The American Express Blue Cash Preferred no longer earns 3% cash back at department stores. It’s not immediately clear if the change is effective immediate for existing cardholders or if it will be phased out but the earning rate is no longer being advertised for new cardholders. These purchases will earn the flat 1% cash back instead. This card also earns:
- 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1% back)
- 3% cash back at U.S. gas stations
We’ve reach out to American Express to clarify what will happen for existing cardholders (update we haven’t heard back from American Express officially but it looks like existing cardholders are keeping this benefit for now).