Yes, the Blue Cash Preferred Card does have travel insurance. Blue Cash Preferred Card rental car insurance covers reimbursement for rental car damage due to collision or theft, as long as the purchases are charged to the card.
To file a Blue Cash Preferred Card travel insurance claim, you’ll need to contact the Benefit Administrator. For details on timeframes and coverage limits, check the guide to benefits that came with your Blue Cash Preferred Card.
If you’re looking for a credit card with more travel benefits, you can always check out WalletHub’s recommendations for the best credit cards for travel insurance and travel rewards.
Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefits guide for more details. Underwritten by AMEX Assurance Company.
American Express Blue Cash Preferred travel benefits include rental car insurance and a Global Assist Hotline, which provides access to medical, legal, financial or other select emergency services coordination and assistance services while traveling. Blue Cash Preferred also offers bonus rewards on transit expenses: 3% cash back on taxis, trains, buses, rideshare, tolls, parking and more, applied as statement credit.… read full answer
The number of Blue Cash Preferred travel benefits is relatively small because the card is focused on cash back for day-to-day purchases, rather than travel rewards. But you should still be familiar with the details.
Blue Cash Preferred rental car insurance provides up to $50,000 for theft of or damage to most rental vehicles, when you rent a vehicle entirely using the Blue Cash Preferred card or the card’s rewards, and decline the collision damage waiver or similar option offered by the rental agency’s own insurance. This benefit applies to rentals of up to 30 consecutive days, but there are certain vehicles and situations that are not covered. Geographic restrictions also apply. The card provides secondary coverage and does not include liability coverage. Insurance is underwritten by AMEX Assurance Company, Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
The Global Assist Hotline gives you 24/7 support when you travel 100+ miles from home. For example, this hotline can help you get a medical referral, replace a passport, get assistance with missing baggage and more. To access the hotline, call 1-800-333-2639 in the U.S. and Canada or 1-715-343-7977 abroad. Calling the hotline is free, but any services provided by third-parties may be your responsibility.
Eligibility and benefits levels varies by card (terms, conditions and limitations apply), so be sure to read your card’s benefits guide for more details.
You should also note that American Express Blue Cash Preferred is not a great choice for travel outside of the U.S. because it has a 2.7% foreign transaction fee.
The 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.
American Express Blue Cash Preferred foreign transaction fees and more:
Foreign transaction fee: 2.7%
… read full answerWhen the foreign transaction fee applies: On all transactions outside of the U.S. and through an internationally-based merchant.
Annual Fee: $0 intro 1st yr, $95 after.
Introductory APR: 0% for 12 months on purchases and balance transfers.
Balance transfer fee: 3% (min $5).
Cash advance fee: 5% (min $10) of the balance.
Maximum Late Fee: $40.
Regular APR: 17.74% - 28.74% (V).
All American Express cards with foreign transaction fees charge 2.7%. This includes the Blue Cash Preferred’s companion card, the Blue Cash Everyday® Card from American Express. The percentage other issuers apply to foreign transactions varies, but will range from 1%-3%. However, there are major issuers, like Capital One and USAA, that charge no foreign transaction fees on any of their cards.
The Blue Cash Preferred is ideal for everyday purchases. But it may not be the best option for travel. It offers 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. There’s also a $250 statement credit for spending $3,000 in the first 6 months. Cash back rewards can be redeemed for statement credits, gift cards and merchandise. The Blue Cash Preferred’s annual fee is $0 intro 1st yr, $95 after.
To cancel a Blue Cash Preferred credit card, call customer service at 1-800-528-4800 and ask a customer service rep to cancel your card account. Cardholders can also cancel an account by mail.
Be aware that if there’s a balance remaining on the canceled account, you will still need to make at least the minimum payment every month until the balance is paid in full. In addition, you will forfeit any unused cash back rewards, so be sure to redeem them before you cancel the card. You will also need to update the payment method for any recurring charges linked to your Blue Cash Preferred card.… read full answer
How to Cancel a Blue Cash Preferred Credit Card
Call customer service at 1-800-528-4800 and enter your account number and Social Security number to verify your identity.
Then, follow the prompts to speak to a customer service representative, and let them know you want to cancel. The representative may offer you a retention bonus to keep you on as a customer, but you can simply decline the offer and proceed with canceling the account.
Send your written request to cancel the card to:
American Express P.O. Box 981535 El Paso, TX 79998-1535
It’s important to know that when you cancel a Blue Cash Preferred card, you may see a decrease in your credit score, depending on the card’s credit limit and how long you’ve had the card. You can get an idea of how much a canceled credit card will affect your credit score by using WalletHub’s free credit score simulator.
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