The Blue Cash Preferred Card From American Express (The 6% Cashback Card)


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For those of us who are deeply immersed in the miles and points hobby, it’s easy to forget that we’re the outliers in the credit card world. While we love nothing more than to earn a stash of airline, hotel, or transferable points/miles every time we use a credit card, most ‘normal’ people can’t be bothered with all of that.

To get the most out of a miles or points balance takes work and often quite a bit of effort. People with busy lives and families to look after generally don’t have the time or energy to deal with all of that and this a big reason why cash back credit cards are so incredibly popular and why the Blue Cash Preferred Card is a card that would work well in most wallets.

The Blue Cash Preferred Card From American Express

In Brief

The Blue Cash Preferred Card from American Express is one of the more rewarding cashback cards on the market with its market-leading rebate at U.S supermarkets, market-leading rebate on spending with streaming services, great cash back rates on select travel spending, and great cash back at gas stations too.

If you’re someone looking for a strong cash back card or if you’re just someone who prefers to earn statement credits over miles and points, this is probably the card for you.

In Detail

Here’s what you need to know about the Blue Cash Preferred Card from American Express:

Annual Fee:

  • $95 (waived in the first year)

Cost of Authorised User Cards:

  • $0 (zero)

Current Welcome Bonus:

  • Get a $300 statement credit after spending $3,000 on your new card within 3 months of card membership (more details).

Note: The welcome bonus is only available to applicants who have not held this card before.

Earnings:

  • 6% cash back at U.S. supermarkets on up to $6,000 spending per year*
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit spending (e.g. taxis/Uber/Lyft, parking tolls, trains, buses)
  • 3% cash back at U.S. gas stations
  • 1% cash back on all other spending

*Any spending above $6,000 will earn 1% cashback

Note: Cashback is received in the form of Reward Dollars that can be redeemed as a statement credit.

Other Key Benefits:

  • Secondary rental car cover
  • Returns protection
  • Access to Amex Offers

Why This Is A Great Card

The Blue Cash Preferred Card is a card that you hold for the great cashback that it offers rather than any other benefits that come with it, and there’s no other card that offers more cash back at US supermarkets or on spending with US streaming services.

It’s Free In The First Year

American Express is currently waiving the annual fee for the first year of card membership so new applicants can effectively try out this fantastic credit card for free.

The Welcome Offer

Before I go on to point out just how good a cash back card the Blue Cash Preferred is, it’s important to consider just how good the welcome offer is too.

New card holders have 3 months to spend $3,000 in order to get a rebate of $300 so $1,000 of spending per month (for 3 months) will trigger the welcome offer. On the face of things that isn’t a particularly easy target to hit but considering grocery stores now sell a lot more than just groceries, this is an easier bonus to earn than it may appear and it’s also a bonus that can be earned without moving any spending away from the card’s key bonus category – U.S. supermarkets.

If a new cardholder chose to spend the full $3,000 that’s needed to trigger the welcome offer at US supermarkets, they would earn a $300 statement credit (the welcome offer) and a further $60 credit courtesy of the cards fantastic cash back benefit.

6% Supermarket Cashback

6% cash back is a fantastic saving to make on all US supermarket spending (up to $6,000 of spending per year), and when you consider that most supermarkets sell gift cards for a variety of eateries, clothes stores, home improvement stores, phone/cable service providers, and department stores (all of which will qualify for the 6% cashback) this rapidly becomes a card that earns 6% cash back on much more than your weekly grocery bill.

6% Cashback On Streaming Services

The 6% cash back available on select US streaming services will automatically be appealing to those who spend a lot on services like Netflix, HBO, Disney+ and Spotify…but the cashback can be earned on considerably more services than just those. Here’s the full list:

  • Amazon Music Unlimited
  • Apple Music
  • Apple TV+
  • AT&T TV Now
  • Audible
  • CBS All Access
  • Disney+
  • ESPN+
  • Fubo TV
  • HBO Max
  • HBO (standalone streaming subscription only, formerly known as HBONow)
  • Hulu
  • iHeartRadio
  • Kindle Unlimited
  • Luminary
  • MLB.TV
  • NBA League Pass
  • Netflix
  • NHL.TV
  • Pandora
  • Peacock
  • Prime Video
  • Showtime
  • Sling TV
  • SiriusXM Streaming and Satellite
  • Spotify
  • Stitcher
  • TIDAL Music
  • YouTube Music Premium
  • YouTube Premium
  • YouTube TV

If anyone can name me a major streaming service available in the US that the Blue Cash Preferred Card doesn’t cover I’ll be very impressed as, right now, I can’t think of one.

Link to the most recent list of streaming services that earn 6% cashback

3% Gas Station Cash Back

For most people, filling up their vehicle with gas is one of the bigger expenses that they can pay using a credit card, so the 3% cash back that the Blue Cash Preferred Card offers at US gas stations can be a great money saver.

Importantly, the gas station category doesn’t have a spending cap attached to it so, if a cardholder hits the $6,000 spending limit at US grocery stores, they can turn to the gift cards available at most gas stations to ensure that they continue to get a good rate of return on more than just gas.

3% Cashback On Select Travel Spending

Cardholders may not be able to earn 3% cash back on hotels, rental cars, or airfare but the 3% cash back available on  the following can still be incredibly useful:

  • Trains
  • Taxicabs
  • Rideshare services
  • Ferries
  • Tolls
  • Parking
  • Buses
  • Subways

When a cardholder isn’t earning 3% cash back on the gas they’re putting in their car, they’re earning 3% cash back on most other forms of transport that they’re taking to get to their destination. That’s always going to be popular.

Bottom Line

If you prefer to earn cash back to miles and points then this is almost certainly a card that you should have in your wallet. And even if you love the miles and points game you should probably consider it too. The Blue Cash Preferred Card offers great rates of cash back in a number of categories in which a lot of people spend a considerable amount of their budget (gas, groceries & transit) so, used correctly, it can be a fantastic money saver.

On top of all that, with cashback earned in the form of Blue Cash Rewards Dollars which can be redeemed as statement credits, there’s no need to worry about how to get the best use out of the earnings the card offers – getting the most out of the card couldn’t be simpler and takes no effort or time at all.

Find out how to apply for the Blue Cash Preferred Card from American Express

Featured image courtesy of American Express

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