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3.8/5.0 from 92 Offer Ratings
Over the Past 60 Days!
0% for 12 Months
0% for 12 Months
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%
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
$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
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.
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.
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.
92 Total Ratings