How much is the Blue Cash Preferred annual fee for authorized users? This question is about the Blue Cash Preferred® Card from American Express

How much is the Blue Cash Preferred annual fee for authorized users?

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This question is about the Blue Cash Preferred® Card from American Express

Mark Towers, WalletHub Credit Card Analyst

@MarkTowers • 10/13/22 This answer was first published on 07/06/21 and it was last updated on 10/13/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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. Blue Cash Preferred offers $250 statement credit for spending $3,000 in the first 6 months. Plus, 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.

Even though authorized users receive full access to the account's credit line, they are not legally responsible for paying any balance or associated fees that result from their use. Only the primary accountholder receives the bill, regardless of who made the charges.

Answer Question

How much is the Blue Cash Preferred Card annual fee?

The Blue Cash Preferred card annual fee is $0 intro 1st yr, $95 after. Blue Cash Preferred’s $95 annual fee that’s charged from the second year on is higher than the average annual fee among new credit card offers right now. It is not the only fee you need to worry about with the Blue Cash Preferred® Card from American Express, either.

Blue Cash Preferred Fees

Annual Fee: $0 intro 1st yr, $95 after... read full answer

Balance Transfer Fee: 3% (min $5)

Cash Advance Fee: 5% (min $10)

Foreign Fee: 2.7%

Max Late Fee: $40

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Is Blue Cash Preferred hard to get?

Yes, Blue Cash Preferred is hard to get because it requires a credit score of 700+ for approval, which means you need good to excellent credit to get this card. Since the average credit score is lower than this requirement, most people will not be able to get the Blue Cash Preferred card.

You also won’t get approved for the Blue Cash Preferred card if you already have five ... read full answer Amex cards, if you’ve already applied for an Amex card in the past five days, or if you’ve already applied for two Amex cards in the past 90 days.

Having said that, it is also worth noting that your credit score isn’t the only thing the issuer takes into account while considering your application. Various other factors will also determine the outcome, like your credit history, your income and any debts you might have.

Lastly, for a better sense of your Blue Cash Preferred approval odds, check out the American Express pre-qualification tool. You can also check your credit score for free on WalletHub.

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What are my Amex Blue Cash Preferred approval odds?

Your Amex Blue Cash Preferred approval odds are good if you have at least good credit and a stable annual income. But approval also depends on a number of other factors such as existing debt, monthly housing payments, number of recent credit inquiries and more.

If your credit standing indicates low approval odds for Amex Blue Cash Preferred, consider applying for a credit card that’s easier to get than Blue Cash Preferred and use the card responsibly in order to rebuild or establish your credit. Amex Blue Cash Preferred’s approval odds are similar to a number other American Express credit cards. If you’re approved for the Blue Cash Everyday® Card from American Express, American Express Cash Magnet® Card or The Amex EveryDay® Credit Card from American Express, you’d likely be approved for the Blue Cash Preferred card.... read full answer

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