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Apply online for Blue Cash Preferred® Card from American ExpressSponsored card
About Our Ratings
Credit Needed
Excellent, Good

Blue Cash Preferred® Card from American Express Review

Pros & Cons

  • 6% cash back at U.S. grocery stores, 3% cash back at U.S. gas stations and 1% everywhere else. These high reward categories don't rotate, meaning you get them all year long.
  • Winner of the 2017 CardRatings Editor's Choice Award for Best Tiered Cash-Back Card.
  • Right now, you can earn $150 in statement credit after you spend $1,000 within the first three months of account opening.
  • This is a great card with outstanding benefits for those who spend a lot; however, if you don't spend a lot at supermarkets you may have a difficult time offsetting the annual fee. If this is you, you might want to consider the no annual fee version of this card, Blue Cash Everyday® Card from American Express.

Top Features

Cashback on Gas
3% at U.S. gas stations
Cashback on groceries
6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
Cashback on other
1% other purchases. Terms and limitations apply.
Annual Fee
$95

Full Review

Curtis Arnold Editor-in-chief

2017 Editor's Choice Pick: Blue Cash Preferred Card from American Express®

Blue Cash Preferred® Card from American Express (American Express is a CardRatings advertiser) is one of the most popular cards with our readers because of the generous cash back for everyday purchases. In fact, it's popularity earned it a 2017 CardRatings.com Editor's Choice Award for Best Tiered Cash-Back Credit Card.

Blue Cash Preferred® Card from American Express offers:

  • 6 percent cash back at U.S. supermarkets (up to $6,000 per year in purchases)
  • 3 percent cash back at U.S. gas stations
  • 1 percent cash back on all other purchases

Often 0 percent APR introductory offers are limited to one year or less, but Blue Cash Preferred® Card from American Express offers their 0 percent intro offer for a generous 12 months. A long intro APR is great for cardholders that anticipate a major purchase, and could use a bit of extra time to pay it off.

Plus, right now you can earn $150 in the form of statement credits after you spend $1,000 within the first three months of card opening.

Blue Cash Preferred® has a $95 annual fee attached to the membership, but don’t let this deter you. Think of it this way:  if you spend $1,585 at grocery stores annually, at 6 percent cash back you've already covered the annual fee (6 percent x $1,585 = $95.10)! If you’re an avid card user, the high rewards percentages allows you to quickly offset the annual fee, assuming you use your credit card for the categories honored by American Express like supermarkets and gas stations.

What Our Editors Like Most

The bonus categories aren’t rotating so the cash back-eligible businesses are predictable. If you're more of a set-it and forget-it type of person who doesn't want to have to worry about activating bonus categories and missing out on extra rewards, this card is perfect - especially if you regularly spend money at grocery stores and gas stations. We love the high-rewards rate, and the simplicity of the rewards program.

The high rewards rate in the grocery store category lends itself to a unique opportunity cardholders may not think about: cash back for gift cards. Many grocery stores have racks filled with gift cards for popular restaurants and stores that may not fit within the American Express categories, but a gift card can be purchased at a grocery store, with the 6% cash back rate. This concept is the definition of using credit cards as a tool.

Potential Downsides

Read the fine print. Some stores that may seem like “grocery stores” may not actually qualify for the rebate. Wholesale clubs, superstores, and alcohol retailers are typically the culprits for this confusion.

This rewards card is excellent for particular categories. But if you’re a traveler who uses airlines frequently or a fine restaurant dining connoisseur, you may be missing the boat with the rewards offered with the Blue Cash Preferred® Card from American Express.  If this is you, an excellent alternative is Chase Sapphire Preferred®.

This card is not great for traveling abroad. Cardholders will miss out on earning points valid for airline miles, hotel rooms, and other travel related purchases by using the Blue Cash Preferred® from American Express over a credit card specific to travel rewards. And using this card internationally will come at a price. Foreign transaction fees for this card cost 2.7% each time you swipe your plastic abroad, which can really add up. That said, doubling up and having a card that you use for grocery store and gas station purchases, and other like Chase Sapphire Preferred® or the Capital One® Venture® Rewards Credit Card for Travel can help you optimize your different types of spending. 

How American Express Blue Cash Preferred® Compares to Other Cash Back Cards

Blue Cash Preferred® vs. Citi® Double Cash

Citi® recently rolled out an industry-changing program: Price Rewind (Citi is a CardRatings advertiser). Consumers are able to make purchases with their Citi® card and then ask Citi® if they’ve received the best deal. If they haven’t, Citi® will refund the cardholder the difference from what they paid, and the best deal. Couple that deal with Citi® Double Cash (1 percent on purchases, and 1 percent when you pay it back) and you’ve found a competitive card. If your spending patterns don’t align with the categories Blue Cash Preferred® Card from American Express offers, or if you shop online frequently, Citi® Double Cash may be a better card for you.  

