Blue Cash Preferred® Card from American Express
American Express' Business Green Rewards Card offers 2 points per $1 for eligible purchases on amextravel.com, and 1 point for any other purchases.
Card Summary
You can get a hefty 6% cashback on purchases up to $6,000 at U.S. supermarkets each year (then, 1%), and 6% cashback on selected U.S. streaming services.
There is also bonus cash back for other categories. After spending $3,000 on the Card, you can earn $300 in statement credit. Annual percentage rates vary from 13.99% to 23.99%. Variable, depending on credit worthiness.
A $10 cash advance fee or 5% fee (whichever is higher) and 2.7% foreign transaction fees after conversion to U.S. Dollars are added. A penalty fee up to $40 is charged for late payments or returned payments. (See Rates and Fees).
Review of the American Express Blue Cash Preferred card:
Earn hefty Rewards on everyday purchases. But, make sure that the Blue Cash Privilege Card is well worth the annual cost.
Pros:
Select purchases eligible for up to 6% cash back A good introductory bonus.
Purchases eligible for a 12-month, introductory 0% APR
Card Summary - Cons
You will receive a base rate of 1% in rewards.
Foreign transactions converted into U.S. Dollars incur a 2.7% charge.
Rates and fees
Highlights
After you have spent $3,000 on purchases with your Card, receive a $300 credit in the form of a statement. For the first year there is no annual charge, and then you pay $95. You can buy now and pay later.
Plan It, which allows you to divide large purchase into smaller monthly payments, offers $0 in intro fees. Plan fees of $0 are charged for plans that were created within the first twelve months following account opening. After that, plans will be charged a $1.33% monthly fee for each amount that is moved into the plan.
This fee is based on plan duration and the APR otherwise applicable to that purchase.
Intro APR: 0%, 12 Months, on all purchases starting at the day of account opening. The variable rate is 13.99% to 23.99%.U.S. supermarkets offer 6% cash back on purchases up to $6,000 annually (then 1%).
Select streaming subscriptions in the U.S. eligible for 6% cash back Get 3% cash back at U.S. stations, and for transit services (including taxis/rideshares, parking and tolls), other purchases eligible for a 1% cash back cash back is in the form reward dollars, which can be used as statement credits. These terms and conditions apply.
Comparative Analysis with Other Cards
What is the Blue Cash Preferred, Card of American Express?
American Express Blue Cash Preferred card vs. Chase Sapphire Prepaid Card: Which is Better?
Chase Freedom Flex or Blue Cash Preferred Card From American Express: Which one is better?
American Express Blue Cash Everyday card vs. American Express Blue Cash Preferred card Chase Sapphire Preferred card vs. American Express Blue Cash Preferred Cards.
The Chase Sapphire Preferred Card is a great choice for dining and travel. While the Blue Cash Preferred Card by American Express offers high rewards for everyday purchases, it can also earn you large cash back. The Blue Cash Preferred card from American Express offers rewards such as 6% cashback on purchases up to $6,000 each year in U.S. grocery stores and 6% cashback on select U.S. streaming services subscriptions.
The Chase Sapphire Preferred card offers five points per $1 when you book travel through Chase Ultimate Rewards, and three points for dining. Chase Sapphire Preferred Card has an annual fee of $95, while Blue Cash Preferred Card by American Express charges a $0 initial fee and then $95.
The Chase Sapphire Preferred Card does not have a foreign transaction fee and will make international transactions less expensive. After they have been converted into U.S. Dollars, the 2.7% fee for foreign transactions will be charged by American Express' Blue Cash Preferred Card.
Chase Freedom Flex vs. American Express Blue Cash Preferred card
The Chase Freedom Flex as well as the Blue Cash Prepaid Card from American Express, both cash back credit cards with high ratings are highly recommended.
Chase Freedom Flex has a maximum reward rate of 5% while Blue Cash Preferred Cards from American Express have a 6% return in certain categories. New members will receive a 200 bonus when they sign up for the Chase Freedom Flex.
The Chase Freedom Flex doesn't require you to pay an annual fee. However, the Blue Cash Preferred card from American Express charges a $0 annual fee and then $95.
Chase Freedom Flex has a 0% intro APR, which is valid for 15 months after account opening. This applies to purchases as well as balance transfers. After that time there will be a variable rate of 14.99% – 24.74%. American Express Blue Cash Preferred Card offers an intro APR at 0% on all purchases for twelve months starting from account opening.
The variable rate then applies to 13.99% to 23.99%.These cards provide benefits like car rental protection and travel assistance, as well as protection from fraudulent purchases. The Blue Cash Preferred card from American Express will allow you to access entertainment through American Express Experiences.
To qualify for one of these cards, you'll need to have good credit.
American Express Blue Cash Everyday card vs. American Express Blue Cash Preferred Card:
Both the Blue Cash Everyday Card and Blue Cash Preferred Card are structured in a similar way. Each card earns extra cashback on spending up to $6,000 at U.S. supermarkets each year. The Blue Cash Preferred Card of American Express, however, earns 6% while the Blue Money Everyday Card earns only 3%.
The Blue Cash Everyday card from American Express doesn't have an annual fee. However, the Blue cash Preferred card from American Express comes with a $0 annual fee, and then you pay $95. Each card offers a 0% initial APR for purchases. Blue Cash Everyday Card and Blue Cash Preferred Card both offer a 15-month promotional period.
