Why You’d Want To Get The Amex Blue Cash Preferred Right Now

- Oct 16, 2020 Credit Cards0 comments

Promoting!

 

I’ve always promoted the Amex Blue Cash Preferred card, but now I’m promoting it even louder. Last week Amex has released a new offer, higher than ever; earn $300 after $3,000 spent within the first 6 months and get the $95 annual fee waived the first year! Plus, get 0% APR on purchases for up to 12 months! This offer makes it an absolute no brainer for someone spending a lot on groceries.

Here Is Why – 6% Cashback On Groceries

 

As a cardmember of the Amex Blue Cash Preferred card, you’ll get 6% cash back at US supemakets on purchases of up to $6,000 annually.

Even after you deduct the $95 annual fee (which you’ll start paying only the second year of your card membership as the fee is waived the first year), you will still earn a whopping number of cashback at a bit over 4%, more accurately 4.41%, on groceries.

If you spend more than $6,000 a year in grocery then you might want to consider applying for another Amex Blue Cash Preferred card or you can ask your spouse to get one as well, effectively you will up your limit to $12,000 annually.

Comparing The Blue And The Gold

 

The Amex Gold card offers 4 points on groceries on up to $25,000 spent annually, to see how the Amex Blue Cash Preferred still beats it. Let’s assume the average American, the child-rearing family spends $12,000 annually on groceries.

With The Amex Gold card – 4x at US Supermarkets, you will earn the following:
  • $12,000 spent = 48,000 points
Now if you value Amex Membership Reward points at 1.5 then your total earning will be $720
  • Now let’s deduct the $250 annual fee $720 $250 = $470
Lets to the same calculation with the Amex Blue Cash Preferred
We are assuming the same as before that you are spending $12,000 a year on groceries and to get around the $6,000 spending cap mentioned above you apply for two Blue Cash Preferred credit cards
Here is what you will be earning:
  • $12,000 spent = $720
  • Now let’s deduct the $95 x 2 annual fee (remember we got two Blue Cash Preferred cards) $720 $190 = $530
The winner? Blue Cash Preferred!

But please note the following three points
  • The Amex Gold will work better for someone spending an amount more than $12,000 but less than $18,000 or $24,000 because as long as you cant maximize the full $6,000 cap on each Blue Cash Preferred Card you need to still deduct the $95 fee which will change these numbers significantly.
  • With the Amex Blue Cash Preferred card, you earn cashback but with the Amex Gold card, you earn Membership Reward points. We value Amex Membership Reward points at 1.5 cents per point but your personal value for MR points might be either higher or lower depending on how mile savvy you are. So you will need to recalculate the results based on your own value
  • We deducted the full annual fees assuming that you sign up for the credit card just to earn bonus points on grocery spend. The Amex Gold and Blue Cash Preferred both have a lot of other side benefits that might justify the annual fee. You can check out the list of benefits on the detailed credit card page Amex Blue Cash PreferredAmex Gold Card


Return Protection

 

Another reason I promote the Amex Blue Cash Preferred is because of the return protection benefit. This is the cheapest Amex card that offers return protection as a benefit unless you’re an Amazon Prime member, in that case, you will get return protection for no annual fee on the Amazon Prime Business card. Otherwise, you get to enjoy this benefit for no annual fee the first year, then $95, with the Amex Blue Cash Preferred.
It’s a great benefit and my personal favorite. I’ve used it on several purchases some worth as much as $200. The best part is that Amex did not even require me to return the item they just gave me a refund! It comes in really handy when you’re unhappy with a purchase which the store or company won’t take back anymore. All you have to do is file a claim with Amex and they’ll refund the money to you, max $300 per claim, $1,000 per year.

Some More Benefits

 

The joys of the Amex Blue Cash Preferred don’t end with the grocery cashback and return protection. Here are some more:

  • Get a refund on a purchase that’s been damaged or stolen within 90 days of purchases with purchase protection.
  • Get a year’s worth of protection added to the manufacturers’ warranty, that’s if the manufactures warranty covers 5 or fewer years. Max $10,000 each claim, $50,000 per year.
  • Get secondary worldwide coverage on auto rentals damaged in a collision.

If your a grocery shopper, the Amex Blue Cash Preferred is for sure a card worth a look at, but get it today to take advantage of the all-time high offer!

List Of  Kosher Groceries And How They Code

 

Borough Park and Flatbush

  • Appels – Groceries
  • Bingo – Wholesale Stores (does not earn as a grocery)
  • Center Fresh – Groceries
  • Einhorns – Groceries
  • Gourmet Glatt – Groceries
  • Goldbergs – Groceries
  • KRM – Groceries
  • Kosher Discounts – Groceries
  • Mountain Fruits Of Brooklyn – Groceries
  • Mittelmans – Groceries
  • South Side Food Plaza – Groceries
  • Moshes Discounts – Groceries
  • Yidels – Groceries

Williamsburg

  • Arons Kissena Farm – Groceries
  • Bondos 24 – Groceries
  • Bedford Gardens – Groceries
  • Chesnut – Groceries
  • Lefkowitz Grocery – Groceries
  • Satmar Fleish – Groceries
  • S Kahan Grocery – Groceries
  • W Fresh – Groceries

Monsey

  • Brand New Day – Groceries
  • Evergreen Kosher- Groceries
  • Hatzlacha – Groceries
  • Madanim Supermarket – Groceries
  • Rockland Kosher- Groceries
  • Redelicious Supermarket- Groceries

Monroe

  • Refresh – Groceries
  • Grand Food Market – Groceries
  • Landau’s – Groceries

Lakewood

  • Bingo – Wholesale Stores (does not earn as a grocery)
  • Evergreen – Groceries
  • Gourmet Glatt South – Groceries
  • Gourmet Glatt North – Groceries
  • Kosher Village – Groceries
  • Kosher West – Groceries
  • NPGS – Groceries
  • Seasons – Groceries

If you have any additional information about grocery stores not listed please submit them in the comments below. You can always check how a store is categorized after you log-in to your account and you click on the transaction.

 

 

 

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Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

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