Amex Cash Magnet vs.
Blue Cash Preferred

The stores that count as supermarkets for the Blue Cash Preferred card include Meijer, ShopRite, Stop & Shop, Vons, Whole Foods, and Winn-Dixie, among others. These U.S.-based supermarket chains all earn 6% cash back on the first $6,000 in combined purchases charged to the Blue Cash Preferred card each calendar year (1% after).

Online supermarkets such as FreshDirect also get 6% cash back, up to the combined limit. To qualify, purchases must be classified with the merchant category code for supermarkets and grocery stores.

Blue Cash Preferred Card Supermarkets List

• ALDI
• FreshDirect
• Gelson's
• Hy-Vee
• Kings Food Markets
• Meijer
• ShopRite
• Smart & Final
• Stop & Shop
• Trader Joe's
• Vons
• Whole Foods
• Winn-Dixie

According to Amex, the Blue Cash Preferred card's supermarkets list is not exhaustive. This means that similar supermarket chains located in the U.S. may also earn 6% cash back.

Retailers such as Target and Walmart, however, are not considered supermarkets, making them ineligible for the bonus rewards. Merchants such as warehouse clubs, specialty food stores, meal-kit delivery services, and convenience stores are also excluded.

To find out if a store qualifies for 6% cash back, look up the merchant category code for the chain or even the specific location.

The Blue Cash Preferred® Card from American Express foreign transaction fee is 2.7% of each transaction after conversion to US dollars. This means American Express will add a surcharge of 2.7% of each transaction after conversion to US dollars anytime you use the Blue Cash Preferred® Card from American Express outside of the United States. The fee also applies to online purchases made through an internationally-based merchant.

To learn more, refer to our guide on foreign transaction fees and our editors' picks for the best credit cards without foreign fees.

The Blue Cash Preferred annual fee is $0 intro 1st yr, $95 after. Blue Cash Preferred's $95 annual fee, which starts the second year, is higher than the average annual fee among new credit card offers right now. It's 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
• Cash Advance Fee: 5% (min $10)
• Foreign Fee: 2.7% of each transaction after conversion to US dollars
• Balance Transfer Fee: 3% (min $5)
• Max Late Fee: $40

If you want...

The Blue Cash Preferred® Card from American Express is not a metal credit card, as it is made of plastic like most other credit cards. There's no functional difference between a plastic card like the Blue Cash Preferred and a metal credit card, though, so don't dismiss the Blue Cash Preferred just because it isn't metal. If you like the card's terms and benefits, you should still consider applying.

Metal credit cards are usually expensive luxury cards. Some popular examples of metal credit cards...

You typically need good credit or better to have a shot at getting approved for the Blue Cash Preferred. You can check your credit score for free here on WalletHub to see if you qualify.

Note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Blue Cash Preferred. Some other key criteria include your income, existing debt load, recent credit inquiries, number of open accounts, housing status,...

The Amex Cash Magnet Card credit limit is reportedly around $1,000 to start, according to forum posts, and some cardholders report limits as high as $40,000. American Express does not disclose any specific Amex Cash Magnet Card credit limit information in the card's terms, though.

For the most part, Amex Cash Magnet Card credit limits depend on each applicant's overall creditworthiness. People with the most income and the best credit scores are generally offered the highest starting credit limits.

That said, the...

Yes, the Blue Cash Preferred card is worth having if you spend enough to recoup the value of the card's $95 annual fee ($0 intro fee for the first year) in rewards earnings. The easiest way to do that is by spending enough to qualify for the card's initial bonus, which will help offset the annual fee for a couple of years (welcome offers vary and you may not be eligible for an offer).

The Blue Cash Preferred...

No, there is no Blue Cash Preferred department stores bonus anymore. The card used to offer 3% cash back at select department stores, but that offer ended a while back.

Here's what the Blue Cash Preferred card currently offers:

In addition, this card comes with an annual fee of $0 intro 1st yr, $95 after. Just note that you need at least good credit for approval. If you'd like to know where you stand, you can check your credit score for...

The American Express Cash Magnet® Card foreign transaction fee is 2.7%. This means American Express will add a 2.7% surcharge anytime you use the American Express Cash Magnet® Card outside of the United States. The fee also applies to online purchases made through an internationally-based merchant.

To learn more, refer to our guide on foreign transaction fees and our editors' picks for the best credit cards without foreign fees.

All information about the American Express Cash Magnet® Card has been collected independently by WalletHub. The American Express Cash Magnet® Card may no longer be available to...

To log in to your Blue Cash Preferred® Card from American Express account, go to American Express' website or mobile app, enter your username and password in the appropriate fields, and click the button to sign in. If you don't already have an online account with American Express, you'll need to enroll first and set up a username and password.

How to Log in to Your Blue Cash Preferred Account

1. Visit American Express' website or app. Navigate to the login box...