The Blue Cash Preferred Card from American Express has long been considered one of the best cashback credit cards out there. And for good reason.
You can earn 6% cashback at U.S. supermarkets on up to $6,000 spent each year, 6% back on select U.S. streaming subscriptions, and 3% back on taxis, rideshare, parking, tolls, and at U.S. gas stations. And on Thursday Amex has sweetened the deal if you haven’t picked up the card already.
You will now get $300 cashback (up from $250 cashback) after spending $3,000 in the first six months. And to top it all off, the annual fee of $95 is now waived for your first year of card membership!
Click Here to learn more about the Blue Cash Preferred Card from American Express.
Amex Blue Cash Preferred Card Full Benefits
Welcome Offer
New! Earn a $300 statement credit after you spend $3,000 in the first six months of card membership. That’s up from the standard offer of $250 cashback after spending $1,000 in the first three months. This is a limited-time offer!
Earn 6% Cashback on Groceries and Streaming Services
When you use your Blue Cash Preferred card to pay for purchases at U.S. supermarkets. you’ll earn 6% cash back on up to $6,000 each year (then 1% back). We think it’s one of the top cards to use at the grocery store.
You will also earn 6% cash back on select U.S. streaming subscriptions. Visit this link from American Express for a full list of streaming services that qualify for 6% back.
Earn 3% Cashback on Transit and at U.S. Gas Stations
When you use your Blue Cash Preferred card to pay for transit (think Uber, Lyft, buses, trains, etc.) you’ll earn 3% cash back. You will also earn 3% cash back at U.S. gas stations. There is no limit to the amount of cash back that can be earned in these spending categories.
You’ll earn 1% on all other purchases.
0% Introductory APR
You will receive a 0% introductory APR on purchases for the first 12 months. After that, you’ll have a variable APR. See Rates and Fees.
Annual Fee
The card has an annual fee of $95. But for a limited time, that is completely waived for the first year of card membership. That means you won’t be on the hook for an annual fee on one of the best cashback credit cards until your second year of card membership.
Click Here to learn more about the Blue Cash Preferred Card from American Express.
Our Analysis
We’ve named the Blue Cash Preferred card one of the best cashback credit cards, period. At 6% cashback, it is an incredible option for your streaming services spending as well as the first $6,000 of your grocery store spending each year.
In addition to that, you’ll earn a huge new $300 cashback bonus after spending $3,000 in the first six months of card membership. That’s up from the standard $250 cash back bonus, and you’ll now have six months to meet the minimum spending requirement to earn the welcome offer bonus.
Best of all, you won’t be on the hook to pay the card’s $95 annual fee in the first year of card membership.
It’s a great deal for one of the best cash back cards out there. But it is only available for a limited time!
One thing to note is that unlike the Chase Freedom Cards, which allow you to transfer cash back into Ultimate Rewards points, Amex does not offer that option on their cash back credit cards. There is no way to turn the cash back into Membership Rewards points. However, if you are strictly looking for cash back, this is a phenomenal offer. Especially in year one.
Bottom Line
The Blue Cash Preferred is one of the best cash back credit cards out there. And with a waived first year $95 annual fee, you have the ability to earn $300 cash back on your first $3,000 of spending in the first six months of card membership.
Click Here to learn more about the Blue Cash Preferred Card from American Express.