American Express National Bank Blue Cash Preferred Credit Card Review

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

• Generous reward rate. You will get a cashback rewards rate of up to 6%.
• 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. American Express National Bank Blue Cash Preferred Credit Card has a variable purchase APR that ranges from 13.99% up to 23.99%.
• 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. 3% cashback on eligible gas purchases.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

The Good

The Bad

0% introductory APR on purchases and balance transfers. Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No balance transfer fee. 0% APR on new purchases during the first 12 months. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Identity Theft Protection. Travel accident and travel assistance insurance. Trip cancellation insurance. Cardholders can earn rewards on their purchases. American Express National Bank Blue Cash Preferred Credit Card reports to multiple credit bureaus.

High APR after intro period. Requires good to excellent credit. Charges an annual fee of $95 Charges a foreign transaction fee of 2.7%.

Is there a American Express National Bank Blue Cash Preferred Credit Card cash back or rewards program?

American Express National Bank Blue Cash Preferred Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With American Express National Bank Blue Cash Preferred Credit Card 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.

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American Express National Bank Blue Cash Preferred Credit Card Rewards

Minimum rewards rate	1x
Max rewards rate	6x
Annual rewards limit	N/A
Signup Bonus ($)	$300
Signup Bonus Spend Requirement	$1000
Signup Bonus Spend Period (months)	3 months

What are the American Express National Bank Blue Cash Preferred Credit Card benefits?

American Express National Bank Blue Cash Preferred Credit Card provides the following benefits:

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

What are the relevant APRs for American Express National Bank Blue Cash Preferred Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. American Express National Bank Blue Cash Preferred Credit Card has lower than average purchase APRs.

American Express National Bank Blue Cash Preferred Credit Card has a variable purchase APR that ranges from 13.99% up to 23.99%. It also has a variable cash advance APR of 25.24% . Note that late payments are subject to an APR of 29.24% 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 fees for American Express National Bank Blue Cash Preferred Credit Card?

The following fees apply to American Express National Bank Blue Cash Preferred Credit Card:

• There is no overlimit fee

American Express National Bank Blue Cash Preferred Credit Card Fees

Fees	Amount
Annual Fee	$95
Overlimit Fee	$0
Foreign Transaction Fee	2.7%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

Does American Express National Bank Blue Cash Preferred Credit Card report your account activity to credit bureaus?

Yes, American Express National Bank Blue Cash Preferred Credit Card 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 may help improve your credit.

How to apply for American Express National Bank Blue Cash Preferred Credit Card

• Visit the American Express National Bank Blue Cash Preferred Credit Card 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 your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.