You get 6% cash back at U.S. supermarkets, on up to $6,000 a year in spending. After you hit the cap, supermarket spending earns 1%. Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics, the average U.S. household of four spends about $6,200 on food at home annually and hundreds more on housekeeping supplies and personal care products. So a family of four could easily max out their 6% rewards, which alone is worth $360 in cash back.
Streaming services that stream in rewards
Streaming services rewards have no cap on the 6% cash back. If you have subscribed to services like Hulu, Netflix, Pandora or Spotify, you'll save money if you pay with the Blue Cash Preferred® Card from American Express.
The 3% cash back at U.S. gas stations is also among the highest you can get anywhere. What’s more? These rewards aren’t capped either.
Bonus offer for new cardholders
The Blue Cash Preferred Card from American Express offers a welcome bonus, something that not all of its cash-back competitors do: Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Terms Apply.
This sounds all cool. But what about the downside of getting this card?