I receive compensation for content and many links on this blog. Citibank is an advertising partner of this site, as is American Express, Chase, Barclays and Capital One. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same). Terms apply to the offers and benefits listed on this page.
American Express has updated earning with the Blue Cash Preferred® Card. Along with that is an increased initial bonus of a $300 statement credit after spending $3,000 in purchases within the first 6 months of card membership. This is a limited-time offer that expires December 10, 2020.
In addition, while the card normally comes with a $95 annual fee the limited-time offer through December 10 includes a $0 introductory annual fee for one year as well. (see rates and fees)
Moving from a $250 up front bonus you can earn, and to a $0 first year fee, is a net improvement of $145. Put another way the effective offer nearly doubles ($250 – $95 annual fee = $155, to $300 with $0 first year fee).
Last year they improved earning on the card as well:
- 6% Cash Back on select U.S. streaming subscriptions
- 6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
- 3% on transit including taxis/rideshare, parking, tolls, trains, buses
- 3% Cash Back at U.S. gas stations
- 1% cash back on other purchases