This is the best credit card for groceries—and binge-watching, too
The Blue Cash Preferred Card gives you 6% cashback on the primary $6,000 you spend on groceries annually.
Are you looking for the best cash-back credit cards, then one of the best would be the Blue Cash Preferred Card from American Express if you ask me. It makes the cut as a value-packed option for everyday shoppers.
Credit cardholders normally earn 6% cashback on grocery shopping (up to $6,000 per year) and on online streaming subscriptions. If you’re signed up for multiple streaming services like most people do these days —earning cashback on these subscriptions could be a nice way to earn some cashback on your credit card.
Additionally, the Blue Cash Credit Card also rewards you for local traveling by offering 3% extra cashback on travel-transit and gas. Plus, they also offer a $300 sign-on bonus for the spending of $3,000 within the first six months, 0% APR on purchases for the primary 12 months, and also the $95 annual fee is waived the primary year.
If you’re wondering if the Blue Cash Preferred Card from American Express is true for you, we’re near to break down what you would like to grasp.
Blue Cash Preferred Credit Card from American Express:
American Express Blue Cash Preferred
Fees and interest rates are subject to change. However, at the time of publishing, these are the terms and conditions:
- Annual fee: $95 (waived the first year)
- APR: 13.99% to 23.99%
- Cashback: 6% cashback at U.S. supermarkets (up to $6,000 per year in purchases, and excludes warehouses, superstores, and specialty stores), 6% on select U.S. streaming services, 3% at U.S. gas stations, 3% on transit, and 1% on everything else
- Intro offer: 0% APR on new purchases for the first 12 months, and earn a $300 statement credit if you spend $3,000 within the first six months
- Foreign transaction fee: 2.7%
- Learn more about the Blue Cash Preferred Card
Who should get the Blue Cash Preferred Card?
The Blue Cash Preferred Card from American Express is good for families and commuters since you get 6% on grocery shopping (up to $6,000 per year) and 3% for transit and gas.
OTT platform subscribers will also feel less guilty about paying for several video, music, and audiobook subscriptions because by using the Blue Cash Preferred credit card you can earn an unlimited 6% cashback on those subscriptions.
Shoppers who decide to make an oversized purchase within the near future could also find that the introductory bonuses (0% APR for 12 months and $300 if you spend $3,000 within six months) are helpful.
Suppose YouTube DIY channels inspire you to try and do a lightweight kitchen remodel. you may purchase items for the project on your card, get the $300 bonus if you spend over $3,000, and slowly pay off the balance during the 12-month 0% APR period. Just remember that after a 0% APR period, interest jumps up to the quality rate, and you ought to follow your plan of paying off the whole balance therein timeframe.
What benefits do you get with the Blue Cash Preferred Credit Card?
Blue Cash Preferred cardholders get 6% on Netflix, Hulu, and other select U.S. streaming subscriptions.
The Blue Cash Preferred Card gives you 6% cashback on the primary $6,000 you spend on groceries every year. which means if your budget is around $100 every week, you’ll fit comfortably under the spending cap—groceries beyond that limit earn 1% cashback. The grocery category excludes warehouses, superstores, or specialty stores, like Walmart, Amazon, BJ’s Club, or the local fish market.
You also get a limitless 6% cashback on U.S. streaming services, including Apple Music, AT&T TV Now, Audible, CBS All Access, Disney+, Hulu, Netflix, and more.
The card gives you another 3% cashback at U.S. gas stations and on transit, including taxis, ride-shares, buses, trains, and more. Note that this bonus category doesn’t cover airfare. On all other spendings, you earn 1% cash back.
It’s important to illustrate that this card has an annual fee of $95 after the primary year. So, to create the foremost of this card, you wish to create sure you spend enough to offset that yearly expense.
If you’re using this card primarily for the grocery rewards, which means you would like to spend a minimum of $1,583 within the category annually to interrupt even. the number you spend beyond $1,583 on groceries (and everything else) is all cash back profit.
Cash back accumulates as Blue Cash Reward Dollars that may be used for an announcement credit or, in some cases, gift cards.
What perks does one get with the Blue Cash Preferred Card?
