The Blue Cash Preferred® Card from American Express is a great choice for consumers with good to excellent credit who are looking for attractive cash back rates.
What to Like
The Blue Cash Preferred® Card from American Express pays out 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 3% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back everywhere else. Cardholders can also earn a $200 statement credit after spending $1,000 on purchases in the first three months, all with no rotating categories.
Look Out For
The card also includes a 3% ($5 minimum) fee for balance transfers and a 2.7% foreign transaction fee.