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This Card Offers More Cash Back for Streaming Services and Groceries Than Any Other

The Blue Cash Preferred® Card from American Express offers 6% cash back at U.S. supermarkets and 3% back at U.S. gas stations and transit purchases.

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Monthly spending looks a little bit different for each one of us. Some households spend a lot of money on groceries, while others prefer to eat at restaurants every chance they get. No matter what your household budget looks like, though, chances are that you can surely benefit from the cash back offered by the Blue Cash Preferred® Card from American Express.

Let’s take a look at what the Blue Cash Preferred® Card from American Express has to offer and why it might be the right one to add to your wallet next.

Quick Navigation Overview Benefits Rewards Rate Purchase Benefits Introductory 0% APR Annual Fee Welcome Offer Blue Cash Everyday vs. Preferred Review

Blue Cash Preferred Card Overview

For the average household, the Blue Cash Preferred Card is a lucrative choice. It rewards individuals, couples and families who typically spend at supermarkets and gas stations, or who subscribe to various U.S.-based streaming services. It also offers cash back to those who utilize public transportation, whether in the form of toll roads, rails or even ride-sharing.

This doesn’t mean it’s the right card for everyone, though. If the lion’s share of your food budget goes toward restaurant meals, you may be better off choosing a card that offers cash back for dining. If the majority of your annual transportation expenses involve flights, rental cars or cruises, you won’t be able to maximize on what this card has to offer.

The American Express Blue Cash Preferred Card is worth considering if there’s a good chance of recouping the annual fee — and then some, hopefully — over the course of the year. If you don’t feel that you’ll earn at least the $95 fee back in rewards, however, it might be worth looking elsewhere.

Blue Cash Preferred Card Benefits

Rewards Rate

Without a doubt, the biggest selling point of the Blue Cash Preferred Card is the cash-back rate it offers on those necessary everyday purchases.

Cardholders will enjoy earning:

  • 6% on up to $6,000 in U.S. supermarket spending each year (then, it switches to 1% back) — that’s $360 in cash back from this one category alone!
  • 6% on U.S. streaming subscriptions
  • 3% at U.S. gas stations
  • 3% on transit services like buses, parking, tolls, trains, ferries, taxis and ride-share services
  • 1% on everything else

It’s easy to see how the average American household could earn hundreds of dollars a year in cash back just by buying groceries and gas.

Cash back is earned in the form of reward dollars, which can easily be redeemed for statement credits.

Purchase Benefits

Cardholders will also enjoy a number of protections and benefits when using their Blue Cash Preferred Card from American Express. These include:

  • 90-day return protection, for up to $300 per item with a maximum of $1,000 per year
  • Secondary rental car coverage against loss or damage
  • Complimentary ShopRunner membership, offering free two-day shipping from all network retailers
  • Pay It and Plan It, which allow cardholders to eliminate interest charges and spread out repayment for large purchases (a monthly fee applies)

The Blue Cash Preferred Card also offers access to ticket pre-sales and local members-only events, in addition to a 24/7 emergency assist hotline when you travel.

Introductory 0% APR

New cardholders can take advantage of introductory 0% APR offers on both new purchases and balance transfers, for the first 12 months of card ownership. Balance transfers will need to be made within the first 60 days in order to be eligible for the offer.

Annual Fee

If there is any downside to the Blue Cash Preferred Card, it’s probably the annual fee.

Cardholders will pay $95 per year to carry this card. Yes, many cardholders can easily recoup that amount in earned rewards over the course of the year. However, it’s still a hefty fee compared to many of the other everyday cash-back credit cards available today.

Also, note that the annual fee for this card is not waived for the first year of ownership.

Welcome Offer

As of this writing, the Blue Cash Preferred Card is offering a $250 welcome offer to new cardholders. There is a $1,000 minimum spend requirement in order to earn this sign-up bonus, which must be completed within the first three months of opening the account.

Blue Cash Everyday vs. Preferred

One great alternative to the Blue Cash Preferred is its sister card, the Blue Cash Everyday® Card from American Express.

The Blue Cash Everyday® Card from American Express also offers competitive cash back on groceries, giving cardholders 3% back on up to $6,000 in annual U.S. supermarket spending. It also gives 2% back at U.S. gas stations and select department stores, in addition to 1% back on everything else. Read our full review of the Blue Cash Everyday Card.

New cardholders will still enjoy a sign-up bonus ($150 after you spend $1,000 in the first three months) as well as an improved introductory APR offer (0% for 15 months on purchases and balance transfers).

The biggest difference between these two cards, however, is that the Blue Cash Everyday card does not charge an annual fee. If you’re concerned about being able to offset the cost of the Blue Cash Preferred Card, this might be a good alternative for you (just keep in mind that in order to recoup that $95 annual fee, you only need to spend about $31 a week at supermarkets!).

It’s easy to see why the American Express Blue Cash Preferred Card is often referred to as the best family credit card. With high rewards rates for things like groceries and gas, nearly every household can benefit from it. While it does charge an annual fee, its introductory APR offers and 6% cash back make it certainly worth considering.

Bottom Line: Blue Cash Preferred Card Review

It doesn’t matter who you are or where you spend your money: There are a few budget items that almost all of us share.

The first is food, whether you make every meal from scratch or balance home cooking with takeout. The second common expense is transportation. For some of us, that means putting gas in our personal vehicles to get from point A to point B, while others utilize public transit systems like buses, rails or even ride-shares.

Wherever you fall in either of those categories, though, the American Express Blue Cash Preferred Card will still reward you with some of the highest cash-back rates available. Combine that with shopping perks and protections, and it’s easy to see why this card is often touted as the best all-around family credit card on the market today.

While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply.

Ben Luthi
Ben Luthi is a personal finance and travel writer and credit card expert. He has a degree in finance from Brigham Young University and worked in financial planning, banking and auto finance before writing full-time for NerdWallet and Student Loan Hero. Ben is now a full-time freelance writer and enjoys traveling and spending time with his two kids. His work has appeared in several publications, including U.S. News & World Report, USA Today, Money, Success and Slickdeals.

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