Blue Cash Preferred® Card from American Express

An Advertising Partner

Card Details

 

Click the stars to submit your rating.

Thanks for rating!

Your Rating:

3.8/5.0 from 92 Offer Ratings
Over the Past 60 Days!

(92) Over the Past 60 Days!

  • Regular Purchase APR

    13.24%-23.24% Variable*

  • Intro Purchase APR

    0% for 12 Months

  • Intro BT APR

    0% for 12 Months

  • Annual Fees

    $75

  • Credit Needed

    Excellent

Highlights

  • Click "APPLY NOW" to apply online
  • Special Offer - Get up to $350 back. Offer Ends 6/15/2016.
  • Get Cash Back: 6% U.S. supermarkets up to $6,000 per year in purchases (then 1%); 3% U.S. gas stations & select U.S. dept. stores; 1% other purchases. Terms and limitations apply.
  • With the Blue Cash Preferred® Card, you can get cash back. No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only get cash back on eligible purchases.
  • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
  • Terms and restrictions apply.
  • See Rates & Fees

Card Fees

Late Payment Fees Up to $37

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 $37

Penalty APR 29.49%

Ongoing Information

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 $75

Grace Period 25 Days

Additional Card Details

$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

Expert Reviews

From the CompareCards.com Editorial Team

When the Blue Cash Preferred was first introduced it looked great on the surface, but there were some significant restrictions that put a limit on how much cash you could actually earn. But that has all changed for the better, and the current new and improved version of American Express Blue Cash Preferred is perhaps the most rewarding cash back card on the market.

The way Blue Cash Preferred works is straightforward. The category that really sets this card apart is supermarkets, because Blue Cash Preferred lets you generate 6% cash back on up to $6,000 of purchases at U.S. Supermarkets each year. If you hit the $6,000 cap, you still earn a solid 1% after that. When you use it to buy gas at US gas stations, you can earn 3% cash back without limits on the amount you can earn. 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. You can also earn a robust 3% cash back rewards at US department stores, and you get 1% cash back on all other purchases.

There is an annual fee of $75 with this card, but you will almost certainly make that up with the cash back rewards you will earn. 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 13.24%-23.24% Variable based on your creditworthiness.

Expert Reviews of the Blue Cash Preferred® Card from American Express

  • 3.0

    Regular APR

  • 5.0

    Intro APR

  • 3.0

    Fees

  • 4.0

    Benefits

  • star rating 4.0/5

    Overall Rating

The Bottom Line

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 Good

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 Not so Good

You must have excellent credit to qualify. There is also a $75 membership fee and it's 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.

Consumer Reviews

  • star rating mask

Offer Rating

3.8/5.0

92 Total Ratings

5 Star
 
 
(20)
4 Star
 
 
(39)
3 Star
 
 
(25)
2 Star
 
 
(6)
1 Star
 
 
(2)

Your Rating

There is nothing we value more than the opinions of our customers. We encourage open discussions among all users and hope we can all share advice. Please keep our site clean and safe by following our posting guidelines and please, don’t disclose personal information like your credit card numbers or account information.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

+86 users submitted a rating without a full review

Sort by:

  • star
  • star
  • star
  • star
  • star

By: | May 3, 2016

Overall this has been a great card. I've had it for about two years and use it for about $2,000 in purchases a month. The rate is relatively low but I love the cash back I get every month for it. Use it mostly for Costco purchases but Costco is moving away from AMEX so I may be looking to get another card soon which is the reason this received a 4 instead of 5 star rating!

21 Found this review helpful

  • star
  • star
  • star
  • star
  • star

By: | Mar 1, 2015

Play it right and earn $360 per year minus the $75 annual fee by charging groceries to the card and maxing out at $6000 for the year. 3% on gasoline is also hard to beat. This is the most generous rewards program available.

28 Found this review helpful

  • star
  • star
  • star
  • star
  • star

By: | Feb 19, 2015

Just opened credit card less than a month ago. Applied online, it was stated that the membership fee will be waived for the first year. Got charged $ 75.00 on the first statement . Contacted customer service representative, Perry, who promised me to open inquiry and resolved the matter. It turns out that I was lied to and inquiry was not opened. I have a full transcript of online chat and nothing that was promised, has been done. Very disappointing

1 Reply

By: Sherry Kimbler | Apr 5, 2015

Who wants a card with rotten customer service? I am extremely tired of calling customer service numbers and getting remarks or answers that are totally useless.

16 Found this review helpful

  • star
  • star
  • star
  • star
  • star

By: | Nov 1, 2014

The best card one could have, I love Amex, they have a great reward program,

33 Found this review helpful

  • star
  • star
  • star
  • star
  • star

By: | Sep 22, 2014

As a college student, I've worked hard to earn an impeccable credit score of 840, and despite my short credit history, I found I qualified for this card. Being my second credit card after a VISA that I obtained through my bank, this AMEX blew everything out of the water. I was at first a little uncomfortable with the annual fee, but in the first four months I've earned triple in rewards of the annual $75 fee. My line of credit doubled from my VISA, which my bank refused to increase. The APR is a little high, but I so far have managed to pay the complete balance on time and I haven't paid a dime of interest. The rewards are great, and there are other protections, including travel insurance on renter's cars and accidental death and dismemberment. They also offer refunds on purchases when retailers refuse item returns. But most of all, the 6%/3%/1% cash back program kicks butt.

1 Reply

By: Yue Wang | Jan 25, 2016

Just curious, how do you manage to get 840 when you just have one credit card and being a student?

24 Found this review helpful

  • star
  • star
  • star
  • star
  • star

By: | Sep 22, 2014

This is the best card as long as you pay the balance every month. The rewards are extreme!