The Blue Cash Preferred annual fee is $95. That is roughly 5 times more than the average credit card’s annual fee: about $20. Blue Cash Preferred’s rewards help cover the cost. Its standard $250 initial bonus is equal to more than two annual fees. And at 6% cash back up to $6,000 spent per year, the card’s supermarket rewards alone can total as much as $360, or nearly four annual fees.
By the way, there’s also a Blue Cash card with no annual fee – Amex Blue Cash Everyday. It’s not quite as rewarding, but it’s still great for people who don’t spend enough for the Blue Cash Preferred annual fee to be worth it.
The annual fee on the Amex Blue Cash Preferred card is $95. It might seem like a lot, but the rewards more than make up for it in my opinion. There’s the initial bonus, plus those 6% and 3% bonus cash back categories. That’s far better than most of what's available on the market right now...
The American Express Blue Cash Preferred foreign transaction fee is 2.7%. This is the surcharge applied to all transactions made outside of the U.S. That includes both purchases in another country and stateside transactions through an internationally-based merchant.
All American Express cards with foreign transaction fees charge 2.7%. This includes Blue Cash Preferred’s companion card, the Blue Cash Everyday card. The percentage other issuers apply to foreign transactions varies, but will range from 1%-3%. Capital One, Discover and USAA are the three major issuers with no foreign transaction fees on any of their cards.… read full answer
The Blue Cash Preferred card is ideal for everyday purchases. But it may not be the best option for travel. It offers 6% cash back on grocery purchases, up to $6,000 spent per year, and 3% at gas stations. There’s also a $200 statement credit for spending $1,000 in the first 3 months. Cash back rewards can be redeemed for statement credits, gift cards and merchandise. The Blue Cash Preferred card’s annual fee is $95.
American Express Blue Cash Preferred foreign transaction fee and more:
Foreign transaction fee: 2.7%
When the foreign transaction fee applies: On all transactions outside of the U.S. and through an internationally-based merchant.
Annual Fee: $95.
Introductory APR: 0% for 12 months on purchases and balance transfers within the first 60 days.
Balance transfer fee: $5 minimum or 3% of the balance, whichever is greater.
Cash advance fee: $5 minimum or 3% of the balance, whichever is greater.
Amex points do not expire. Cash back and miles earned using American Express credit cards do not expire, either. However, points and other rewards can be forfeited when you close your account or when your account is closed due to inactivity. American Express will also cancel all points, miles or cash back earned during any billing period where a late payment occurs.… read full answer
Read on to learn more about when you could lose your Amex points so you can make sure it doesn’t happen.
Here’s when Amex points expire:
Account Inactivity: Your American Express account can be closed due to inactivity – not making a purchase or bill payment for an extended period of time. When that happens, you have 90 days to redeem points before losing them. Amex doesn’t disclose a timeframe for closing accounts due to inactivity, so try to use your card regularly to keep your account active.
Closing Your Account: Unredeemed American Express rewards will expire when you close your account. Try to redeem a couple weeks in advance so there’s plenty of time for the transaction to be processed. You can even use the rewards to pay for some of your final balance.
Late Payments: Rewards earned during a billing period where a late payment occurs will be forfeited. You can reinstate lost points, though. Visit your account’s Points Summary page to reinstate them after bringing your account current. There’s a $35 fee for each billing period points are reinstated from.
Returned Purchases: Points earned from purchases that are later returned get deducted from your rewards total. When you return an item purchased with points, you may receive a statement credit or a points refund. Statement credits can be converted back into points by calling Membership Rewards at 1-800-297-3276.
American Express points, cash back, and miles do not expire. Just be sure to use all your rewards prior to closing an American Express credit card account. Use your card regularly to keep your account active, and remember to make payments on time to keep points earned each billing period.
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