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Blue Cash Preferred® from our partner, American Express

Editor's Choice:
Cash Back Rewards

 

Cash Back Rating:

Overall Rating:

(1,258 applications)
  • 6% Cash Back On U.S. Supermarkets (On your first $6,000 in spend, annually)
  • 3% Cash Back On Gas
  • Welcome Offer: Get up to an additional $150 back (after you spend $1,000 in the first 3 months)

Balance Transfer Rating:

Overall Rating:

Apply on American Express’ secure website


In a Nutshell:

Phenomenal choice for cash rewards: The Blue Cash Preferred handily won our comparison of high-paying cash back cards, and is one of our favorite rewards cards.

The Blue Cash Preferred Card pays 6% cash back on your first $6k in spending at US supermarkets (a feature that can be worth $360 in cash back on all its own if you spend the full amount). It also pays 3% cash back on gas spending and 3% cash back on select department stores, including Sears, Kohl's Nordstrom and many others. The card always pays an unlimited 1% cash back on all other spend.

Finally, for those who spend $1,000 in the first 3 months they have the card, the card will pay an additional $150 welcome bonus in the form of a statement credit. When you add it all in, we estimated in our cash back card comparison that the average user* would earn over $600 in cash rewards during the first year using the card, a truly staggering number, and hands-down the most in the comparison group. The card also offers a 12 month 0% intro APR period on purchases and balance transfers (after paying a 3% balance transfer fee), making it one of the most incentive-loaded credit cards we've ever reviewed.

Ongoing APR
13.74%-24.74% Variable

Features
Get up to 6% Cash Back

0% Intro APR on purchases and transfers for 12 months

Annual Fee
$95

Recommended Credit
Excellent

Highlights

  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) – that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 13.74% to 24.74%.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • $95 annual fee.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Terms Apply.

Rewards

  • Intro APR
  • Intro APR Period
  • Annual Fee
  • Intro Bonus
  • Cash Back
  • Cash Back
  • Balance Transfer Fee

Fees and APR

  • Intro APR: 0% Intro APR for 12 months on purchases and balance transfers.
  • Purchase APR: 13.74%-24.74% Variable, depending on creditworthiness.
  • Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
  • Annual Fee: $95

Apply on American Express’ secure website

This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express.
*Average user calculations can be found here.

 

Card Details

Ongoing APR
13.74%-24.74% Variable

Features
Get up to 6% Cash Back at US Supermarkets on up to $6,000/year in purchases

0% intro APR on purchases and transfers for 12 months

Annual Fee
$95

Recommended Credit
Excellent

Rates & Fees