Blue Cash Preferred Card from American Express Review

In today’s world, credit cards have become an essential tool for managing finances and making purchases. With so many options available, finding the right one for your needs can be challenging. The Blue Cash Preferred Card from American Express sits among the elite in cash-back credit cards and is perhaps the ideal card for families. In this review, we will take a detailed look at the Blue Cash Preferred Card from American Express, its features, benefits, rates, and fees to help you determine if it fits you best.

What is the Blue Cash Preferred Card from American Express?

The Blue Cash Preferred Card from American Express is a credit card that offers cashback rewards on purchases. It has gained popularity due to its attractive features and valuable benefits. This Card is designed for individuals who use their credit cards frequently and want to earn rewards on their everyday expenses.

Quick Highlights:

6% cash back on U.S. supermarkets (up to $6,000 in purchases per year).
6% cash back on select streaming subscriptions.
3% cash back at U.S. gas stations and on transit expenses.
1% cash back on all other purchases.
$0 intro annual fee for the first year, then $95.
Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first six months.

Why Blue Cash Preferred Card from American Express?

The Blue Cash Preferred Card from American Express is ideal for individuals who want to make the most out of their expenses.

If you spend a significant amount on groceries, gas, streaming services, and/or transit expenses, this Card is perfect for you.
With a credit score of 700 or higher, you can avail of the benefits of this Card.
Not only does this Card offer a low introductory APR on purchases, but you can also redeem reward points for statement credits only.

Blue Cash Preferred Card Rewards

The Card’s cashback rewards can be redeemed as statement credits or deposited directly into your bank account. There is no limit on the amount of cashback you can earn, and rewards don’t expire.

Some of the Blue Cash Preferred Card Rewards are:

Earn 6% Cash Back at Supermarkets.
Up to $6,000 per year in purchases (then 1%).
Earn 6% Cash Back on Selecting Streaming Subscriptions.
Earn 3% Cash Back on Transit, including taxis, parking, tolls, trains, buses, and more.
Earn 3% Cash Back at Gas Stations.
Earn 1% Cash Back on Other Purchases.
Maximize your savings with our Reward Dollars program, where you receive cashback that can be redeemed as a statement credit. Take advantage of this opportunity to get more for your money.

Rates and Fees

As with any credit card, it’s crucial to consider the rates and fees associated with the Blue Cash Preferred Card. These include:

Foreign Transaction Fee: 2.7%
Annual Fee: $95
Regular APR: 19.24% to 29.99%(variable).
Credit Limit: Based on creditworthiness and other factors
Recommended Fico Score: Good to Excellent (670 to 850)
Balance Transfer Fee: $5 or 3%, whichever is great.

How to Redeem Rewards of Blue Cash Preferred Card

Redeem online through your American Express account:

Log in to your American Express account online.
Click on the “Use Reward Dollars” option. It’s usually located in the “Rewards” or “Account Summary” section.
Enter the number of Reward Dollars you want to redeem as a statement credit. You can redeem any amount, even less than your total balance.
Review and confirm the redemption details.
The statement credit will typically be applied to your account within three business days.

Redeem through the American Express app:

Open the American Express app on your mobile device.
Log in to your account.
Tap on the “Rewards” tab.
Select “Use Reward Dollars”.
Choose the “Statement credit” option.
Enter the number of Reward Dollars you want to redeem.
Review and confirm the redemption details.
The statement credit will be applied to your account within three business days.

Exclusive Offers

Cardholders can also enjoy exclusive offers such as presale tickets to concerts and events, access to presale tickets for select sporting events, and savings on hotel bookings through American Express Travel.

Streaming services Amex Blue Cash Preferred cover

Cashback on selected U.S. streaming services like (Netflix, Hulu, Pandora, and Spotify). Additionally, you can get an annual credit of up to $84 towards the Disney Bundle streaming subscription that includes Disney+, Hulu, and ESPN+.

