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American Express Blue Cash Preferred $200 Sign Up Bonus

The American Express Blue Cash Preferred card sign up bonus is currently $200.

The Blue Cash Preferred Card from American Express is the card that gives 6% cash back on groceries up to $6,000 in spending.

The sign up bonus is our Free Money [1] offer this week!

How to Get Your $200 Sign Up Bonus

  1. Apply for the American Express Blue Cash Preferred* card.
  2. Spend $1,000 within the first 3 months.
  3. Earn $200 cash back.

*Find and compare all current credit card offers in our credit card directory [2].

American Express Terms and Conditions

  • $95 annual fee.
  • Welcome bonus offer not available to applicants who have or have had this product.

More on American Express

Cash Back. You’ll earn 6% cash back at US supermarkets (up to $6,000 per year in purchases), 3% cash back at US gas stations & select US department stores and 1% cash back on all other purchases. I frequently mention this card because it offers one of the highest rates for cashback on groceries [3].

Redeeming Cash Back. You’ll earn your cash back as reward dollars, which you can redeem as statement credits.

Cash Back on Gift Cards. You may remember this card from years ago, as I often used it to buy gift cards at the grocery store [4] to maximize the 6% cash back.

No Annual Fee Card Option

The Blue Cash Everyday Card [5] from American Express with no annual fee, earns 3% cash back at stand-alone supermarkets (up to $6,000 in spending), 2% cash back at stand-alone gas stations and department stores, and 1% cash back on all other eligible purchases. The sign up bonus for the everyday card is currently $150 after $1000 in purchases.

If you do the math, you’ll pay $95 more for the preferred card, but get $50 more in sign up bonus. You’ll need to spend more than $1500 in the increased cash back rate on groceries to break even. We got the Preferred card first, then downgraded it [6] to the Everyday card.