Blue Cash Preferred® Card from American Express: review

We all need food to survive, and if you prefer to buy your groceries at the store rather than dine out, the Blue Cash Preferred Card from American Express is one you want to consider.

Even though it charges a $95 annual fee, the rewards earned can be well worth it because the high rewards on U.S. supermarkets and U.S. gas stations can help offset the expense for many families.

Pros & Cons

Pros

• No enrollment is required, cash back is automatic
• 6% cash back capped at $6,000 in annual spending at U.S. supermarkets (not including superstores like Walmart or Target)
• 6% cash back on select U.S. streaming services
• 3% cash back on transit and gas
• 1% cash back on all other purchases
• $0 introductory annual fee for the first year, then $95. annual fee
• Welcome bonus: Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
• Introductory 0% APR on purchases, but not balance transfers, followed by the card’s standard APR

Cons

• 6% cash back at US supermarkets is capped at $6,000 in annual spending
• 2.7% foreign transaction fee
• Very high cash advance fee

Rates, fees & offers

• Annual fee: $0 introductory annual fee for the first year, then $95.
• Rewards rate: 1%-2%
• Bonus offer: $300 statement credit after making $3,000 in purchases within the first 6 months
• Intro APR: 0% introductory APR for the first 12 months from the date of account opening.
• Ongoing APR
  APR: 13.99% – 23.99% Variable APR

Penalty APR: 29.99%
Cash Advance APR: 25.24%, Variable

• Balance transfer fee: N/A
• Foreign transaction fee: 2.7% of each transaction after conversion to US dollars.

Review

Earn More Cash Back

You can earn cash back every time an Additional Card Member makes an eligible purchase with their Card in the same way you do on your own purchase. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.

Pay It Plan It^®

Pay It Plan It^®, two easy ways to control how you pay:

• Pay It^® Tap a purchase amount under $100 in the American Express^® App to quickly make payments throughout the month.
• Plan It^® Select purchases of $100 or more and split them up into monthly payments with a fixed monthly fee and no interest charges.

Plus, you’ll still earn rewards as you normally would.

$120 Equinox+ Credit

Work out at home with Equinox+ and get up to $120 back annually. Use your Blue Cash Preferred Card to pay for Equinox+ at equinoxplus.com and receive $10 in monthly statement credits. Enrollment required.

How to request this card

Applying for a credit card is very simple and you can do it through the app or website. But you need:

• Social Security Number
• Gross income
• Employer name (if applicable)
• Rent/mortgage amount

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