Blue Cash Preferred Card® from American Express Review

Jacob Wade

Writer

Blue cash preferred by american express

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

The Blue Cash Preferred® Card from American Express offers high cashback rates on everyday spending categories, such as supermarkets, streaming services, transportation, and gas stations.

It’s the ultimate cashback card for families, with 6% cashback at supermarkets (up to $6,000 spending annually, then 1%), giving you up to $360 per year just for buying food. That, plus the other bonus categories, make this cashback card hard to beat.

Here’s everything you could ever want to know about this credit card.

Quick Facts: Blue Cash Preferred Card® from American Express

  • Rewards rate: 6% cashback on purchases at U.S. supermarkets (up to $6,000 per year, then 1%) and on select streaming services; 3% on U.S. gas station and transit purchases; 1% on all other spending
  • Welcome offer: Earn $250 statement credit after spending $3,000 in the first six months
  • Annual fee: $0 intro annual fee for the first year, then $95 (rates and fees)

. . .

Overview of the Blue Cash Preferred Card® from American Express

The Blue Cash Preferred® Card from American Express is a cashback card tailored for everyday spending.

It provides 6% cashback at U.S. supermarkets (up to $6,000 in annual spending, then 1%), U.S. streaming services, and U.S. gas stations. Coupled with a $250 welcome bonus and multiple bonus reward categories, the Blue Cash Preferred card stands out as one of the best cashback cards available.

There is an annual fee, but it's waived for the first year. And you can easily earn that amount back in cashback with just spending at supermarkets. At 6% cashback, if you max out your supermarket spending for the year, you’ll earn $360 in cashback at supermarkets alone. Add to that additional cashback categories, and you can earn far more than the annual fee each year.

Furthermore, American Express provides its industry-leading car rental loss and damage insurance,* saving you money on car rentals and covering theft or damage to a rental vehicle.

Overall, if you want a simple cashback card that offers big spending bonuses, the Blue Cash Preferred Card® from American Express is one of the best available today.

Pros

  • Generous cashback at U.S. supermarkets and on U.S. streaming services
  • Statement credits for Disney+ Bundle and Equinox Plus services (enrollment required)
  • Secondary car rental coverage available

Cons

  • Annual fee after first year
  • Foreign transaction fee
  • Does not earn American Express Membership Rewards points

Learn more about the Blue Cash Preferred Card® from American Express.

Welcome Offer

The Blue Cash Preferred Card® from American Express is currently offering a $250 welcome bonus in the form of a statement credit after spending $3,000 within six months of opening the account.

That, along with the ability to earn over $300 in spending at supermarkets cashback, means you can easily earn over $500 in cashback in the first year.

To be eligible for the welcome bonus, there are some qualifications, including:

  • You can’t have opened a Blue Cash Preferred Card, Morgan Stanley Blue Cash Preferred Card, or previous versions of these cards in the past.
  • You can’t have more than five American Express cards open at one time.
  • You can’t apply for more than two American Express cards within a 90-day period.

Make sure to read through the terms and conditions before applying to avoid an unnecessary pull on your credit if you're not eligible. 

Earning Rewards

You can earn 1 point per dollar spent but there are several bonus categories that pay out much higher rewards, including:

  • 6% cashback on U.S. supermarket purchases (up to $6,000 in spending each year, then 1%)
  • 6% cashback on select U.S. streaming services
  • 3% cashback on transit services (including taxis, rideshare, parking, tolls, trains, buses, etc.)
  • 3% cashback at U.S. gas stations
  • 1% cashback on all other purchases

The biggest benefit is for sure the bonus rewards rate at U.S. supermarkets. According to the USDA, Americans spend anywhere from $5,000 to $15,000 per year on food costs — so you should be able to max out this benefit easily.

Learn more about the Blue Cash Preferred Card® from American Express.

Redeeming Rewards

The Blue Cash Preferred Card® from American Express is a cashback card and doesn’t earn rewards points. Instead, you can use your cashback as statement credits to pay down your credit card balance.

Here's the process to redeem your cashback balance:

  • Log in to your American Express account.
  • Click on “Use Reward Dollars.”
  • Select your amount in increments of $25 ($25 minimum).
  • Rewards dollars will post as a statement credit against your credit card balance.

Benefits of the Blue Cash Preferred Card® from American Express

Here are a few of the additional benefits of the Blue Cash Preferred® Card from American Express:

  • Secondary car insurance: American Express secondary car insurance, allowing you to decline the collision damage waiver when renting a car and have car rental loss and damage insurance.
  • Consumer protections: Purchase protection, extended warranty, and return protection.
  • Disney+ Bundle credit: Up to $84 per year as a statement credit for The Disney+ Bundle, paid out in $7 monthly statement credits. Enrollment required and subject to auto-renewal.
  • Equinox Plus credit: Up to $120 per year as a statement credit for an Equinox Plus membership, paid out in $10 monthly statement credits. Enrollment required.

Who Should Get the Blue Cash Preferred Card® from American Express?

The Blue Cash Preferred® Card from American Express is one of the better cashback cards out there, especially for families. For those who spend heavily at supermarkets, you can maximize rewards on the Blue Cash Preferred, yielding over $300 in annual cashback.

