You can access Amex Blue Cash Preferred offers from your Blue Cash Preferred online account to earn rebates when shopping at a number of participating retailers. To view available offers, log in to your account and scroll to “Amex Offers & Benefits” at the bottom of the page. Then, browse the list of retailers’ offers and click “Add to Card” to activate your chosen offers. Finally, spend the merchant’s required amount with the Blue Cash Preferred Card by the offer’s expiration date to earn any rebates. You’ll receive a statement credit for the offer amount on your account up to 90 days after the offer period ends.
Amex Blue Cash Preferred also has a promotional offer for an introductory APR of 0% for 12 months on purchases from the date of account opening. In addition, new cardmembers can earn $300 in bonus rewards after spending at least $3,000 in the first 6 months.
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.
Yes, you can upgrade from Amex Blue Cash Everyday to Blue Cash Preferred® Card from American Express, as long as the Amex Blue Cash Everyday account has been open for at least 12 months. American Express usually sends targeted upgrade offers to Blue Cash Everyday cardholders, either through the mail, by e-mail, or through their online account. Alternatively, you can call customer service at … read full answer(800) 528-4800 to request an upgrade to Blue Cash Preferred. To increase the odds of getting an upgrade, make sure your Amex Blue Cash Everyday account is in good standing. That means a history of on-time payments and low credit utilization, preferably less than 30 percent of your overall credit limit.
When you request an upgrade from Amex Blue Cash Everyday to Blue Cash Preferred, there’s no hard inquiry on your credit report, so there’s no effect on your credit score. Approval for an upgrade typically takes just a few minutes, but there’s no guarantee you will be approved.
If you are approved for an upgrade, your card number won’t change, but you will receive a new card with an updated expiration date and security code. You should receive your card within 7 business days from when the upgrade was approved. You can use your old card until the new one arrives, but it will have all the benefits of the new card within a day after the upgrade. Your current credit limit and APR will carry over to the new card, as will your unredeemed rewards. But you won’t qualify for any introductory bonus offers unless they are cited in your upgrade offer from Amex.
Finally, the Blue Cash Preferred card comes with a $0 intro 1st yr, $95 after annual fee. If you’re approved for an upgrade, the first fee will be due on your first statement with the new card.
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