Earn Up To 10% Cash Back At Amazon With New Amex Sign-Up Bonus

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Update: These offers for the Blue Cash Everyday® Card from American Express and Blue Cash Preferred® Card from American Express are expired. Learn more about the current offer here.

American Express has just announced increased sign-up bonuses on the Blue Cash Everyday and Blue Cash Preferred cards, which are some of their best cash back credit cards. These increased bonuses are valid through January 11, 2017, and the details are as follows:

Blue Cash Everyday® Card from American Express — no annual fee

  • Earn $100 back after you spend $1,000 in purchases on the card within the first three months
  • Earn 10% back on purchases at amazon.com on the card within the first six months, up to $200

Blue Cash Preferred® Card from American Express — $95 annual fee

  • Earn $150 back after you spend $1,000 in purchases on the card within the first three months
  • Earn 10% back on purchases at amazon.com on the card within the first six months, up to $200

The sign-up bonuses on the above cards are usually the $100 & $150 bonuses shown above, so the limited time aspect of the offer is receiving up to $200 back in the form of 10% off Amazon purchases. Given how many of us make purchases from Amazon all the time, I imagine the limited time aspect of this offer will be useful to many.

Anyway, the sign-up bonus is only a small aspect of the card, as there’s also a lot of value to be had from using this card for everyday spend.

Maximizing points with the Amex Blue Cash

While cashback cards aren’t for everyone, these cards have especially compelling category bonuses. The no annual fee Blue Cash Everyday offers the following return on everyday spend:

  • 3% cash back at U.S. stand-alone supermarkets (up to $6,000 per year), then 1%
  • 2% cash back at U.S. stand-alone gas stations and at select major department stores
  • 1% cash back on other purchases

Meanwhile the $95 annual fee Blue Cash Preferred offers the following return on everyday spend:

  • 6% cash back at U.S. stand-alone supermarkets (up to $6,000 per year), then 1%
  • 3% cash back at U.S. stand-alone gas stations and at select major department stores
  • 1% cash back on other purchases

Those are some fantastic category bonuses if you’re someone who spends a good amount at supermarkets and gas stations every year. Assuming you spend at least ~$3,200 per year at grocery stores you’re probably better off getting the Blue Cash Preferred over the Blue Cash Everyday, given that the $95 annual fee will already be paid for at that point.

Groceries-6
Earn bonus cash back at supermarkets

Are the Amex Blue Cash cards right for you?

The above cards are great for those who like cash back cards and spend a lot in certain categories. However, there are some other cards to consider as well, depending on your spend patterns.

If you just want a simple cash back card with no annual fee, the Citi® Double Cash Card offers 1% cash back when you make your purchase, and another 1% cash back when you pay for your purchase. Given that the card has no annual fee, that’s a return which is pretty tough to beat.

If you prefer to earn points, American Express has cards with a similar earnings structure to the Blue Cash Everyday and Blue Cash Preferred, except they accrue Membership Rewards points rather than cash back. Those two cards are the Amex EveryDay® Credit Card and Amex EveryDay® Preferred Credit Card.

The no annual fee Amex EveryDay® Credit Card offers:

  • 2x points at U.S. stand-alone supermarkets (up to $6,000 per year), then 1x points
  • 1x points on other purchases
  • A 20% points bonus when you use your card at least 20 times in a billing period

In other words, you’re earning 2.4x points at supermarkets and 1.2x points on other purchases, assuming you have 20 transactions per billing period. That’s pretty awesome for a no annual fee card.

Meanwhile the $95 annual fee Amex EveryDay® Preferred Credit Card offers:

  • 3x points at U.S. stand-alone supermarkets (up to $6,000 per year), then 1x points
  • 2x points at U.S. stand-alone gas stations
  • 1x points on other purchases
  • A 50% points bonus when you use your card at least 20 times in a billing period

That means you’ll be earning up to 4.5x points at supermarkets, up to 3x points at gas stations, and up to 1.5x points on everyday spend. That’s a huge return.

Bottom line

At a minimum I think it’s worth pointing out the increased sign-up bonuses on the Blue Cash Everyday and Blue Cash Preferred cards. The bonuses are as good as they get on these cards. If you’re someone who spends a good amount on supermarkets and gas stations, I’d seriously consider one of these cards.

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Comments

  1. If you spend $500/month at grocery stores the BCP is the card to get. I just found out that I am only a couple hundred dollars from maxing out my bonus, so now I am kicking myself for not using more of the 5x groceries with the Freedom earlier this year.

  2. As a veteran, I find it appalling that Am Ex and the other card companies do not consider Military commissaries as qualifying supermarkets and Military gas stations as qualifying gas purchases. Our active duty service members, veterans and their family members deserve better from the banks. Exclusion sends a bad message.

  3. @Donna–I’ve always been under the impression Banks go by the codes the vendor uses. Is there a reason these commissaries and gas stations don’t categorize themselves as such?

  4. @Gaurav. I don’t know how things are coded but my cards don’t work and other service members across the country have posted online of having the same experience. I’ll pursue the coding and see what I can find out. I wrote to Am Ex several months ago and never received a response. Thanks!

  5. @lucky: is that initial $100/$150 bonus stackable with the 10% up to $200, or does the 10% rebate happen only after that initial $1K+ spend to get the bonus?

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