The American Express Blue Cash Preferred® Card is a cash-back credit card designed for individuals who frequently spend on specific things.
By preparing the necessary information and understanding the application requirements, you can streamline the process of applying.
This guide provides a comprehensive overview of the card’s benefits, application process, interest rates, fees, contact information, and essential considerations.
Key Benefits and Features of American Express Blue Cash Preferred® Card
Like many other American Express cards, this one offers perks considered premium in the American financial market.
1. Cash Back Rewards:
- 6% Cash Back at U.S. Supermarkets: Earn 6% cash back on purchases at U.S. supermarkets, up to $6,000 per year. After reaching this cap, you earn 1% cash back on additional purchases in this category.
- 6% Cash Back on Select U.S. Streaming Subscriptions: Receive 6% cash back on eligible U.S. streaming services, such as Netflix, Hulu, and Disney+.
- 3% Cash Back at U.S. Gas Stations and on Transit: Earn 3% cash back on purchases at U.S. gas stations and on transit expenses, including taxis, rideshares, parking, tolls, trains, and buses.
- 1% Cash Back on Other Purchases: All other eligible purchases earn 1% cash back.
2. Welcome Offer:
Earn a $250 statement credit after spending $3,000 on purchases within the first 6 months of card membership.
3. Introductory APR:
Enjoy a 0% introductory APR on purchases and balance transfers for 12 months from the date of account opening.
After the introductory period, a variable APR of 20.24% to 29.24% applies, based on your creditworthiness.
4. Additional Benefits:
- Disney Bundle Credit: Receive up to $84 annually ($7 monthly) in statement credits when you use your card to pay for a Disney Bundle subscription (Disney+, Hulu, and ESPN+). Enrollment required.
- Purchase Protection: Covers eligible purchases against accidental damage or theft for up to 90 days from the purchase date.
- Return Protection: If a merchant won’t accept a return within 90 days of purchase, American Express may refund the full purchase price, up to $300 per item and $1,000 per calendar year.
- Extended Warranty: Extends the original manufacturer’s warranty on eligible purchases by up to one additional year.
Interest Rates and Fees
Consider:
- Annual Fee: $0 for the first year, then $95 annually.
- Balance Transfer Fee: 3% of the amount transferred, with a minimum of $5.
- Cash Advance Fee: 5% of the amount advanced, with a minimum of $10.
Foreign Transaction Fee: 2.7% of each transaction after conversion to U.S. dollars. - Late Payment Fee: Up to $40.
- Returned Payment Fee: Up to $40.
Application Process
Visit the American Express Blue Cash Preferred® Card page and click on “Apply Now.”
Complete the application form with your personal and financial information. Review the terms and conditions. Then, submit your application.
A good to excellent credit score (typically 690 or higher) is recommended for approval.
You may receive an instant decision upon submitting your application. If additional review is needed, a decision will be provided within 7-10 business days.
What is Asked in the Application?
This information helps American Express assess your creditworthiness and determine your eligibility for the card.
Personal Information
Your first and last name as it appears on official documents. A physical U.S. street address is required; P.O. boxes are not accepted.
Date of Birth to verify you meet the minimum age requirement of 18 years. Email Address and Phone Number for communication.
Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), used to check your credit history and report.
Financial Information
Your total gross income from all sources, including details about your employment or other income sources.
Information about whether you rent or own your residence and the amount you pay monthly for housing, including rent or mortgage.
If you wish to add authorized users, you’ll need to provide their full names and Social Security Numbers.
Comparison: Which Card Should You Choose?
Before applying for this card, consider all other options and competitors. This must have led you to find a more proper card for you.
| Feature | Amex Blue Cash Preferred | Chase Freedom Unlimited | Citi Custom Cash | Wells Fargo Active Cash |
| Grocery Cash Back | 6% (up to $6,000/yr) | 1.5% | Up to 5% (if top category) | 2% |
| Streaming | 6% | 1.5% | Varies | 2% |
| Dining | 1% | 3% | Up to 5% | 2% |
| Gas Stations | 3% | 1.5% | Up to 5% | 2% |
| Flat Rate | 1% | 1.5% | 1% | 2% |
| Annual Fee | $95 (after 1st yr) | $0 | $0 | $0 |
| Best For | Families, streamers | Mixed everyday spend | Custom rewards | Simple rewards |
- Choose Blue Cash Preferred if you spend heavily on groceries and streaming and don’t mind the annual fee.
- Choose Chase Freedom Unlimited for travel, dining, and simple everyday use.
- Choose Citi Custom Cash if your monthly spending changes and you want automatic 5% rewards.
- Choose Wells Fargo Active Cash for the easiest and most consistent 2% rewards with no categories to track.
Contact Information
If you need assistance, contact or visit the bank directly.
- Customer Service: 24/7 Support, 1-800-528-4800. Application Status, 1-888-826-3471
- General Inquiries: American Express P.O. Box 981535 El Paso, TX 79998-1535
- Bill Payments: Express P.O. Box 96001 Los Angeles, CA 90096-8000
Conclusion
The American Express Blue Cash Preferred® Card offers substantial rewards for individuals who spend significantly on groceries, streaming services, gas, and transit.
The card’s benefits, including a generous welcome offer and additional protections, can provide significant value to cardholders.
Before applying, ensure that your credit score aligns with the recommended range and that the card’s benefits match your spending habits
Disclaimer: This article is for informational purposes only and does not constitute financial advice, endorsement, or an official offer. All interest rates, fees, rewards, and terms mentioned are subject to change by American Express and may vary based on your creditworthiness and location. Please consult the official American Express website or speak with a certified financial advisor to verify the most current and applicable details before applying.