Blue Cash Preferred® vs. Chase Freedom®

Chase Freedom® offers 5% cash back for quarterly rotating categories. Crunch the numbers to see if 6% cash back on groceries or 5% cash back from transportation (or any other future categories) mean the most cash back for you.

Blue Cash Preferred® vs. Blue Cash Everyday® from American Express

These American Express cash back cards offer similar benefits: the rewards categories are identical, and the ancillary perks of being an American Express member are similar. The decision between which of the two offers is right for you will boil down to how much you use your card. The Blue Cash Everyday® card does not have an annual fee, so if you spend less than $50 a week on your credit card the Blue Cash Everyday® makes more sense. Spending over $50 offsets the annual fee for the Blue Cash Preferred®, and the higher rewards rates will be more beneficial to you.

Who Should get This Card?

Blue Cash Preferred® Card from American Express is great for anyone who spends frequently on gas and groceries:

  • Think soccer parents toting kids to and fro while simultaneously ensuring they have a home-cooked meal to keep their energy up.
  • If you’re a do-it-yourself foodie or spend a lot of time in your car, this card is also great.

This card compared to other cash back cards

Cashback on Gas
3% at U.S. gas stations
5%
2% at U.S. gas stations
Cashback on Groceries
6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
1%
3% at U.S. supermarkets on up to $6,000 per year in purchases
Cashback on other
1% other purchases. Terms and limitations apply.
5% cash back in rotating categories each quarter like gas stations, restaurants, Amazon.com, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, unlimited 1% cash back on all other purchases.
1% other purchases. Terms and limitations apply.
Purchase Intro
APR:
0% on Purchases
Period:
for 12 months
APR:
0%
Period:
14 months
APR:
0% on Purchases
Period:
for 12 months
Purchase APR
13.49%-23.49% Variable
11.49% - 23.49% Variable 
13.49%-23.49% Variable 
CardRatings.com Editorial Staff

Blue Cash Preferred® Card from American Express details

Cashback on Gas
3% at U.S. gas stations
Cashback on groceries
6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
Cashback on other
1% other purchases. Terms and limitations apply.
Purchase Intro
APR:
0% on Purchases
Period:
for 12 months
Purchase APR
13.49%-23.49% Variable
Annual Fee
$95

What American Express says about this card

  • Limited Time Offer: Apply by 5/3/17 - Earn 10% cash back on purchases at U.S. Restaurants in the first 6 months, up to $200 back.
  • Plus, earn $150 back after you spend $1,000 in purchases on your new Card within the first 3 months.
  • Everyday Cash Back: 6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 3% at U.S. gas stations; 1% on other purchases. Terms and limitations apply.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only earn cash back on eligible purchases.
  • $95 Annual Fee. 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.49% to 23.49%, based on your creditworthiness and other factors.
  • Terms Apply.

Credit Card Consumer Average Ratings:

Overall Ratings
Reward Program
Card Benefit
Customer Service

Credit Card Consumer Reviews:

  1. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    Jeff B ( Jan 6, 2015 at 11:13 pm)

    One of the best card available out there. Cashback potential is just huge and love their customer service. Annual Fee is only negative point but it doesn't hurt if you plan it to use enough to offset annual fee. Also their promotional offer is great. Not sure how long will it last.


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Featured offers
Currently available on the Blue Cash Preferred® Card from American Express
Earn 10% cash back on purchases at U.S. Restaurants in the first 6 months
, up to $200 back.

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Apply online for Discover it® - Cashback Match™

Discover it® - Cashback Match™

  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Earn 5% cash back in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, unlimited 1% cash back on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your FICO(R) Credit Score for free on monthly statements and online.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO(R) Credit Score terms, Cashback Match(TM) details & other information.
Credit Needed:
Excellent/Good
Apply online for Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

  • Earn $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive cash back in the form of statement credits.
  • Earn Cash Back: 3% at U.S. supermarkets on up to $6,000 per year in purchases, 2% at U.S. gas stations & select U.S. dept stores, 1% on other purchases. Terms and limitations apply.
  • Simple and straightforward: With the Blue Cash Everyday Card, you can start earning cash back.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Cash back is earned only on eligible purchases.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.49% to 23.49%, based on your creditworthiness and other factors.
  • Terms and Conditions apply.
Credit Needed:
Excellent, Good