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 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 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. 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:

The Good

The Bad

0% introductory APR on purchases and balance transfers. Lower than average purchase APRs. 0% APR on new purchases during the first 12 months. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Travel accident and travel assistance insurance. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Blue Cash Preferred Card from American Express reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

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 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.

Blue Cash Preferred Card from American Express Rewards

Rewards rate (all purchases)	1%
Max rewards rate	6%
Annual rewards limit	N/A
Signup Bonus ($)	$300
Signup Bonus Spend Requirement	$1000
Signup Bonus Spend Period (months)	3 months

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?

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

Blue Cash Preferred Card from American Express 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 Blue Cash Preferred Card from American Express?

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

• There is no overlimit fee

Blue Cash Preferred Card from American Express 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 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.