The American Express Blue Cash Preferred benefits include rental car insurance, purchase protection, return protection, extended warranties, and access to exclusive events. Blue Cash Preferred cardholders also earn lots of rewards.
Best American Express Blue Cash Preferred Benefits
Rental car insurance
American Express Experiences
Global Assist® hotline
Pay It Plan It®
Amex Send & Split™ (enrollment required)
$0 fraud liability
Year-end account summary
Bonus cash back rewards
There are plenty of worthwhile Amex Blue Cash Preferred benefits, but don’t forget that the card comes with an annual fee of $0 intro 1st yr, $95 after. Also, all of the benefits on purchases have exceptions to the coverage, along with other fine print, so be sure to consult your benefits guide for the full details.
Amex 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 Blue Cash Preferred card’s $300 initial bonus, which will pay for the annual fee for a couple of years.… read full answer
The Blue Cash Preferred card will continue to be worth it if you consistently charge purchases to the card after meeting the initial bonus, especially in its bonus rewards categories. To break even on the annual fee, you could spend $1,584 on groceries and streaming services per year, $3,167 on gas and transit, or $9,500 on purchases not in those categories. Of course, your spending will probably be a mix of all those categories.
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 Amex Blue Cash Preferred supermarkets list includes Gristedes, Foodtown, 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
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.
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