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 supermarkets up to $6,000, 3% at gas stations and 1% cash back everywhere else. Cardholders can also earn a $150 bonus for $1,000 spent in the first three months, all with no rotating categories. There’s also a 0% introductory APR for 12 months on purchases and balance transfers
Look Out For
You’ll have to balance the benefits of the cash back rewards against an annual fee. The card also includes a $5 or 3% (whichever is greater) fee for balance transfers and a 2.7% foreign transaction fee.