at growing families, now also appeals to millen...

- Louis DeNicola, The Wirecutter
Money Crashers

Great for heavy spenders who can focus their financial firepower at the grocery store and gas station, and earn rewards quickly enough to neutralize the $95 annual fee. Thanks to a great balance transfer promotion, it’s also great for cash back reward lovers who wish to transfer high-interest balanc...

- Brian Martucci, Money Crashers
NextAdvisor

The Blue Cash Preferred® Card from American Express is a terrific cash back card with a great $200 cash back bonus, generous ongoing rewards and a lengthy 0% intro APR on balance transfers and purchases. It will particularly appeal to those who spend more on groceries, gas and department stores.

- NextAdvisor
The Wirecutter

If you’re willing to do some extra work, you can potentially earn more-lucrative rewards not just on gas but also on other categories where you already spend money.

- Sally French, The Wirecutter

Details


Interest Rates
Regular APR Interest Rate 15.24% ‐ 26.24% (0% for the first 12 months)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 15.24% ‐ 26.24% (0% for the first 12 months)
  • Intro rate applies on balances transferred within the first 60 days of account opening
  • This APR will vary with the market based on the Prime Rate.
Cash Advance Interest Rate 27.49%

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $95.00
Balance Transfer Fee 3%

Minimum of $5

Cash Advance Fee 3%

Minimum of $5

Foreign Transaction Fee 2.7%

of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $38.00

Maximum

Promotions
Sign up bonus $300 after spending $1,000

On purchases within the first 3 months.

Rewards
All Purchases 1% cash back
Restaurants No
Gas 3% cash back


Groceries 6% cash back (on first $6000 spent)
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

3% cash back on transit (e.g., taxis/rideshare, parking, tolls, trains, buses and more)

6% cash back on select U.S. streaming subscriptions.

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Additional Benefits

- Get free 2-day shipping on eligible items at a growing network of 140+ online stores with ShopRunner.

- Roadside Assistance

Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


The Points Guy

For discerning customers looking to maximize their returns in specific bonus categories

from The Points Guy

It’s great to see Amex adding value for existing Blue Cash Preferred card holders and new applicants alike, and it’s even better that it’s doing so without raising the annual fee. While the 6% cash back on streaming services is very appealing, many people will have a hard time justifying th...More

It’s great to see Amex adding value for existing Blue Cash Preferred card holders and new applicants alike, and it’s even better that it’s doing so without raising the annual fee. While the 6% cash back on streaming services is very appealing, many people will have a hard time justifying the annual fee on this cash-back card when they could be earning transferable points instead.

Read full review

Less

The Wirecutter

The cash-back card for families and (now) millennials

from The Wirecutter

American Express upgraded the offer, keeping the high cash-back rate at US supermarkets and US gas stations while adding bonus rewards that make the card more appealing to cardless, cord-cutting young Americans. The Blue Cash Preferred Card, once aimed at growing families, now also appeals to millennial city-dwellers.

Read full review

American Express upgraded the offer, keeping the high cash-back rate at US supermarkets and US gas stations while adding bonus rewards that make the card more appealing to cardless, cord-cutting young Americans. The Blue Cash Preferred Card, once aimed at growing families, now also appeals to millennial city-dwellers.

Read full review

Less

Money Crashers

Its cash back rewards program is significantly more generous

from Money Crashers

Great for heavy spenders who can focus their financial firepower at the grocery store and gas station, and earn rewards quickly enough to neutralize the $95 annual fee. Thanks to a great balance transfer promotion, it’s also great for cash back reward lovers who wish to transfer high-interest balances from other credit cards.

Read full review

Great for heavy spenders who can focus their financial firepower at the grocery store and gas station, and earn rewards quickly enough to neutralize the $95 annual fee. Thanks to a great balance transfer promotion, it’s also great for cash back reward lovers who wish to transfer high-interest balances from other credit cards.

Read full review

Less

NextAdvisor

A real cash-back money maker

The Blue Cash Preferred® Card from American Express is a terrific cash back card with a great $200 cash back bonus, generous ongoing rewards and a lengthy 0% intro APR on balance transfers and purchases. It will particularly appeal to those who spend more on groceries, gas and department stores.

Read full review

The Blue Cash Preferred® Card from American Express is a terrific cash back card with a great $200 cash back bonus, generous ongoing rewards and a lengthy 0% intro APR on balance transfers and purchases. It will particularly appeal to those who spend more on groceries, gas and department stores.

Read full review

Less

The Wirecutter

Could net you hundreds of dollars per year

from The Wirecutter

If you’re willing to do some extra work, you can potentially earn more-lucrative rewards not just on gas but also on other categories where you already spend money.

Read full review

If you’re willing to do some extra work, you can potentially earn more-lucrative rewards not just on gas but also on other categories where you already spend money.

Read full review

Less

Cardcruncher

Earn 6% cash back on groceries

from Cardcruncher

The Blue Cash Preferred® Card from American Express is one of the best category-based cards on the market. It offers some of the best bonus rewards on two popular spending categories, and it charges a reasonable annual fee. It’s definitely worth considering as part of a multiple-card rewards earning strategy.

Read full review

The Blue Cash Preferred® Card from American Express is one of the best category-based cards on the market. It offers some of the best bonus rewards on two popular spending categories, and it charges a reasonable annual fee. It’s definitely worth considering as part of a multiple-card rewards earning strategy.

Read full review

Less

The Wirecutter

Highest cash-back rate on any grocery card we reviewed

from The Wirecutter

Despite the annual fee, the Blue Cash Preferred Card can pay for itself for most shoppers, and can net hundreds of dollars in rewards for big spenders. But we recommend this card only if your grocery bill is at least about $100 per week (the math works out to $93.75, to be exact).

Read full review

Despite the annual fee, the Blue Cash Preferred Card can pay for itself for most shoppers, and can net hundreds of dollars in rewards for big spenders. But we recommend this card only if your grocery bill is at least about $100 per week (the math works out to $93.75, to be exact).

Read full review

Less

NerdWallet

Perhaps the ultimate gas-and-groceries card

from NerdWallet

Families can rack up serious cash back. The annual fee is a whopper, but if you spend at least $31 a week at the supermarket, you'll cover it.

Read full review

Families can rack up serious cash back. The annual fee is a whopper, but if you spend at least $31 a week at the supermarket, you'll cover it.

Read full review

Less

CreditCards.com

One of the most rewarding cash back cards

from CreditCards.com

The Blue Cash Preferred card from American Express is one of the most rewarding cash back cards for getting top cashback on gas and purchases at U.S. supermarkets.

Read full review

The Blue Cash Preferred card from American Express is one of the most rewarding cash back cards for getting top cashback on gas and purchases at U.S. supermarkets.

Read full review

Less

CreditDonkey

Excellent cash back credit card for families

from CreditDonkey

In our opinion, families who spend a lot on purchases at U.S. supermarkets and U.S. gas stations should consider the American Express Blue Cash Preferred Card. Since this card charges a $95 annual fee, you need to use your card often to justify this cost. If you do not pay by credit card often, y...More

In our opinion, families who spend a lot on purchases at U.S. supermarkets and U.S. gas stations should consider the American Express Blue Cash Preferred Card. Since this card charges a $95 annual fee, you need to use your card often to justify this cost. If you do not pay by credit card often, you are better off with the no annual fee American Express Blue Cash Everyday Card.

Read full review

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User Reviews


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