I recently upgraded my American Express credit card to the Blue Cash Preferred Card. At first, I was reluctant due to the annual fee of $95. However, what intrigued me about this card was that it offers 6% back on groceries for your first $6,000 spent. All remaining grocery purchases will then receive 1% cash back. It also offers 3% back when you make a transit purchase (taxi, ride-share, parking, tolls, trains, buses, etc.)
I took out a calculator and did the math. I know I spend at least $100 a week on groceries. Using this card will save me at least $6 a week (6% x $100 = $6). With 52 weeks in a year, I will receive at least $312 in cashback (52 x $6). This more than makes up for the annual fee of $95 since I spend far more than $100 a week at the grocery store and also spend money on transportation each month.
The Blue Cash Preferred Card is also the best choice if you are in the U.S.A. and are streaming TV shows, movies, and music. You can receive 6% back on the following streaming services: Amazon Music Unlimited, Apple Music, Apple TV+, Audible, Disney+, CBS All Access, HBO Max, HBO Now, Hulu, Kindle Unlimited, MLB. TV, NBA League Pass, Netflix, Pandora, Prime Videos, Showtime, Sling TV, Spotify, Sticher, YouTube TV, SiriusXM, and more. The full list can be found here.
For all other purchases other than grocery, transit, or streaming services, the card pays 1% cash back. In addition, American Express also provides exclusive offers to ticket pre-sales and access to events for American Express customers only.
As an added bonus, any who signs up through this link, will receive $250 if you spend $1,000 within three months of opening your card. The bonus will be applied as credit to your statement.
Apply for an American Express Card with this link.
Disclosure: This post contains affiliate marketing links. The product is currently being used by the author as well.