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The Blue Cash Preferred® Card from American Express is the best in class for grocery buyers and is one of the best cash-back cards available right now. There’s currently an offer for a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. See all card bonus offers here.
This card offers 6% cash back on up to $6,000 per year in purchases at U.S. supermarkets and 3% cash-back at U.S. gas stations. New benefits for this card include 6% cash back on select U.S. streaming subscriptions and 3% cash back on transit (e.g. taxis/rideshare, parking, tolls, trains, buses and more). You’ll earn 1% cash back on everything else.
The plan fee for the first 12 months is $0 and will be 1.33% of each purchase amount moved into a plan based on various factors such as plan duration, the APR that would otherwise apply, and others.
Your annual fee for the Blue Cash Preferred® Card from American Express will be $0 for your first year of Card Membership. After the first year, your annual fee will be $95. See Rates & Fees, Terms Apply.
With the expanded bonus rewards categories, the Blue Cash Preferred card is one of the best on the market. But, seek out another option if a good chunk of your spending doesn’t correlate well with this card’s bonus rewards categories.
CAPITAL ONE® SAVOR® CASH REWARDS CREDIT CARD
The Capital One® Savor® Cash Rewards Credit Card is offering a $300 bonus when you spend $3,000 on purchases within the first 3 months.
This card earns unlimited 4% cash back rewards on dining and entertainment spending. You’ll get 2% cash back at grocery stores and 1% on all other purchases.
There are no foreign transaction fees and the annual fee is waived for the first year. The fee is $95 after the first year.
The Blue Cash Preferred $150 Welcome Offer
With the Blue Cash Preferred Card from American Express, you get a $150 statement credit when you spend $3,000 in purchases within your first 6 months. The bonus is earned in the form of Reward Dollars that can be redeemed as a statement credit.
*Compare all top card bonuses here.
Meeting the $3,000 spending requirement should be fairly easy within the 6 month time frame, but here are some ideas if needed.
Bottom Line
One of the most negative aspects of this card is the high annual fee (introductory annual fee of $0 the first year, then $95). If we look at what you would need to spend in order to break even, it equates to around $31 per week just on groceries. This figure is more than attainable even for those without families to shop for.
If your family spends a lot on gas, this is a great card to use. Spend $200 monthly on gas and you’ll earn around $72 annually.
If the annual fee is a real sticking point for you, then you might want to consider applying for the Blue Cash Everyday® Card from American Express instead. This card has no annual fee but does offer a little less in terms of the cash back rates, offering 3% on U.S. supermarkets up to $6,000 annually. Two general cash back cards (no categories to keep up with) with no annual fee to consider are the Capital One® Quicksilver® Cash Rewards Credit Card and the Chase Freedom Unlimited®.
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Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.