Plus, if you have a lengthy commute or use public transportation, the 3% cashback at U.S. gas stations or for transit services can really add up.

Alternatives to the Blue Cash Preferred Card® from American Express

Although it offers significant value with its cashback opportunities and a moderate annual fee, the Blue Cash Preferred may not be the best choice for everyone.

Here are a few alternatives to consider.

Blue Cash Preferred Card® from American Express vs. Blue Cash Everyday® Card from American Express

  • Rewards rate: 3% cashback at U.S. supermarkets, U.S. gas stations, and U.S. online retailers up to $6,000 in purchases per calendar year in each category; 1% on all other purchases
  • Welcome offer: Earn a $200 statement credit after spending $2,000 on purchases within the first 6 months
  • Annual fee: $0 (rates and fees)
Blue Cash Everyday® Card from American Express

. . .

Both the Blue Cash Preferred Card and the Blue Cash Everyday® Card from American Express offer great cashback perks.

While the Blue Cash Preferred card offers 6% cashback on U.S. supermarket purchases and select U.S. streaming services, the Blue Cash Everyday card offers 3% cashback at U.S. supermarkets, U.S. gas stations, and U.S. online retail purchases.

But the Blue Cash Everyday card has no annual fee, while the Blue Cash Preferred does.

Learn more about the Blue Cash Everyday® from American Express or read our full review

Blue Cash Preferred Card vs. Chase Freedom Unlimited®

  • Rewards rate: 5% cashback on travel through Chase Ultimate Rewards®; 3% on restaurants and takeout; 3% at drugstores; 1.5% on all other purchases
  • Welcome offer: $200 bonus after you spend $500 in the first 3 months from account opening
  • Annual fee: $0
Chase Freedom Unlimited

. . .

The Blue Cash Preferred offers incredible cashback incentives for grocery shopping but with a limit of $6,000 in spending per year. The Chase Freedom Unlimited®, on the other hand, offers unlimited 1.5% to 5% cashback, depending on your purchase.

If you dine out more than you cook at home, you could earn more with the Freedom Unlimited.

Learn more about the Chase Freedom Unlimited.

Blue Cash Preferred Card vs. Citi Double Cash® Card

  • Rewards rate: Up to 2% on all purchases: 1% when you buy, and another 1% when you pay your balance; limited-time offer of 5% total cashback on hotel and car rentals booked on the Citi Travel℠ portal through 12/31/24
  • Welcome offer: Earn $200 cashback after you spend $1,500 in the first 6 months
  • Annual fee: $0
Citi Double Cash

. . .

The Citi Double Cash card stands out as one of the most flexible cashback cards, offering 2% cashback on all purchases. It provides 1% when you buy and another 1% when you pay off, with no limits. The higher cashback in certain categories and lower cashback for most other purchases.

The Citi Double Cash card also has no annual fee, while the Blue Cash Preferred card has an annual fee after the first year.

FAQs

What does Amex Blue Cash Preferred count as streaming?

It offers 6% cashback on select U.S. streaming services, which can include dozens of different services. This may include Disney+, Apple TV+, Apple Music, Amazon Music, Netflix, Spotify, Max (HBO Max), Kindle Unlimited, and more.

Is Amex Blue Cash Preferred worth it?

If you spend heavily at supermarkets, it can absolutely be worth it. If you spend over $6,000 within a year, you can max out your 6% cashback and earn $360 annually just from that bonus category. You’ll then earn 1% on subsequent U.S. supermarket purchases for the rest of the year. This more than offsets the annual fee.

To Sum Up…

With the Blue Cash Preferred® Card from American Express, you can earn a lot of cashback on your regular spending at supermarkets and gas stations — basically saving you money on spending you'd be doing anyway.

But remember there is an annual fee, so make sure you'll earn enough back to offset the cost of the fee.


Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

* Car 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.

Disclosure: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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Author picture

I'm an award-winning lawyer and personal finance expert featured in Inc. Magazine, CNBC, the Today Show, Business Insider and more. My mission is to make personal finance accessible for everyone. As the largest financial influencer in the world, I'm connected to a community of over 20 million followers across TikTok, Instagram, YouTube, Facebook and Twitter. I'm also the host of the podcast Erika Taught Me. You might recognize me from my viral tagline, "I read the fine print so you don't have to!"

I'm a graduate of Georgetown Law, where I founded the Georgetown Law Entrepreneurship Club, and the University of Notre Dame. I discovered my passion for personal finance after realizing I was drowning in over $200,000 of student debt and needed to take action-ultimately paying off my student loans in under 2 years. I then spent years as a corporate lawyer representing Fortune 500 companies, but I quit because I realized I wanted to have an impact; I wanted to help real people and teach them that you can create a financial future for yourself.

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Our aim is to help you make financial decisions with confidence through our objective article content and reviews. Erika.com is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. This in no way affects our recommendations or article content.

Advertiser Disclosure

Our aim is to help you make financial decisions with confidence through our objective article content and reviews. Erika.com is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. This in no way affects our recommendations or article content.

Advertiser Disclosure

Our aim is to help you make financial decisions with confidence through our objective article content and reviews. Erika.com is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. This in no way affects our recommendations or article content.