BLUE CASH PREFERRED® CARD FROM AMERICAN EXPRESS
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BEST STUDENT CARD
BLUE CASH PREFERRED® CARD FROM AMERICAN EXPRESS
Rates & Fees
Up to 6% Reward Rate
Earn 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%); Earn 6% cash back on select U.S. streaming subscriptions; Earn 3% cash back on transit (e.g., taxis/rideshare, parking, tolls, trains, buses and more) and at U.S. gas stations; Earn 1% cash back on other eligible purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
Welcome Bonus
Earn $250
Annual Fee
$0 intro annual fee for the first year, then $95
Regular APR
19.24%-29.99% Variable
Credit Score
Excellent/Good (700 - 749)
Rates & Fees
Up to 6% Reward Rate
Earn 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%); Earn 6% cash back on select U.S. streaming subscriptions; Earn 3% cash back on transit (e.g., taxis/rideshare, parking, tolls, trains, buses and more) and at U.S. gas stations; Earn 1% cash back on other eligible purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
Welcome Bonus
Earn $250
Annual Fee
$0 intro annual fee for the first year, then $95
Regular APR
19.24%-29.99% Variable
Credit Score
Excellent/Good (700 - 749)
- Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% – 29.99%. Variable APRs will not exceed 29.99%.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations.
- 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That’s $10 in statement credits each month. Enrollment required.
- Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
- Terms Apply.
- INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
- Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- No credit score required to apply.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- No annual fee and build your credit with responsible use.
- 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 18.24% – 27.24% applies.
- Click through to Discover’s website to see terms and conditions.
The Blue Cash Preferred® Card from American Express is a standout choice in the world of credit cards, and there are several compelling reasons why we wholeheartedly recommend it to our readers. This card offers a unique combination of cashback rewards, valuable perks, and flexible features that make it a top-tier option for a wide range of consumers.
Why We Recommend the Blue Cash Preferred® Card From American Express?
One of the primary reasons to consider this card is its generous cashback program. Cardholders can earn an impressive 6% cashback on U.S. supermarket purchases (up to $6,000 per year in purchases, then 1%), 6% cashback on select U.S. streaming services, 3% cashback at U.S. gas stations, and 1% cashback on all other eligible purchases. This makes it an excellent choice for families who spend heavily on groceries and streaming services.
Additionally, the Blue Cash Preferred® Card offers a substantial welcome bonus, often including a statement credit after meeting minimum spending requirements. Plus, it provides a 0% introductory APR on purchases and balance transfers for an initial period, which can be especially advantageous for those looking to consolidate debt or make a big purchase.
The card also comes with valuable benefits like purchase protection, extended warranty coverage, and access to American Express’s exceptional customer service. While it does have an annual fee, the potential rewards and perks significantly outweigh the cost for most users, especially those with substantial supermarket and streaming service expenses.
In summary, the Blue Cash Preferred® Card From American Express is a well-rounded card that provides lucrative cashback opportunities, valuable benefits, and financial flexibility. Whether you’re a frequent grocery shopper or a streaming enthusiast, this card can help you maximize your rewards and enhance your overall financial well-being.
Our Perspective on the Blue Cash Preferred® Card From American Express
In our opinion, the Blue Cash Preferred® Card from American Express is a stellar credit card choice for a wide range of consumers. This card’s unique combination of high cashback rates, welcome bonuses, and additional perks sets it apart as a top-tier option in the market.
First and foremost, the 6% cashback on U.S. supermarket purchases is a game-changer for families and individuals who spend a significant portion of their budget on groceries. This category’s generous cashback rate, coupled with the 6% cashback on select U.S. streaming services, offers substantial savings over time.
The welcome bonus, typically awarded in the form of a statement credit, is another compelling aspect of this card. It provides an immediate boost to your finances, making it even more appealing for new cardholders.
Moreover, the Blue Cash Preferred® Card comes with essential benefits like purchase protection and extended warranty coverage, which can provide peace of mind when making purchases. American Express is also known for its exceptional customer service, ensuring that cardholders receive prompt and reliable assistance when needed.
While the card does have an annual fee, the potential rewards and cost-saving opportunities far outweigh this expense for most users, especially those with significant supermarket and streaming service expenses.
