Edited by: Keri Stooksbury
& Kellie Jez
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Everyday spending can add up quickly. When you take a few trips to the grocery store, fill up the gas tank, take an Uber ride out to dinner, then add on the cost of that Netflix subscription, and you’ll easily have hundreds of dollars in purchases.
We’re all about earning rewards, especially on purchases you make on a daily basis. Earning rewards on these purchases can add a ton of extra cash to your household.
One way to ensure you receive all the rewards you deserve is to select a credit card that earns the highest rewards on your biggest expenses.
If your highest expense categories are those everyday purchases, you may find that the Blue Cash Preferred® Card from American Express could be a value-added asset to your daily life.
Let’s talk about how easy it is to earn rewards on the Amex Blue Cash Preferred card, look at its redemption options, and peruse the travel and shopping benefits and protections that come with the card.
We’ll also look at a couple of alternative cards that could be a potential fit if you’re looking to make sure your everyday purchases (and more) get rewarded appropriately.
This card is great for those who want to earn cash-back with U.S. supermarkets, U.S. streaming subscriptions, transit, and U.S. gas stations.
The Blue Cash Preferred® Card from American Express is a stellar cash-back credit card for those looking to maximize every purchase they make.
With bonus categories like U.S. supermarkets, select streaming services, U.S. gas stations, and transit purchases, this card rewards you for the items you spend the most on in a big way! For those looking to earn up to 6% cash-back on their purchases, this could be the card for you!
You’ll be earning cash-back in the form of Reward Dollars on every purchase you make with the Amex Blue Cash Preferred card. Thanks to its bonus categories of supermarkets, gas stations, and streaming services, it is one of the best cards for monthly bills.
Jumpstart your earnings with a welcome bonus shown below:
You will receive the offer in the form of a statement credit after meeting minimum spending requirements.
Earn up to $360 cash-back each year when you spend at U.S. supermarkets. You’ll earn 6% cash-back on up to $6,000 in purchases each card anniversary year. After that, supermarket purchases earn just 1% cash-back.
Note that warehouse clubs and stores such as Walmart and Target are not considered grocery stores.
For every dollar you spend on U.S. streaming services, you’ll receive 6 cents in cash-back. Examples of streaming services that earn this 6% cash-back include Netflix, Disney+, Hulu, Paramount+, Pandora, Spotify, Prime Video, and many more.
There is no limit on 6% cash-back earning for streaming services.
For those who spend a lot at gas stations and on transit, you’ll enjoy the unlimited 3% cash-back for every dollar you spend. Transit includes ride-sharing services (like Uber and Lyft), buses, subway transport, parking, tolls, and much more.
Every purchase you make that doesn’t fall into 1 of the bonus earning categories earns 1% cash-back.
Note that the Amex Blue Cash Preferred card does charge a foreign transaction fee of 2.7% on “transactions converted to U.S. dollars” — meaning it may not be the best card for frequent travelers.
Reward Dollars earned on the Amex Blue Cash Preferred card offer several options at redemption time.
Simplicity also rules when it comes time to redeeming your Amex Blue Cash Preferred card Reward Dollars. The cash-back you’ve earned can be used as a statement credit towards purchases — this couldn’t be an easier option if you value a straightforward redemption.
Reward Dollars must be redeemed in $25 increments.
While you have the additional option to redeem your Reward Dollars for merchandise and gift cards, always compare prices elsewhere.
For example, for merchandise, check other retailers to ensure the price you’re offered is a good one. You can always redeem your Reward Dollars for cash and purchase the item where you found the best deal.
You’ll find a nice collection of travel perks and protections on the Amex Blue Cash Preferred card. Here are some of the core travel benefits you can expect.
If you book your prepaid hotel with Amex Travel using your eligible card and find the same room advertised online for less, you could receive the difference in price (restrictions apply).
Cardholders receive Hertz car rental benefits including discounted pricing, additional driver fees waived, and a 1 car class upgrade for rentals 5 days or more.
Use your eligible card and code 705500 at booking.
Use your card to reserve and pay for your rental car, decline the agency’s collision damage waiver coverage, and receive secondary rental car coverage for damage, theft, and loss of use. Rentals of 30 days or less are covered, up to $50,000 per rental agreement.
Secondary coverage means that you must first file a claim with any other applicable insurance company.
Amex Blue Cash Preferred card members qualify to purchase Premium Car Rental Protection for a flat rate of $12.95 to $24.95 per rental period of up to 42 consecutive days in length.
Premium Car Rental Protection is primary car rental insurance, offering up to $100,000 in benefits. You do not have to file a claim with your own insurance company first when you purchase this coverage.
Receive help planning your trip or assistance services 24/7 when you’re traveling more than 100 miles from home.
Get help any time of the day or night with services that include legal and medical referrals, translation services, help to replace a lost passport, making emergency arrangements, and much more. Referral services are complimentary but cardholders are responsible for the cost of actual services.