Blue cash preferred Card from American Express Walmart

Walmart offers customers a range of convenient payment options to make their shopping experience hassle-free. Customers can choose the payment method that best suits their needs, from major credit and debit cards to Walmart gift cards. This ensures that everyone can shop at Walmart without concerns about not having the right form of payment. These payment options include American Express, Visa, Mastercard, and Discover. Customers can make purchases using any of these payment methods.

Dispute Resolution

If you notice any fraudulent or incorrect charges on your statement, American Express is committed to helping you resolve the issue.

Online Account Management

Accessing your account information online is quick and hassle-free. Check your Reward Dollar balance, spending, and potential rewards with just a few clicks.

Year-End Summary

In January, you’ll receive the Year-End Summary. It lists all the charges you incurred from January 1st to December 31st of the previous year.

Blue Cash Preferred Card from American Express Military

American Express offers special benefits for active duty military service members. This includes waiving the annual fee and interest rates during deployment and offering additional travel benefits. American Express will not charge the annual fee for active-duty military members, spouses, and eligible dependents.

Card Features and Benefits

The Blue Cash Preferred Card from American Express has various features and benefits that make it stand out from other credit cards. Some of the most notable ones are:

Blue Cash Preferred Card Features

In addition to its cashback rewards, the Blue Cash Preferred Card offers various features that make it a convenient and secure purchase option. These include contactless payment options, fraud protection, and purchase protection.

$120 Equinox+ Credit: Work out at home with Equinox+ and earn up to $120 annually. Use your Blue Cash Card to pay for a subscription to Equinox+ and enjoy
Send & Split: From dinners to concert tickets, split your AMEX purchases with PayPal users directly from the Amex App.
$84 Disney Bundle Credit: Get a $7 monthly statement credit after using your enrolled Blue Cash Card to spend $9.99 or more each month on a subscription to the Disney Bundle.

Additional Perks and Benefits

Beyond its features and rewards, the Blue Cash Preferred Card from American Express also offers additional perks and benefits such as extended warranty, return protection, and access to Amex Offers for discounts on various purchases.

Car Rental Loss and Damage Insurance: When you use your Eligible Card to reserve and pay for the entire rental while declining the collision damage waiver at the Rental Company counter, you can rest assured that you are covered for damage to or theft of the rental vehicle in a covered territory. Our product provides secondary coverage and does not include liability coverage.
Global Assist Hotline: Moreover, when you travel more than 100 miles from home, the Global Assist Hotline is available 24/7 to provide emergency assistance and coordination services, including medical and legal referrals, emergency cash wires, and missing luggage assistance.
Return Protection: American Express offers Return Protection, allowing eligible purchases to be returned if the seller refuses to accept them. This service applies to purchases made in the U.S. or its territories, with a maximum refund of $300 per item and up to $1,000 per calendar year per Card account for purchases made entirely with your eligible American Express Card.

Application and Approval Process

The process is simple and straightforward if you’re interested in applying for the Blue Cash Preferred Card from American Express. You can apply online or by phone, and if approved, you’ll typically receive your Card within 7-10 business days.

How to Apply for the Blue Cash Preferred Visa Card

To apply for the Blue Cash Preferred Card, follow these steps:

Visit the American Express website.
Fill out the application form with your personal and financial information.
Submit any required documents for verification.
Wait for a decision on your application.

Blue Cash Preferred Card Contact and Support

Helpline Number: 1-888-826-3471
Customer service Number: 888-800-8564
Web Address: Official Website

Conclusion

In conclusion, the Blue Cash Preferred Card from American Express offers a range of benefits and rewards, making it an attractive option for those looking to earn cashback on their purchases. Its additional features, travel benefits, and exclusive offers add value to cardholders. However, it’s essential to carefully review its rates and fees before applying to ensure it aligns with your financial goals and needs. If you’re a frequent credit card user looking to maximize your cashback rewards, the Blue Cash Preferred Card may fit you.

