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Cash back rewards have become increasingly popular with consumers looking to save cash during the . And, if you're looking for one of the that earns , you likely noticed the .
After all, the earns 6% cash back on up to $6,000 per year in . So, if you max out this 6% cash back category, you'll earn at least $360 in cash back each year. But, there's a lot more to this card than .
So, in this guide, I'll discuss nine of the lesser-known perks of the Blue Cash Preferred.
Get the latest points, miles and travel news by .
Bonus cash back on streaming, gas and transit
It's easy to focus on the 6% cash back that the earns on up to $6,000 per year spent on . But, in doing so, many cardholders forget that the card has other . Specifically, you'll also earn:
The Blue Cash Preferred has an annual fee of $95 (see ). But, you can earn $95 of cash back after spending $1,584 on 6% categories or $3,167 on 3% categories. Of course, most cardholders will earn cash back in a mix of 6% and 3% categories. But, this calculation should help you decide if the Blue Cash Preferred is right for you.
Amex Offers
is an undervalued perk offered on U.S. consumer and issued by a U.S. banking subsidiary of American Express. So, as a cardholder, you'll have access to Amex Offers.
The details and quality of Amex Offers vary. But, you can expect to see offers from your favorite dining, shopping and travel brands. And, even during the , you'll see .
Car rental loss and damage insurance
The insurance and protections that come with credit cards can seem unnecessary until you need them. One often-overlooked protection is coverage. Luckily, several , including the .
You can be covered when you use your Blue Cash Preferred to reserve and pay for a rental car. Specifically, if the rental vehicle is damaged or stolen, your card may provide coverage up to $50,000. However, you must decline the collision damage waiver at the rental company counter.
This card only includes coverage for up to 30 consecutive days per rental agreement. And, there are some exclusions regarding coverage area, vehicle types, and payment method. In particular, if you use a non-American Express loyalty program's , you won't be covered. So, read the before assuming you'll be covered.
Finally, some when you pay for a rental car using your card. But, the Blue Cash Preferred provides secondary coverage. And, secondary coverage means you must file with any other insurance you have first.
But, if you want primary coverage when renting vehicles with your Blue Cash Preferred, you can enroll in program. After registering, you'll pay a modest amount per rental in exchange for primary coverage.
Purchase protection for recent purchases
Credit card . And, purchase protection can save the day if your . But, you can only benefit from purchase protection if the following occur:
The offers purchase protection for purchases made within the last 90 days. So, if a recent purchase is stolen or accidentally damaged, you may be covered for up to $1,000 per purchase. The card provides coverage for up to $50,000 per calendar year, but only $500 per natural disaster event. And, some types of purchases aren't covered. So, check the before assuming an item is covered.
Extended warranty protection
Some . TPG readers and staff have used this protection to extend the warranty period on a , and . Whenever I purchase electronics or other items with a manufacturer's warranty, I use a card that offers extended warranty protection.
Fortunately, the offers extended warranty protection when you use your card. Specifically, this protection can extend the original manufacturer's warranty for up to one year. And, this protection may cover up to $10,000 per item and up to $50,000 per calendar year. But, only warranties of five years or less will be covered. And, you must make the original purchase in the U.S. or its territories. You can see the full details in the card's .
Return protection
The offers one additional type of : return protection. Specifically, this protection can help when you try to return an item you purchased within the last 90 days and the merchant won't take it back. In this case, American Express may refund up to $300 per item and up to $1,000 per calendar year. But, as with all credit card perks, check out the for full details.
Entertainment Access
You can with the through Amex's Entertainment Access program. This program provides exclusive access to ticket presales for select events. And, Amex cardholders may get access to added perks at select events and venues. For example, being a cardholder can unlock dedicated entrances, concession offers or exclusive meet and greets. Finally, the program may also provide access to card member-only events.
The only catch is a minor one: you must pay with your . So, you might earn more on your purchase if you used one of the . But unlocking presale access and member-only events may be well worth it.
Global Assist hotline
When travel issues occur, it can be challenging to know who to call. But, as a cardholder, you'll have access to Amex's Global Assist hotline on most trips that take you more than 100 miles from home.
The Global Assist hotline can provide medical, legal and financial coordination and assistance services at no charge. For example, the hotline can help with , legal referrals, cash wires, , missing luggage and more. Plus, the hotline can help with trip planning, such as customs information and . But, you'll be responsible for any costs charged by third-party service providers.
Plan It® option pay for large purchases over time
It's best to each month. But, if money is tight, you may want to use the 's Plan It feature.
The Plan It® feature allows you to in exchange for a fixed monthly fee. You can group up to 10 qualifying charges of $100 or more into a plan. But, you'll need to log in to your American Express online account to do so. If you use the mobile app instead, you can only add one charge to a plan instead of up to 10.
And, you can have up to 10 active plans on your account at any given time. But the monthly fee and whether you are eligible to create a new plan depends on many factors, including your and . To see your options, log in to your online account and click on Plan It next to an eligible charge.
But, if you need to finance multiple charges now and expect your soon, one of the may be a better option.
Bottom line
Sure, many consumers get the is for its cash-back earning at U.S. supermarkets. But, as I showed in this guide, several other lesser-known perks can provide significant value. From to , there's a lot of potential value to be found.
To learn more, check out the .
For rates and fees of the Blue Cash Preferred, please click .
Featured image by The Points Guy.
Cash back rewards have become increasingly popular with consumers looking to save cash during the . And, if you're looking for one of the that earns , you likely noticed the .
