CARD REVIEW | Last reviewed October 22, 2026
QUICK TAKE
Blue Cash Preferred is a cash-back card for U.S. household spending, especially eligible supermarket and streaming purchases. Its first-year annual fee is waived, but the recurring $95 fee makes it important to compare the card with the no-fee Blue Cash Everyday and your actual category spend.
ANNUAL FEE
$0 introductory annual fee for the first year, then $95 per year.
REWARDS AND BENEFITS
Earn 6% Reward Dollars at U.S. supermarkets on up to $6,000 in eligible purchases each calendar year, then 1%; 6% on eligible select U.S. streaming subscriptions; 3% at U.S. gas stations and on transit; and 1% on other eligible purchases. An enrolled card may provide up to $10 monthly ($120 annually) in Disney streaming statement credits for qualifying subscriptions, subject to terms. Reward Dollars are cash back and can be redeemed as statement credits; they are not transferable travel points.
WHO IT MAY SUIT
Consider it if you regularly spend at eligible U.S. supermarkets and streaming services, can use the monthly credit without adding subscriptions, and earn enough extra cash back to cover the $95 ongoing fee. Compare your likely annual rewards against Blue Cash Everyday, which has no annual fee but lower category rates.
TRADEOFFS
The supermarket bonus is capped at $6,000 a calendar year; stores such as warehouse clubs and superstores generally do not qualify as supermarkets. The streaming credit requires enrollment and eligible subscriptions. The card charges a foreign transaction fee, so it may not be the best card to use abroad. Count only credits you would naturally use.
REFERRAL OFFER
https://americanexpress.com/en-us/referral/blue-cash-preferred-credit-card?ref=ANDREP86DS&xl=cp01
The offer and eligibility can vary. Check the live referral page for the exact card terms and offer.
SOURCES
American Express current card terms and rewards: https://www.americanexpress.com/us/credit-cards/card/blue-cash-preferred/
American Express comparison with Blue Cash Everyday: https://www.americanexpress.com/en-us/credit-cards/credit-intel/blue-cash-preferred-vs-blue-cash-everyday/
Review comparison context: The Points Guy, Blue Cash Preferred vs. Blue Cash Everyday: https://thepointsguy.com/credit-cards/credit-card-showdown-amex-blue-cash-preferred-vs-everyday/
Independent quick-take / strengths / tradeoffs review; not affiliated with American Express or the publications cited.