This particular credit card from American Express is among the list of the elite cashback credit cards available today, and it is most ideal for families, as it offers a 6% cashback at all U.S. supermarkets and up to $6,000 spending each year.
The cashback can be received in the form of reward dollars, or it can be redeemed as statement credit whenever your rewards amount to $25. You can also get some gift cards and merchandise whenever you want to.
However, please note that this card has an annual fee of $95, but with all the benefits you will enjoy with the card, this is almost worth it. Read on to learn more about the American Express Blue Cash Preferred Card, and how you can apply for it.
American Express Blue Cash Preferred Credit Card Features
This card is leading in the industry with cashback rates at supermarkets. This is actually its main allure. You can earn 6% cashback when you use the card at any U.S. supermarkets, and up to $6,000 a year. Once you hit the cap though, you will revert to earning 1% cashback.
Discounts on Streaming Services
When you use the card to pay for your streaming services, such as Netflix, Pandora, and Zulu, you will save big money on discounts. Additionally, you will still earn the 6% cashback for the payments you will make with the card.
The credit card will earn you a 3% cashback for purchases made at U.S. gas stations, and this is one of the highest cashback rewards you will get for that. These rewards are not capped, which means that you can earn them all year round.
New cardholders will be treated to a welcome bonus offer. You will earn a $300 credit when you spend $3,000 on purchases within the first 6 months with the card.
American Express Blue Cash Preferred Credit Card Eligibility
To become eligible for this credit card, you must first ensure that you have a good credit score of at least 670, a stable income, U.S. citizenship, and you need to be at least 18 years old or older.
How to Apply for the American Express Blue Cash Preferred Credit Card
To apply for the card, simply log onto the company website and fill the application form with your full name, address, social security number, mobile phone number, annual income, and income source.
Kindly log on to the American Express website and fill out the application form, as you learn more about this card.
Interest Rates and Fees
When applying for a credit card, it is important to be aware of the fees and interest charged. Below is a list of fees that come with this credit card.
- APR for purchases: 0% introductory APR for the first 12 months from the date of account opening, then it will 13.99% to 23.99%
- APR for cash advances: 25.24%
- Penalty APR: 29.24%
- Plan fee: 0% introductory plan fee on each purchase moved into a plan during the first 12 months after account opening, then your plan fee will be up to 1.33% of each purchase
- Annual fee: $0 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 U.S. dollars
- Late payment: up to $40
- Returned payment: up to $40
To find out more about the American Express Blue Cash Preferred Credit Card it is advisable to contact them directly. The American Express company can be contacted by calling 1 (800) 528-4800. Their head address is 200 Vesey Street, New York, NY 10285-3106.
This card is ideal for people who specifically shop at U.S. supermarkets as opposed to those who do not travel a lot, and people who are looking for huge returns in terms of cashback.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.