American Express Cards You May Consider: American Express Blue Business Cash™ Card

Frequently Asked Questions (FAQs) About Amex Blue Cash Preferred Card

Is the Blue Cash Preferred Card from American Express Metal?

It’s essential to remember that the Blue Cash Preferred Card is made of durable plastic material, contrary to popular belief that it’s made of metal. Despite its plastic construction, the Card performs just as efficiently as a metal credit card, and you won’t experience any differences in its features and functions.

Why You Might Want the Blue Cash Preferred Card from American Express?

The Blue Cash Preferred Card from American Express is undoubtedly one of the best cashback credit cards on the market today. It offers consistently high-earning cashback rates on everyday essentials like groceries, gas, transit, and streaming subscriptions. These are head and shoulders above many other cashback cards’ reward offerings. With this Card, you can be confident that you are getting the most out of your spending.

Is Blue Cash Preferred for You?

In terms of rewards, If you spend a minimum of $350 monthly on purchases falling under bonus categories and are interested in earning cashback rewards, you’ve come to the right place. We can help you maximize your cashback benefits and make the most out of your spending.

7.2Expert Score

Cash Back

As with any credit card, there are pros and cons to consider before applying for the Blue Cash Preferred Card. Some of the most notable ones are:

Cash back Rating

9.2

Rewards Value:

Annual Percentage Rate

Rewards Flexibility:

6.1

Features

Issuer Customer Experience

PROS

High cashback rates: 6% on U.S. supermarkets up to $6,000 per year (then 1%) and 6% on select U.S. streaming services (uncapped)
3% on U.S. gas stations and transit (including taxis, rideshares, parking, tolls, trains, and buses) 1% on other purchases
Decent welcome bonus: Earn $200 after spending $3,000 on purchases in the first six months from account opening.
Intro APR offer: 0% intro APR on purchases and balance transfers for 12 months from the account opening date (then 19.24% - 29.99% variable APR).

CONS

Annual fee: $95 annual fee, which might not be worth it if you don't maximize the rewards categories.
Limited redemption options: You can only redeem your rewards as statement credits or for purchases on Amazon.com.
Bonus category caps: There are spending caps on the bonus categories (mentioned above). Once you reach the cap, you only earn 1% cashback on those purchases.
Limited acceptance: American Express is less widely accepted than Visa or Mastercard, especially internationally.
No travel perks: This card doesn't offer travel-specific benefits like airport lounge access or travel insurance.
Not ideal for large purchases: Due to the lack of a points system or other transferable rewards, there are better options for maximizing rewards on more significant purchases.

Specification: Blue Cash Preferred Card from American Express Review

Best For:	High Cashback Rates
Recommended Credit	Good to Excellent (670 – 850)
Intro Offer:	$250 Statement Credit
Rewards	1% Cash Back on other purchases, 3% Cash Back on transit, parking, tolls, and gas stations, 6% Cash Back at U.S. supermarkets and streaming subscriptions.
Annual Fee:	No Annual Fee
Regular APR:	19.24% – 29.99% variable
Intro Balance Transfers APR:	0%, intro balance transfer APR for the first 12 months
Intro Purchase APR:	0% APR on eligible purchases for 12 months from date of account opening
Intro Purchase APR Period:	12 Months from the date of account opening
Balance Transfers Fee:	Either $5 or 3% of the amount of each transfer, whichever is greater.
Foreign Transaction Fee	2.7% of each transaction after conversion to US dollars.
Cash Advance Fee	$10 or 5% of the amount of each cash advance, whichever is greater.
Late Payment Fee:	$40
Cash Equivalent Fee	N/A
Convenience Check Fee	N/A
Returned Payment Fee:	$40
Over Limit Fee:	None
ExtendPay Fee	N/A
Credit Card Limit:	$1,000 up to $25,000
Credit Card Type	Rewards, Cash Back
Credit Card Features	Balance Transfer, Cash Back, Excellent Credit, Gas, Good Credit, Rewards