American Express Blue Cash Preferred card review

To successfully apply for this card, you should have a credit score of at least 670 — and preferably above 700.

Let’s look at this card’s ins and outs to help you decide if it’s right for you.

Cash-back credit cards rarely offer solid bonuses as travel rewards cards do, but the Blue Cash Preferred has a quality welcome offer right now: $250 cash back (as a statement credit) after you spend $3,000 on purchases in the first six months of card membership. That’s an ~8% return on spending.

Additionally, new applicants can take advantage of a 0% introductory annual percentage rate (APR) on purchases and balance transfers for the first 12 months of card membership. After that, a variable APR of 19.24%-29.99% will apply.

You can receive $7 back each month (up to $84 back annually) after spending $12.99 or more on an eligible subscription to The Disney Bundle — which includes Disney+, Hulu, and ESPN+ — using your card. Another monthly credit provides up to $10 (for up to $120 annually) back when you use your Blue Cash Preferred Card to pay for Equinox+ at equinoxplus.com. Note that enrollment is required in advance for some benefits.

You’ll also enjoy several travel and shopping protections with the Blue Cash Preferred. You can enjoy secondary rental car insurance when paying for the rental with your card — up to $50,000 of protection against theft or damage.*

The Global Assist Hotline provides medical, legal, financial and other emergency services coordination 24 hours a day, 7 days a week when traveling more than 100 miles from home. This service provides coordination only, however; you’ll be responsible for the costs of any third-party services you use.**

For purchases made with your card, you can enjoy an extra year on top of manufacturers’ warranties of five years or less, thanks to extended warranty protection. This coverage is limited to the amount paid for with your card — up to $10,000 and an annual limit of $50,000.^

You also can enjoy return protection, which covers items purchased in the last 90 days for which the merchant won’t accept a return. You can be refunded for the full purchase price (excluding shipping and handling costs) — up to $300 per item and up to $1,000 per year. This applies only to purchases in the U.S. or U.S. territories, however.

Purchase protection is another card benefit, which covers items purchased with your card in the last 90 days but that are damaged, stolen or lost. You can be covered for up to $1,000 per claim and up to $50,000 per year.^

*Eligibility and benefit level varies by card. Not all vehicle types or rentals are covered, and geographic restrictions apply. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company. Coverage is offered through American Express Travel Related Services Company, Inc.
**Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Cardmembers are responsible for the costs charged by third-party service providers.
#Eligibility and benefit levels vary by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details.

^Eligibility and benefit levels vary by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company.

Other cardmember benefits include “Plan It,” which allows you to select purchases of $100 or more to split up into monthly payments with a fixed fee, and access to valuable Amex Offers.

Related: Your complete guide to shopping protections on American Express cards

The standout feature of the Blue Cash Preferred is its various cash-back bonus categories:

Cash back is received as Reward Dollars that can be redeemed for statement credits.

While the Blue Cash Preferred is not the first card to offer bonus earnings on streaming subscriptions, its rate of 6% cash back is the industry leader. The Blue Cash Preferred is also a rewarding card at the supermarket and gas pump, earning 6% cash back and 3% cash back, respectively.

Aside from the U.S. supermarkets category, the other earning categories don’t have annual caps on how much you can earn. These are strong earning rates for anyone with regular spending in these categories.

While cash-back cards won’t unlock the doors to $10,000 first-class airplane suites, there’s also no pressure to save up for a specific reward. Plus, the Blue Cash Preferred has no minimum redemption amount.

You have three redemption options:

1. Receive a statement credit
2. Redeem for gift cards
3. Shop with your rewards

While multiple options exist, receiving a statement credit is likely your best option. That’s because you can buy gift cards at most supermarkets. Rather than using your points for these purchases, you could pay for them with your Blue Cash Preferred and earn even more cash back.

Related: What credit cards should you use to purchase gift cards?

• If you want similar benefits with no annual fee: The Blue Cash Everyday® Card from American Express has no annual fee (see rates and fees) and earns 3% back at U.S. supermarkets, U.S. online retail purchases and U.S. gas stations — though there’s a limit of $6,000 in purchases per category. After that, you’ll earn 1% back. The card also provides the same Disney Bundle benefit as the Blue Cash Preferred card. (Enrollment required). For more information, read our full review of the Blue Cash Everyday.
• If you want Amex points instead of cash back: The Amex EveryDay® Preferred Credit Card has an annual fee of $95 (see rates and fees) and earns Membership Rewards points instead of cash back. TPG values these points at 2 cents each, and you’ll earn 3 points per dollar at U.S. supermarkets (up to $6,000 of purchases per year, then 1 point per dollar), 2 points per dollar at U.S. gas stations and 1 point per dollar on other purchases. However, if you make 30 or more transactions in a billing cycle, you’ll get a 50% boost on your earnings. For more information, read our full review of the EveryDay Preferred.
• If you want rewards with more uses: The Citi® Double Cash Card earns 2 Citi ThankYou points per dollar — 1 point when you buy and another 1 point when you pay your bill — on all purchases. In addition to redeeming your earnings for cash back (at a 1 cent per point), you can transfer your points to several travel programs to unlock higher-value redemptions. For more information, read our full review of the Double Cash.
• If you want higher earning rates on gas: If you’re looking for cash back, low fees and a higher earning rate at the pump, consider the Costco Anywhere Visa® Card by Citi (see rates and fees). You’ll earn 4% back on gas — anywhere, not just Costco gas stations — on your first $7,000 in fuel purchases per year, then 1% thereafter. This card has no annual fee, but you need a paid Costco membership (which starts at $60 per year). For more information, read our full review of the Costco Anywhere Visa.

For additional options, please check out our full list of cards that earn bonus points at supermarkets and gas stations.

Read more: Complete guide to credit card annual fees

The information for the Amex EveryDay Preferred Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Related: Why the Amex Blue Cash Preferred might be the best cash-back card right now

Apply now: Earn $250 back (in the form of a statement credit) after you spend $3,000 in purchases within the first six months of card membership with the Blue Cash Preferred

Additional reporting by Ryan Wilcox, Chris Dong and Ryan Smith.

For rates and fees of the Blue Cash Preferred card, click here.
For rates and fees of the Blue Cash Everyday card, click here.
For rates and fees of the EveryDay Preferred card, click here.