Multiple reports indicate that the increased $95 annual fee will apply to existing Blue Cash Preferred (BCP) customers starting August 3.
Amex is publicly mentioning that the annual fee on the BCP will go up from $75 to $95 on August 3, but we were hopeful that existing cardholders would be grandfathered in at the lower rate.
However, it’s now confirmed by reader Sam and Redditsnoopy on Reddit that BCP monthly statements are now showing that the annual fee will increase for existing cardholders as well starting August.
Anyone who gets hit with an annual fee before August 3 will pay the lower $75 annual fee, after that it goes up to $95.
My annual fee is coming soon, and I was debating whether to pay it or not. Since the demise of manufactured-spend opportunities in 2016, I find myself with less of a need for grocery bandwidth. I’ll probably downgrade my BCP to save the annual fee, and just use my Old Blue Cash card.
