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Blue Cash Preferred Credit Card

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Highlights

  • Earn 150 Reward Dollars after you make $1,000 in purchases in the first three months of Cardmembership.
  • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases.  Terms and limitations apply. 
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Simple and Straightforward: With the Blue Cash Preferred Card, you can start earning cash back. No rotating reward categories. No enrollment required.
  • Terms and Restrictions Apply. 

Rates & Terms

Purchase Intro APR Regular APR Annual Fee Balance Transfer Period
0% 12.99% – 21.99%* Variable $75 N/A
  • Purchase Intro Period: 12 months
  • Balance Transfer Intro Rate: N/A
  • Balance Transfer Rate: 12.99% – 21.99%* Variable
  • Cash Advance Rate: 25.24%
  • Late Fee: Up to $35
  • Cash advance Fee: Either $5 or 3% of the amount of each cash advance, whichever is greater
  • Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance Minimum: N/A
  • Balance Transfer Minimum: N/A
  • Credit Profile: Excellent Credit Score

Blue Cash Preferred Credit Card Review

The American Express Blue Cash Preferred Card is one of the best cash-back credit cards  in the market.  It provides a unique cash rewards program, including 6% back on groceries up to $6,000 per year, 3% cash back on gasoline at U.S. stand-alone gas stations, 3% cash back at select major department stores; and 1% cash back on other purchases, and a limited annual fee of $75.  The card also comes with everything you'd expect from American Express, including Roadside Assistance and Car Rental/Travel Accident Insurance, as well as dispute resolution and Return Protection.

Basically, the Blue Cash Preferred is a simple, no-frills rewards card that gives you a good amount of cash back.  Our issues with this card would be the somewhat steep $150 Annual Fee, however if you spend $1,000 in the first three months of using the card the cash back negates this fee.  Our other issue would be the $6,000 cap on groceries - but let's be honest, the 3% uncapped at major department stores probably offsets this.  In our opinion, if used regularly, this is one of the best cash-back cards on in the market.