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