In conclusion, we believe that the Blue Cash Preferred® Card From American Express is an excellent choice for those looking to earn substantial cashback rewards and enjoy valuable benefits. It’s a versatile card that caters to various spending habits and financial goals, making it a top recommendation in the credit card landscape.
Advantages of the Blue Cash Preferred® Card From American Express
The Blue Cash Preferred® Card from American Express boasts numerous advantages that make it a compelling choice for discerning consumers. Firstly, its cashback rewards program is highly competitive. With 6% cashback on U.S. supermarket purchases (up to $6,000 annually), 6% cashback on select U.S. streaming services, and 3% cashback at U.S. gas stations, cardholders can quickly accumulate substantial rewards on their everyday expenses.
Additionally, the card often features a generous welcome bonus, providing a financial boost upon meeting the spending threshold. The 0% introductory APR on purchases and balance transfers for an initial period can help cardholders save on interest charges.
Furthermore, the Blue Cash Preferred® Card offers valuable benefits, including purchase protection, extended warranty coverage, and access to American Express’s exceptional customer service. While it does carry an annual fee, the potential rewards and perks offset this cost for most users, particularly those who frequently shop for groceries and use streaming services.
Overall, the card’s combination of robust cashback rates, welcome bonuses, and useful features makes it a standout choice for those looking to maximize their credit card benefits.
Disadvantages of the Blue Cash Preferred® Card From American Express
While the Blue Cash Preferred® Card from American Express offers numerous advantages, it’s essential to consider its drawbacks. The primary drawback is its annual fee, which can be relatively high compared to some other credit cards. However, for individuals who spend significantly on supermarket purchases and streaming services, the benefits often outweigh this cost.
Additionally, the 6% cashback rate on U.S. supermarket purchases is limited to the first $6,000 spent annually. Once this threshold is reached, the cashback rate drops to 1%. This limitation may be a disadvantage for those with exceptionally high grocery expenses.
It’s also worth noting that American Express cards may not be as widely accepted as Visa or Mastercard, which could be a minor inconvenience in certain situations.
Despite these drawbacks, the Blue Cash Preferred® Card remains an excellent choice for many consumers, particularly those who can take full advantage of its rewards and benefits.
How is Credit Approval Determined for the Blue Cash Preferred® Card From American Express?
The credit approval process for the Blue Cash Preferred® Card from American Express involves a comprehensive evaluation of an applicant’s creditworthiness. American Express considers several key factors when making their decision.
Firstly, they assess an applicant’s credit score. A higher credit score typically indicates responsible credit management and a lower credit risk, increasing the chances of approval. American Express generally looks for applicants with good to excellent credit scores.
Secondly, they consider an applicant’s credit history, which includes factors such as the length of credit history, on-time payments, and any negative marks, such as late payments or bankruptcies.
Income is another critical factor. American Express assesses whether the applicant has a stable income that can support the credit limit requested and the card’s annual fee.
Finally, they evaluate the applicant’s existing debts and financial obligations. A high debt-to-income ratio may negatively impact approval odds.
Overall, while American Express has stringent credit approval criteria, the Blue Cash Preferred® Card is accessible to individuals with good credit profiles. It’s essential for applicants to have a solid credit history and income to increase their chances of approval for this rewarding card.
Is There a Pre-Approved Credit Limit?
The Blue Cash Preferred® Card from American Express does not come with a specific pre-approved credit limit. Instead, American Express assesses each applicant’s creditworthiness individually during the application process. The credit limit you receive will depend on factors such as your credit score, credit history, income, and existing debts.
Typically, individuals with excellent credit profiles can expect higher credit limits, potentially allowing them to make larger purchases. It’s important to note that American Express may offer a range of credit limits based on the applicant’s financial situation. It’s advisable to provide accurate financial information during the application to increase your chances of securing a credit limit that aligns with your needs and financial capacity.
Interested in Applying? Learn How to Get the Blue Cash Preferred® Card From American Express!
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Whether you’re looking to earn substantial cashback rewards or enjoy valuable benefits, this card can be an excellent addition to your wallet. Don’t miss out on the opportunity to maximize your credit card benefits – take the next step now!