American Express is understood for cardholder benefits and features. Cardholders with the Blue Cash Preferred get the subsequent perks:
- Pre-qualify without a credit check: You can apply to pre-qualify for the Blue Cash Preferred Card without affecting your credit. Keep in mind, for your official application, the issuer may pull your credit score, which could temporarily knock it.
- Free credit score: American Express offers weekly credit score updates free of charge so you can keep track of where you stand.
- Car rental loss and damage insurance: If you use your card to pay for a rental car, it may be covered from theft or damage.
- Global Assist® Hotline: The assistance hotline offers 24/7 medical, legal, and financial assistance when you travel 100 miles from your house.
- Fraud protection: If someone uses your card without authorization, you may not be held responsible for fraudulent charges.
- Online account management: American Express offers an online account dashboard where you can review transactions, monitor your rewards balance, and view annual spending.
How does the Blue Cash Preferred Card compare to other cards?
The Blue Cash Preferred Card offers one in every of the best grocery cashback categories among competitors, but there’s an annual spending cap and an annual fee to factor into the equation. At the instant, there’s a $0 introductory annual fee for one year, then $95 following that.
For this card to be worthwhile, you wish to spend enough to hide the fee with rewards. this might not be as easy to try and do if you’re single otherwise you tend to use debit instead of credit to form store purchases.
If you’re hesitant to arrange a card with an annual fee, several other cards with a grocery category don’t have a fee. as an example, the PenFed Platinum Rewards Visa Signature® Card offers 5x per dollar on gas, 3x per dollar on groceries, and 1x per dollar on everything else.
We’re also a devotee of the Blue Cash Everyday® Card from American Express, which offers 3% cashback on groceries, 2% at U.S. gas stations and choose U.S. shops, and 1% on everything else.
Alternatively, if you’re an enormous spender and worried the $6,000 annual Blue Cash Preferred Card grocery cap is just too limiting, the American Express® Gold Card can be another choice. It offers 4x points on dining, 4x points on groceries up to $25,000 per annum, and 1x points on everything else. While American Express Gold Card includes a $250 annual fee, it backs it up with perks like Uber credits, dining credits, and no foreign transaction fee.
What are the cons does the Blue Cash Preferred Card have?
The Blue Cash Preferred Card is Reviewed’s best credit card for groceries.
Rewards credit cards are generally for consumers with good credit or better. If you’re unsure whether you’re eligible, American Express makes it easy to pre-qualify online for the cardboard, and therefore the pre-qualification won’t hurt your credit score.
Bulk shoppers beware—the grocery category doesn’t include Walmart, BJ’s Club, or the other superstore or warehouse store. If you shop heavily at Walmart or another superstore, getting a unique store-specific card or flat-rate card may well be the higher move.
A few examples: The Capital One Walmart Rewards® Card offers 5% cashback at Walmart.com (online and pickup), 2% in stores, and 1% on everything else. The Amazon Prime Signature Rewards matches that card rate for Prime members who buy at Whole Foods or order through Amazon Fresh. and therefore the Citi Double Cash card offers a limitless 2% cashback on all purchases (1% after you make an acquisition, and 1% once you pay it off).
If you shop across many stores—Walmart, Costco, Target, or Sam’s Club—a flat-rate card could facilitate your maximize cash back everywhere with no limiting conditions.
How does the Blue Cash Preferred Card rank in our reviews?
The Blue Cash Preferred Card is our greatest MasterCard for groceries because it offers the best cash-back rate among competitors. This card is worth it even with the fee—you only have to spend about $131 per month to earn enough rewards to hide that fee.
The Blue Cash Preferred Card also provides high value outside of the grocery category. The 6% cashback on streaming might be helpful if you notice streaming services are getting a big household expense. And commuters who travel in many alternative ways (by car, train, ride-share, or bus) can all enjoy 3% cashback within the gas and transit category.
So, must you open a Blue Cash Preferred Card?
The Blue Cash Preferred Card is one of the most effective cards around for everyday household expenses. If you’re someone who’s buying a cash-back MasterCard to hide day-to-day purchases and not hotel stays or travel, this might be an honest addition to your wallet. Just ensure to review your past spending and project future spending to make sure you’ll swipe the cardboard enough to create the fee worthwhile.
Learn more about the Blue Cash Preferred Card
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Please note: The offers mentioned above are subject to alter at any time and a few may not be available.
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