Best Rewards Credit Cards - Blue Cash Preferred® Card from American Express



Rewards Rate

6%: 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)

6%: 6% Cash Back on select U.S. streaming subscriptions

3%: 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more

3%: 3% Cash Back at U.S. gas stations

1%: 1% Cash Back on other purchases


Recommended Credit

Good to Excellent

670-850


Despite its high annual fee, the Blue Cash Preferred card is one of our favorite cards for families: It helps take the sting out of car pool lines and long commutes by offering a generous point bonus on U.S. gas station spending and it offers one of the highest cash back bonuses you can get when you use your card at U.S. supermarkets.


Introductory Bonus

$250 after spending $1,000 in first 3 months


Average Yearly Rewards Value ($1,325 monthly spend) $406


APR 15.24-26.24% (variable)


Rewards Redemption Pros

No rotating categoriesNo enrollmentOccasional option for gift cards or merchandiseRedeem for previous purchases

Cons

6% bonus at U.S. supermarkets limited to $6,000 in purchases per year (1% thereafter)3% and 6% rewards are only available in the U.S.


Other Notable Features: Cash back tracker, purchase protection, return protection, entertainment access, roadside assistance, Global Assist Hotline


Blue Cash Preferred Card from American Express Review: More Details

The recently updated Blue Cash Preferred Card from American Express boasts a revamped rewards rate, now offering one of the highest rates of cash back you can find on select U.S. streaming subscriptions – making your next binge night a great way to rack in rewards.

Most appealing of all, the Blue Cash Preferred card comes with an incredibly generous rate on U.S. supermarket purchases, making it a top choice for families who spend a significant amount on groceries each month. Even with a yearly spend cap on the category, the Blue Cash Preferred is an incredibly rewarding option for U.S. supermarket purchases.

Earning cash back

Earning cash back with the Blue Cash Preferred card is simple, with a generous rate on everyday purchases such as U.S. gas station and supermarket purchases. Cardholders earn a whopping 6 percent cash back at U.S. supermarkets (on up to $6,000 in purchases per year, then 1 percent) and 3 percent cash back at U.S. gas stations.

Even with a $6,000 per year spend cap on the 6 percent rate on U.S. supermarket purchases, this is a very lucrative category. If you meet that cap every year – or spend about $500 on those purchases per month – you can bring in $360 per year in rewards on U.S. supermarket purchases alone.

0 comments

Recent Posts

See All