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Blue Cash Preferred® Card review

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Advertiser Disclosure

Interest Rate: Purchases
13.99% ‐ 23.99% (Variable) (0% for the first 12 months)
Balance Transfer
-
Rewards
1 - 6% cashback
Signup Bonus
$300 after spending $1,000


8.9/10
Informr score
The Blue Cash Preferred® Card currently has an Informr score of 8.9 out of 10. This score is based on our evaluation of 34 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Blue Cash Preferred® Card 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...


NextAdvisor

The Blue Cash Preferred Card from American Express offers one of the highest rewards rates available today for grocery spending, along with great rewards on gas and streaming. We believe that makes a great choice for those seeking savings on everyday spending, especially in 2020. These rewards, alon...

- Kendall Little, NextAdvisor
Credit Card Insider

One of the most rewarding cards on the market. The 6% cash back you earn is pretty incredible, and 3% in the other categories is also very good. Although this card has a $6,000 limit for the 6% rate at U.S. supermarkets, you’ll still get quite a bit of cash back even if you hit that limit. If you sp...

- Evan Zimmer, Credit Card Insider
One Mile at a Time

If you spend a lot on groceries and want to earn cash back, then the Blue Cash Preferred is for you. Personally, I don’t have this card because I value earning rewards towards travel, but for those who don’t want to get involved in the complexities of miles & points, this is an excellent card. F...

- Ben, One Mile at a Time
Money Crashers

Super-generous cash back rewards, solid welcome offer, great intro APR promotion, and static spending categories are big pluses. The annual fee, penalty APR, foreign transaction fee, and inflexible redemption hurt.

- Brian Martucci, Money Crashers
CardRatings.com

Great for frequent commuters, those who enjoy listening to their favorite albums throughout the day (or who appreciates a good Netflix binge), and for anyone who frequently spends at U.S. supermarkets and U.S. gas stations: think soccer parents toting kids to and fro while simultaneously ensuring th...

- Jennifer Doss, CardRatings.com

Details


Interest Rates
Regular APR Interest Rate 13.99% ‐ 23.99% (Variable) (0% for the first 12 months)

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

Balance Transfer Interest Rate

Not available

Cash Advance Interest Rate 25.24% (Variable)

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

Rates & Fees
Annual Fee $95.00

Waived on the first year

Balance Transfer Fee
Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee 2.7%

of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $40.00

Maximum

Promotions
Sign up bonus $300 after spending $1,000
  • On purchases within the first 6 months
  • You will receive the $300 back in the form of a statement credit
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 No
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
Virtual Cards Yes
Additional Benefits

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

- Return Protection

Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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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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