The American Express Blue Cash Preferred Card is an excellent card for many reasons. Its cash back rate is generous, with up to 6% at U.S. supermarkets. Plus, it offers 0% introductory financing on purchases made within the first 12 months. While the card does come with a $95 annual fee, the rewards are well worth it. In this review, we will outline the most notable benefits of the Blue Cash Preferred Card.
3% Cash Back At U.S. Supermarkets
The American Express Blue Cash Preferred Card offers a top cash-back rate on groceries and gas. The card is also competitively priced when it comes to rewards for transportation and other expenses, like parking fees. This card also comes with an introductory annual fee of $0 for the first year, after which it costs $95 per year. It has a great rewards program that will help you make the most of your cash-back dollars.
If you shop for groceries at a traditional supermarket, the American express blue benefits is the best option. This card offers 6% cash back on grocery purchases up to a cap of $6,000 per year. The annual fee is $95, which is more than triple the cash-back rate of the other cards. You can earn $36 in cash back on a $6,000 purchase if you use the card at U.S. supermarkets.
The card comes with a zero-annual fee offer. You’ll have to spend a minimum of $31 per week on groceries and $62 on gas to make it worth your time. You can supplement your spending with another spendings, such as dining out or buying a gift certificate and still earn the unremarkable 1% cash back.
0% Introductory Financing For Purchases Made Within First 12 Months
Among the benefits of a 0% introductory APR credit card is the 0% interest rate on all purchases for a certain period. This can be especially beneficial for large purchases, such as international flights or a car repair. After this period has expired, the card will automatically switch to a variable APR. Before you make a purchase, however, be sure to check the card’s interest rate.
If you can meet the minimum credit score, you can qualify for the 0% APR for purchases made within the first 12 months. However, the company does not publish the minimum credit score. As such, people with excellent credit may be better suited for this card. This is because American Express considers more factors when approving new accounts. The American Express Blue Cash Preferred Card offers a few bonus features, including a 0% introductory finance rate on purchases made within the first 12 months.
If you prefer traditional supermarkets, you may want to apply for the American Express Blue Cash Preferred Card. It offers a 6% rewards rate on groceries, with a cap of $6,000. This means that you can earn around $360 cash back with this card, but you will be charged a $95 annual fee. But, the benefits far outweigh this high annual fee. You can earn up to $360 in cash back for spending as little as $50 per month.
$95 Annual Fee
The American Express Blue Cash Preferred Card is a good option for consumers who need a high-end credit card, but it also has a high annual fee and store limitations. The Blue Cash Preferred Card is currently the best card to use for grocery shopping. It earns 6% cash back on your groceries, and you’ll be capped at $6,000 per year. In other words, you can earn $360 just by spending $6,000 at supermarkets. The downside is that you’ll have to pay the fee each year, which is about three times as much as most other credit cards. Alternatively, you can opt for the Blue Cash Everyday card, which has no annual fee and earns 2% cash back on gas stations and select U.S. department stores. If you’d rather not pay the $95 annual fee, you can earn as much