Mark Towers, WalletHub Credit Card Analyst
@MarkTowers
Applying for the Blue Cash Preferred does not cost anything as there is no application fee.
The Blue Cash Preferred does charge an annual fee of $0 intro 1st yr, $95 after. But its rewards have the potential to offset this cost. You earn great everyday spending rewards: 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. Plus, the Blue Cash Preferred offers $250 statement credit for spending $3,000 in the first 6 months.
The Blue Cash Preferred makes for a good financing option as well. It offers an introductory purchase APR of 0% for 12 months - 18.99% - 29.99% (V), based on the specifics of your credit, thereafter. So if you plan on financing a big purchase and pay it off by the end of the introductory period, you’ll avoid paying interest. It also comes with an introductory APR of 0% for 12 months on balance transfers, but there is a 3% (min $5) fee.
So applying for the Blue Cash Preferred won’t cost you anything. Just bear in mind that you need good credit or better (a credit score of 700+) for approval. You can check your credit score for free, right here on WalletHub. You can also check for pre-qualification on Amex’s dedicated web page. Checking for pre-qualification does not hurt your credit score, as it is only based on a soft inquiry on your credit report. Similarly, when you apply for the Blue Cash Preferred, a soft inquiry will be made on your credit report and you will be told with certainty if you are approved. However, if you are approved and want to get the card, you will need to submit an actual application which will result in a hard pull.*
*This limited-time new application experience is currently available for individuals applying for a U.S. personal card via WalletHub, on the American Express site, or by calling American Express and is not available if you apply for a card after you log into an existing Card Member Account.
Blue Cash Preferred® Card from American Express
People also ask
How much is the Blue Cash Preferred annual fee for authorized users?
There is no Blue Cash Preferred annual fee for authorized users, as they are not responsible for credit card payments. Blue Cash Preferred charges an annual fee of $95 starting the second year your account is open, but credit card payments, including any fees and interest, are the sole responsibility of the primary accountholder.
Adding an authorized user to your credit card account can be a great way to meet spending requirements and supplement your ongoing spending rewards....
read full answerWhat are the Blue Cash Preferred rewards?
The Blue Cash Preferred rewards are 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. In addition, you can earn a $250 statement credit for spending $3,000 in the first 6 months of account opening.
Here’s what the Blue Cash Preferred currently offers:
- Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Get $7 back each month after using your Blue Cash Preferred Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
- Terms Apply.
Blue Cash Preferred is a great rewards card choice for people who usually spend on groceries at U.S. supermarkets, U.S. streaming services, transit purchases and gas at U.S. gas stations.
It's not for everyone, though, because you need at least good (700+) credit in order to get approved. If you’d like...
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