New Amex Blue Cash Preferred Card: 6% Cash Back at Stand-Alone Supermarkets
Amex appears to be in the midst of revamping its Blue Cash card, removing the older version from its website and replacing it with two brand new Blue Cash credit cards, the Blue Cash Everyday and Blue Cash Preferred.
The new Blue Cash Everyday card has no annual fee and no minimum spending requirements. It earns a 3% rebate at stand-alone supermarkets, 2% at stand-alone gas stations and select major department stores and 1% everywhere else.
The Blue Cash Preferred, on the other hand, has a $75 annual fee and earns a 6% rebate at stand-alone supermarkets, 3% at stand-alone gas stations and select major department stores and 1% everywhere else.
Rebates are earned in the form of Reward Dollars, which may be redeemed for statement credits, or additional items like merchandise and gift cards, whenever your available Reward Dollar balance is 25 or more.
The big difference between the new generation and the previous generation of the card, apart from the category changes, is that Amex has removed the tiered rebate structure. Whereas the old Blue Cash required annual spend of at least $6500 before you started earning 5% at gas stations, grocery stores and supermarkets and 1.25% everywhere else, the new versions have no such tiers. That means that from your first dollar in spend, you’ll earn 6% at supermarkets with the Preferred card (3% for the Everyday card), thus making it a more attractive option for lower or more moderate spenders.