American Express Blue Cash Preferred
An excellent card for cash back on groceries (6%) and gas (3%), with a $200 welcome bonus (plus 20% cash back on Amazon.com purchases for the first 6 months, for up to $200 back), which outweigh the $95 annual fee for most people.
Your total savings: $2,170 over the next 5 years
View reward detailsRewards & Perks
Reward Highlights
- 6% cash back on groceries and U.S. streaming services (e.g., Netflix), 3% on gas and transit (e.g., taxis/rideshare, parking, tolls, trains, buses), 1% everywhere else.
- $200 welcome bonus (after spending $3,000 in first 6 months).
- Plus, 20% cash back on Amazon.com purchases on the Card within the first 6 months, for up to $200 back.
Other Rewards & Perks
- Global Assist Hotline: When you travel more than 100 miles from home, you have 24/7 access to medical, legal, financial, or other select emergency coordination and assistance services, including medical and legal referrals, assistance with cash wires, passport replacement, missing luggage and more.
- American Express Experiences: Get access to concert, theater, and special event tickets before they go on sale to the public.
- Return protection (90 days): You can be reimbursed for eligible items that the store won't take back within 90 days of purchase.
- Pay It or Plan It: Two different options to pay down your balance. Take advantage of the "Pay It" option to pay small purchase amounts (under $100), or you can "Plan It" to split up large purchases ($100 or more) with a fixed fee.
- Other perks include: Fraud protection and car rental loss and damage insurance.
Special Signup (Promo) Rewards & Perks
- $200 welcome bonus (after spending $3,000 in first 6 months).
- Plus, 20% cash back on Amazon.com purchases on the Card within the first 6 months, for up to $200 back.
Rates & Fees
Summary of Rates & Fees
- $95 annual fee. ($0 for the first year.)
- APR on purchases: 13.99-23.99% (but 0% for the first 12 months).
- Foreign transaction fee: 2.7%
Annual Fee: $95 ($0 for first year)
Interest Rate (“Purchase APR”): 13.99-23.99% (0% for the first 12 months)
Other Info
Date Introduced: 2011-04-27
Date Last Updated: 2021-07-20
Notes & Fine Print
Plan Fee (fixed finance charge): 0% introductory plan fee on each purchase moved into a plan during the first 12 months. After that, your plan fee will be up to 1.33% of each purchase moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase and other factors.
Summary of Penalty Conditions
This APR will vary with the market based on the Prime Rate. This APR may be applied to new transactions on your account if: 1) you make one or more late payments; or 2) your payment is returned by your bank How Long Will the Penalty APR Apply? If the Penalty APR is applied, it will apply for at least 6 months. We review your Account every 6 months after the Penalty APR is applied. The Penalty APR will continue to apply until after you have made timely payments, with no returned payments during the 6 months being reviewed.
✔ Overall favorites
✔ Cash back
✔ Signup bonuses
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