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A New Reason to Consider Signing-Up for This Card Before June 15, 2016

A New Reason to Consider Signing-Up for This Card Before June 15, 2016

Million Mile SecretsA New Reason to Consider Signing-Up for This Card Before June 15, 2016Million Mile Secrets Team

Update:   This offer is no longer available.  Check our Hot Deals for the latest offers. 

Via Reddit, the annual fee for the Blue Cash Preferred® Card from American Express card will increase from $75 to $95 for folks who apply after August 3, 2016.

A New Reason To Consider Signing-Up For This Card Before June 15, 2016
You Might Want to Apply Soon Because the Annual Fee for the AMEX Blue Cash Preferred Card Looks to Be Going Up!
Here’s more about the card and the annual fee increase.

Higher Annual Fee for the AMEX Blue Cash Preferred Card

Link:   Blue Cash Preferred Card from American Express

I wrote about a better sign-up bonus for the AMEX Blue Cash Preferred card that’s ending June 15, 2016.

And it looks like the the annual fee is going up for applications received after August 3, 2016!

So if you’re considering this card, it’s worth signing up before June 15, 2016, to get in on the higher bonus and save the $25 increase on the annual fee.

I do NOT know if current cardholders will have their annual fee increased also.  But I’ll let you know if I find out!

More About the AMEX Blue Cash Preferred Card

Apply for the AMEX Blue Cash Preferred card by June 15, 2016, and you’ll earn $150 back (as a statement credit) after meeting minimum spending requirements.

You’ll also earn up to an additional $200 back by getting 10% back at US wireless telephone service providers, on the first $2,000 in purchases made on the your card, until December 31, 2016.

The current $75 annual fee is NOT waived the first year.

Other bonuses include:

  • 6% cash back at US supermarkets (up to $6,000 per year, then 1%)
  • 3% cash back at US gas stations and select US department stores
  • 1% cash back on everything else
  • Terms and restrictions apply

It adds a 2.7% foreign transaction fee.  So it’s NOT a good card to use abroad.

In the short-term, this is a good deal if you’re going to spend a lot on cellular service before the end of the year.

In the long-term, you might like this card because you earn 6% back at US supermarkets (on up to $6,000 in spending per year).  That can really add up!

If you spend the maximum for 6% back at supermarkets, you’ll earn $360 cash back ($6,000 X 6%).  So even with a $95 annual fee, you’ll come out ahead.

You can read my review of the card here.

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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