American Express Blue Cash Preferred Credit Card

Blue Cash Preferred® Card from American Express

American Express is a NerdWallet Partner
Card Details

Signing Promotion

Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.

Reward Rate

1.00%* question

Annual Fee


APR, Variable

APR: 12.99% - 21.99% Variable
Penalty APR: Up to 29.24%, Variable
Cash Advance APR: 25.24%, Variable

Intro APR Promotions

0% on Purchases for 15 months; 0% on Balance Transfers for 15 months
Card Features
  • Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and limitations apply.
  • 0% on purchases and balance transfers for 15 months
  • Has annual fee
Disclaimer: Any editorial content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through the American Express Affiliate Program.

NerdWallet Review

Author: NerdWallet
The Blue Cash Preferred is one of the two cards American Express released to replace the old version of the Amex Blue Cash card that we all know and love.

This card does have an annual fee of $75. However, American Express offers an alternative version, called the Blue Cash Everyday, which pays lower bonus rewards rates and has no annual fee. This version pays 2% on gas and department store purchases, rather than 3%, and only 3% on groceries instead of 6%.

For most cardholders, however, I suspect that the addition of bonus rewards on department stores in lieu of drugstores, and the improved 6% reward rate on groceries will be a welcome change. A family really only needs to spend $50 a week on groceries to make up for the annual fee, and that doesn't count the higher rewards on other categories.

Another improvement over the old Blue Cash, is that it previously only paid out the cash back rewards once a year, as a statement credit. The new Preferred and Everyday versions offer more flexibility, allowing users to redeem their rewards whenever they want, in increments of $25 or more.

The only issue to be aware of is that gas and grocery purchases don't earn the higher bonus reward rates at Wholesalers. So if you buy your gas and groceries primarily from Costco, you won't earn the full 3-6%. So if that's your main reason for considering a card like this, you may want to look into the Costco American Express Card, where you will earn 3% on the gas instead of just 1% with Blue Cash, and you'll earn the same 1% base rate on all other Costco purchases.

Cardholder Reviews

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