Overview of Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express is a lucrative cashback card for several spending categories. If cashback works for you—and select US streaming categories, US supermarkets, US public transit, and US gas stations that match your spending habits—then you don’t have to. may be confused with Blue Cash Preferred. Card Rating*:
*Tag ratings are based on the opinions of TPG editors and are not influenced by the card issuer.
There are pros and cons to choosing one cashback card on a travel rewards card. However, the Blue cash priority can be great for occasional travelers and those who want to use their rewards in other ways.
Unique and high value bonus categories set this card apart from a simpler option such as Citi® Double Cash Card, although it’s worth noting that the redemption options are less with the Blue Cash Preferred. The Blue cash priority for discerning customers looking for a credit card rewards to maximize their profits in specific bonuses.
Let’s take a look at this card’s details to help you decide if it’s right for you.
Amex Blue Cash Preferred Welcome Bonus
Cashback credit card rarely offer solid bonuses like travel rewards cards, but Blue cash priority Get a quality welcome offer now: $250 cash back (as statement credit) after you spend $3,000 on purchases in the first six months of your card membership. That’s an 8.33% return on spend.
In addition, new applicants can take advantage of a Referral APR 0% on purchases and balance transfers for the first 12 months of card membership. After that, a variable APR of 18.24%-29.24% will be applied.
Earn cash back on Amex Blue Cash Preferred
Outstanding feature of Blue cash priority are its different cashback bonus categories:
Cashbacks are received as Bonus Dollars which can be redeemed for statement credits.
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Although Blue Cash Preferred is not the first card to offer bonus income for streaming signup, its 6% cashback rate is by far the industry leader. The Blue Cash Preferred is also a bonus card at both supermarkets and gas stations, earning 6% cash back and 3% cash back respectively.
Aside from the US supermarket category, the other monetization categories have no annual limits on how much you can earn. These are high income rates for anyone with regular spending in these categories.
Redeem rewards on Amex Blue Cash Preferred
Although the cashback card will not unlock the door to USD 10,000 First Class Airplane Suite, there’s also no pressure to save for a specific reward. Besides, Blue cash priority There is no minimum redemption amount.
You have three redemption options:
- Get statement credit.
- Redeem for gift cards.
- Shop with your rewards.
While there are many options, getting statement credit may be your best bet. That’s because you can buy gift cards at most supermarkets. Instead of using your points for these purchases, you can pay for them with your Blue Cash Preferred and earn even more.
Related: Which credit card should you use to buy gift cards?
Priority benefits of Amex Blue Cash
As a card with a low annual fee, you won’t find luxury perks on the Blue Cash Preferred; However, it has quality features worth mentioning.
You can get $7 back per month (up to $84 per year) after spending $12.99 or more on an eligible The Disney Bundle subscription — which includes Disney+, Hulu, and ESPN+ — with the card your. Another monthly credit that offers up to $10 (up to $120 annually) when you use your Blue Cash Preferred Card to pay for Equinox+ at equinoxplus.com. Note that pre-registration is required for some benefits.
You’ll also enjoy some protection when traveling and shopping with Blue Cash Preferred. You can enjoy car rental secondary insurance when you pay for your car rental with your card — up to $50,000 in protection against theft or damage.*
The Global Helpline provides coordination of medical, legal, financial and other emergency services 24 hours a day, 7 days a week when you are traveling more than 100 miles from home. However, this service only provides coordination; you will be responsible for the cost of any third party services you use.**
For purchases with your card, you can enjoy an extra year beyond the manufacturer’s warranty of five years or less, thanks to extended warranty protection. This coverage is limited to the amount paid by your card — up to $10,000 and an annual limit of $50,000.^
You may also get return protection, which includes items purchased in the last 90 days for which a seller does not accept returns. You can get a full refund of the purchase price (excluding shipping and handling costs) — up to $300 per item and up to $1,000 per year. However, this only applies to purchases in the United States or its territories.
