dcsimg

Our credit card articles, reviews and ratings maintain strict editorial integrity; however we may be compensated when you click on or are approved for offers from our partners. How we make money.

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

Blue Cash Preferred® Card from American Express Review

Pros & Cons

  • Earn a $200 bonus statement credit after you spend $1,000 in the first three months.
  • The 2019 Editor's Choice pick for Best Credit Card for Families and it made our Best Cash-Back Rewards Credit Card list.
  • Earn 3 percent cash back at U.S. gas stations. And, 1 percent cash back on other purchases.
  • This is a great card with outstanding benefits for those who spend a lot; however, if you don't spend a lot at U.S. supermarkets you may have a difficult time offsetting the annual fee. If this is you, consider the no annual fee version of this card, Blue Cash Everyday® Card from American Express.
Terms and Limitations Apply

Top Features

Cash Back on Gas
3% at U.S. gas stations
Cash Back on Groceries
6% at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%)
Cash Back on Other
1% cash back on other purchases
Annual Fee
$95

Full Review

Curtis Arnold Editor-in-chief

Blue Cash Preferred® Card from American Express Essentials

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, its popularity earned it a 2019 CardRatings.com Editor's Choice Award for Best Credit Card for Families.

Blue Cash Preferred® Card from American Express offers:

  • 6 percent cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1 percent)
  • 3 percent cash back at U.S. gas stations
  • 1 percent cash back on all other purchases
  • an opportunity to earn $200 bonus cash back when you spend $1,000 in the first three months.

Blue Cash Preferred® has a $95 annual fee (See Rates and Fees) attached to the membership, but don't let this deter you. Think of it this way:  if you spend $1,585 at U.S. supermarkets 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 About the Blue Cash Preferred® Card from American Express

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 supermarkets and gas stations. We love the high-rewards rate, and the simplicity of the rewards program.

The high rewards rate in the supermarket category lends itself to a unique opportunity cardholders may not think about: cash back for gift cards. Many supermarkets 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 supermarket, with the 6 percent 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 "supermarkets" 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® Card 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 percent each time you swipe your plastic abroad, which can really add up. That said, doubling up and having a card that you use for supermarket and gas station purchases, and another likeChase Sapphire Preferred® or the Capital One® Venture® Rewards Credit Card for travel can help you optimize your different types of spending. 

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

Blue Cash Preferred® Card from American Express vs. Citi® Double Cash Card - 18 month BT offer

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 the Citi® Double Cash Card - 18 month BT offer (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 Card - 18 month BT offer may be a better card for you. Furthermore, there's a nice 18-month 0 percent balance transfer offer with this card (then, 15.74% - 25.74%* Variable).

Blue Cash Preferred® Card from American Express vs. Chase Freedom®

Chase Freedom® offers 5 percent cash back for quarterly rotating categories. Crunch the numbers to see if 6 percent cash back at supermarkets or 5 percent cash back from restaurants or gas or any other future categories mean the most cash back for you.

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

These American Express cash back cards offer similar benefits: the rewards categories are identical even though the earn rates are slightly lower (3 percent at U.S. supermarkets (up to $6,000 spent annually, then 1 percent) 2 percent at U.S. gas stations and 1 percent on all else), 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. Blue Cash Everyday® Card from American Express does not have an annual fee (See Rates and Fees), so if you spend less than $50 a week on your credit card the Blue Cash Everyday® Card from American Express makes more sense. Spending over $50 offsets the annual fee for the Blue Cash Preferred® Card from American Express, 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 at gas stations or supermarkets: Think soccer parents toting kids to and fro while simultaneously ensuring they have a home-cooked meal to keep their energy up or if you’re a do-it-yourself foodie or if you spend a lot of time in your car, this card is also great.

To see the rates and fees for the American Express cards featured, please visit the following links: Blue Cash Everyday® Card from American Express (See Rates and Fees); Blue Cash Preferred® Card from American Express (See Rates and Fees)

This page was last updated on February 13, 2019

This card compared to other cash back cards

Cash Back on Gas
3% at U.S. gas stations
Unlimited 1.5% cash back
1%
Cash Back on Groceries
6% at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%)
Unlimited 1.5% cash back
2% at grocery stores
Cash Back on Other
1% cash back on other purchases
Unlimited 1.5% cash back
1%
Purchase Intro
APR:
0% on purchases
Period:
12 months
APR:
0% Intro APR on Purchases
Period:
15 months
APR:
N/A
Regular APR
15.24% - 26.24% Variable
17.24 - 25.99% Variable 
16.74% - 25.74% (Variable) 
Rates and Fees
CardRatings.com Editorial Staff

Blue Cash Preferred® Card from American Express details

Balance Transfer Intro APR
0% on balance transfers
Balance Transfer Intro Period
12 months
Purchase Intro
APR:
0% on purchases
Period:
12 months
Regular APR
15.24% - 26.24% Variable
Annual Fee
$95

What American Express says about this card

  • $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations. 1% cash back on other purchases.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • $95 annual fee.
  • 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.


Write Consumer Reviews:





E-Mail will not be published









Featured offers
Currently available on the Blue Cash Preferred® Card from American Express
Earn $200 statement credit
After you spend $1,000 in purchases on your new Card within the first 3 months.
FIND THE
BEST CARD
FOR YOU
Select Your Credit Score:
(Ok to Guess)
Excellent
(720-850)
Good
(690-719)
Fair
(630-689)
Bad
(350-629)
None/Limited I don't Know
Apply online for Chase Freedom Unlimited®

Chase Freedom Unlimited®

  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Credit Needed:
Excellent, Good
Apply online for Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card

  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
Credit Needed:
Excellent, Good