Since its founding in 1850, American Express has grown to become a cornerstone in the financial world, serving over 121 million customers globally.
What you need to know about this credit card:
- Annual Fee: First year free, then $95 annually.
- Intro APR: 0% for the first 12 months on purchases.
- Cashback Rates: Up to 6% on supermarkets and streaming services.
- Credit Score Requirement: Minimum score of 680 to qualify.
Pros:
- High Cashback on Groceries: Earn 6% cashback on up to $6,000 in annual supermarket purchases.
- Streaming Services: 6% cashback on select streaming services to complement your entertainment needs.
- Intro APR Offer: Enjoy a 0% APR on purchases for the first 12 months.
- Welcome Bonus: Get a 300 statement credit after spending 3,000 in the first 6 months.
- Exclusive American Express Experiences: Access to pre-sales, Broadway shows, and member-only events.
Cons:
- Annual Fee Post-First Year: A $95 fee applies after the initial year of card membership.
- Cap on Grocery Cashback: 6% cashback is limited to $6,000 in annual supermarket purchases.
Why Choose American Express for Your Credit Card?
The Blue Cash Preferred Card stands out against competitors like the Chase Freedom Unlimited, which offers only 1.5% cashback on all purchases.
While the Capital One SavorOne Rewards Card gives 3% on dining, the Blue Cash Preferred Card’s 6% on groceries is unmatched.
The Citi Double Cash Card’s flat 2% cashback can’t compete with the specialized high rates of Blue Cash Preferred.
The Discover it Cash Back Card’s rotating 5% categories are less reliable compared to the consistent 6% offered by American Express.
Lastly, the Wells Fargo Propel American Express card, although having similar streaming benefits, doesn’t offer as high a cashback percentage on groceries.
Blue Cash Preferred Card: Let’s get to know it a little better
How to Apply for Your Blue Cash Preferred Card
Ready to enjoy high cashback and exclusive perks?
Click the button to start your journey with the Blue Cash Preferred Card from American Express.