American Express is one of the most iconic credit card providers globally, known for offering a range of cards catering to different spending habits, lifestyles, and financial goals. Whether you’re looking for a rewards card to maximize cash back on everyday purchases or a travel card loaded with perks, American Express has an option for you.

In this article, we’ll delve into various American Express credit cards, such as the Blue Cash Preferred® Card and the Platinum Card®, highlighting their key features, advantages, and how to apply for them.

American Express cards aren’t just about spending; they’re about enhancing your lifestyle, whether through travel rewards, entertainment perks, or cashback on your grocery runs. With flexible payment plans and no hidden fees, these cards make managing your finances easier, while also giving you the chance to earn valuable rewards with every swipe.

Main information about the American Express Blue Cash Preferred® Card

The Blue Cash Preferred® Card is one of the most popular choices for those who want to make the most out of their everyday spending. This card stands out for its high cashback rewards on essential categories, such as groceries and gas. The card offers:

• 6% cash back at U.S. supermarkets (up to $6,000 per year)
• 6% cash back on select streaming services
• 3% cash back on transit expenses
• 3% cash back at U.S. gas stations
• 1% cash back on all other purchases

These benefits are designed to reward you for purchases you’re already making, allowing you to enjoy cash back on things like your weekly grocery bill or your commute to work. Additionally, American Express gives cardholders access to a variety of exclusive perks through their Amex Offers program, where you can earn extra rewards on qualifying purchases.

How does the annual fee work?

One of the most common questions about credit cards is how their annual fees work. In the case of the Blue Cash Preferred® Card, there’s an introductory offer: no annual fee for the first year, and then a fee of $95 each year after that. This upfront waiver gives cardholders a chance to experience the benefits before committing to the annual cost.

For those wondering if this fee is worth it, it’s important to consider the value of the rewards. With just $500 in grocery purchases each month, you could easily earn back the annual fee within the first few months. That’s on top of the additional cash back from gas, streaming services, and other purchases.

How is the credit limit determined?

American Express, like many other credit card issuers, determines your credit limit based on several factors. Your creditworthiness plays a big role, which includes your credit score, income, and credit history. For most people, this means that the better your financial profile, the higher your initial limit will be.

American Express may also periodically review your account to increase your limit if you demonstrate responsible use, such as paying your bill on time and keeping your balance low. If you ever need a higher limit, you can request one through their app or website, but approval is not guaranteed.

Benefits of the American Express Blue Cash Preferred® Card

This card offers a host of advantages for everyday spending, making it an excellent choice for families or individuals with regular expenses in specific categories. Here’s a breakdown of the top benefits:

• 6% cash back on groceries: Perfect for anyone who spends a lot at the supermarket.
• 6% cash back on streaming: Popular services like Netflix, Disney+, and Hulu are included.
• 3% cash back on gas: If you drive frequently, this is a huge perk.
• 3% cash back on transit: Ideal for city dwellers who use public transport.
• 1% cash back on everything else: Even your small purchases add up.
• Introductory APR: Enjoy 0% APR on purchases for 12 months.

Highlighted advantage: High Grocery Cash Back

What truly sets the Blue Cash Preferred® Card apart is its 6% cash back at U.S. supermarkets. With grocery bills being one of the largest expenses for many households, this benefit can significantly impact your budget.

Unlike other cards that might cap rewards at a lower percentage or category, this card allows you to earn up to $360 back annually just from grocery shopping alone (on up to $6,000 in purchases). After you hit the limit, you’ll still earn 1% cash back.

This cash back is automatically converted into Reward Dollars, which you can redeem as statement credits, meaning you see the savings directly in your account. Whether you’re a family stocking up for the week or a foodie who enjoys home-cooked meals, this perk can save you a substantial amount over time.

Disadvantages of the American Express Blue Cash Preferred® Card

While the American Express Blue Cash Preferred® Card offers a ton of value, it’s important to note a few drawbacks:

• Annual fee after the first year: $95, which may not appeal to everyone.
• Foreign transaction fees: This card is not ideal for international travel.
• Spending caps on cash back: Groceries are capped at $6,000 annually for 6% cash back.
• Not widely accepted internationally: American Express is not as universally accepted as Visa or Mastercard in some parts of the world.

Highlighted disadvantage: Foreign Transaction Fees

One downside of the Blue Cash Preferred® Card is the foreign transaction fee, which is 2.7% of every purchase made abroad. If you frequently travel internationally, this can add up quickly. For a more travel-friendly option, American Express offers other cards, like the Platinum Card®, which has no foreign transaction fees and comes with a host of travel perks.

Who can apply for the American Express Blue Cash Preferred® Card?

To apply for the American Express Blue Cash Preferred® Card, you must meet the following criteria:

• Be at least 18 years old (or 21 if you reside in Puerto Rico)
• Have a valid Social Security Number
• Reside in the United States
• Have a good to excellent credit score, typically 670 or higher
• Not currently be delinquent on any American Express accounts

This card is best suited for individuals with solid credit who are looking for a high-reward card to optimize their everyday spending.

How to apply for the American Express Blue Cash Preferred® Card

Online

You can visit the American Express website and fill out the application form. It typically takes just a few minutes, and you’ll know if you’re approved almost instantly. One great feature is that applying will not impact your credit score unless you decide to accept the card.

Through the App

If you prefer, you can apply via the American Express app. This option is convenient if you’re already an Amex customer or prefer managing everything from your phone.

In Person

While not as common, you can also apply at certain American Express partner locations or during special promotional events.