Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace.

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! :)

The Increased Welcome Offer and New Bonus Categories Make the Blue Cash Preferred Annual Fee Seem Trivial in Comparison

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

The Increased Welcome Offer and New Bonus Categories Make the Blue Cash Preferred Annual Fee Seem Trivial in Comparison

Jason StaufferThe Increased Welcome Offer and New Bonus Categories Make the Blue Cash Preferred Annual Fee Seem Trivial in ComparisonMillion Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

INSIDER SECRET: With the new bonus categories, the Blue Cash Preferred® Card from American Express is now one of the best cards for earning cash back on US streaming services.

The Blue Cash Preferred® Card from American Express is geared toward folks who spend a lot on at US supermarkets, streaming services and gas in the US and transit – and like to earn cash back rewards.

Those are big expenses in most households, especially if you have a large family. And because these common expenses are bonus categories, it’s not hard to spend enough to offset the Blue Cash Preferred annual fee of $95 (See rates & fees).

That said, you’ll also earn a $250 statement credit after spending $1,000 on purchases in the first 3 months of account opening. And if you like the rewards setup, this card has some of the best returns in the most popular spending categories.

That’s why it’s one of the best grocery credit cards for US supermarket purchases for cash back.

The cash rewards you can earn at US supermarkets can easily make the Blue Cash Preferred annual fee worth it

How to Easily Offset the Blue Cash Preferred Annual Fee

Apply Here: Blue Cash Preferred® Card from American Express

Our review of the Blue Cash Preferred

The Amex Blue Cash Preferred card comes with a $250 statement credit after spending $1,000 on purchases in the first three months of account opening.

And you’ll earn:

  • 6% cash back at US supermarkets (up to $6,000 in purchases per calendar year, then 1% cash back)
  • 6% cash back on select US streaming services
  • 3% cash back at US gas stations and on transit purchases (subway, taxis, tolls, ride sharing, and more)
  • 1% cash back on everything else
  • Terms Apply
You can earn 6% cash back on up to $6,000 per year at US supermarkets (then 1%). That’s $360 right back in your pocket!

At US supermarkets, you can earn 6% cash back on up to $6,000 in spending each year (then 1%). At the maximum, that would mean $360 in cash back rewards ($6,000 X 6%).

And it breaks down to $500 per month, which is a low number for spending at US supermarkets. And you’d only need to spend ~$132 a month on purchases at US supermarkets to have the $95 annual fee “pay for itself” (~$132 X 12 months X 6%) – everything else is cash back in your pocket!

Plus, you’ll earn unlimited 3% cash back at US gas stations and on transit purchases, such as:

  • Ride sharing services like Uber and Lyft
  • Parking
  • Taxi cabs
  • Train fares
  • Tolls
  • Ferries
  • Buses
  • Subways

Not only that, but purchases with select US streaming services earn unlimited 6% cash back, including:

  • Amazon Music
  • Apple Music
  • Audible
  • CBS All Access
  • Direct TV Now
  • ESPN+
  • Fubo TV
  • HBO Now
  • Hulu
  • iHeartRadio
  • Kindle Unlimited
  • MLB.TV
  • NBA League Pass
  • Netflix
  • NHL.TV
  • Pandora
  • Prime Video Unlimited
  • Showtime
  • Sling TV
  • SiriusXM Streaming and Satellite
  • Spotify
  • YouTube Music Premium
  • YouTube Premium
  • YouTube TV

Be aware that if you pay for a streaming service through a third party or as part of a bundled package, you might not earn the bonus cash back.

Take a look at our in-depth review of the Amex Blue Cash Preferred to see everything you get with this card.

And Who Should NOT Get the Amex Blue Cash Preferred?

If you’re new to miles & points, note this card will count against your Chase 5/24 status, which means you won’t be approved for most Chase cards if you’ve opened 5+ cards from any bank in the past 24 months (excluding Chase small business cards and certain other small business cards).

We recommend starting with Chase credit cards for this reason. They have some of the most rewarding travel cards out there!

Also, Amex is known for only approving most folks for ~5 credit cards – so this card will count for one of your slots. And there are lots of very rewarding American Express credit cards, like the The Platinum Card® from American Express, which earns valuable American Express Membership Rewards points. So consider if you’d like the Amex Blue Cash Preferred to be one of your 5 Amex card picks.

And obviously, if you don’t spend enough in the bonus categories to justify the annual fee, you should skip this card. That said, if you spend enough to cover the annual fee (which isn’t much), it’s a solid card worth adding to your collection.

Bottom Line

The break-even point to cover the Amex Blue Cash Preferred card’s annual fee is ~$132 per month in spending at US supermarkets and on select US streaming services, which most families easily exceed. You’ll earn 6% cash back on up to $6,000 in spending per year at US supermarkets (then 1%), and an uncapped 6% cash back on select US streaming services, plus 3% cash back at US gas stations and on transit expenses.

If those bonus categories make up the bulk of your spending each month, this is an excellent card to consider for cash back rewards. Remember, you’ll also earn a $250 statement credit after spending $1,000 on purchases in the first 3 months of account opening, which will help offset the annual fee for the first couple of years.

And if you’re looking to earn miles or points rewards for your US supermarket spending, be sure to browse our list of the best grocery credit cards.

You can apply for the Blue Cash Preferred here.

For the latest tips and tricks on traveling big without spending a fortune, please subscribe to the Million Mile Secrets daily email newsletter.

For rates and fees of the Blue Cash Preferred Card, please click here.

Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • New 6% Cash Back on select U.S. streaming subscriptions.
  • New 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%
  • $95 annual fee.
  • Terms Apply.
  • See Rates & Fees
Terms Apply | Rates & Fees

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! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

1comment

by Newest
by Best by Newest by Oldest

The referral bonus offer is $300 instead of the $250 listed in this article.

Citi Busines AA - Banner

AMEX Platinum  Banner

Capital One Venture Bannerr