Does Amex Blue Cash Preferred count Walmart as a supermarket?

Yes, 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 card’s $300 initial bonus (earned as a statement credit), which will help offset the annual fee for a couple of years.… read full answer

Here’s how to make the most of Blue Cash Preferred:

The Blue Cash Preferred card will continue to be worth it if you consistently charge purchases to the card after meeting the initial bonus offer, especially in its bonus rewards categories. With this card, 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.

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. But only if your Amex Blue Cash Everyday account has been open for at least 12 months.

Here’s what you should know about the Blue Cash Preferred upgrade:

• When you request an upgrade from Amex Blue Cash Everyday to Blue Cash Preferred, there’s no… read full answer 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 that 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.
• It usually takes 24-48 hours for the upgrade to be fully processed and for your account to be updated.
• You should receive your card within 7-10 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 after the upgrade has been processed.
• 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.
• American Express usually sends targeted upgrade offers to Amex Blue Cash Everyday cardholders via mail, e-mail, or through their online account. Alternatively, you can call customer service at (800) 528-4800 to request an upgrade to Blue Cash Preferred.
• The Blue Cash Preferred card comes with an annual fee of $0 intro 1st yr, $95 after. There might be an introductory fee offer for you as well, but it is not guaranteed.
• In case you need to pay the $95 annual fee, you will be charged within 45 days of the upgrade. However, it will be a prorated Annual Membership Fee, based on the remaining time until your next account anniversary date.

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.