The Blue Cash Preferred® Card from American Express (Terms apply. See rates & fees) offers the ability to earn a significant amount of cash back. However, the card only makes sense for those who spend a lot in the card’s bonus categories. Notably, the card’s offer of 6% cash back on supermarket purchases (on up to $6,000 in spending per year, then 1%) makes it an attractive option to those who spend thousands on groceries each year. A generous 3% back on gas and other transportation spending also make this card a good choice for anyone who spends a lot on transportation costs.
The Amex Blue Cash Preferred also offers a welcome bonus for opening a new account and meeting minimum spending requirements. This card is worth checking out, even for users who aren’t certain they will maximize the card’s benefits.
Amex Blue Cash Preferred Benefits
Cash Back on Purchases
The Amex Blue Cash Preferred offers a very generous or to pay for select online purchases. That’s one of the highest cash-back rates for groceries offered for any credit card currently available. This benefit alone can easily make the card worthwhile for those with significant grocery purchases.
Welcome Bonus
In addition to cash back for spending in select categories, the Amex Blue Cash Preferred also offers a welcome bonus for signing up: .
Other Benefits
Disney Bundle
Blue Cash Preferred users who enroll and pay at least $12.99 a month for Disney+ or a Disney+ bundle that includes Hulu or ESPN are eligible for additional cash back. After activating this benefit, subscribers can receive a $7 statement credit each month, up to $84 per year. This can bring the cost of a bundle down to $4.99 per month, plus taxes.
Equinox+
Consumers who enroll and sign-up for Equinox+ through American Express will receive a statement credit each month towards their membership. This benefit is worth up to $10 per month, which is up to $120 per year if fully utilized.
Amex Assurance
Like other Amex cards, the Blue Cash Preferred comes with Amex Assurance protections. This includes insurance for car rental loss or damagepurchase protection streaming services to the Amex Blue Cash Preferred is another good way to maximize the card’s benefits. This will allow users to take advantage of the 6% cash-back benefit for this category.
Because the Amex Blue Cash Preferred also comes with a relatively high offer of 3% cash back on transportation, paying for eligible costs can help you earn a substantial statement credit if you have recurring or high charges in this category. Just be sure to use this benefit wisely and read the fine print about what qualifies. While gas, ride sharing, parking fees and tolls are included, airline tickets, cruises and rental cars are not.
Those who have Disney+ bundle should be sure to activate the cash-back offer to get up to $84 back a year. Similarly, those who use or Equinox+ need to ensure they are enrolled through Amex, rather than through a third party or Equinox directly, to get up to $120 of their membership fees back each year. However, since the cash-back offers don’t completely cover the cost or either, it’s probably not worth signing up for these services if you don’t already use them.
To take advantage of the welcome bonus, users should ensure they will charge the minimum spending requirement within the allotted time frame. That means some consumers may want to wait until they are planning on making a large purchase, such as car or home repairs, before opening an account.
Because Amex waives the annual fee and interest charges the first year, it’s hard to argue that it’s not a good option for the first year. However, after having the card for a year, users should re-evaluate whether they are getting enough benefit from the card to justify paying the annual fee to keep the card open.
How To Apply for the Amex Blue Cash Preferred Credit Card
Think the Amex Blue Cash Preferred Credit Card is right for you? You can see if you pre-qualify through Amex and apply from there. Just as with other credit card applications, be prepared to enter personal information such as your Social Security number and annual income. If approved, Amex may even issue a credit card number right away so you can start using your card and enjoying the benefits immediately.
To view rates and fees for Blue Cash Preferred® Card from American Express please visit this page.
¹Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
²When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty§ can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
³Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. It can help protect Covered Purchases made on your Eligible Card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Coverage Limits Apply. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
⁴You can rely on Global Assist Hotline 24 hours a day / 7 days a week for medical, legal, financial or other select emergency coordination and assistance services while traveling more than 100 miles away from your home. Third-party service costs may be your responsibility. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Card Members are responsible for the costs charged by third-party service providers.
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