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The Blue Cash Preferred card is suited for a family man looking for a credit card that can help you and your family fulfil their financial commitments.
American Express’s Blue Cash Preferred Card is a smart cashback card that rewards our daily routine behaviours with plenty of perks and large numbers. This is in bonus for the reward points the card offers. For example, the Blue Cash Preferred Card could allow you to attain your tasteful desires if you prefer to prepare your food rather than buy it.
Don’t worry; there is always something in store for our needs. The Blue Cash Preferred card is suited for a family man looking for a credit card that can help you and your family fulfil their financial commitments.
Benefits of Blue Cash Preferred Card
Firstly, an American Express Bule Preferred Card is a one-stop shop where you get 6% cashback on shopping for $6000 at supermarkets. Here is what has excluded: supermarkets such as Walmart and Target, wholesalers such as Costco. Further purchases yield only 1% for those who hit the cap (reach the $6000 mark).
Secondly, the card provides you with 6% cashback on some of the U.S. streaming services. Although this list of services is not that bad, it is unlikely that you will receive high-earning rewards if you are not a media junkie who subscribes to all of them.
Thirdly, this card gives a 3% reward on public transportation, United States fuel stations, and a 1% reward. Unfortunately, there are no alternatives with this card for a balance transfer.
The welcome bonus can be used to offset the annual charge when assessing the overall value of this card choice.
Car rental loss and damage insurance and a global aid hotline are included in the card’s travel feature for individuals who are more than 100 miles from home in challenging conditions.
No registration is necessary, and cashback is automatic.
Families can truly take advantage of this card if they elect to buy other things at the supermarket, change their TV-subscription charge from inadmissible cable and satellite to permissible streaming services and charge all shopping for local cables and gas to the card.
Drawback of Blue Cash Preferred Card
The Blue Cash Preferred Card has one disadvantage: rewards may only be redeemed as $25 minimum statement credits and are not encouraged towards minimum payments. Unfortunately, these criteria are followed by most Amex cards that do not offer Membership Rewards, Amex’s transferable point system.
If your primary card is this card, bear in mind the foreign transaction fees of 2.7 percent. In addition, America Express remains not as widely recognized worldwide in comparison with other issuers.
- It is a 0% introductory APR card for the first 12 months’ purchases. This makes it competitive in a low-introducing market (13.99% – 23.99% variable APR).
- It costs 95 dollars annually after the first year. Therefore, it Is manageable if you can afford to spend 31 dollars a week alone on food.
- Cash advance: either $10 or 5%, whichever is higher, of the entire cash advance.
- Foreign Transaction Charges: After the conversion to US dollars, 2.7 % of each transaction is paid as a fee.
The American Express Blue Cash Preferred card is for shopping in supermarkets or using streaming services frequently or both.