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 on up to $6,000 per year in purchases (then 1%), 3% at gas stations and select department stores 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 a $95 annual fee. The card also includes a 3%, Min: $5 fee for balance transfers and a 2.7% foreign transaction fee.