Amex upgrades welcome bonus on Blue Cash cards

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While many banks are upping sign up bonuses on their travel credit cards to new highs, American Express is responding by boosting the welcome bonuses on some of its top cash back cards.

Today, Amex has launched elevated bonuses on the Blue Cash Everyday® Card from American Express and Blue Cash Preferred® Card from American Express.

Blue Cash Preferred increased welcome bonus

With the Blue Cash Preferred® Card from American Express you’ll earn a $300 statement credit after you spend $3,000 in purchases on your new card within the first 6 months for a limited time. The $95 annual fee is also waived for the first year (see rates and fees). Offer ends Dec. 10, 2020.

That’s up from the normal $250 bonus, plus the card normally doesn’t waive the annual fee for the first year.

The Blue Cash Preferred is a solid option for the current times while we’re mostly stuck at home since it offers 6% cash back at U.S. supermarkets on up to $6,000 per calendar year in purchases (then 1%). That’s one of the best returns on grocery spend. If you can max out that out, you’ll earn $360 on grocery purchases alone.

The Blue Cash Preferred® Card from American Express also earns bonus cash back in the following categories:

  • Earn 6% cash back on select U.S. Streaming subscriptions
  • Earn 3% cash back on Transit, including taxis/rideshare, parking, tolls, trains, buses and more
  • Earn 3% cash back at U.S. Gas Stations
  • Earn 1% cash back on all other purchases

Basically, you’re guaranteed at least $300 from the card in the first year if you can meet the minimum spending requirements plus another $360 if you can max out the grocery category bonus. If you aren’t satisfied with the card when the annual fee comes around, you can always downgrade to the no-annual-fee Blue Cash Everyday® Card from American Express.

Read our review of the Amex Blue Cash Preferred.

Blue Cash Everyday increased welcome bonus

For the Blue Cash Everyday® Card from American Express you’ll earn a $200 statement credit after you spend $1,000 in purchases on your new card within the first 3 months. The bonus is $50 higher than normal.

The card doesn’t come with an annual fee (see rates and fees) and has solid earning rates in popular bonus categories. It earns cash back at the following rates:

  • Earn 3% cash back at U.S. supermarkets on up to $6,000 per calendar year in eligible purchases (then 1%)
  • Earn 2% cash back at U.S. gas stations
  • Earn 2% cash back at select U.S. Department Stores
  • Earn 1% cash back on all other purchases

Read our review of the Amex Blue Cash Everyday.

Which card should you get?

Since the Blue Cash Preferred® Card from American Express comes with a higher welcome bonus and waives the annual fee for the first year, I’d recommend going with that card. You’ll also get more value from the bonus categories. After the first year, you could pretty easily walk away with $660 in cash back just from the welcome bonus and spending at U.S. supermarkets.

However, the Blue Cash Everyday® Card from American Express is a solid option for those who don’t expect to spend at least a couple thousand dollars at grocery stores per year and who want to avoid an annual fee.

Bottom Line

More credit card bonuses are better for consumers, and it’s great to see that it’s not only travel cards that are getting larger sign-up bonuses. If you prefer cash back to travel points or airline miles, these new card offers are definitely worth considering.

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

For rates and fees of the Blue Cash Everyday card, click here.

Featured image by Nattanan Kanchanaprat / EyeEm / Getty Images.

Brendan Dorsey is a contributor to Million Mile Secrets, he covers topics on points and miles, credit cards, airlines, hotels, and general travel.

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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