What is changing?
Beginning May 9, 2019, the card will offer the following additional rewards categories, in addition to your existing rewards at U.S. grocery and gas stations, with no change to your $95 annual quota:
Get 6% Cash Back On Select US Streaming Services. This includes Hulu, Netflix, Spotify, and Pandora.
Earn 3% cash back in transit. This includes rideshares, tolls, taxis, buses, trains, and parking fees.
The card is also discontinuing US department stores as a bonus category. (Cardholders purchased before May 9 will continue to earn 3% in that category through July 31, 2019, AmEx says.)
The renewal will include a new card design. Existing cardholders who want the new look must request it.
AmEx notes that the card, which launched in 2011, is changing because customers’ daily spending habits have changed.
“What ‘every day’ meant in 2011 means something different today,” says Liz Bergman, vice president of US loan products for American Express. “Today, the average millennial has three streaming services, and one in five has cut the cord. This is the card for cord cutters.”
What is not changing?
Once again, the annual fee does not increase and will remain $95. The card will still earn:
6% cash back at US supermarkets (up to $6,000 per year on purchases, then 1%).
Unlimited 3% cash back at US gas stations.
1% refund on all other expenses.
Is this a good offer?
the Blue Cash Preferred® Card from American Express has long been a NerdWallet favorite rebate cardsas well as being featured in several specific categories, including:
The addition of transmission and transit services as bonus categories further cements the card’s reputation as a great option for everyday household spending — unless, of course, US department store spending is an issue. important part of your budget.
But if you’re one of the many households with a subscription to Netflix, Hulu, or another eligible streaming service, or if a daily commute is a regular part of your life, these changes should be welcome news, especially since there’s no an increase in the annual fee.
“Millennials are growing up, they’re busy, they’re short on time, and they’re trying to figure out how to maximize that routine,” says Bergman. “Where they were spending five years ago is different from how they are probably spending today.”
To see the rates and fees of the Blue Cash Preferred® Card from American Expresswatch this page.