Posted by William Charles on March 19, 2017
Credit Card Offers

Published on March 19th, 2017 | by William Charles

56

[YMMV] American Express Blue Cash Preferred $150 Upgrade Offer

The Offer

Direct link to offer

  • American Express are offering some Blue Cash Everyday cardholders the opportunity to upgrade to Blue Cash Preferred and get the following bonus:
    • $150 cash back after you spend $1,000 within the first three months

blue cash preferred

Card Details

  • Annual fee of $95
  • Card earns at the following rates:
    • 6% cash back at U.S. supermarkets (up to $6,000 in spend annually, then 1%)
    • 3% cash back at U.S. gas stations and select U.S. department stores
    • 1% back on all other purchases

Our Verdict

You’ll want to read these two posts before considering this:

The good thing about upgrade offers is that they don’t do a hard pull and you’re also able to get the bonus if you’ve already had the card before (and can get the bonus in the future if you haven’t had the card before). If I got this offer I’d probably take it, you’re getting $55 after $1,000 in spend when you take into account the annual fee of $95 but you’re also getting access to 6% in cash back at U.S. supermarkets. If you can’t take advantage of that bonus grocery store spend, the offer is definitely less enticing. If anybody knows of any other upgrade links, share them in the comments please.

Hat tip to Churner Co



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UPS guy
UPS guy

Question is if you’ve maxed out the 3% on the non preferred this year already, does this reset your 6k grocery category spend for your new 6% upgrade. Another issue is the preferred version used to be $75, now it’s $95. The preferred cash back comes to $360 – $95 = $265, the non AF version nets you $180, so $85 difference if grocery is maxed. You also lose 1% difference in the gas/department store category. Take into consideration other cards ( Freedom next quarter), will have 5% back groceries on a no anuual fee card.

Ted
Ted

Recently I downgraded from BCP to BCE and was told $6k spend would be reset. Therefore I assume it also works in the other way.

Eric
Eric

Did your pending 6% from the last month you held the BCP post to your account the next month after the downgrade?

Peter
Peter

I thought if you take an upgrade offer without having held the card before you become ineligible for a new card member bonus for that product in the future.

Need_DoC_comment
Need_DoC_comment

Same. I’m afraid Doc’s source is wrong on this one. Can you confirm, DoC?

Vic
Vic

I thought so too.

Doc can we get a confirmation of this piece of information?

eclipsor
eclipsor

does the AF hit right away? would it be possible to close the card or PC it before it hits?

Carlos
Carlos

Its not enough to get me to upgrade.
Im a card keeper..

Mickey Groom
Mickey Groom

Upgrade now and bank the $55. Use the extra 3% at supermarkets for 11ish months. Downgrade back to the Blue Cash Everyday. Voila…

Carlos
Carlos

Oh wait, you can downgrade???
I wasnt aware of this.
Free $55 on mine and my wifes card.

Dave
Dave

+1
I’ve had this offer two or three times already.
Deleted them.

Rob
Rob

Will this increase my 5/24 number?

eclipsor
eclipsor

no, open date won’t change

dan
dan

to confirm, for now upgrade will still be eligible for new card bonus in future?

Sa
Sa

I do not think so. That’s why i have not taken that offer. Plus 5% groceries is comming to Chase freedom for the next three months.

MarcoPolo
MarcoPolo

I received a 25000 points after $1000/3 months spend for MRG card when logged into my Blue Cash Everyday card account.
Didn’t accept it. I am holding out for 50,000/$3000/3 month offer.

MarcoPolo
MarcoPolo

^^^ Meant Amex PRG.

Ferris
Ferris

Could you hypothetically continually switch between BCP and BC non-AF?

Day 1: Get BCP, spend $6,000
Day 31: Change to non-AF
Day 366: Change to BCP, spend $6000

Repeat. This way you would only get charged the AF for 1-2 months out of the year.

Rob
Rob

AMEX doesn’t prorate annual fees anymore

Ariel
Ariel

I believe they still do for upgrades/downgrades. Just not for cancellations.

Steve
Steve

Thank you!
Worked for me.

Gene
Gene

” We’re sorry. The system is currently not responding. Your business is important to us. Please try again later. We apologize for the inconvenience. ”

anyone else receiving this error after logging in through the “direct link to offer” in this post?
thanks

mark
mark

Yes have gotten this message multiple times with different browsers.

P
P

Did this show up when you clicked the link above?

I think that means you’re not targeted.

joe
joe

DoC,

AmEx actually credited me the $150 and sent me a letter saying they wouldn’t charge me the $95.

P
P

I’ve had the card before and it’s showing up for me. Of course, the upgradable card I have is the OBC

jay
jay

Im confused. I received the upgrade offer on my BC to BCP for $150. I’ve never had a BCP. could I get this $150 then sign up for the $250 BCP card ?

Jags4186
Jags4186

No. If you take the upgrade offer for $150 you will not be able to get the $250 welcome bonus later.

You need to sign up for the $250 offer first then do the upgrade offer.

LTL
LTL

rep told me that annual fee will be prorated for first year after Upgrade until anniversary of original no AF BC. meaning, if originally signed up for BC in July and Upgrade now in March they will only charge you 4.5/12 of the annual fee. haven’t confirmed yet; but that’s what rep told me unsolicited.

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