How Does LendingTree Get Paid?
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How LendingTree Gets Paid

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Blue Cash Preferred® Card from American Express

Blue Cash Preferred<sup>®</sup> Card from American Express

Blue Cash Preferred® Card from American Express

Welcome Offer
Earn up to $350 in statement credits. Terms Apply.
Bonus Rewards
Earn 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. Terms apply.
Intro APR
0% on purchases for 12 months from the date of account opening, then 13.99%-23.99% Variable
Edited by
Julie Sherrier
Reviewed by
Benét J. Wilson
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Blue Cash Preferred® Card from American Express best for?

If you spend a lot on groceries each month, the Blue Cash Preferred® Card from American Express could be a good fit for your wallet because it offers one of the highest cashback rates around for U.S. supermarket purchases. It also offers generous cash back on select U.S. streaming services, as well as a solid rate on transit and gas.

Blue Cash Preferred® Card from American Express overview

    • Earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back.
    • Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
    • $0 intro annual fee for the first year, then $95.
    • 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.
    • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
    • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee.
    • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
    • Terms Apply.
  • Credit needed:
    720 850
    Excellent/Good
  • Car rental loss and damage insurance
  • Global Assist® Hotline when traveling more than 100 miles from home
  • Return protection
  • Purchase protection and extended warranty
  • Cellphone protection
  • Baggage insurance
  • Return protection
  • Trip delay, cancellation and interruption insurance
  • Access to ticket presales and exclusive events with American Express Experiences

Intro Purchase APR

0% on purchases for 12 months

Intro BT APR

N/A

Annual Fee

$0 introductory annual fee for the first year, then $95

Regular Purchase APR

13.99%-23.99% Variable

Cash Advance Fee

Either $10 or 5% of the amount of each cash advance, whichever is greater.

Foreign Transaction Fee

2.7% of each transaction after conversion to US dollars.

Balance Transfer Fee

N/A

Pros and cons

Pros

  • Generous cashback rewards
  • Valuable welcome offer
  • Intro APR on purchases
  • Annual fee waived for a year

Cons

  • Limit on higher cashback rate
  • Annual fee
  • Foreign transaction fee
  • $25 minimum redemption

What we like about the Blue Cash Preferred® Card from American Express

  • Generous cashback rewards

    Earn 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. Terms apply.

    If you max out the $6,000 spend threshold at U.S. supermarkets each year, you’ll earn $360 back annually on those purchases alone — which more than covers the card’s annual fee after the first year of card membership.

    You receive cash back on the Blue Cash Preferred® Card from American Express in the form of reward dollars that you can redeem as a statement credit. You can redeem reward dollars for statement credits in increments of 25 whenever your total balance is 25 or more, at a credit of $1 for every reward dollar redeemed.

    The transit category includes:

    • Trains
    • Taxi cabs
    • Ride-share services
    • Ferries
    • Tolls
    • Parking
    • Buses
    • Subways

    The streaming category includes:

    • Amazon Music Unlimited
    • Apple Music
    • Apple TV+
    • AT&T TV Now
    • Audible
    • CBS All Access
    • Disney+
    • ESPN+
    • Fubo TV
    • HBO Max
    • HBO (standalone streaming subscription only, formerly known as HBONow)
    • Hulu
    • iHeartRadio
    • Kindle Unlimited
    • Luminary
    • MLB.TV
    • NBA League Pass
    • Netflix
    • NHL.TV
    • Pandora
    • Peacock
    • Prime Video
    • Showtime
    • Sling TV
    • SiriusXM Streaming and Satellite
    • Spotify
    • Stitcher
    • TIDAL Music
    • YouTube Music Premium
    • YouTube Premium
    • YouTube TV
  • Valuable welcome offer

    New cardmembers receive a $150 back after you spend $3,000 in purchases on the card within the first 6 months of card membership.. Though the spending requirement is higher than that of some competing cards, the time period you have to reach it is longer. Spending an average of $500 a month on this card will get you there.

  • Intro APR on purchases

    If you need to finance a big purchase, it’s helpful that the Blue Cash Preferred® Card from American Express offers 0% on purchases for 12 months. After, a 13.99%-23.99% variable APR applies.

  • Annual fee waived for a year

    The Blue Cash Preferred® Card from American Express has a $0 introductory annual fee for the first year, then $95. The fact that American Express waives the annual fee for your first year with this card is a nice touch, meaning all the rewards you earn during that time are net cash back (assuming you don’t incur interest charges or other fees).

