Representatives of American Express have confirmed to NerdWallet that the Blue Cash Preferred® Card from American Express will continue to offer 3% cash back at select U.S. department stores — even though references to that benefit have been all but erased from the issuer’s homepage for the card.
On Nov. 15, 2018, American Express’s marketing materials for the card eliminated all mention of the 3% rewards at select U.S. department stores. Information about department store rewards also disappeared from the online terms and conditions for the card.
Those resources stated only that the card offered 6% cash back on up to $6,000 a year in spending at U.S. supermarkets, 3% cash back at U.S. gas stations and 1% cash back on all other purchases. (Terms apply.)
However, the cardmember agreement available online still referred to the 3% cash back at select U.S. department stores, although that agreement indicated that it was current only as of Sept. 30, 2018. The discrepancy led to reports by NerdWallet and other outlets that the department store rewards may have been eliminated for new cardholders, or perhaps even all cardholders.
Asked to clear up the confusion, American Express representatives said that the department store benefit is unchanged, even if it has been de-emphasized on the issuer website.
The Blue Cash Preferred® Card from American Express has an annual fee of $95, making it one of the priciest cash-back credit cards on the market. Eliminating a 3% category would have seriously changed the value equation for many cardholders, especially those who spend a lot of money at department stores.
Other details of the card remain unchanged. New cardholders get an introductory APR of 0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 15.24% - 26.24% Variable APR. The card offers a bonus for new cardholders: $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. Terms Apply.