After all, the earns 6% cash back on up to $6,000 per year in . So, if you max out this 6% cash back category, you'll earn at least $360 in cash back each year. But, there's a lot more to this card than .
So, in this guide, I'll discuss nine of the lesser-known perks of the Blue Cash Preferred.
Get the latest points, miles and travel news by .
Bonus cash back on streaming, gas and transit
It's easy to focus on the 6% cash back that the earns on up to $6,000 per year spent on . But, in doing so, many cardholders forget that the card has other . Specifically, you'll also earn:
- 6% cash back on select U.S. (see the current list )
- 3% cash back on including taxis, rideshare, parking, tolls, trains, buses, and more
- 3% cash back on gas at U.S.
- 1% cash back on
The Blue Cash Preferred has an annual fee of $95 (see ). But, you can earn $95 of cash back after spending $1,584 on 6% categories or $3,167 on 3% categories. Of course, most cardholders will earn cash back in a mix of 6% and 3% categories. But, this calculation should help you decide if the Blue Cash Preferred is right for you.
Amex Offers
is an undervalued perk offered on U.S. consumer and issued by a U.S. banking subsidiary of American Express. So, as a cardholder, you'll have access to Amex Offers.
The details and quality of Amex Offers vary. But, you can expect to see offers from your favorite dining, shopping and travel brands. And, even during the , you'll see .
Car rental loss and damage insurance
The insurance and protections that come with credit cards can seem unnecessary until you need them. One often-overlooked protection is coverage. Luckily, several , including the .
You can be covered when you use your Blue Cash Preferred to reserve and pay for a rental car. Specifically, if the rental vehicle is damaged or stolen, your card may provide coverage up to $50,000. However, you must decline the collision damage waiver at the rental company counter.
This card only includes coverage for up to 30 consecutive days per rental agreement. And, there are some exclusions regarding coverage area, vehicle types, and payment method. In particular, if you use a non-American Express loyalty program's , you won't be covered. So, read the before assuming you'll be covered.
Finally, some when you pay for a rental car using your card. But, the Blue Cash Preferred provides secondary coverage. And, secondary coverage means you must file with any other insurance you have first.
But, if you want primary coverage when renting vehicles with your Blue Cash Preferred, you can enroll in program. After registering, you'll pay a modest amount per rental in exchange for primary coverage.
Purchase protection for recent purchases
Credit card . And, purchase protection can save the day if your . But, you can only benefit from purchase protection if the following occur:
- The incident occurs soon after you purchase the item
- You use a when you buy the item
The offers purchase protection for purchases made within the last 90 days. So, if a recent purchase is stolen or accidentally damaged, you may be covered for up to $1,000 per purchase. The card provides coverage for up to $50,000 per calendar year, but only $500 per natural disaster event. And, some types of purchases aren't covered. So, check the before assuming an item is covered.
Extended warranty protection
Some . TPG readers and staff have used this protection to extend the warranty period on a , and . Whenever I purchase electronics or other items with a manufacturer's warranty, I use a card that offers extended warranty protection.
Fortunately, the offers extended warranty protection when you use your card. Specifically, this protection can extend the original manufacturer's warranty for up to one year. And, this protection may cover up to $10,000 per item and up to $50,000 per calendar year. But, only warranties of five years or less will be covered. And, you must make the original purchase in the U.S. or its territories. You can see the full details in the card's .
Return protection
The offers one additional type of : return protection. Specifically, this protection can help when you try to return an item you purchased within the last 90 days and the merchant won't take it back. In this case, American Express may refund up to $300 per item and up to $1,000 per calendar year. But, as with all credit card perks, check out the for full details.
Entertainment Access
You can with the through Amex's Entertainment Access program. This program provides exclusive access to ticket presales for select events. And, Amex cardholders may get access to added perks at select events and venues. For example, being a cardholder can unlock dedicated entrances, concession offers or exclusive meet and greets. Finally, the program may also provide access to card member-only events.
The only catch is a minor one: you must pay with your . So, you might earn more on your purchase if you used one of the . But unlocking presale access and member-only events may be well worth it.
Global Assist hotline
When travel issues occur, it can be challenging to know who to call. But, as a cardholder, you'll have access to Amex's Global Assist hotline on most trips that take you more than 100 miles from home.
The Global Assist hotline can provide medical, legal and financial coordination and assistance services at no charge. For example, the hotline can help with , legal referrals, cash wires, , missing luggage and more. Plus, the hotline can help with trip planning, such as customs information and . But, you'll be responsible for any costs charged by third-party service providers.
Plan It® option pay for large purchases over time
It's best to each month. But, if money is tight, you may want to use the 's Plan It feature.
The Plan It® feature allows you to in exchange for a fixed monthly fee. You can group up to 10 qualifying charges of $100 or more into a plan. But, you'll need to log in to your American Express online account to do so. If you use the mobile app instead, you can only add one charge to a plan instead of up to 10.
And, you can have up to 10 active plans on your account at any given time. But the monthly fee and whether you are eligible to create a new plan depends on many factors, including your and . To see your options, log in to your online account and click on Plan It next to an eligible charge.
But, if you need to finance multiple charges now and expect your soon, one of the may be a better option.
Bottom line
Sure, many consumers get the is for its cash-back earning at U.S. supermarkets. But, as I showed in this guide, several other lesser-known perks can provide significant value. From to , there's a lot of potential value to be found.
To learn more, check out the .
For rates and fees of the Blue Cash Preferred, please click .
Featured image by The Points Guy.