If you have good to excellent credit and are looking for a card that offers big-time rewards on everyday spending then this card from our partner will be tough to beat. It offers incredible cash back rates on groceries, streaming services, gas and transit too.
Up to 6% Cash Rewards
The Blue Cash Preferred® Card from American Express (a CardCritics advertiser) offers extraordinary cash back rates. You’ll earn a massive 6% back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%), 6% back on select U.S. streaming subscriptions, and 3% back at U.S. gas stations and on transit (this includes taxis, rideshares, parking, tolls, trains, buses and more). All of your other eligible purchases will earn you 1% back.
$250 Cash Rewards Bonus
To sweeten the deal, you can earn $250 back after you spend $3,000 in purchases on your new card within the first 6 months. You will receive your cash back in the form of statement credits.
Generous Introductory APR
The savings keep piling up since you will also pay no interest your first year with an amazing 0% intro APR for 12 months from the date of account opening on purchases and balance transfers. After that 12 months, a 18.24%-29.24% Variable APR will apply based on your creditworthiness and other factors.
Is the Annual Fee Worth it?
If you’re worried about taking on a card with an annual fee, let us put you at ease. You only need to spend $30.44 a week on groceries to cover the cost of the $95 annual fee with your cashback earnings. Plus the fee is waived for your first year. The 6% you earn on that incredibly low weekly amount nets you $95 in cash back a year, basically canceling out the fee. That still leaves another $265 in cash back you can earn at the 6% rate if you max out that $6,000 spending cap (you’ll keep earning 1% after the cap is hit). Add in what you’ll earn with the other 6% and 3% categories and it makes it an even easier decision.
The generous cash back elements and the intro APR offer may be what excite you most about applying for the Blue Cash Preferred® Card from American Express, but it’s worth noting that the benefits don’t come close to stopping there. American Express offers great perks so select ‘Apply Now’ to view the full list of benefits.
670 – 850*
6% Cash Back on select U.S. streaming subscriptions.
3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
1% Cash Back on other purchases.
Other Cash Back Options
If you are in the market for a flexible cash back card without an annual fee then the Blue Cash Preferred® Card from American Express is tough to beat. Since it is always good to compare your top options, we have rounded up some other compelling cash back that may appeal to you as well.
Unlimited 2% Cash Back
This card from Wells Fargo is an exciting option that also has a $0 annual fee. You will earn an unlimited 2% cash rewards on purchases which means there are no activation requirements for special categories or monthly caps to worry about. Earning 2% rewards on all of your purchases is tough to beat making it a stand out option for anyone looking for a low maintenance cash rewards card that will allow you to accumulate cash rewards really quickly. There is also a sign-up bonus worth $200 in cash rewards that can be earned by spending at least $1,000 in the first three months after you are approved. It also offers a 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 19.24%, 24.24%, or 29.24% variable APR will apply.
Excellent Cash Back Option for Poor or Limited Credit
The no annual fee Discover it® Secured Credit Card allows you to earn cash back while you build your credit with responsible use. You will Earn 2% back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. You will also earn an unlimited 1% back on all other purchases. Making it even more enticing, the cash back you earn your first year will be automatically matched. There is no credit check to apply and you establish your credit line by providing a refundable security deposit of at least $200. Discover also starts automatic reviews of your account after seven months to see if you are eligible to transition to an account without a security deposit.
As you can see, it is a great time to be in the market for a new cash back credit card. Issuers are really stepping up their game and offering incredible perks to win your business. Credit card offers like this often don’t stick around forever so we suggest applying for one of these stand-out options today.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.