Overview

Who is this credit card designed for?

Blue Cash Preferred Card from American Express is a credit card issued by American Express Bank, which is based in New York, NY. 

Blue Cash Preferred Card from American Express is designed for people with a credit score of 700 to 850. It is designed for people who want a cashback rewards program. This card allows you to earn cash on the purchases you make. A rewards program is included that allows you to convert your purchases into travel, gifts, or other perks. This card supports balance transfers, which is an attractive feature if you have credit card debt and would like to transfer it to a card with a lower APR.

What are the relevant APRs?

Blue Cash Preferred Card from American Express has a variable purchase APR that ranges from 14.49% up to 25.49%.

The card has a variable balance transfer APR that ranges from 14.49% up to 25.49%.

It also has a variable cash advance APR starting at 26.74%.

Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Is an introductory APR offer available?

Yes, Blue Cash Preferred Card from American Express offers an introductory APR rate on balance transfers of 0% for a period of 12 months.

This card does offer an introductory APR rate on new purchases of 0% for a period of 12 months.

What are the fees?

The following fees apply to Blue Cash Preferred Card from American Express:

• An annual fee of $95. Make sure the rewards and benefits of this card justify the cost of the annual fee.
• A late payment penalty of up to $38.
• A returned payment fee of up to $38.
• There is no overlimit fee
• A foreign transaction fee of 2.7%. Transactions in a foreign currency get hit with a 2.7% fee. For example, if you buy a $1,000 flight in euros, you will pay a foreign transaction fee of $27.

Is a rewards program offered?

Blue Cash Preferred Card from American Express offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This card features rewards for purchases in the following categories:

• Every Purchase
• Gas
• Groceries
• Retail

Is a signup bonus offered?

Yes, Blue Cash Preferred Card from American Express offers card users a signup bonus worth up to $200 after spending $1000.

Is an annual loyalty bonus offered?

Blue Cash Preferred Card from American Express doesn't offer a cash loyalty bonus.

What additional benefits are offered?

 Blue Cash Preferred Card from American Express provides the following benefits:

Does Blue Cash Preferred Card from American Express report your account activity to credit bureaus?

Blue Cash Preferred Card from American Express reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.