Award System

Cash in Cents

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Bank

American Express

Bank Details »

Reconsideration Phone
800.528.4800

Breaking Points

Bonus Points Minimum Spend Point Value Annual Value Annual Fee 1st Year Value
25,000 $3,000 1.0 ¢ $2 $0 $282
Best Value Differentiating Perks Rules
Delta & Hilton transfers 6% bonus at U.S. supermarkets limited to $6,000 in purchases per year Amex 4 Credit , Amex 3/90 , No 5/24 , Amex 1/10
Most Recent Special Offer: 35,000 Bonus Points for $3,000 spend ended Oct 2022
Card Type: Personal, Cash

Spend Categories

All Other = »

1X points
1¢ Per Dollar Spent

Entertainment and Streaming - »

6X points
6¢ Per Dollar Spent

Gas Stations = »

3X points
3¢ Per Dollar Spent

Grocery Stores + »

6X points
6¢ Per Dollar Spent

Rideshare and Transit = »

3X points
3¢ Per Dollar Spent

Card Benefits

Car Rental Insurance »
Secondary car rental insurance when you pay for the entire rental with your Blue Cash Preferred
Purchase Protection »
If it is within 90 days of your purchase date, then you could get up to $1,000 back per claim up to $50,000 per account per calendar year.
Extended Warranty »
Enjoy up to 1 additional year on the original manufacturer’s warranties of 5 years or less.

Point Transfer Options

Transfer To Spouse/Partner Yes

Transfer To Friends Yes

Travel Partner Transfers

Outside Point System Cash in Cents

Transfers In From
Point Transfer Options
Amex Member Rewards

1:1 71% value retained

Point Transfer Options
Barclay Miles

1:1 100% value retained

Point Transfer Options
Capital One Miles

1:1 91% value retained

Point Transfer Options
Chase Ultimate Rewards

1:1 63% value retained

Point Transfer Options
US Bank Flex Perks

1:1 83% value retained

Point Transfer Options
Wells Fargo Go Far Rewards

1:1 67% value retained

Why You Might Want This Card

The Amex Cash Card

Here we have an amex card that is completely cash back. The annual fee is present. There is a sign up bonus, it’s small, but there. And, you do get a high return on certain categories like 6% back at grocery stores and streaming subscriptions. Benefits include Travel Accident/car rental insurance and Purchase/Return Protection.

When Your Cash is Blue

Redemption comes in the form of Reward Dollars that can be used toward a statement credit. The sign up credit is $250 but if you consider the $95 annual fee that’s not waived the first year, that bonus starts to diminish. The 6% back at U.S. Supermarkets is pretty great but it caps out at $6000, so if you spend over $115/week on groceries, you won’t be getting the most value out of this particular category.

Bottom Line

Here is the catch, Amex has a once in a lifetime sign up bonus, so we normally don’t recommend you signing up for an Amex card unless it has a Special Sign-up Offer, the highest I’ve personally seen for this one is $300 sign up bonus, which is nothing to write home about. Basically, we do not recommend getting this one. There are too many negatives about it, with a cap on the grocery category, an annual fee and a hit to your credit. Plus your rules will begin to tip, there are 3 Amex rules and this will count against your Chase 5/24 rule. Getting this card really just doesn’t add up.

Application Rules

Amex will decline your application if you already have 4 credit cards (not charge) and apply for a fifth

You'll be declined if you apply for a fourth Amex card in 90 days

Card approval not subject to 5-personal-cards-in-24-months rule

Amex allows only 1 bonus per specific card per lifetime (yours or that version of the card)

What to Know Before Canceling

There are some unique and high multipliers if you have a high regular spends to match. If most of your spends are for card bonuses, this might be worth saving the $99. Just make sure you have a card that supports and Amex Miles you have left (or trans

Breaking Points

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