If you spend a lot on groceries each month, the Blue Cash Preferred® Card from American Express could be a good fit for your wallet because it offers one of the highest cashback rates around for U.S. supermarket purchases. It also offers generous cash back on select U.S. streaming services, as well as a solid rate on transit and gas.
Intro Purchase APR
0% on purchases for 12 months
Regular Purchase APR
18.74%-29.74% Variable
Intro BT APR
0% on balance transfers for 12 months
Regular BT APR
18.74%-29.74% Variable
Annual Fee
$0 intro annual fee for the first year, then $95.
Cash Advance Fee
Either $10 or 5% of the amount of each cash advance, whichever is greater.
Foreign Transaction Fee
2.7% of each transaction after conversion to US dollars.
Balance Transfer Fee
Either $5 or 3% of the amount of each transfer, whichever is greater.
Generous cashback rewards
Earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply.
If you max out the $6,000 spend threshold at U.S. supermarkets each year, you’ll earn $360 back annually on those purchases alone — which more than covers the card’s annual fee each year.
You receive cash back on the Blue Cash Preferred® Card from American Express in the form of reward dollars that you can redeem as a statement credit. You can redeem reward dollars for statement credits in increments of 25 whenever your total balance is 25 or more, at a credit of $1 for every reward dollar redeemed.
The transit category includes:
The streaming category includes:
Valuable welcome offer
New cardmembers earn a $250 statement credit after you spend $3,000 in purchases on your new card within the first 6 months. We should note, while most cards require you to reach the spend threshold within the first 3 months of card membership in order to earn the welcome offer, this card gives you 6 months.
Intro APR on purchases
If you need to finance a big purchase, it’s helpful that the Blue Cash Preferred® Card from American Express offers an intro APR of 0% on purchases for 12 months. After, a 18.74%-29.74% variable APR applies.
To see rates & fees for Blue Cash Preferred® Card from American Express please click here.
Limit on higher cashback rate
After you spend $6,000 at U.S. supermarkets, the cash back you earn on the Blue Cash Preferred® Card from American Express for that category drops from 6% to 1% for the rest of the year.
Annual fee
This card charges an annual fee of $0 intro annual fee for the first year, then $95.. If you spend $1,585 on purchases eligible for 6% cash back, you’ll earn enough to recoup amount of the annual fee.
However, if you don’t spend enough in the cashback categories to make the annual fee worth it, you may prefer the Blue Cash Everyday® Card from American Express, which also earns rewards on purchases at U.S. supermarkets (though at a lower rate) and has a $0 annual fee.
Foreign transaction fee
When traveling abroad, it’s better to leave this card at home, because there’s a foreign transaction fee of 2.7% of each transaction after conversion to US dollars.
$25 minimum redemption
Some cards allow you to redeem your rewards in any amount, but the Blue Cash Preferred® Card from American Express requires a $25 minimum redemption.
To see rates & fees for Blue Cash Everyday® Card from American Express please click here.
For consumers who want generous rewards on supermarket purchases, streaming, transit and gas, the Blue Cash Preferred® Card from American Express is hard to beat.
However, if a card that rewards dining, entertainment and grocery store purchases is more your speed, the Capital One SavorOne Cash Rewards Credit Card could be a better fit for your needs.
Earn 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases.
The Capital One SavorOne Cash Rewards Credit Card also lets you earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening. You can redeem your cash back as statement credits, checks, credits toward previous purchases, and gift cards, or to shop online with PayPal using the PayPal Pay with Rewards feature.
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Apply Now on American Express's secure site
Terms Apply
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Apply Now on Capital One's secure site
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Apply Now on American Express's secure site
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Apply Now on Discover's secure site
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| Annual Fee | |||
| $0 intro annual fee for the first year, then $95. | $0 | $0 | $0 |
| Welcome Offer | |||
| Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. | Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening | Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. | Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300. |
| Rewards Rate | |||
| 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. | 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases | 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%. 1% cash back on other purchases. Terms apply. | 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically |
| Intro Purchase APR | |||
| 0% on purchases for 12 months | 0% intro on purchases for 15 months | 0% on purchases for 15 months | 0% Intro APR for 15 months |
| Regular APR | |||
| 18.74%-29.74% Variable | 19.24% - 29.24% (Variable) | 18.74%-29.74% Variable | 16.49% - 27.49% Variable APR |
| Intro Balance Transfer APR | |||
| 0% on balance transfers for 12 months | 0% intro on balance transfers for 15 months | 0% on balance transfers for 15 months | 0% Intro APR for 15 months |
| Regular Balance Transfer APR | |||
| 18.74%-29.74% Variable | 19.24% - 29.24% (Variable) | 18.74%-29.74% Variable | 16.49% - 27.49% Variable APR |
| Balance Transfer Fee | |||
| Either $5 or 3% of the amount of each transfer, whichever is greater. | 3% | Either $5 or 3% of the amount of each transfer, whichever is greater. | 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* |
| Recommended Credit | |||
| Excellent/Good | Excellent/Good | Excellent/Good | Excellent/Good |
| Card Details | |||
| Blue Cash Preferred® Card from American Express | Capital One SavorOne Cash Rewards Credit Card | Blue Cash Everyday® Card from American Express | Discover it® Cash Back |
The Blue Cash Preferred® Card from American Express offers one of the most generous cashback rewards around for purchases in the supermarket category. In addition, it’s a great choice for commuters whether you travel by train, bus, or car thanks to its transit and gas rewards. Just do the math and make sure you spend enough in the cashback categories to recoup the annual fee after the first year of having this card.
To see rates & fees for Blue Cash Preferred® Card from American Express please click here.
To see rates & fees for Blue Cash Everyday® Card from American Express please click here.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