Purchase Protection is another card benefit, which covers items purchased with your card in the last 90 days that were damaged, stolen, or lost. You can get coverage up to $1,000 per claim and up to $50,000 per year.^
*Eligibility and benefit levels vary by card. Not all types of vehicles or rentals are covered and geographic restrictions apply. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. The policies are underwritten by the AMEX Insurance Company. Coverage is provided through American Express Travel Related Services Company, Inc.
**Eligibility and benefit levels vary by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Cardholder is responsible for the costs charged by the third party service provider.
#Eligibility and benefits vary by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details.
^Eligibility and benefit levels vary by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. The policies are underwritten by the AMEX Insurance Company.
Other cardholder benefits include “Plan,” allows you to select purchases of $100 or more to split into monthly payments for a flat fee and access to valuable products Amex Offers.
Related: Your Complete Guide to American Express Card Shopping Protection
Which card competes with the Amex Blue Cash Preferred?
The main alternatives to this card are other cashback cards that earn bonus points on grocery and gas purchases, with no or low annual fees.
- If you want the same benefits without the annual fee: The Blue Cash Everyday® Card from American Express no annual fee (see rates and fees) and earn 3% back at U.S. supermarkets, U.S. online retail purchases, and U.S. gas stations—despite a purchase limit of $6,000 per category. Then you will earn 1% back. This card also offers the same Disney Bundle benefits as the Blue Cash Preferred card.
- If you want Amex points instead of a refund: The Amex EveryDay® Preferred Credit Card has an annual fee of $95 (see rates and fees) and earn Membership Rewards Points instead of cash back. TPG rates these at 2 cents each, and you’ll earn 3 points per dollar at US supermarkets (up to $6,000 in purchases per year, then 1 point per dollar). dollars), 2 points per dollar at gas stations in the United States, and 1 point per dollar on other purchases. However, if you make 30 or more trades in a billing cycle, you will get a 50% increase in your earnings.
- If you want rewards with more uses: The Citi® Double Cash Card earn 2 Citi ThankYou points per dollar — 1 point when you buy and another 1 point when you pay your bill — for all purchases. In addition to redeeming your earnings for cash back (with a value of 1 cent per point), you can also transfer your points to certain travel programs to unlock higher value redemptions .
- If you want a higher monetization rate on gas: If you are looking for cashback, low fees and higher earning rate at the pump, consider Citi’s Costco Anywhere Visa® Card. You’ll earn 4% on gas—anywhere, not just Costco gas stations—on your first $7,000 in fuel each year, then 1%. There is no annual fee on this card, but you do need a paid Costco membership (starts at $60 per year).
For additional options, please see our full list of Supermarket reward points card and the gas station.
Read more: A Complete Guide to Credit Card Annual Fees
Information about the Amex EveryDay Preferred Card has been independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Is the Amex Blue Cash Preferred worth it?
If you’re not a frequent traveler and want flexibility in how your rewards are spent, the Blue Cash Preferred may be right for you. This is especially true if you want to earn cashback on groceries, streaming services, transit, and gas purchases. An additional sweetener is Disney’s claim credits.
Related: Why the Amex Blue Cash Preferred may be the best cashback card available today
bottom line
With attractive bonus categories and solid welcome offers, many cashback card holders will have no problem proving their annual fee after the first year on the Blue Cash Preferred.
This card is best suited for people who spend on groceries and streaming services as well as transit and gas. Disney fans can also find value in this card, due to the monthly credits for Disney plan subscriptions.
Sign up now: Earn $250 back (as statement credit) after you spend $3,000 on purchases within the first six months of a card membership with Blue cash priority.
Additional reporting by Ryan Wilcox, Chris Dong and Ryan Smith.
For Blue Cash Preferred card rates and fees, click here.
For rates and fees for the Blue Cash Everyday card, click here.
For EveryDay Preferred card rates and fees, click here.
