Jordan November 12th, 2019

Our Take

NerdWallet rating ?
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.

4.5

The bottom line: If you're OK with a shorter interest-free window, other cards earn ongoing rewards or feature lower balance transfer fees.
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Blue Cash Preferred® Card from American Express

ANNUAL FEE

$ 95

REGULAR AFR

INTRO APR

$250

RECOMMENDED CREDIT SCORE
690-850

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Quick Facts

  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • NEW 6% Cash Back on select U.S. streaming subscriptions.
  • NEW 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%
  • $95 annual fee.
  • Terms Apply.
  • View Rates and Fees

Pros & Cons

Pros

  • Leading cash-back rewards at U.S. supermarkets
  • Bonus offer for new cardholders
  • Intro APR period on Purchases and Balance Transfers

Cons

  • Has annual fee — but if you spend more than $31 per week at U.S. supermarkets, the rewards offset the fee
  • American Express isn’t accepted at as many merchants as Visa or Mastercard
  • $25 minimum redemption
Compare to Other Cards
Blue Cash Preferred® Card from American Express
RECOMMENDED CREDIT SCORE

690- 850

Best For

CASH BACK AT U.S. SUPERMARKETS AND U.S. GAS STATIONS

Annual fee

$ 95

Rewards rate

1%-6%

Intro Offer

$250

Pros

Pros

  • Leading cash-back rewards at U.S. supermarkets
  • Bonus offer for new cardholders
  • Intro APR period on Purchases and Balance Transfers

Cons

Cons

  • Has annual fee — but if you spend more than $31 per week at U.S. supermarkets, the rewards offset the fee
  • American Express isn’t accepted at as many merchants as Visa or Mastercard
  • $25 minimum redemption

Chase Freedom®
RECOMMENDED CREDIT SCORE

690- 850

Best For

5% BACK ON ROTATING CATEGORIES

Annual fee

$ 0

Rewards rate

1%-5%

Intro Offer

$150

Pros

Pros

  • No annual fee
  • 5% rewards on rotating categories
  • Access to Chase’s Ultimate Rewards site to earn more cash back

Cons

Cons

  • If you value simplicity, a flat rate cash back card may be better
  • A foreign transaction fee

Discover it® Cash Back
RECOMMENDED CREDIT SCORE

800- 937

Best For

A FIRST-YEAR CASH BACK MATCH FOR NEW CARDMEMBERS

Annual fee

$ 0

Rewards rate

1%-5%

Intro Offer

Cashback Match™

Pros

Pros

  • Cash back match at the end of your first year
  • Bonus cash back categories
  • No annual fee
  • Intro APR period on Purchases and Balance Transfers

Cons