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Blue Cash Preferred Card from American Express

in Personal Credit Cards

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Blue Cash Preferred Card from American Express

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Overview

Who is Blue Cash Preferred from American Express® Designed For?

The Blue Cash Preferred from American Express® is designed for people with excellent credit who want generous cash back rewards on everyday purchases plus all the benefits and perks that come with a prime American Express® card. The Blue Cash also has a long 0% APR intro rate, which makes it appealing to people who carry, or are planning to carry, a balance and don't want to pay interest on their purchases.

What are the Rates for Blue Cash Preferred from American Express®?

Blue Cash Preferred from American Express® charges 14.49% APR to 25.49% APR on purchases and balance transfers, based on the credit history of cardholders. These are decent rates for a card with such a generous rewards and benefits program. On the other hand, a late or returned payment could trigger a 29.99% APR penalty rate.

The Blue Cash Preferred has a 12-month 0% APR on purchases and balance transfers. However, there is a balance transfer fee to take into consideration.

What Are the Fees for Blue Cash Preferred from American Express® Credit Card?

- The Blue Cash Preferred from American Express® has a $95 annual fee, a $5 or 3% (whichever is greater) balance transfer and cash advance fee, and a 2.7% foreign transaction fee. As well as the penalty rate, late and returned payments also incur a $38 fee.

What Is Blue Cash Preferred from American Express®'s Rewards Program Like?

Blue Cash Preferred from American Express® is possibly the best cash back rewards program available. Its straightforward and simple to use: no rotating reward categories or enrollment required.

It gives 6% cash back at US supermarkets, 3% at US gas stations and participating department stores, and 1% on all other purchases. The 6% cash back at supermarkets only applies up to $6,000 in purchases, but that still represents $360 in potential savings a year. Cash back is earned as Reward Dollars, which can later be redeemed for statement credits, merchandise or gift cards.

What about Blue Cash Preferred from American Express®'s Signup Bonus?

Blue Cash Preferred from American Express® includes a $200 signup bonus for new customers who spend $1,000 within the first three months of opening an account.

Does Blue Cash Preferred from American Express® Have Any Other Benefits?

The Blue Cash Preferred comes with all the benefits and protections you would expect from a prime American Express® credit card. These include travel benefits, such as roadside assistance, car rental insurance, and travel insurance; and shopping perks, such an extended warranty, return protection and purchase protection.

How Is Blue Cash Preferred from American Express® Better Than Other Credit Cards?

The Blue Cash Preferred from American Express® is probably the most generous cash back rewards program available. Its high cash back rates on supermarket and gas purchases make it easy to earn hundreds of dollars a year in rebates. For example, a family that spends $100 a week in groceries, will receive $312 a year in cash back. Add to that a long 0% APR intro rate and valuable travel and shopping benefits, and you can see why many believe this is the best everyday cash back card available.

However, cardholders should be aware of its high penalty rate, the $95 annual fee, and the 2.7% foreign transaction fee. Although the annual fee quickly pays for itself, the penalty rate is unforgiving to people who are late with their payments, and you may want to leave the Blue Cash Preferred out of your wallet when you go on vacation abroad.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Available in 50 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period
25
Over-Limit Fee
$0
Minimum Interest Charge
$0
Late Payment Penalty
$38
Returned Payment Fee
$38
Annual Fee
$95
Foreign Currency Transaction Fee
2.7%
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Credit Score Range
700 - 850
850 300 700
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Minimum Age
18
Customer Type
Personal
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • ID Theft Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
Extended Warranty
Fraud Liability
Travel Insurance
Emergency Support
Flight Insurance
Car Rental Insurance
Bonus Rewards
6x
Rewards Categories
  • Every Purchase
  • Gas
  • Groceries
  • Retail
Every Purchase
1x
No Reward Expiration Period
Signup Bonus
$200
Cash Advance APR
(Variable APR)
Starting at
26.74%
Purchases APR
(Variable APR)
14.49% - 25.49%
0% 29%
Balance Computation
average daily balance (including new purchases)
Penalty APR
29.99%
Introductory Rate
0%
Balance Transfer APR
(Variable APR)
14.49% - 25.49%
8% 29%
Transfer Fee
3%
Transfer Fee Minimum
$5
Transfer Fee
3%
Introductory Rate
0%
Intro APR period (months)
12

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