Cashing in at the Supermarket: Blue Cash Preferred Card from American Express Review

By Jason Steele. Last updated 21 June 2017. 5 comments

This post contains references to products from our advertisers. We may receive compensation when you click on links to those products. The content is not provided by the advertiser and any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any bank, card issuer, airline or hotel chain. Please visit our Advertiser Disclosure to view our partners, and for additional details.


Earning rewards from your credit cards is a lot like earning interest on your investments. Cardholders should look for the highest returns possible considering the amount they spend and the type of merchants they frequent. They then need to balance these rewards against any fees assessed on their cards. The Blue Cash Preferred® Card from American Express offers as much as 6% cash back rewards for your spending at a time when many reward cards only offer 1%-2% cash back.

Why We Like This Card

  • $150 cash back bonus offer
  • Up to 6% cash back at U.S. supermarkets 

How This Card Works

Like many credit cards, customers earn 1% cash back on purchases from most retailers, but it is the bonus categories that make this card stand out.

A whopping 6% cash back is earned from purchases from U.S. supermarkets, not including wholesale or discount stores, up to $6,000 in purchases per year. After that, it'll be 1%. Plus, you earn 3% cash back at U.S. gas stations and select U.S. department stores.

Welcome offer: Earn $150 back after spending $1,000 in purchases in the first 3 months of opening your account. You will receive $150 back in the form of a statement credit. (See also: Best Credit Cards that Offer Bonus Cash for Sign-Up)

Other Benefits

Because this is an American Express card, you can expect a wide range of other benefits included with cardmembership.

Return Protection: If a merchant refuses to accept a return within 90 days, American Express may refund the full purchase price (up to $300 per item, $1,000 maximum per year). 

Extended Warranty: Get up to one extra year added to the original manufacturer's warranty, if it is 5 years or less. 

Purchase Protection: Protect your purchases against accidental damage and theft for up to 90 days. 

Car Rental Loss and Damage Insurance: Use your AMEX card to pay for your rental and be covered if the car is damaged or stolen. 

Terms apply.

Considerations

Foreign transaction fees. This card has a transaction fee for foreign purchases, which makes it not ideal for spending abroad. If you plan to use your card for foreign transactions, you should instead choose a card with no foreign transaction fees. (See also: Best Cards with No Foreign Fees)

Annual cash back limit. The 6% cash back at U.S. supermarkets is only for the first $6,000 in purchases. After that, the cash back percentage drops to 1%.

Who This Card Is Best For

This card is best for those who spend a lot at supermarkets, gas stations, and department stores. Very few credit cards can offer such a high amount of cash back on those categories.

Click here to learn more and apply for the Blue Cash Preferred® Card from American Express today!


3.329545
Average: 3.3 (88 votes)
Your rating: None
ShareThis
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Guest's picture
Kg

Although I am a Dave Ramsey follower, I won't give up this card for groceries and gas. With a family of 6, I've made over $500 in cash back this year, and will do even better next year, even with the cutoff coming. I pay it off weekly online.

Guest's picture
Ashley

I recently opened a Blue Cash Preferred AMEX account, and they offered me a 0% APR introductory rate for the first 12 months. Although there is an annual fee (which I usually don't like paying for), I feel like the perks you get from having the card more than pay for it (especially if you maximize the cash back).

Guest's picture

I have been using the amex blue cash for several years now. I use it to pay for gas, groceries, restaurants & etc... As you mentioned in your post, Amex cards are really great for renting cars because their insurance policy is probably the best if something happened to your rental car.

Guest's picture
James @ Panda CashBack

6% cash back is pretty sweet deal for grocery and the highest I ever seen for in store rebate.

Since it is applied on the first $6000 of purchases in grocery, i doubt majority of people would ever exceed that amount ( unless they purchase in bluk )

Guest's picture
Guest

Most people would exceed that amount. $500 per month in groceries is nothing for a family. Nothing. Groceries are crazy expensive.