Best cash-back card (and up to $350 bonus)

February 1, 2016

6 reasons why SmartCityMoney recommends the Blue Cash Preferred® Card from American Express:

1.) Sign-up bonus
American Express is also offering a special limited-time promotion, a $150 sign-up bonus (redeemable for a $150 credit on your bill) once you have spent $1,000 in the first 3 months, making the total possible bonus $350 even before any rewards points are accumulated.

 

2.) Best Rewards points
The Blue Cash Preferred® Card from American Express earns cardholders 6% cash back at supermarkets in the United States, up to $6,000 per year, then 1%), 3% at gas stations and certain department stores with no limits, and 1% on all other categories,  else. Also receive an unprecedented 10% cash back at wireless phone service providers when you apply by June 15, 2016 (up to $200 cash back). No rotating reward categories. No enrollment required.

 

3.) 0% intro APR
Take advantage of the 0% APR to pay down your balance and save some money on interest. Blue Cash Preferred saves money on interest fees for over a year with a 12-month 0% introductory APR on purchases and balance transfers (pay absolutely zero interest for a full year after a 3% balance transfer fee), making this an attractive card to transfer high-APR cards to.  

 

4.) Security and fraud prevention
Chip-enabled technology allows additional security and fraud prevention, allowing you to make purchases confidently, even when traveling internationally.

 

5.) Low annual fee
A low annual fee of $75 will be more than off-set by introductory bonuses and rewards points with moderate use. 

 

6.) Low Foreign Transaction Fee: 
Only 2.7% of each transaction [after conversion to $USD]

 

Terms and restrictions apply.
0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
$350 back offer Ends 6/15/2016.
Cash back is received on eligible purchases in increments of $25 and is received as Reward Dollars (redeemable for a statement credit). 

 

Overview
The Blue Cash Preferred® Card from American Express offers a maximum 10% cash back; $150 introductory bonus; 0% APR on purchases as well balance transfers for a full year, making it an attractive way for moderate spenders to earn cash back and rewards on their bill. 

 

Our 2 cents:
SmartCityMoney highly advocates the use of credit cards for purchases that are within your budget. When used responsibly, credit cards offer greater protection than a debit card and also greater rewards and benefits than cash. Consider using a credit card like Blue Cash Preferred® Card to accumulate cash back and rewards points. Just make sure you pay the full balance each month. 

 

See if the Blue Cash Preferred® Card makes sense for you.

 

 

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