Blue Cash Preferred® Card from American Express Review

Good: For people who want a rewards card for everyday spending

Better: For people with excellent or great credit history

Best: For families who spend a lot on gas and groceries

Whether you’re fueling up to travel the highways or filling your basket while roaming the supermarket aisles, the Blue Cash Preferred® Card from American Express is one of the best options out there. From the annual fee to lucrative bonuses, here’s what you need to know. 

The basics

  • APR: 0% for 12 months on purchases and balance transfers, then the standard variable rate of 14.99% to 25.99%
  • Annual Fee: $95
  • Reward Rates: Earn 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1% on all purchases afterwards) and select U.S streaming services. Earn 3% cash back at U.S. gas stations and transit including taxis/rideshare, parking, tolls and public transportation. Plus, earn unlimited 1% cash back on other purchases.
  • Intro Offer: Earn $250 after you spend $1,000 in purchases on your card within the first three months of opening an account.

Standout features 

  • APR: 0% intro APR on all purchases and balance transfers for 12 months (a variable 14.99%-25.99% after)
  • Earn unlimited 6% cash back on select U.S streaming services
  • Get free two-day shipping with purchases on ShopRunner ($79 membership value)
  • Travel accident insurance of up to $250,000 when using American Express Blue Cash Preferred card to pay for trip

Best way to use the American Express® Blue Cash Preferred® Card

Stretch your grocery budget further by using this card on every trip to the supermarket. Earning 6% cash back on up to $6,000 of purchases annually means if you spend $500 a month on groceries, you’ll get $360 back for the year. And you’ll continue earning 1% cash back after you reach the cap.

Whether you drive your own vehicle or use public transport, you’re covered with 3% cash back on all transit purchases. This includes fuel at U.S gas stations, plus buses, trains, taxis/rideshares, tolls and parking. 

Don’t choose between streaming services like Netflix, Hulu and Amazon Prime when you can have subscriptions to them all, while earning an unlimited 6% cash back.

In a nutshell

The Blue Cash Preferred® Card from American Express is a game-changer for families who want to save money on normal household expenses. With a generous cash back bonuses on groceries and streaming entertainment and transit purchases, you win. 

But, if you’re on your own and not feeling the $95 annual fee, consider, the Chase Freedom® Credit Card, which features a unique quarterly bonus structure.

Shiran Brodie

Personal finance writer

Shiran is currently living in Prague but missing home in Philadelphia, PA. In her spare time she enjoys reading fantasy novels, traveling the world, and watching Doctor Who.