American Express adds new 6% cash back category to popular credit card

American Express Blue Cash Preferred Credit Card
Image Credit: American Express

American Express is adding two cash back categories and dropping one from its popular Blue Cash Preferred credit card.

American Express Blue Cash Preferred changes

Starting May 9, new and existing cardholders will receive 6% cash back on select U.S. streaming subscriptions like Netflix and Hulu, and 3% cash back on transit purchases like Uber and Lyft.

However, the card will no longer offer 3% cash back at select U.S. department stores after July 31, 2019.

Launched in 2011, Blue Cash Preferred is popular for its 6% cash back at U.S. supermarkets on up to $6,000 in purchases per year. That valuable perk will continue.

Here’s what the American Express Blue Cash Preferred Card will offer:

  • 6% cash back at U.S. supermarkets (on up to $6,000 in purchases then 1%)
  • 6% cash back on select U.S. streaming subscriptions [NEW]
  • 3% cash back at U.S. gas stations
  • 3% cash back on transit, including parking, tolls, trains and rideshares [NEW]
  • 1% cash back on other purchases

“The Blue Cash Preferred has been one the top cash back credit cards for many years, but it’s become a bit outdated recently,” said credit card expert Jason Steele. “The most frugal shoppers that this card appeals to are also likely to be those who subscribe to streaming services rather than cable, and are using shared ride services and public transportation. At the same time, most cash conscious cardholders aren’t too likely to spend much at major department stores in malls, and they probably won’t miss the removal of this bonus category.”

Along with the bonus category changes, Blue Cash Preferred is getting a new design and will feature contactless payment.

This card has a $95 annual fee. American Express says new cardholders who apply and are approved after May 9 will receive a welcome bonus of $250 after spending $1,000 on purchases in the first three months.

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