Credit Cards

6 Reasons You Need the Amex Blue Cash Preferred Card

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Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Here’s a fantastic credit card my wife and I use to save ourselves hundreds of dollars each year.

The Blue Cash Preferred Card from American Express is an excellent product for several types of everyday expenses — especially right now.

I don’t know about you, but I’m not spending a lot of money on travel right now. But groceries, streaming, and food delivery? Oh, heck, yes.

And the Blue Cash Preferred Card from American Express is helping keep costs down in the grocery and streaming categories.

And saving money is vital right now.

You receive the card’s cashback as Amex “Reward Dollars.” You can apply Rewards Dollars toward statement credit, gift cards, or merchandise. (I prefer cash back because, to paraphrase Yogi Berra in a certain commercial, it’s just as good as money. 😉 )

Because the Blue Cash Preferred Card from American Express offers a couple of great 6% cashback categories, I figured we’d use that same figure — and discuss six reasons you need this credit card.

1. 6% at Supermarkets

The Blue Cash Preferred Card is the credit card my wife and I use for our supermarket purchases. And it always tops this blog’s list of best grocery store credit cards.

Why?

The card awards 6% cash back on purchases made at U.S. supermarkets. That’s capped at $360 back (or $6,000 in eligible purchases) each calendar year.

The meat aisle at a Ralphs grocery store supermarket in Southern California.

Once you hit $6,000 in spending, that rate drops down to 1%. That’s when you switch to something like the American Express Gold Card for its 4X on supermarket purchases (up to $25,000 in annual spending) or even just another good cashback card.

The American Express Blue Cash Preferred Card
Learn more about The American Express Blue Cash Preferred Card

2. 6% on Streaming Services

With so many people cutting the cable cord, streaming credits and bonuses are critical. Even for those of us who still have cable or satellite, there’s plenty of great programming available on streaming services. (Just ask my Disney+ loving toddler!)

And doesn’t it seem like there’s a new streaming service popping up every darn week?!

That’s where the Blue Cash Preferred Card comes in. The card awards 6% cash back on purchases made with select U.S. streaming providers. (Here’s a list of eligible providers, per Amex.)

Multimedia video concept on TV set in dark room. Man watching TV with remote control in hand.
(©iStock.com/simpson33)

3. 3% at Gas Stations

Fill ‘er up! And while you’re waiting, treat yourself to a beverage and some snacks, too! The Blue Cash Preferred Card awards 3% cash back at U.S. gas stations.

Using your credit card at a gas station is a great way to knock out spend!

Stack that with a fuel rewards program — and life’s pretty good, my friend

4. 3% on Ground Transit

Rideshares, trains, parking, oh my! You’ll get 3% back on those purchases, too.

So this is an excellent option for Ubers, Lyfts, tolls, buses, parking, and more!

5. The Welcome Bonus!

Limited time offer, through December 10, 2020: Receive a bonus $300 cashback after you spend $3000 within six months of being approved! That’s on top of the cash back you earn through purchases!

The American Express Blue Cash Preferred Card is seen against a swimming pool during a vacation travel trip.

6. 0% Introductory APR

I know some people who live for 0% interest offers. If you’re one of them, consider that the Blue Cash Preferred Card from American Express card currently offers 0% interest on purchases made within the first 12 months of card membership.

“Yeah, But What About the Annual Fee?!”

The Blue Cash Preferred Card from American Express carries a $95 annual fee. (Waved the first year, if you apply during this limited-time offer, which expires on December 10, 2020.) If you spend $1600 total on groceries and streaming, the annual fee pays for itself. And everything after that is gravy.

So even if you annually max out the 6% supermarket benefit and put nothing else on the card (and why would do that?!), you’re still $265 ahead—every year.

But you’ll put your streaming charges, gas station purchases, and maybe some Lyfts or Ubers on the card, too. All that adds up during a year.

Heck, the $250 welcome bonus covers nearly three years of the annual fee.

See how that $95 annual fee isn’t such a concern?

“But I’d Rather Earn Points for Travel!”

I hear you. I use the American Express Gold Card (4X) and Chase Sapphire Reserve (3X) for dining. And even my Delta Reserve card for 1X spend, just to knock out the $30,000 minimum requirement for the 15,000 bonus MQM.

But saving 6% on groceries and streaming is a great way to earn money that can be saved or invested. Or buy travel in the future.

Final Approach

The Blue Cash Preferred Card from American Express is such a viable card for several ordinary, everyday expenses. While it carries a $95 fee, that’s easily offset by taking advantage of the card’s 6% and 3% bonus categories.

— Chris

See rates and fees for the Blue Cash Preferred Card from American Express. Terms apply.

Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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