Blue Cash Preferred Card

Best for Families/Cash Back

Blue Cash Preferred Card

An Advertising Partner
Apply Now
On Card Issuer’s Secure Website
Pros
  • Save on gas by racking up 3x cashback on related purchases
  • Earn on the groceries you already buy with 6x cashback at the supermarket
  • Redeem rewards as statement credits or gift cards—the specifics are up to you
Cons

This card gets some flak for having a somewhat limited definition of “supermarket” and gas stations. For example, Walmart and Costco are not included as 6x cashback options—and neither are alcohol retailers. For your information, “gas stations” (in reference to rewards with this card) refer to standalone gas stations and not superclubs that sell gas. There’s also a high annual fee, but know that it’s offset if you spend at least $31 per week on groceries. Unlike the Starwood Preferred Guest credit card on this list of the best American Express cards, this is not a great card for travel given the 2.7% foreign transaction fee.

Highlights
  • $200 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 14.49% to 25.49%.
  • 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.
Details

Application Process: Online, similar to the others on this list.

Annual Fee: This card will set you back $95 per year, but if you don't want to pay annual fees, there is a “cousin” available: the Blue Cash Everyday card from AmEx. Keep in mind that many of the perks will be different/lesser than those available with the Blue Cash Preferred Card.

APR: A nice 0% APR for the first 12 months (including balance transfers); after which, a variable rate between 13.99% to 24.99% is assessed. Additionally, there’s a 2.7% foreign transaction fee and a balance transfer fee of $5 or 3% (whichever is higher) of the amount to be transferred.

Rewards: You have a couple options for redeeming rewards when using this card on the list of the best American Express cards. Rewards are redeemable in statement credit, with a minimum redemption value of $25 that only comes in $25 increments. Other rewards include gift cards and merchandise with variable amounts.

Bonus Offers: Earn a quick bonus of a $250 statement credit when you spend a minumum of $1,000 within the first 3 months of opening your account. As with most of the credit cards on this list, there are additional travel benefits like insurance and shopping benefits. For example, AmEx’s return protection policy refunds you up to $300 per item and $1,000 per year should you attempt to return an item and the merchant does not receive it.

Card attributes
  • Variable APR
    14.24% - 25.24%
  • Cash Advance APR
    26.49%
  • Bonus Offers
    $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. Terms Apply.
  • Rewards Rate
    1.0%
  • Annual Fee
    $95
  • Intro APR
    0% on Purchases and Balance Transfers for 12 months
Featured in

Faveable Giveaway

$100 Amazon Gift Card


Amazon Gift Card

Join the conversation: Blue Cash Preferred Card

Never make a dumb purchase again

Our tips in your mailbox: