If you’re looking to save money on everyday expenses, a credit card with high cash-back rewards can be a great tool to help you achieve your financial goals. With the right card, you can earn cash back on everything from groceries and gas to streaming services and transit. Over time, these rewards can add up to significant savings, allowing you to put more money towards your financial goals or simply enjoy more of the things you love. In this article, we’ll explore one such card—the Blue Cash Preferred® Card from American Express—and how its cash-back rewards can help you save money on your everyday purchases.

Who is Blue Cash Preferred Card for?

The Blue Cash Preferred® Card from American Express is a great choice for those who spend a significant amount on groceries and streaming services and who want to earn cash-back rewards on their everyday purchases. The card offers an industry-leading 6% cash back on up to $6,000 in purchases per year at U.S. supermarkets, which can add up to significant savings for families and individuals who do a lot of grocery shopping. Additionally, the card offers 6% cash back on select U.S. streaming subscriptions, making it a great choice for those who love to binge-watch their favorite shows and movies.

If you frequently use ride-sharing services, take public transportation, or use gas stations, the Blue Cash Preferred® Card can also be a good fit. The card offers 3% cash back on purchases at U.S. gas stations and in transit, including taxis, ride-sharing services, parking, tolls, trains, buses, and more.

That being said, the card may not be the best fit for everyone. If you don’t spend a lot on groceries or streaming services, or if you’re looking for a card with more flexible rewards, you may want to consider other options. Additionally, the card does come with an annual fee of $95, so it’s important to consider whether the rewards you earn will offset this cost. Overall, the Blue Cash Preferred® Card from American Express is a great option for those looking to earn cash-back rewards on everyday purchases, particularly in the areas of groceries, streaming, gas, and transit.

Blue Cash Preferred Card Benefits

Sign-Up Bonus

One of the highlights of the Blue Cash Preferred® Card is its sign-up bonus. New cardholders can earn a $250 statement credit after spending $3,000 on purchases within the first six months of account opening. This is a great way to kickstart your cashback earnings.

Annual Fee

For the first year, there is no annual fee for the Blue Cash Preferred® Card; after that, there is a fee of $95. If you plan to use the card frequently and earn a significant amount of cash back, the annual fee may be worth it. But if you’re unsure if the rewards will outweigh the fee, it’s worth considering other options.

Plan It®

The Blue Cash Preferred® Card also offers a feature called Plan It®, which allows you to split up large purchases into monthly installments with a fixed fee. There are no plan fees for eligible purchases for the first 12 months following the date the account was opened. Then, after the eligible purchase amount is moved into a plan, a monthly plan fee of up to 1.33% of that amount may be assessed. This feature can help manage expenses and avoid interest charges.

Introductory APR

The card also has a low introductory APR of 0% for 12 months on purchases from the date of account opening, followed by a variable rate of 18.49% to 29.49%. If you’re planning to make a large purchase and need some time to pay it off without accruing interest, this feature can be helpful.

Cash Back Rewards

The Blue Cash Preferred® Card offers cash-back rewards on a variety of purchases. Here’s a breakdown of the categories and rewards:

6% cash back at supermarkets in the United States on up to $6,000 in annual purchases (after that, 1%).

6% cash back on select U.S. streaming subscriptions

Gas stations in the United States and transit (such as cabs, ride-sharing services, parking, tolls, trains, and buses) both offer 3% cash back.

1% cash back on other purchases

The 6% cash back at U.S. supermarkets is a particularly generous reward, as it can help offset the cost of groceries for many households. The 6% cash back on select streaming services is also a unique feature that can be useful for those who frequently subscribe to services like Netflix, Spotify, or Amazon Prime Video.

Disney Bundle Subscription10-15

Another unique feature of the Blue Cash Preferred® Card is the $7 monthly credit for eligible Disney Bundle subscriptions. This credit is available after using your card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment is required.

Terms and Conditions

As with any credit card, some terms and conditions apply to the Blue Cash Preferred® Card. These include things like fees, interest rates, and reward limitations. It’s important to review these carefully before applying for the card to ensure that it’s a good fit for your financial situation and spending habits.

How to Apply?

If you’ve decided that the Blue Cash Preferred® Card from American Express is the right fit for you, applying for the card is a straightforward process. Here’s what you need to know:

Make sure you meet the eligibility requirements

To apply for the Blue Cash Preferred® Card, you must be at least 18 years old and a U.S. resident. You’ll also need to have a good to excellent credit score to qualify.

Gather your personal and financial information

To apply, you’ll need to provide personal information such as your name, address, and Social Security number. Additionally, you must disclose information about your employment and income. 

Apply online

The easiest way to apply is to visit the American Express website and fill out the online application form. The process should take no more than a few minutes, and you’ll typically receive a decision within a few minutes of submitting your application.

Await the arrival of your card: Your card will be mailed to you if your application is approved. This usually takes 7–10 business days.

Overall, the application process for the Blue Cash Preferred® Card is quick and easy. By following these steps, you can apply for the card and start earning cash-back rewards on your everyday purchases in no time.

The Blue Cash Preferred® Card from American Express is a solid choice for those who want to earn cash back on everyday purchases. With generous rewards on groceries, streaming services, gas, and transit, this card can help offset the cost of everyday expenses. Plus, the sign-up bonus and Plan It® feature can be useful for managing expenses and maximizing rewards. However, the annual fee and interest rates