The best Blue Cash Preferred benefits are rental car insurance and extended warranty. The Blue Cash Preferred® Card from American Express card also has instant card numbers and lowest hotel rates guarantee, which are more common perks across American Express cards.
Blue Cash Preferred Card Benefits
Rental car insurance
Instant card numbers
Lowest hotel rates guarantee
Global Assist (an emergency card assistance hotline)
Along with these benefits, the Blue Cash Preferred card has a $95 annual fee ($0 for the first year) annual fee and gives rewards on all purchases. As long as you have good credit, the Blue Cash Preferred® Card from American Express is certainly a card to consider adding to your wallet.
Yes, Blue Cash Preferred is worth it for cardholders who spend enough to recoup the value of the card’s $95 annual fee (waived the first year) in rewards earnings. The easiest way to do that is by spending $3,000 within 6 months of opening an account. That will trigger the card’s $300 initial bonus (earned as a statement credit), which will help offset the annual fee for a couple of years.… read full answer
Here’s how to make the most of Blue Cash Preferred:
The Blue Cash Preferred card will continue to be worth it if you consistently charge purchases to the card after meeting the initial bonus offer, especially in its bonus rewards categories. With this card, you earn 6% cash back at U.S. supermarkets (up to $6,000 spent per year), 6% back on select U.S. streaming subscriptions, 3% back at U.S. gas stations and on transit, and 1% back on all other purchases, earned as statement credits.
Ultimately, the best way to figure out if Blue Cash Preferred is worth it is to figure out how much you spend in each category per year, determine how much you would earn in rewards based on that, and then compare the rewards value to the annual fee. If you break even or make money, the card is worth it. If not, you should consider a cheaper card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Blue Cash Preferred Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Blue Cash Preferred credit score requirement. You can check your credit score for free on WalletHub.
The stores that are supermarkets for Blue Cash Preferred include Meijer, ShopRite, Stop and Shop, Vons, Whole Foods, and Winn-Dixie. These U.S.-based supermarket chains all earn 6% cash back on the first $6,000 in combined purchases charged to the Blue Cash Preferred card each calendar year.
Online supermarkets such as FreshDirect also get 6% cash back, up to the combined limit. To qualify, purchases must be classified with the merchant category code for supermarkets and grocery stores.… read full answer
Blue Cash Preferred Supermarkets List:
Kings Food Markets
Smart & Final
Stop & Shop
According to the Amex website, the Blue Cash Preferred supermarkets list is not exhaustive, meaning that similar supermarket chains located in the U.S. may also earn 6% cash back. Retailers such as Target and Walmart, however, are not considered supermarkets, making them ineligible for the bonus rewards. Other excluded merchants include warehouse clubs, specialty food stores, gourmet stores, convenience stores and more.
To find out if a merchant qualifies for 6% cash back, take a look at a recent billing statement and check the merchant category code listed with each transaction. On the Blue Cash Preferred card, you should see “Grocery Stores” under each eligible purchase.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.