To see rates & fees for the Blue Cash Preferred® Card from American Express please click here.

What to look out for with the Blue Cash Preferred® Card from American Express

  • Limit on higher cashback rate

    After you spend $6,000 at U.S. supermarkets, the cash back you earn on the Blue Cash Preferred® Card from American Express for that category drops from 6% to 1% for the rest of the year.

  • Annual fee

    This card charges a $0 introductory annual fee for the first year, then $95. If you spend $1,585 on purchases eligible for 6% cash back, you’ll earn enough to recoup amount of the annual fee (after year one).

    However, if you don’t spend enough in the cashback categories to make the annual fee worth it, you may prefer the Blue Cash Everyday® Card from American Express, which also earns rewards on purchases at U.S. supermarkets (though at a lower rate) and has a $0 annual fee.

  • Foreign transaction fee

    When traveling abroad, it’s better to leave this card at home, because there’s a foreign transaction fee of 2.7% of each transaction after conversion to US dollars..

  • $25 minimum redemption

    Some cards allow you to redeem your rewards in any amount, but the Blue Cash Preferred® Card from American Express requires a $25 minimum redemption.

To see rates & fees for the Blue Cash Everyday® Card from American Express please click here.

Alternative cashback card to the Blue Cash Preferred® Card from American Express

Disclosures |
SavorOne
Capital One SavorOne Cash Rewards Credit Card
on Capital One's secure site
0% intro on purchases for 15 months
15.49% - 25.49% (Variable)
$0
3% Cash Back on dining and entertainment; 3% Cash Back on popular
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49% - 25.49% variable APR after that
  • No foreign transaction fee
  • No annual fee
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

For consumers who want generous rewards on supermarket purchases, streaming, transit and gas, the Blue Cash Preferred® Card from American Express is hard to beat. However, if a card that rewards dining, entertainment and grocery store purchases is more your speed, the Capital One SavorOne Cash Rewards Credit Card could be a better fit for your needs.

Earn 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023 The Capital One SavorOne Cash Rewards Credit Card also lets you earn a earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening. You can redeem your cash back as statement credits, checks, credits toward previous purchases, and gift cards, or to shop online with PayPal using the PayPal Pay with Rewards feature.

Compare the Blue Cash Preferred® Card from American Express to similar cards

Comparison of four different credit cards
Blue Cash Preferred<sup>®</sup> Card from American Express Capital One SavorOne Cash Rewards Credit Card Blue Cash Everyday<sup>®</sup> Card from American Express Discover it<sup>®</sup> Cash Back
Blue Cash Preferred® Card from American Express Capital One SavorOne Cash Rewards Credit Card Blue Cash Everyday® Card from American Express Discover it® Cash Back
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on Capital One's secure site
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on Discover's secure site
Annual Fee
$0 introductory annual fee for the first year, then $95 $0 $0 $0
Welcome Offer
$150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership. Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
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 purchases. Terms apply. 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases. Terms apply. 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically
Intro Purchase APR
0% on purchases for 12 months 0% intro on purchases for 15 months 0% on purchases for 15 months 0% for 14 months
Regular APR
13.99%-23.99% Variable 15.49% - 25.49% (Variable) 13.99%-23.99% Variable 11.99% - 22.99% Variable APR
Intro Balance Transfer Rate
N/A N/A N/A 0% for 14 months
Regular Balance Transfer Rate
N/A 15.49% - 25.49% (Variable) N/A 11.99% - 22.99% Variable APR
Balance Transfer Fee
N/A $0 at this Transfer APR N/A 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
Blue Cash Preferred® Card from American Express Capital One SavorOne Cash Rewards Credit Card Blue Cash Everyday® Card from American Express Discover it® Cash Back

Is the Blue Cash Preferred® Card from American Express right for you?

The Blue Cash Preferred® Card from American Express offers one of the most generous cashback rewards around for purchases in the supermarket category. In addition, it’s a great choice for commuters whether you travel by train, bus, or car thanks to its transit and gas rewards. Just do the math and make sure you spend enough in the cashback categories to recoup the annual fee after the first year of having this card.

To see rates & fees for the Blue Cash Preferred® Card from American Express please click here.
To see rates & fees for the Blue Cash Everyday® Card from American Express please click here.

Apply Now
on American Express's secure site
Terms Apply