Credit Cards
Blue Cash Preferred® Card from American Express review
In this Blue Cash Preferred® Card from American Express review, we’ll look over the features, perks and drawbacks of one of the best rewards cards available in the market today. Read on for more!
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by Aline Barbosa
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more
Partner Offer through CreditCards.com
Blue Cash Preferred® Card from American Express: Earn generous cash back rewards on purchases you make every day!
If you have a good or excellent credit score and are looking for a card to match your lifestyle, this Blue Cash Preferred® Card from American Express review is for you.
With a solid intro offer and great rewards, this card is undoubtedly one of the finest additions you’ll make to help with your finances.
How to get your AMEX Blue Cash Preferred® Card?
See how the Blue Cash Preferred® Card from American Express application process works and what you need to do to request this card.
New cardholders can get a generous welcome offer, plus a lengthy 0% APR period on purchases and balance transfers.
The limited time intro APR allows you to transfer credit card debt or purchase expensive items without paying any interest.
Although it is best to keep in mind that there is a balance transfer fee of 3%. Check some important stats below.
- Credit Score: To become eligible, you’ll need a score between good and excellent.
- APR: 0% for the first 12 months and then a variable 16.24% to 27.24%. Rates & Fees.
- Annual Fee: $95. Rates & Fees
- Fees: 3% (or min. $5) balance transfer fee, 5% (or $10) cash advance fee, 2.7% foreign transaction fee, up to $40 in late payment and returned payment fees. Rates & Fees
- Welcome bonus: $350 in statement credit once you spend $3,000 in purchases within the first 6 months of card membership. (Terms apply)
- Rewards: 6% on groceries at U.S. supermarkets up to $6,000 a year (then, 1%), 6% on eligible streaming services, 3% on transit expenses, 3% at U.S. gas stations, and 1% on every other purchase you make with the card. (Terms apply)
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Blue Cash Preferred® Card from American Express: how does it work?
If you have a 700+ credit score and want the prestige of owning an Amex card, the Blue Cash Preferred® Card from American Express is a solid alternative for your wallet.
Amex even allows you to pre-qualify for it with only a soft pull. That means pre-qualification won’t impact your current score.
If approved, you have the chance to get $350 in statement credit after meeting the minimum spending requirements ($3,000) within the first six months from account opening. Then, you’ll start to earn rewards on every purchase you make.
If you spend a lot at supermarkets, you’ll get 6% back up to $6,000 a year (after that, 1%). The same amount goes to select U.S. streaming subscriptions to keep you entertained at home.
To help you move around, the card offers 3% back in transit expenses as well as purchases at U.S. gas stations. Finally, you’ll also get 1% with every other purchase.
The Blue Cash Preferred Card also offers an introductory APR period on purchases and balance transfers for 12 months.
After that, you’ll get a standard variable APR between 16.24% and 27.24%.
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Significant benefits and disadvantages you may find
This is a very rewarding card, especially if you spend a lot of money on the top cash back categories.
However, it’s important to take very few drawbacks into consideration before you make a final decision.
Check the pros and cons next in our Blue Cash Preferred® Card from American Express review.
Benefits
- Earn $350 in statement credit as a welcome bonus once you meet the eligibility requirements;
- One of the best rewards rates in its segment, with great cash back return on things you spend money on almost every day;
- Split large purchases into equal monthly installments for $0 for the first 12 months with Plan It®;
- Get $7 back every month for subscribing to The Disney Bundle (Disney Plus, Hulu, and ESPN+) after spending $13.99+ (enrollment is required);
- Get a 0% introductory APR for 12 months on purchases and balance transfers.
Disadvantages
- While not uncommon for a card of its category, the $95 annual fee is a bit more expensive than the average card;
- It does offer an 0% intro APR on balance transfers, but there is a 3% balance transfer fee that applies to each transaction;
- It charges a foreign transaction fee.
Is a good credit score required for applicants?
Yes. You can pre-qualify for the card with no hard inquiries on your score to see if it’s available to your financial profile.
However, the minimum score required for eligibility is between good and excellent. If your current rating is below that, you’ll not get this card.
Learn how to apply and get a Blue Cash Preferred® Card from American Express
Now that you’ve read our Blue Cash Preferred® Card from American Express review, the next step is learning how the application process works.
For more details, follow the link below, and we’ll give you a walkthrough on how to apply for this card.
How to get your AMEX Blue Cash Preferred® Card?
See how the Blue Cash Preferred® Card from American Express application process works and what you need to do to request this card.
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more
Partner Offer through CreditCards.com
Aline Barbosa
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