Features

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 13.24% APR to 23.24% 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 29.49% APR penalty rate.

The Blue Cash Preferred has a 12-month 0% APR on purchases and balance transfers, one of the longest intro rates available. 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.

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

Blue Cash Preferred from American Express includes a $150 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.

  • Card Type
    • Cash Back
    • Balance Transfer
    • Rewards
  • Customer Type
    Personal
  • Card Network
    American Express
  • Credit Score Range
    700 - 850
  • Minimum Age
    18
  • Annual Fee
    $95
  • Grace Period / Deferred Interest
    25
  • Late Payment Penalty
    $38
  • Returned Payment Fee
    $38
  • Foreign Currency Transaction Fee
    2.7%
  • Car Rental Insurance
  • Emergency Support
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Travel Insurance
  • Cashback
  • Penalty APR
    29.49%
  • Purchases APR
    13.24% - 23.24%
  • Transfer Fee
    3%
  • Balance Transfer APR
    13.24% - 23.24%
  • Intro APR period (months)
    12
  • 0% Introductory APR
Load More Products

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...

No reviews found.

Be the first to write a review for this company!

Write a Review

New Review for American Express Blue Cash Preferred Card

Rate your experience:

Cancel