Blue Cash Preferred Card from American Express Review

Blue Cash Preferred Card from American Express is a cashback credit card issued by American Express National Bank. If you're wondering whether Blue Cash Preferred Card from American Express is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of 6 points per dollar spent.
• Earn 1 point for every dollar spent on everyday purchases. Terms and conditions apply.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of $300 if you spend $1000 within 3 months.
• Competitive APRs. Blue Cash Preferred Card from American Express has a variable purchase APR that ranges from 13.99% up to 24.99%.
• 3% Balance transfer fee. Blue Cash Preferred Card from American Express charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2.7% every time you make a transaction outside the U.S.
• Gas rewards. Earn up to 3% for every $1 you spend on gas.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, purchase protection, travel accident insurance, travel assistance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

Blue Cash Preferred Card from American Express Pros and Cons:

Is there a Blue Cash Preferred Card from American Express cash back or rewards program?

Blue Cash Preferred Card from American Express is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Blue Cash Preferred Card from American Express you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 6% for purchases in a bonus category.

What are the Blue Cash Preferred Card from American Express benefits?

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

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Blue Cash Preferred Card from American Express?

Blue Cash Preferred Card from American Express has a variable purchase APR that ranges from 13.99% up to 24.99%. The card has a variable balance transfer APR that ranges from 13.99% up to 24.99%. It also has a variable cash advance APR of 26.24% . 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.

What are the Blue Cash Preferred Card from American Express fees?

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

• There is no overlimit fee

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 on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Blue Cash Preferred Card from American Express

• Visit the Blue Cash Preferred Card from American Express website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.