Using your Amex Blue Cash Preferred card for shopping can save you plenty of money and offer protection for eligible items. Here are some of the benefits you’ll receive when shopping with your card:
The Amex Blue Cash Preferred card is currently offering:
Enroll your Amex Blue Cash Preferred card for this offer (via your online card account) and receive up to $10 as a monthly statement credit for Equinox+ membership fees, up to a maximum of $120 per year.
Amex Offers allows you to enroll your card in special offers that can save you hundreds (even thousands) of dollars each year on specific purchases.
The American Express Auto Purchasing Program saves members money by offering discounted pricing on new car purchases. In addition, you may be able to pay up to $2,000 or more of the purchase price when using your Amex Blue Cash Preferred card.
It can be frustrating when a new item you purchased gets damaged or stolen. If you purchase a covered item with your Amex Blue Cash Preferred card, you will have coverage for damage or theft for 90 days from the purchase date. Benefit amounts are $1,000 per item, up to a maximum of $50,000 per eligible card.
Purchase an item with your eligible card and if within 90 days of purchase the merchant will not accept the return, you could receive up to $300 per item, up to a maximum of $1,000 in a calendar year per account.
Eligible items purchased with your card will have the manufacturer’s warranty of 5 years or less extended by 1 additional year. Benefit amounts are $10,000 per item, up to a maximum of $50,000 per account.
Cardholders receive access to presale ticket availability before the general public, member-only exclusive events, and priority event seating.
Receive free 2-day shipping and free returns with your complimentary ShopRunner membership. Just use your card to shop at over 100 different retail stores. Membership has a regular value of $79.
You can earn more cash-back at a faster rate by adding additional cardholders at no charge (rates & fees).
If you are considering the Amex Blue Cash Preferred card because of its earnings on everyday purchases such as U.S. grocery stores, you may find the American Express® Gold Card a viable alternative.
This is the best card for food lovers who dine out at restaurants (worldwide), order take-out and want big rewards at U.S. supermarkets!
The American Express® Gold Card is a game-changer.
With this card, you can earn 4x Membership Rewards points at restaurants and you’ll also earn 4x Membership Rewards points at U.S. supermarkets on up to $25,000 per calendar year in purchases, then 1x.
There isn’t another card on the market that offers a 1-2 punch like this. Of course, there are several other benefits of the Gold Card as well, including extra monthly dining rewards and more.
Hot Tip: Check to see if you’re eligible for a welcome bonus offer of up to 90,000 points with the Amex Gold card. The current public offer is 60,000 points. (This targeted offer was independently researched and may not be available to all applicants.)
While earning cash-back rewards on the Amex Blue Cash Preferred card is simple, if you’re a traveler who enjoys earning elevated rewards on both everyday spending and on your travel purchases, the Amex Gold card could offer better value.
The Amex Gold card also earns valuable Membership Rewards points that can offer the potential for greater value when redeemed for travel via Amex Travel or by transferring points to the American Express transfer partners.
Can’t decide which card might be a better fit for you? Check out our comparison of the Amex Blue Cash Preferred and the Amex Gold card.
If you spend $6,000 a year at U.S. grocery stores, you’ll more than maximize the value of having the Amex Blue Cash Preferred card. The additional Reward Dollars you earn at U.S. gas stations, on streaming services, and on transit would be a plus and add even more value.
Keep in mind that this card does have an annual fee, so you’ll need to make eligible bonus category purchases to offset that cost or the card may not be worth it for you. It would take $1,584 in 6% cash-back purchases to offset the current annual fee.
While the card pairs well with those who want to earn rewards on everyday spending, it falls short for frequent travelers. If you travel often, the foreign transaction fees, lack of bonus earning on general travel purchases, and no flexible travel transfer or redemption options mean this card may not be the best fit if you.
However, the Amex Blue Cash Preferred card could make an appropriate companion card to a travel rewards credit card.
Frequent travelers may want to check out our recommendations for the best travel rewards cards.
If you spend more than $1,584 at supermarkets and on streaming services each year, the Amex Blue Cash Preferred card is worth it. This is because the card charges an annual fee and you’ll need to spend that much on the card in 6% cash-back bonus categories to offset the current annual fee.
If you spend the maximum $6,000 at U.S. supermarkets, you will earn $360 in Reward Dollars. Additionally, the card earns an unlimited 6% on streaming services and 3% on transit and at gas stations.
Cash back is earned on the card in the form of Reward Dollars. Once you have $25 in Reward Dollars accumulated in your account, you can redeem the dollars for cash-back statement credits.
Reward Dollars must be redeemed in increments of $25.
You can also redeem your Reward Dollars for gift cards or merchandise.
The Amex Blue Cash Preferred card does not earn Membership Rewards points. The card earns cash-back in the form of Reward Dollars.
You will need a good to excellent credit score to be approved for the Amex Blue Cash Preferred card.
According to Experian, one of the nation’s major credit bureaus, a good credit score is defined as a score of 700 or above.
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