How to earn cash back with the Blue Cash Preferred

The Blue Cash Preferred Card earns cash back at the following rates:

  • 6% cash back at U.S. supermarkets, on up to $6,000 per calendar year.
  • 6% cash back on select U.S. streaming subscriptions.
  • 3% cash back on transit includes taxis, rideshare, parking, tolls, trains, buses, and more.
  • 3% cash back at U.S. gas stations.
  • 1% cash back on all other purchases.

The cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or on Amazon.com at checkout.

Key benefits of the Blue Cash Preferred

Here are the main benefits of the Blue Cash Preferred:

  • Disney Bundle Credit: With your enrolled Blue Cash Preferred Card, spend $9.99 or more each month on an auto-renewing Disney Bundle subscription, to receive a monthly statement credit of $7. Valid only at Disney Plus.com, Hulu.com or Plus.espn.com in the U.S.
  • Travel & Purchase Coverage*: Car Rental Loss and Damage Insurance (Secondary), Purchase Protection, Return Protection, and Extended Warranty.

*Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.

Blue Cash Preferred fees

Annual Fee

The Blue Cash Preferred has a $0 annual fee the first year, then $95. See Rates & Fees

If you pay for the Disney Bundle and can make use of the monthly credit, you will make up almost all of this fee and easily more than that with the 6% you'll earn on streaming services for anything spent over the allotted credit.

That aside, you will break even at about $132 in monthly U.S. supermarket shopping. If you spend more than that per month, and most people do, you can easily make up for the annual fee with little effort. Maxing out the bonus is $500 per month which is $360 in Rewards Dollars every year.

Authorized User Fee

The Blue Cash Preferred does not have an authorized user fee. If you have family or friends that frequent U.S. supermarkets or spend across any of the other categories featured on the card, you can easily earn lots of cash back every year.

Foreign Transaction Fee

The Blue Cash Preferred has a 2.7% foreign transaction fee which makes it a bad choice for international travel and spending — most of the categories are U.S.-specific anyway.