Home Credit Cards Amex This Excellent Cash Back Card Is Now Free In The First Year

This Excellent Cash Back Card Is Now Free In The First Year


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The Blue Cash Preferred Card from American Express offers the best rate of cash back out of any card on the market when it comes to spending at US supermarkets and on spending with the major streaming services. Add to that the good cash back rates for spending on transit and at US gas stations and you have one of the best cash back cards around. Ordinarily, this card costs $95/year to hold but right now, you can try it out for free.

If you’d like to see a full review of the Blue Cash Preferred Card click HERE otherwise,  keep reading to find out what you need to know about the card.

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 6 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

Thoughts

For the first year of card membership, the Blue Cash Preferred Card is free to hold so you can try it out and see how well it works in your wallet with no outlay at all (assuming you don’t carry a balance…which you shouldn’t).

For no annual fee in the first year, you get to make the most of 6% cashback (on up to $6,000 of spending) at US supermarkets, 6% cashback on spending with most major streaming services, 3% cash back on spending at US gas stations and on transit and, if you choose to go for the welcome bonus too, you can earn $300 of bonus cash back too.

What’s not to love about all of that?

On its own, 6% cash back is a great rebate to be given on up to $6,000 of US supermarket spending per year, but when you consider that most supermarkets also sell gift cards for eateries, clothes stores, home improvement stores, phone/cable service providers, and department stores as well as food, it quickly becomes apparent that the Blue Cash Preferred Card is a card that earns 6% cash back on much more than your weekly grocery bill.

6% cash back available on select US streaming services will be very appealing to those who spend a lot on services like Apple Music, Apple TX+, Netflix, HBO, Disney+, and Spotify…but the cashback can be earned on considerably more services than just those. See the full list here. At the time of writing, there isn’t another card that I know of that offers a streaming service rebate as high as the 6% rebate offered by the Blue Cash Preferred Card.

The unlimited 3% cash back offered for spending made at US gas stations isn’t market-leading but it’s also not bad at all. Generally speaking, you have to use a miles/points card to get a better return at US gas stations than the 3% that the Blue Cash Preferred Card offers, but if you’re not particularly interested in earning miles and points, that’s not going to be of much use to you.

Lastly, while holders of the Blue Cash Preferred Card may not be able to earn 3% cash back on hotels, rental cars, or airfare, they still get to earn 3% cash back on transit spending (trains, taxis, rideshare services, buses, etc…) which can be incredibly useful. Effectively, 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 they use from day to day and that’s an offering that’s hard to beat.

Bottom Line

One of the best cash back cards on the market is now free for the first year of card membership so, as long as you’re not carrying a balance (which you shouldn’t), you can try out this card and get some fantastic rates of return without paying Amex a dime.

If you prefer to earn cash back to miles and points, the Blue Cash Preferred Card is almost certainly a card that you should have in your wallet. Actually, 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.

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

A Fantastic No Annual Fee Card

The Freedom Flex Credit Card is a no annual fee card from Chase and although it was only released in September 2020, it has quickly become a “must-have” credit card for fans of Chase’s Ultimate Rewards program. Fantastic earning rates, useful benefits, and no annual fee is always a winning combination.

Some Of The Great Earning Rates & Benefits:

  • 5% cash back (or 5 points/dollar) on:
    • Up to $1,500 of spending in quarterly revolving categories
    • Travel purchased through Chase’s travel portal
    • Lyft rides through March 2022
  • 3% cash back (or 3 points/dollar) on:
    • Dining (includes take-out and delivery)
    • Spending at drugstores
  • 1% cash back (or 1 point/dollar) on spending in all other categories
  • Complimentary cell phone protection

Click for more details on the Chase Freedom Flex Credit Card

Regarding Comments

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser or any other advertiser. It is not the bank advertiser’s responsibility or any other advertiser’s responsibility to ensure all posts and/or questions are answered.

3 COMMENTS

  1. For the Amex Blue:

    1) the fine print says “prepaid cards” are excluded from the 6% grocery store points. Does that exclusion include gift cards such as Visa/MC, or Home Depot, Amazon, restaurants, etc?

    2) I’m confused about how much gasoline purchased at a supermarket earns. Can somebody clarify if it earns 6%, 3% or 1%.

    Thanks,

    • I’ve never had an issue getting points or cash back with gift card purchases made with my Amex cards…but then I’ve also never gone crazy and I’ve played things conservatively. ETA: I’m referring specifically to gift cards other than Visa/MasterCard gift cards which I do not buy with Amex Cards.

      As far as gas at supermarkets goes, I’ll have to let someone else answer that question as I don’t use an Amex card for my gas purchases.

    • In my experience, gasoline purchased at gas stations attached to one of the major chain supermarkets does code as gasoline, not groceries, on the credit card statement.

      One tidbit I’ll mention is that American Express, unlike Chase, specifically excludes gasoline purchased at Costco or Sam’s Club from the gasoline category.

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