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Amex Blue Cash Preferred Card – Full Review [2023]

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Jarrod West

Jarrod West

Senior Content Contributor

Countries Visited: 21U.S. States Visited: 24

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Juan Ruiz

Juan Ruiz

Compliance Editor & Content Contributor

Countries Visited: 40U.S. States Visited: 27

Juan has been involved in credit cards, loyalty, travel, and personal finance for more than 10 years. He has worked for several outlets including The Points Guy and Forbes and was previously Editor-in...
& Kellie Jez

Kellie Jez

Director of Operations & Compliance

Countries Visited: 10U.S. States Visited: 20

Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.


Learn More

(at Amex's secure site)

Great Card If

  • You spend heavily at U.S. supermarkets and eat at home a lot
  • You commute often or go on a lot of road trips
  • You use a lot of streaming services like Netflix and Hulu
  • You’re a routine-type person and will continually use the card (ensuring you reach the redemption minimums)

Don’t Get If

  • You eat out more than you cook
  • You do all of your shopping at warehouse clubs or big-box stores like Target
  • You won’t use the card frequently enough to pay off the annual fee

Amex Blue Cash Preferred Card – Is It Worth It?

If you’re someone who highly values earning cash-back, then the Amex Blue Cash Preferred card is likely to be well worth it to you.

Sure, the card does have a , which might feel counterintuitive for a cash-back card, but when you factor in the earning potential, you’re likely to come out way ahead.

Considering that you’ll earn 6% cash-back at U.S. supermarkets on up to $6,000 in spend each year, this cash-back alone would be $360 if you hit the $6,000 threshold.

When you then account for the cash-back you’d earn on your streaming subscriptions, transit purchases, U.S. gas station purchases, and your other monthly bills and utilities, you can easily see how you can rake in the cash-back with this card.

Amex Blue Cash Preferred Card Top Benefits

Cash-Back Opportunities

The primary benefit is the numerous bonus categories that the card offers. Cardholders will earn between 3% to 6% back on their purchases that fall within the U.S. supermarkets, U.S. gas stations, select streaming subscriptions, and transit categories, plus the 1% back you’ll earn on all other purchases.

Return Protection

When you purchase a product with your card, return protection covers you if the seller won’t accept a return for the item, up to 90 days from the date of purchase.

Return protection covers you for up to $300 per item, and up to a maximum of $1,000 per calendar year.

Car Rental Coverage

When you pay for your rental car with your Amex Blue Cash Preferred card, it comes with complimentary secondary car rental insurance. This insurance covers any damage or theft to the rental car. Keep in mind that this is secondary coverage, so you’ll need to file a claim with your primary insurance first.

Best Way To Earn and Redeem Cash-Back Rewards

As we’ve outlined, earning cash-back with your Amex Blue Cash Preferred card on all of your purchases is easy.

However, if you want to make sure you’re earning as much cash-back as possible, you must make certain to use the card on purchases in its 4 bonus categories: U.S. supermarkets, select streaming services, U.S. gas stations, and select transit purchases.

When you make purchases with your card, you’ll accrue your cash-back month to month which can be redeemed as a statement credit to offset purchases on 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.

Alternative Cards to the Amex Blue Cash Preferred Card

Blue Cash Everyday® Card from American Express

If you want a similar card that doesn’t charge an annual fee, then the Amex Blue Cash Everyday card is the perfect option. With the card, you’ll earn:

  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%

See how these 2 cards stack head-to-head in our comparison of the Amex Blue Cash Preferred card vs. Amex Blue Cash Everyday card.

Chase Freedom Flex℠ Credit Card

If you like the idea of a no-annual-fee, cash-back card, but prefer different bonus categories, the Freedom Flex card is a great option to consider. You’ll earn 5% back on a quarterly rotation bonus category and travel purchases through Chase, 3% back on dining and drugstores, and 1% back on all other purchases.

See how these cards compare here: Amex Blue Cash Preferred Card vs. Freedom Flex Card.

We’ve also compared the Amex Blue Cash Preferred card against other popular rewards cards:

The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of the Blue Cash Preferred® Card from American Express, click here.
For rates and fees of the Blue Cash Everyday® from American Express, click here.

Frequently Asked Questions

The card is marketed to the non-traveler or family-type buyer. Those who frequent U.S. gas stations will benefit by earning 3% cash-back on purchases there, and when you shop at U.S. supermarkets you can earn 6% cash-back on up to $6,000 in purchases, then 1%.

However, there are some good benefits to this rewards card. First, you can use the high-value cash-back to purchase gift cards to places where you wouldn’t earn many points otherwise.

There are also a variety of benefits and insurances that can help while you’re traveling (if you find that valuable).

The card does not work at warehouse stores like Costco and Sam’s, but does include chains like Trader Joe’s, Kroger, Meijer, Whole Foods, Winn-Dixie, and more. For the full list, you can access the rewards information section of the American Express website.

You can sign in to your card at the American Express login.

No, unfortunately, the card only earns cash-back that can be added to your statement as credit or used as cash for Amex’s various shopping portal items.

The cash reward cannot be used directly for travel items at this time. Your cash-back will not expire as long as you keep your account open.

Yes. The annual fee is .

The foreign transaction fee is 2.7%.

The difference between these 2 is that the Amex Blue Cash Preferred card gives larger rewards and carries an annual fee. If your spending is at a high enough level to make up for the annual fee, then you’ll want to go with this version.

Awards on the Amex Blue Cash Everyday card are from 1% to 3% depending on category; the Amex Blue Cash Preferred card rewards are from 1% to 6% depending on category.

If the cash-back you’d earn from the Amex Blue Cash Preferred card would exceed the cost of the annual fee, then that is the card you should go for.

Yes. You can apply to upgrade your card at this link. You will simply pay the annual fee and your awards rate will increase from that point forward.

You will not receive any retroactive rewards, and your card number and information will not change; they will simply send you updated cards. You may have to pay the annual fee right away, but your awards rate will increase from that point forward.

Downgrading is possible; call your customer service number to inquire. If you’ve already paid your annual fee, ask if you can get it prorated back to you; you may be able to be refunded some of the cost.

The card has starting credit limits as low as $1,000 but can range up to $20,000 depending on qualifying factors.

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.


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