U.S. Supermarket Purchases
With your card, you’re going to earn 6% cash-back on U.S. supermarket purchases on up to $6,000 in spending each year. This gives you the opportunity to earn $360 cash-back if you were to hit the $6,000 yearly cap — which is just $500 per month.
List of Supermarkets and Grocery Stores That Qualify for Cash-Back:
- Kings Food Markets
- Smart & Final
- Stop & Shop
- Trader Joe’s
- Whole Foods
Keep in mind that this is not a complete list of eligible merchants. Merchants that do not qualify include specialty stores (wine shops, fish markets, etc.), superstores (Amazon, Target, Walmart, etc.), and warehouse clubs (BJ’s Club, etc.). For more information, you can view the rewards info section of the American Express website.
Select Streaming Subscriptions
You’ll also earn 6% back on select monthly/yearly streaming subscriptions, with no caps on how much you can earn. So if you’re someone who has quite a few streaming subscriptions that you use, then the Blue Cash Preferred card might be a perfect option for you.
List of Streaming Companies That Qualify for Cash-back:
- Amazon Music Unlimited
- Apple Music
- Apple TV+
- AT&T TV Now
- CBS All Access
- Fubo TV
- HBO Max
- HBO (standalone streaming subscription only, formerly known as HBONow)
- Kindle Unlimited
- NBA League Pass
- Prime Video
- Sling TV
- SiriusXM Streaming and Satellite
- TIDAL Music
- YouTube Music Premium
- YouTube Premium
- YouTube TV
As you can see, the list of covered platforms is quite extensive. Take, for example, a person who has monthly subscriptions to Netflix (standard $12.99), Hulu (no ads $11.99), Disney+ ($6.99), HBO Max ($14.99), and Spotify Premium ($9.99). With the annual total of these subscriptions amounting to $683.40, you’d receive $41 in cash-back.
Cardholders get 3% back on all purchases that fall within the transit category. So those that commute often or spend a lot on rideshare services can really benefit from this category.
List of Transit Purchases That Qualify for Cash-back:
- Taxi cabs
- Rideshare services
So regardless of whatever sort of transit commute you have, whether you take the subway or bus into work, pay to park in a parking garage each day, or take rideshare services like Uber or Lyft, you’ll find the card rewards you on all these purchases.
U.S. Gas Station Purchases
The final category, 3% back at U.S. gas stations, is perfect for anyone who commutes to work daily, or takes a lot of long road trips.
Examples of Gas Stations That Qualify for Cash-back:
- Murphy USA
- Murphy Express
Keep in mind that this is not a complete list and that you will not earn any extra cash-back if the gas station is part of a supermarket or warehouse club. However, if the gas station is also a convenience store, you can earn 3% cash-back on items sold inside.
You’ll earn 1% cash-back on all purchases that fall outside of the four bonus categories. While this won’t be as lucrative as the 3% to 6% back you’ll earn elsewhere, it is still a great way to earn cash-back for purchases you’ll be making anyway.
Those who value simplicity will enjoy that the Blue Cash Preferred offers only one redemption option — cash-back.
When you make purchases with your card, you’ll accrue your cash-back month to month that can be redeemed as a statement credit to offset purchases you’ve one your card when the bill comes due.
One caveat though, is that you must have accrued at least $25 in cash-back in order to redeem it. Meaning if your cash-back balance at the end of 1 month is $23.50, you’ll need to wait until you surpass $25 to redeem those funds.
Bottom Line: Redeeming rewards with the Blue Cash Preferred card is simple. You’ll earn 6 cents back per $1 spent at U.S. supermarkets and select streaming subscriptions, 3 cents back per $1 on transit and U.S. gas stations, and 1 cent back elsewhere. Then you can redeem those rewards as a statement credit once you’ve reached $25 in cash-back.