The American Express Blue Cash Preferred bonus will net you a cash nice cash bonus on top of a very usable credit card.
The Blue Cash Preferred is the older sibling of the Blue Cash Everyday with increased rewards rates. While it does have an annual fee, high spending on its bonus categories will work out in your favor.
Is the Preferred right for you?
Read on for the details.
Want To Learn More About Credit Card Bonuses?
Check out my credit card bonus starter guide by following this link!
The Details
Bonus
- $250, given as a statement credit
Requirements
- Spend $3000 in the first 6 months of card membership
Exclusions
- You must not be a current or former cardholder of this card
Rates & Fees
- Annual Fee: $95, waived the first year
- APR: 0% for the first 12 months, after that 19.24% to 29.99%
- Foreign Transaction Fee: 2.7%
Benefits
- 6% back on US grocery stores and streaming
- 3% back on transit and gas
- 1% back on everything else
- 12 month 0% APR offer
- $7 monthly statement credit when you pay for a subscription to The Disney Bundle streaming
- $10 monthly statement credit when you pay for an Equinox Plus membership
- Intro APR when paying for purchases over $100 with the Plan It service, a monthly installment plan
Deadlines
- No known deadlines
Notes
American Express Blue Cash Preferred Bonus – Conclusion
Both of the cards in this line are some of the best cash back credit cards for everyday spending, and particularly spending on groceries.
Like I discussed in my post about the American Express Blue Cash Everyday, which version of the card you should get depends on how much category spending you do and how much you like the extra benefits of the Preferred.
Since the annual fee for this card is $95, you’ll need to make more than that in cash back over what you would get from the Everday.
The Preferred has a 6% rate on groceries instead of 3%, so is 3% of your grocery spending more than $95? Put another way, do you spend more than $3167 a year at the supermarket?
That’s straightforward enough to compare, but there’s a wrinkle. Each card has slightly different categories.
The Everyday gets 3% back on online purchases, while the Preferred gets 6% on streaming and 3% on transit (both get a 3% rate on gas).
So the things to ask when choosing between these cards are: how much do you spend on groceries, and would you rather get boosted rates on transit and streaming or general online purchases?
Let me know in the comments what you think! Do you have this card? Do you have any other questions?
Ready To Max Out Your Grocery Cash Back?
This link will take you to the detail and application page for the Blue Cash Preferred on the American Express site.
