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.

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.

The Blue Cash Preferred card 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... show more

The Blue Cash Preferred® Card from American Express credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Blue Cash Preferred Card.

You should note that while your credit score is an important factor, there are... show more

The stores that are supermarkets for Blue Cash Preferred include Meijer, ShopRite, Stop and Shop, Vons, Whole Foods, and Winn-Dixie. 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.

Online supermarkets such... show more

The Blue Cash Preferred credit limit is based on American Express's assessment of each application, so the card's credit limit will be different for each applicant. American Express does not include any specific Blue Cash Preferred credit limit information in the card's terms.

For the most part, Blue Cash... show more

You can request a Blue Cash Preferred® Card from American Express credit limit increase online, through the American Express mobile app, or by calling customer service at 1-800-528-4800. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least... show more

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 ... show more

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:

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The best Blue Cash Preferred benefits are rental car insurance and extended warranty. The Blue Cash Preferred® Card from American Express card also has instant card numbers and lowest hotel rates guarantee, which are more common perks across American Express cards.

Blue Cash Preferred Card Benefits

• Rental... show more

Unfortunately, there is no longer a Blue Cash Preferred department stores bonus. The card used to offer 3% cash back at select department stores, but it ended that bonus category in July 2019.

Here's what you get with the Blue Cash Preferred card: