The Blue Cash Preferred® Card from American Express offers a whopping:
- 6% Cash Back at US supermarkets up to $6,000 per year in purchases
- 3% cash back on gasoline at at US gas stations and at select US 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 and balance transfers for 15 months. After that, your APR will be a rate of 12.99% to 21.99% Variable based on on your creditworthiness.
The regular Blue Cash Everyday® Card from American Express gives you 50 reward dollars AND a one year membership to Amazon Prime (for new Amazon Prime members ONLY) after spending $1,000 in eligible purchases in the first 3 months. Earn Cash Back: 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply. Also the card does not have an 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.
Blue Cash Preferred® Card from American Express Card application link
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