The Full Review
American Express is a well-known credit card provider that offers a variety of credit cards to suit different needs and lifestyles. One of the most popular cards in their line-up is the American Express Blue Cash Preferred Card, which is marketed as a card that provides great cash back rewards. In this article, we will take a closer look at the features and benefits of this card, and examine whether it is the best choice for those who are looking to optimize their cash back rewards.
Benefits and Costs
The American Express Blue Cash Preferred Card offers a great cash back rewards program. Cardholders earn 6% cash back on purchases at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%). They also earn 6% cash back on select U.S. streaming services and 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses and more. All other purchases earn 1% cash back.
However, the card also has an annual fee of $95, which can be a drawback for some cardholders. It's important to note that the cash back rewards can offset the cost of the annual fee if you use the card frequently enough, but it's still important to consider whether the rewards are worth the cost.
Pros & cons
- High cash back rewards on supermarket and select U.S. streaming services purchases
- Good cash back rewards on transit expenses
- No foreign transaction fees
- Annual fee of $95
- Cash back rewards decrease on purchases over $6,000 at supermarkets
Is the Card Worth It?
Based on the benefits and costs, we would rate the American Express Blue Cash Preferred Card a 4.5 out of 5.0. The high cash back rewards on supermarket and select U.S. streaming services purchases make this card a great choice for those who spend a lot of money on these expenses. Additionally, the rewards on transit expenses are also a nice bonus. The only drawback is the annual fee, which may not be worth it for some cardholders.
Is the American Express Blue Cash Preferred Card Right for You?
The American Express Gold Card is a great option for travelers who want to earn points for their travel expenses. The card's annual fee of $250 may be more manageable than the fee for the American Express Platinum Card, and the benefits offered by the card are still quite comprehensive.
If your primary concern is optimizing travel rewards and earning points for their travel expenses, the American Express Gold Card is definitely a good choice.
Wrapping Up
The American Express Blue Cash Preferred Card is a great choice for those who are looking to optimize their cash back rewards. With high cash back rewards on supermarket and select U.S. streaming services purchases, and good rewards on transit expenses, this card can provide significant value for those who use it frequently enough to offset the cost of the annual fee.
If you are primarily concerned with maximizing your cash back, the American Express Blue Cash Preferred Card is definitely worth considering.
