American Express Blue Cash Preferred Card Now Offers 6% Cash Back on Streaming Services

American Express Blue Cash Preferred Card Now Offers 6% Cash Back on Streaming Services

May 2, 2019         Written By Bill Hardekopf

American Express unveiled a series of new benefits for its Blue Cash Preferred Card. Starting May 9, new and existing cardholders will be able to receive 6% cash back on select streaming subscriptions such as Netflix, Amazon Prime, Audible and Pandora. In addition they will receive 3% cash back on transit purchases such as tolls, parking fares, and rideshares, including Lyft and Uber.

These offers come in addition to existing Blue Cash Preferred benefits, which include: 6% cash back at supermarkets, 3% cash back at gas stations, and 1% cash back on all other purchases. New cardholders approved on or after May 9 will receive a $250 bonus after spending $1,000 on their card in the first three months.

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American Express says the card updates were inspired by a research study conducted on their behalf. Wakefield Research surveyed 1,000 adults between the ages of 31 and 38. They found that 91% of respondents are spending more on daily purchases than they did five years ago, with significant increases in grocery purchases (67%), streaming subscriptions (35%) and commuting (34%).

The card will have a new design, along with contactless payment technology. It still carries a $95 annual fee, along with 0% APR for the first 12 months.

The information contained within this article was accurate as of May 2, 2019. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.