Blue Cash Preferred Credit Limit: A Comprehensive Review

The Blue Cash Preferred credit limit is a crucial aspect of this popular rewards credit card. It's determined by a combination of factors, including credit score, income, and debt.

You can expect a credit limit of $1,000 to $10,000, with an average limit of around $4,000. This range is based on the card issuer's evaluation of your creditworthiness.

To qualify for a higher credit limit, you'll need to demonstrate a strong credit history and a stable income. This can include a credit score of 700 or higher and a steady employment history.

Keep in mind that the credit limit may also be influenced by your debt-to-income ratio, so it's essential to manage your debt responsibly.

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The Blue Cash Preferred credit card offers a range of benefits that can help you save money and earn rewards.

You can earn a generous cash back reward of 6% on up to $6,000 in purchases per year at U.S. supermarkets, which can add up to $360 in rewards annually.

The card also offers a valuable welcome offer of a $250 statement credit after spending $3,000 in eligible purchases within the first 6 months.

If you need to finance a big purchase, the Blue Cash Preferred card offers an intro APR of 0% on purchases for 12 months, which can be a big help.

Here are some of the key benefits of the Blue Cash Preferred card:

You also get access to Amex Offers, which can help you earn even more cash back on top of your regular earnings.

Additionally, the card includes purchase protection benefits, such as coverage against damage and theft for the first 90 days after purchase, up to $1,000 per covered purchase and $50,000 per year.

The Blue Cash Preferred card also includes return protection, which can refund you the full purchase price excluding shipping and handling, up to $300 per item and $1,000 per calendar year, on purchases made in the U.S. or its territories.

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The Blue Cash Preferred credit card offers a generous rewards program that can help you earn cash back on your daily purchases. You can earn 6% cash back on up to $6,000 per year in purchases at U.S. supermarkets, which can add up to $360 in rewards annually.

The card also offers 6% cash back on select U.S. streaming subscription services, 3% cash back at U.S. gas stations and on transit, and 1% cash back on other purchases. This means you can earn rewards on a variety of common expenses, from groceries to gas to streaming services.

Here are the details on the rewards categories:

The Blue Cash Preferred Card from American Express has a few red flags to consider before applying. The card has a limit on the higher cash back rate, capping it at $6,000 spent at U.S. supermarkets.

This means that after you reach this spending threshold, the cash back rate drops from 6% to 1% for the rest of the year. The average American spends around $5,259 on groceries each year, so the cap is slightly above that.

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The card also charges a foreign transaction fee of 2.7% of each transaction after conversion to US dollars, making it a less ideal choice for international travel. Many cards with annual fees don't charge foreign transaction fees, so this is an uncommon exception.

Additionally, the Blue Cash Preferred Card from American Express has limited redemption options, allowing you to only redeem your cash back as a statement credit or at Amazon.com checkout. This is less flexible than some other cash back cards, which offer more redemption options.

Here are some key red flags to consider:

The Blue Cash Preferred Card from American Express offers a generous cash back rewards program with bonus categories that can help you earn more cash back on your everyday purchases.

You can earn 6% cash back on up to $6,000 per year in purchases at U.S. supermarkets, making it a great option for those who cook at home frequently. U.S. supermarkets don't include warehouse clubs or superstores like Walmart, so be sure to use this card at traditional grocery stores.

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The card also offers 6% cash back on select U.S. streaming services, including popular services like Netflix, Hulu, Spotify, Apple Music, ESPN+, and Kindle Unlimited. This is a great perk for those who subscribe to multiple streaming services.

You can also earn 3% cash back on transit, including trains, buses, tolls, and even rideshares and parking garages. This is a great option for those who use public transportation or ride-sharing services regularly.

Here's a breakdown of the bonus categories and their corresponding cash back rates:

Outside of these categories, you'll earn 1% cash back on your other purchases.

The Blue Cash Preferred Card from American Express has a variable regular APR of 18.24% - 29.24% on purchases and balance transfers after the intro APR expires.

Paying off your purchases and transfers before the intro APR expires is crucial, as it will save you from being charged this regular APR.

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Balance transfers must be requested within 60 days of account opening to qualify for the intro rate, so plan ahead if you need to transfer a balance.

There's also a balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater, so factor that into your decision.

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The Blue Cash Preferred credit limit is a great option for those who want to earn extra cash back in select spending categories. If you spend a lot on groceries, streaming services, transit, and gas, this card can be a game-changer.

You can earn 6% cash back on up to $6,000 in purchases at U.S. supermarkets per year, which can add up to $360 annually. That's more than enough to cover the card's annual fee.

The Blue Cash Preferred also offers a valuable welcome offer: new cardmembers earn a $250 statement credit after spending $3,000 in eligible purchases within the first 6 months. This is a longer period than most cards, giving you more time to reach the spend threshold.

If you need to finance a big purchase, the card's intro APR of 0% on purchases for 12 months can be a big help. However, be aware that the APR will jump to 18.24%-29.24% variable after the intro period ends.

To decide if the Blue Cash Preferred is right for you, consider your spending habits and whether you can recoup the annual fee by taking advantage of the cash back rewards. If you can't, a no-annual-fee grocery credit card might be a better option.

Here's a comparison of the Blue Cash Preferred with our benchmark card, the Citi Double Cash Card:

Ultimately, the Blue Cash Preferred is a great choice for those who want to earn extra cash back in select spending categories, but it's essential to consider your individual needs and spending habits before making a decision.

The Blue Cash Preferred credit limit is a crucial aspect of this card. The card offers high cash back reward opportunities in everyday categories like U.S. supermarkets and gas stations.

The Blue Cash Preferred charges an annual fee, which may be a drawback for some users. However, it offers higher rewards in its top category, making it a good option for those who spend a lot in these areas.

You can earn statement credit opportunities for certain purchases, but the credits differ between the Blue Cash Preferred and the Blue Cash Everyday. This means you'll need to decide which card better suits your spending habits.

The card's regular purchase APR is 18.24%-29.24% Variable, and there's a 0% introductory APR on balance transfers for 12 months. This can be beneficial for users who want to transfer existing credit card debt.

Here are some key benefits of the Blue Cash Preferred:

The card's fees include a cash advance fee of $10 or 5% of the amount, whichever is greater, and a foreign transaction fee of 2.7% of each transaction after conversion to US dollars.

For another approach, see: Foreign Transaction Fee American Express Blue Cash