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 US supermarket 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 US 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 (and US supermarket) store credit cards.
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.
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 US supermarket purchases (up to $25,000 in annual spending) or even just another good cashback card.
2. 6% on US 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?!
3. 3% at US 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.
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.
5. The Welcome Bonus!
Receive a bonus $300 cashback after you spend $3000 within six months of being approved! That’s on top of the cashback you earn through purchases.
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. (See Rates and Fees)
“Yeah, But What About the Annual Fee?!”
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% US 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 $300 welcome bonus covers three years of the annual fee. And keep in mind that’s only when it hits starting the second year of card membership.
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 SkyMiles Reserve American Express 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.
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.
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