Blue Cash Preferred® Card: Is It Worth $95?

American Express recently revamped the Blue Cash Preferred® Card to offer competitive point multipliers when it comes to everyday purchases at U.S. supermarkets, U.S. gas stations, and on select transit expenses.

Is the Blue Cash Preferred® Card from American Express worth the $95 annual fee?

Important Note: The Blue Cash Preferred earns cash back only, and NOT Membership Rewards points.

Blue Cash Preferred® Card Calculator

Ask Sebby crunches the numbers for you to calculate the Expected Value of the Blue Cash Preferred® Card from American Express. For the expected value of cash back, we derive the approximate dollar value based on the numbers you enter in the calculator. Scroll down to the end of the post to see our methodology.

The calculator below contains default figures and serve as an example only. Users should insert their own data for the most accurate results.

Welcome Offer and Eligibility

The Blue Cash Preferred® Card from American Express has a public welcome offer of $250 statement credit after spending $1,000 on the card within the first three months of account opening.

American Express has a “once in a lifetime” welcome offer rule. To qualify for this offer, you must not currently have the card and/or have received a previous Blue Cash Preferred® Card welcome offer.

If you attempt to apply and you are greeted with a pop-up that says you aren’t eligible for the welcome offer, then you will not receive one.

Calculation Methodology

The results from the above calculator are based on your ability to reach the minimum spend requirement to earn the welcome offer, your amount of spend on different categories, and how much relative value you assign to the other benefits.

The “Years” referenced in the calculator refer to the cardmember year, based on when you are approved for the card.

  • Year 1 = first 12 months of card membership

  • Year 2 = the following 12 months afterward

Blue Cash Preferred® Card from American Express

  • Welcome offer: $250 statement credit after $1,000 in spend within the first 3 months

  • Point Multipliers:

    • Earn 6% cash back on select U.S. streaming subscriptions

    • Earn 6% cash back at U.S. Supermarkets, up to $6,000 per year, then 1%

      • Does NOT include superstores and warehouse clubs

    • Earn 3% cash back on transit including rideshare, parking, tolls, trains, buses, and more

      • Does NOT include airfare, car rentals, and cruises

    • Earn 3% cash back at U.S. gas stations

      • Does NOT include superstores, supermarkets, and warehouse clubs that sell gasoline

    • Earn 1% cash back on all other purchases

  • Other Benefits:

    • Extended warranty program

    • Purchase protection

    • Free credit score

  • Terms apply

Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities. 

UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.”