American Express Blue Cash Preferred $350 Bonus

The Offer

Direct link to offer

  • Blue Cash Preferred is offering a bonus of $350 after $3,000 in spend within the first six months

Card Details

  • Annual fee of $95 waived first year
  • Card earns at the following rates:
    • 6% cash back at U.S. supermarkets (up to $6,000 in spend annually, then 1%)
    • 6% cash back on select U.S. streaming subscriptions
    • 3% cash back at U.S. gas stations
    • 3% cash back on transit (e.g taxis/rideshare, parking, tolls, trains, buses and more)
    • 1% back on all other purchases
  • You can only get the sign up bonus on American Express cards once

Our Verdict

The best straight bonus on this card before was $300, but there was a $200 + $200 (20% back on Amazon) offered and home furnishing up to $500. This is a good deal if you just want a straight cash offer. We will add this to our list of the best credit card bonuses. There is also a $250 bonus on the everyday card, but not worth considering as there was previously a $350 deal.

Hat tip to Chase-ing UR points

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OST

Approved no hp

Alejandro
Alejandro

I am seeing a $300 bonus, is it expired ?

BBBBB
BBBBB

Try incognito

chum
chum

my cashapp debit card gives me a weekly 10% back on groceries, up to 7.50. as a single guy this works out well for me. i still have the amexblue though lol, found out about cashapp after i applied

EJ
EJ

I already have a Blue Cash card.
Does this mean I’m ineligible for this bonus?

BBK

If what you mean is blue cash everyday card you can get the bonus for this card.

EJ
EJ

Yes, thank you for clarifying and for the response. That is what I meant.

Lisa K
Lisa K

I absolutely love this card…

JMO
JMO

Used to be my favorite card until the ShopYourWay card overtook it and all my other cards… getting 10+% back on gas/groceries/dining just can’t be beat except by CC Subs. I keep this for 6% on streaming though and will definitely switch back to it if the SYW card ever stops the bonus offers on Groceries!

Alex
Alex

10+%? How is it possible?

Jmo
Jmo

You can read more about the card here.
https://www.doctorofcredit.com/citi-sears-credit-card-what-you-need-to-know/

It’s bizarre that the “Sears card” is the card I use for almost all my spending now, but for the last 3 months I had 10% statement credit offer on $600-1000 grocery/gas/dining spending per month, plus an offer for $75 statement credit for spending $2000 over a statement period… those two stack so I was getting 13.75% cashback on my G/G/D spending for that period, Plus, I had/have another offer for 10% back on Utilities spending of $400 or more which stacked with the 75/2000 offer so that was also 13.25% for the payments that hit during that statement period.
So last month alone I received $215 in statement credits. I just got the 10% offer on G/G/D again for the next 3 months.

And that’s all on top of the rewards points you get for purchases on the card which I pile up until end of year and then redeem for giftcards for stocking stuffers.

Alex
Alex

Wow! Cool! Do you have Sears Mastercard Card (with ThankYou Rewards), Shopyourway Card, or some older version ?

Jmo
Jmo

I have the ShopYourWay card.

Avi
Avi

I don’t get the appeal after the first year. Best case scenario is $145 profit vs a 2% no annual fee card on groceries, but grocery is a common 5x/5% rotating category on other cards, it occupies an Amex slot, there’s always a new card bonus out there, etc.

86
86

Also, there’s the unlimited 3% for gas and all the Amex offers.

Avi
Avi

You’d have to spend a whole lot at gas stations and have no way of getting better than the baseline 2% for that to be worth much. It’s an extra $10 back per $1000 spent on gas.

And yes, if this is your only Amex card and you don’t want another one, the Amex offers have value, but I don’t think that describes anyone here.

Mythrol
Mythrol

$350 is a nice bonus though on the low end compared to some others with a $95/yr fee (being waived is good though usually Amex doesn’t do that).

However the bigger issue is due to changes to how Wal-Mart processes their groceries now through their app grocery orders no longer count towards the grocery category. I just product changed out of this card due to this issue.

If you shop at Wal-Mart for most of your groceries then this change basically kills all grocery credit cards. I’ve tested the Amex BCP and the new Citi Custom Cash and neither one processes Wal Mart grocery orders as groceries anymore. Both used to. If you use Walmart for groceries it looks like currently your only option is the Walmart credit card which gives you 5% on all Walmart.com orders. I don’t have it and haven’t tested it yet.

86
86

It still codes as 6% grocery in-store at WNM. I’m surprised it ever coded as grocery through their app at regular WM.

Mythrol
Mythrol

Why? I’ve been doing grocery store pickups through the app for over 2 years and it always worked. The app was split between online orders and groceries so it’d make sense that grocery orders would code as groceries. It’s not like you could add furniture to the groceries order and they’d bring it to you. Most you could do was add toothpaste, deodorant, etc but you can buy that at regular grocery stores too.

Now the app is a jumbled mess of grocery and online all mixed together. Makes sense why it doesn’t code groceries anymore but still kills the card if you have been using grocery pickup all this time.

86
86

Why the surprise? Because you said it was for groceries through a regular Walmart. MCC code for regular Walmart is “discount store”, rather than “grocery store”. If you pickup online orders at a regular Walmart, I wouldn’t think that would code as a grocery store. Obviously it did.

j
j

.

sp
sp

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