Published July 14, 2017
Overview: Earn 6% cash back at U.S. supermarkets up to $6,000 in purchases (then 1%); Earn 3% cash back at U.S. gas stations.
Full Card Review
Blue Cash Preferred® Card from American Express (a SmartAsset advertiser) may be a good fit for those looking for big cash-back rewards with limited restrictions. As with other cash-back credit cards, users can earn 1% cash back on most purchases (fees or purchases of cash equivalents like traveler’s checks are not included). However, the true value of the Blue Cash Preferred® Card comes from the rewards it offers on U.S. supermarket, gas, and select department store purchases. Each year, users of the card can earn 6% cash back on their first $6,000 worth of purchases from U.S. supermarkets (1% afterward), which can amount to big savings for a frequent supermarket shopper. Moreover, you can earn 3% cash back at U.S. gas stations and 3% cash back on purchases at select U.S. department stores such as Macy’s or Bloomingdale’s. Shoppers who register also get the added benefit of return protection of up to $300 per purchase and $1,000 per year for eligible unused items that the seller refuses to refund.
With significant cash-back rewards, and the opportunity to earn up to $200 back, the American Express Blue Cash Preferred® Card may be well worth its $95 annual fee.
Rewards and Benefits
- $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
- 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.
- 3% cash back at U.S. gas stations, 1% cash back on other purchases.
- Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
- Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
- $95 annual fee.
- Terms Apply.
Requirements, Costs & Fees
- Credit needed: Excellent, Good
- Purchase APR: 15.24%-26.24% Variable
- APR for Cash Advances: 27.49% Variable% variable.
- Balance Transfer Fee: $5 or 3%, whichever is greater.
- Cash Advance Fee: $5 or 3%, whichever is greater.
- Penalty APR: 29.99% variable.
- Annual Fee: $95.
- Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.% of each transaction in U.S. dollars.
- Late Payment Fee: Up to $38.
- Returned Payment: Up to $null.
- See all Rates and Fees
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