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Blue Cash Preferred® Card from American Express Review – Up to 6% Cash Back

Balance Transfer Credit Cards

The Blue Cash Preferred® Card from American Express is known as one of the highest paying cash back cards available. It offers up to 6% cash back and a 0% introductory APR on purchases and balance transfers for 12 months.

Blue Cash Preferred ReviewAmerican Express is perhaps best known for its travel rewards–“Don’t leave home without it.” But with the Blue Cash Preferred® Card from American Express, it also offers a top notch cash rewards cards. The card has a tiered reward system ranging from one to six percent. It also has a cash bonus for new card members and a 0% introductory APR offer.

Blue Cash Preferred® Card from American Express Snapshot

  • 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.
  • Earn Cash Back: 6% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 3% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.
  • With the Blue Cash Preferred® Card, you can start earning cash back. No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Cash back is earned only on eligible purchases.
  • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 22.24%, based on your creditworthiness and other factors.
  • Terms and limitations apply.
  • See Rates & Fees
  • Learn how to apply here.

Cash Back Rewards Program

There are four components of the rewards program: (1) the $150 bonus; (2) 6% cash back;  (3) 3% cash back; and (4) 1% cash back.

1. $150 Bonus: Spend just $1,000 on the card in the first 3 months and you’ll pocket a $150 cash bonus in the form of a statement credit.

2. 6% Cash Back: For rewards, you earn 6% U.S. supermarkets up to $6,000 per year in purchases (then 1%). This is one of the highest cash back rewards available from any card.

3. 3% Cash Back: You’ll earn 3% at U.S gas stations.

4. 1% Cash Back: On all other purchases.

0% Introductory Rate

The card offers a 0% introductory rate on purchases and balance transfers for 12 months.

What we like about the Blue Cash Preferred® Card

  • The $150 cash bonus
  • Up to 6% cash back
  • 0% introductory APR

What could be better

  • The 6% cash back has a spending cap
  • $95 annual fee
  • Requires Excellent Credit
    Excellent Credit
    Credit cards for excellent credit are
    intended for those with a credit score of 700 or Higher.
    Get Your Free Score

Summary

  • Apply by 1/11/2017- Earn 10% cash back on purchases at Amazon.com in the first 6 months, up to $200.
  • Plus, earn $150 back after you spend $1,000 in purchases on your new card within the first 3 months.
  • You will receive cash back in the form of statement credits.
  • Everyday Cash Back: 6% at U.S supermarkets on up to $6,000 per year in purchases (then 1%); 3% at U.S gas stations; 1% other purchases. Terms and limitations apply.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only earn cash back on eligible purchases.
  • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
  • Terms and Conditions apply.
  • Regular Purchase APR: 13.24%-23.24% (Variable)
  • Penalty APR: See Terms
  • Annual Fee: $95
  • Late Payment Fee: See Terms
  • Foreign Transaction Fee: 2.7% of each transaction in U.S. dollars
  • Ideal for those who want up to 6% cash back
  • A good choice for those looking for a 0% APR introductory rate
  • Requires Excellent Credit
    Excellent Credit
    Credit cards for excellent credit are
    intended for those with a credit score of 700 or Higher.
    Get Your Free Score
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