Reviews (US)

Blue Cash Preferred® Card from American Express review

If you like cash back on your everyday purchases, the Blue Cash Preferred® Card from American Express is the card for you. So, read our full review of this great card!

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more

Partner Offer through CreditCards.com

Blue Cash Preferred® Card from American Express: get excellent cash back on purchases!

Check out our Blue Cash Preferred® Card from American Express review. Source: The Mister Finance.
Check out our Blue Cash Preferred® Card from American Express review. Source: The Mister Finance.

The Blue Cash Preferred® Card from American Express is an amazing card for people who like cash back rewards. In this Blue Cash Preferred® Card from American Express review, you’ll learn how you can get up to 6% back on groceries and streaming services (terms apply).

The Blue Cash Preferred® also has a great welcome bonus for new cardholders. With it, you’ll earn a $250 statement credit after you spend $3,000 in purchases within the first 6 months.

We have gathered important information on this Amex credit card. So, keep reading to know about this card’s perks and how does it work.

Credit ScoreGood – Excellent
Annual FeeThe annual fee is $0 during the first year, then $95.

Rates & Fees
Regular APR*Enjoy 0% introductory APR for the first 12 months on purchases from the date of account opening.
After that, the APR will be 18.74%-29.74%, based on your creditworthiness.
Cash advance APR: 29.99% variable.

Rates & Fees
FeesBalance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.

Rates & Fees
Welcome bonus*Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

*Terms Apply
Rewards*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.
Get $7 back each month after using your Blue Cash Preferred Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.

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

*Terms apply
Blue Cash Preferred® Card from American Express

How to apply for a Blue Cash Preferred® Card?

The Blue Cash Preferred® Card is an amazing option for everyday spending. Read more to know how to apply for this great rewarding card!

How does the Blue Cash Preferred® Card work?

The Blue Cash Preferred® Card has a welcome bonus for new cardholders in which you’ll get Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

By making daily purchases, you’ll earn 6% cash back in U.S. supermarkets up to $6,000 a year (then, 1%).

There’s also 6% back on selected U.S. streaming services, 3% on U.S. gas stations and transit and 1% on everything else. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.

There’s a current offer in which you can subscribe to The Disney Bundle (which includes Disney +, Hulu and ESPN+) and get $7/month back in the form of a statement credit after you spend $12.99 or more each month on an eligible subscription with your Blue Cash Preferred Card (enrollment is required).

To get this card, you need a credit score between good and excellent. There’s an annual fee of $95 and an introductory APR of 0% for 12 months on purchases. After the introductory period, the regular APR varies between 18.74%-29.74%.

Blue Cash Preferred® Card benefits

What are the benefits to this card? Source: Adobe Stock.
What are the benefits to this card? Source: Adobe Stock.

Pros

  • Earn a $250 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 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible 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, 18.74% to 29.74%.
  • 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.
  • Get $7 back each month after using your Blue Cash Preferred Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • Terms Apply.
  • See Rates & Fees

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Cons

  • Charges a foreign transaction fee;
  • Spending caps on the supermarket category.

Should you get a Blue Cash Preferred® Card?

This card is fit for people in the U.S. who make a lot of purchases in supermarkets. If you fit this profile and like credit cards with good cash back, this can be the card for you. You can easily make up for the annual fee with the cash-back offers.

If you usually spend more than $500 on groceries each month, then maybe this is not the card for you. This is because there is a $6,000 per year limit on the supermarket category.

The card also has a foreign transaction fee. So, if you are someone who doesn’t spend too much on groceries per month and has to make foreign transactions, maybe consider another card.

How good does your credit score need to be?

We recommend that you have a good to excellent credit score (690 to 850 points) to apply for this Amex card. But if you don’t have this score, it can be worth the trouble of finding ways to increase it. This is because this card can be great if you like to deal with everyday spendings.

How to apply for a Blue Cash Preferred® Card?

It is relatively simple to apply for this card. So, if you are interested in this incredible Amex card that has great rewards, we have another post explaining to you how to apply for it. The post also has a great card comparison to help with your decision.

Blue Cash Preferred® Card from American Express

How to apply for a Blue Cash Preferred® Card?

The Blue Cash Preferred® Card is an amazing option for everyday spending. Read more to know how to apply for this great rewarding card!

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more

Partner Offer through CreditCards.com

About the author  /  Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

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