The Blue Cash Preferred® Card from American Express offers a whopping:
- 6% cash back on purchases at U.S. stand-alone supermarkets (up to $6,000 per year)
- 3% cash back on gasoline at U.S. stand-alone gas stations and select U.S. department stores
- and 1% cash back on other purchases.
The card has a $75 annual fee, but keep in mind that spending $25 per week at supermarkets, that 6% back can earn over $75 Reward Dollars per year ($78) to pay for the annual fee by itself. If you spend $500 a month at supermarkets, that would net you $360 cash back in a year. The Blue Cash Preferred also has 0% APR on purchases for 6 months. After that, your APR will be a variable rate of 12.99% to 21.99% based on on your creditworthiness.
The regular Blue Cash Everyday® Card from American Express gives you $100 cash back bonus after spending $1,000 in eligible purchases in the first 3 months, pays 3% cash back at U.S. stand-alone supermarkets (up to $6,000), 2% cash back on gasoline at U.S. stand-alone gas stations and select major department stores, and 1% cash back on everything other purchases and has no annual fee.
If you spend less than a combination of $175 per month on groceries and $100 on gas per month, then the Blue Cash Everyday would give you more money back overall. Otherwise, the Preferred above works out better. Both cards offer the simplicity of cash back on the major “need” categories of groceries and gas, great for those that don’t like dealing with rotating categories or don’t travel very much.
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