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3.8/5.0 from 49 Offer Ratings
Over the Past 60 Days!
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Late Payment Fees Up to $38
Foreign Transaction Fee 2.7% of each transaction after conversion to US dollars
Balance Transfer Fee Either $5 or 3% of the amount of each transfer, whichever is greater
Cash Advance Fee Either $5 or 3% of the amount of each cash advance, whichever is greater
Returned Payment Fee Up to $38
Penalty APR 29.74%
Rewards Cap Earn 6% Cash Back on up to $6,000 per year*
Rewards Rate 6% U.S. supermarkets, 3% U.S. gas stations & select U.S. dept stores, 1% other purchases
Annual Fee $95
Grace Period 25 Days
$0 Fraud Liability No
Auto Rental Insurance Yes
Extended Warranty Program Yes
Roadside Assistance Yes
Purchase Protection Yes
Travel Assistance Yes
Flight Accident Insurance Yes
Lost Luggage Reimbursement No
Concierge Service Yes
The Blue Cash Preferred Card is an excellent cash back credit card with on of the best rewards rates on the market. Cardholders will earn 6% cash back at U.S. supermarkets, 3% back at U.S. gas stations & department stores, and an unlimited 1% cash back on all other purchases. The 6% back is limited to the first $6,000 of supermarket spending each year, but you'll still earn 1% cash back if you happen to hit that cap.
By contrast, most rewards cards will either put a cap on how much cash back you can earn or they offer a lower percentage of rewards – or both. Since supermarket items and gasoline are two of the biggest expenses for most households, this card makes it easier to save considerable amounts of money. Cardholders can also earn $150 back in the form of a statement credit after spending $1,000 with the card in the first 3 months!
There is an annual fee of $95, but with the generous rewards program you can easily make cost of the annual fee. Finally, there is a generous 0% intro APR for 12 months on purchases and balance transfers. After the intro period, your ongoing APR will be 13.49%-23.49% Variable based on your creditworthiness.
The American Express Blue Cash Preferred is the ultimate cash back rewards card for consumers who spent a lot of money on groceries and gas. This card not only comes with some of the most generous rewards, but there is a nice intro APR as well.
The 6% cash back on supermarkets is the highest cash back rate we've found on any credit card! When you add the 3% back on gas, and 1% on all other purchases, this card is a no-brainer for many consumers.
The annual fee is not waived the first year.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by American Express.
49 Total Ratings