Review
American Express Blue Cash Preferred® Card Review: High Cash Back for Everyday Spending
Earning up to 6% cash back on everyday spending, the Blue Cash Preferred® Card could be a lucrative option. But with an annual fee and other factors, is it the right card for you?
American Express
Blue Cash Preferred® Card
| Annual Fee | $95.00 |
| Sign-up Bonus | Up to $300 Cash Back |
| Rewards Rate | 1%-6% Cash Back |
| Intro APR | Intro APR: 0% intro APR on purchases and balance transfers for 12 months from the date of account opening, then a variable APR, 19.49% to 28.49%. |
| Regular APR | then a variable APR, 19.49% to 28.49%. |
| Other Fees | The American Express Blue Cash Preferred® Card charges a foreign transaction fee of 2.7% on each transaction after conversion to U.S. dollars. |
Overview
Pros & Cons
What's great
- Generous sign-up bonus
- Intro APR period
- High rewards rate
- Cashback on purchases
Things to consider
- Annual fee
- Foreign transaction fees apply
- High regular APR
Benefits
Drawbacks
Decision Guidance
Summary
Considering all factors, the Blue Cash Preferred® Card earns an overall rating of 4.4. The card excels in its rewards program, particularly the high cash-back rates on groceries and streaming services, which are very attractive to families and indivi...