Blue Cash Preferred Card by American Express offers a $300 welcome bonus, and the Blue Cash Everyday Card is available for $200.American Express Blue Cash Preferred card: How to Get Rewards Value of first-year incentives: $833
These are some of the benefits you could earn by using this card. You can get 6% cashback on purchases up to $6,000 per calendar year in supermarkets across the U.S. Select streaming subscriptions in the United States eligible for 6% cashback Get 3% Cash Back on Eligible Transit, such as taxis, rideshares, parking and tolls. Get 3% Cash Back on Gasoline at U.S. Stations. This does not include superstores and warehouse clubs.
All other eligible purchases qualify for a 1% discount. The rewards system can be very attractive if you are able to spend large amounts in high-earning areas, however the restrictions on the categories can make it less appealing. You won't get as much cash back at supermarkets if you shop at warehouse clubs or superstores for your groceries. These stores don't count towards the grocery store category.
You'll only earn 1% cashback for the remainder of the year if you exceed the $6,000 reward limit. You may also not be eligible for the cash back reward of 6% if you bundle your streaming service with another product, or bill through a third-party. Cruises, airfare, car rental, and car rentals are excluded from the transit bonus of 3%.Also, it's worth noting the fact that rewards for supermarkets and gas stations only apply to U.S. purchases.
Purchases outside the U.S. incur the 2.7% foreign transaction fees. Receive a Special Offer After spending $3,000 on the Card, you can get $300 in statement credit. This is a good deal for cashback cards. American Express Blue Cash Preferred card: How do I redeem rewards Redeemable for statement credits, cash back rewards from the Blue Cash Prefer Card of American Express can be used to purchase statements credits.
AmEx might offer gift cards and merchandise redemptions at times. Redeem rewards when your reward balance exceeds $25. You cannot redeem rewards if you have not made your minimum payment. How much is the American Express Blue Cash Preferred card? American Express Blue Cash Preferred Cards offer a 0% initial APR for purchases.
This means that you won't pay interest on your purchases for twelve months. You'll pay an APR between 13.99% and 23.99% variable after that depending on credit worthiness. You can use the Pay It.
Plan It option to spread your payments out over time, even after the promotion ends. You can use Pay It to quickly make a purchase less than $100 and then pay monthly.
Plan It, on the other hand allows you to select purchase that exceed $100 and divide them into monthly installments for a monthly fee. If the monthly fee you pay is lower than what you'd be paying in interest, this can work out to be a great deal. You can also pay your entire balance each month in full so that you don't have to spend more on your purchases.
How much is the American Express Blue Cash Preferred card?
Annual Fee: The first year there is an $0 annual fee, the second year it's $95.Fee for foreign transactions: 2.7% in U.S. Dollars
Cash advance fees: Minimum $10, or 5% of advance.
Late Payment Fee: $40 for each additional bill, plus $29 for the first payment. You can only make the minimum payment in any event. For your first return payment of $29, and for each subsequent six payments (up to $40), there is a $50 fee for the returned payment.
You will not be charged more than the minimum amount in any instance.
Conclusion
American Express Blue Cash Preferred Cards: Should you Get It?
You can spend a lot in supermarkets or streaming on-demand services. Purchases require a 0% initial APR You may use your reward points to repay your credit card debt. You can make more than $95 per annum in rewards to pay the annual fee.
Does the American Express Blue Cash Preferred card make sense?
For the first year of your Blue Cash Preferred Card, American Express charges $0 and then $95. The first year of the Blue Cash Preferred Card from American Express comes with a $0 introductory annual fee and then $95. After that, the card is worth it if you earn at least $95 in reward points. It is best to use your past spending to determine if the credit card is worthwhile. Add the annual fee to calculate how much cash you can expect to make, and then see how much you would earn with a similar card that has no annual fees.
What is the Blue Cash Preferred card from American Express?
American Express' Blue Cash Preferred card is not a credit card. The cardholders do not have to pay full amount each bill payment. However, you will be charged interest at an APR between 13.99% and 23.99% Variable.
Which Blue Cash Preferred Card is American Express better than the Blue Cash Everyday Card?
While the Blue Cash Everyday card from American Express has lower rewards than its Blue Cash Preferred Card, it does not have an annual fee. The Blue Cash Preferred card from American Express has an $0 annual fee, and then you will pay $95. See Rates and Fees. You will receive 6% on spending up to $6,000 at U.S. supermarkets each year.
Then, you'll pay $95. There is no annual fee for the Blue Cash Everyday Card of American Express, but it only offers 3% back up to $6,000 spent at U.S. supermarkets each year. It also gives you 2% back at selected U.S. department stores and gas stations, as well as 1% cashback on all purchases. The Blue Cash Preferred Card by American Express will earn you at least $95 in additional rewards than the Everyday Card.
Does the American Express Blue Cash Preferred card offer a great credit score?
The Blue Cash Preferred Card by American Express offers 6% cashback and earns higher rewards for the highest bonus categories. This is compared to other high-caliber cash back cards. This card is worth considering if you are a frequent spender on streaming or eligible grocery items, as well as purchases within the card's 3 percent rewards category. American Express is well-known for their customer service.
Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.
