With this card, you’ll earn 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 AND – 3% cash back at U.S. gas stations. 1% cash back on other purchases.
In addition, cardholders earn 6% cash back on select U.S. streaming subscriptions and 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses & more.
With those features being stated, the $95 annual fee can easily be offset with the $360 cash back rewards you will earn if you spend $6,000 in total at U.S. supermarkets via the 6% cash back ($6K spend cap, then 1% afterwards), so if you’re looking for a card that rewards you greatly for frequent purchases such as grocery spend, cash purchases, and shopping, this card may be ideal for you!
If this card appeals to you, continue to read below for more of this card’s
Table of Contents
Amex Blue Cash Preferred Card Summary
The Blue Cash Preferred® Card from American Express offers a $250 statement credit after spending $1,000 in purchases on your new Card within the first 3 months.
You'll earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases. In addition, you'll earn 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses & more.
The card does come with a $95 annual fee.
Amex Blue Cash Preferred – $250 Statement Credit
After spending $1,000 in the first 3 months of opening your account, you can earn a $250 statement credit. In addition to that, you can also also earn 6% cash back when you spend your Amex Express Blue Cash Preferred card at select U.S grocery stores and supermarkets. There are many ways to go about this. Down below are several options to acquiring this offer.
• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.
• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on what bank offers it.
• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.
As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
Earning Cash Back
With the Amex Blue Cash Preferred, purchases made with digital media and streaming services earn an unlimited 6% cash back. These include Amazon Prime, Netflix, HBO, Apple Music, Audible, and some others.
U.S. supermarket purchases earn 6% cash back, up to a $6,000 annual spending limit. Therefore, you can earn a total of $360 cash back per year. After hitting $6,000, supermarket purchases earn an unlimited 1% cash back. Note that Amex doesn’t include superstores like Walmart and Target nor warehouse club stores like Costco and Sam’s Club in their grocery store category for the purposes of this card.
U.S. gas station and transit (including rideshare) purchases earn an unlimited 3% cash back.
All other purchases earn an unlimited 1% cash back.
Redeeming Cash Back
Redeem your cash back for a statement credit once you hit the $25 redemption minimum. You can also redeem for gift cards and general merchandise.
Amex Blue Cash Preferred Cardholder Benefits
Enjoy several travel perks from the Amex Blue Cash Preferred:
- 24/7 roadside assistance hotline for all travelers
- Rental car loss and damage insurance coverage when charging the full amount of their rentals to the card
- 24/7 global concierge service for all cardholders traveling more than 100 miles from home
- Accidental death insurance for traveling cardholders
The Amex Blue Cash Preferred also has some generous shopping benefits:
- Extended warranties on items with original warranties of five years or less
- Up to $300 in per-item coverage ($1,000 total per calendar year) for returns rejected within 90 days of original purchase
- Up to $1,000 in per-item coverage ($50,000 total per calendar year) for items lost or damaged within 90 days of purchase
The Blue Cash Preferred® Card from American Express is essentially the upgraded version of the American Express Blue Cash Everyday Card (see our review). With the Blue Cash Preferred Card, you’ll receive double the cash back — meaning 6% Cash Back at U.S. supermarkets rather than only 3%. And you’ll also earn 3% Cash Back at U.S. gas stations rather than just 2%.
And to reiterate, the $95 annual fee can easily be offset with the $360 cash back rewards you will earn if you spend $6,000 in total at U.S. supermarkets via the 6% cash back ($6K cap, then 1% afterwards) and that’s just considering maxing out in the U.S. supermarket category minus the 3% cashback on gas and select department stores.
So, overall, if you spend heavily in these listed categories, this card is ideal for you! Provide feedback in the comment section below by telling us your thoughts and experience with this card.
Learn more about this card and its features here.
Alternative Credit Cards Options
If you aren’t necessarily a supermarket enthusiast or prefer to spend your credit card at wholesale stores instead rather than just on groceries, then consider these similar alternatives. These include the Chase Sapphire Preferred Card and Capital One Savor Cash Rewards Credit Card.
Flexible Similar Annual Fees Alternatives
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®!
You'll earn 2X points on travel and dining at restaurants worldwide; 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
The Capital One® Savor® Cash Rewards Credit Card offers a one-time $300 cash bonus after spending $3000 on purchases within the first 3 months from account opening.
You'll earn an unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Capital One cardholders get access to premium experiences in dining, entertainment and more.
This card does carry a $95 annual fee, however, there is a $0 intro annual fee for the first year.
No Annual Fees Alternatives
If you don’t spend as often at wholesale stores in general, then there are some lower alternatives as well such as the Blue Cash Everyday Card from American Express, Chase Freedom Unlimited, Capital One Quicksilver Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card.
The Blue Cash Everyday® Card from American Express offers $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
You'll earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%), 2% cash back at U.S. gas stations and at select U.S. department stores, and 1% back on other purchases.
There are no annual fees with this card (See Rates & Fees).
The Chase Freedom Unlimited® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
The Capital One® Quicksilver® Cash Rewards Card offers a one-time $150 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.
The Capital One® SavorOne® Cash Rewards Credit Card offers a one-time $150 cash bonus after spending $500 on purchases within the first 3 months from account opening.
You'll earn an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees.
• Chase Bank Bonuses. Chase usually offers the most sign-up bonuses out of all the big banks. Read up and enjoy several promotions for their Checking, Savings and Business accounts.
• HSBC Bank Bonuses. HSBC has some big value offers available for their Checking accounts. Some require hefty deposits to qualify. They also have an online Savings account offering a very competitive rate.
• Huntington Bank Bonuses. Huntington has Consumer Checking and Business Checking accounts available throughout the year.
• Discover Bank Bonuses. As an online bank, Discover offers high and competitive rates on their Savings, CD, and Money Market accounts. Enjoy excellent customer service nationwide.
• TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available.
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