The Chase Freedom® is not currently available to new cardholders. Please visit our list of the best cash-back cards for alternative options.
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Cooking is one of my passions, so it's natural that groceries top my list of monthly expenses. On average, I spend $325 per month on everything from milk and eggs to veggies and chocolate chips. These costs add up quickly, but I've found ways to make grocery shopping less costly.
I'm no stranger to optimizing credit cards (after all, I have 10), so I ensure that I pay with the most lucrative cash-back card in my wallet: the Blue Cash Preferred® Card from American Express.
The Blue Cash Preferred Card has been my go-to for grocery shopping since it earns a robust 6% cash back at U.S. supermarkets, on up to $6,000 per year in eligible purchases (then 1%). Unfortunately I can't use it when I shop at Costco since they don't accept cards from all issuers. On Costco trips, I use one of my Visa-backed Chase cards, like the Chase Freedom® (no longer open to new applicants).
The Blue Cash Preferred Card's rewards rate is higher than any other card listed on Select's list of the best grocery rewards cards and earns me roughly $234 per year in cash back.
If my annual cash-back earnings aren't enough to convince you this card's a stellar choice, it currently has a welcome bonus of as high as $300 cash back after spending $3,000 in purchases on your new Card in the first 6 months. Apply to find out your offer. If approved, you'll: 1. Find out your offer amount, 2. Accept the Card with your offer, 3. Spend $3,000 on purchases in your first 6 months 4. Receive the cash back. Cash back is received in the form of Reward Dollars that can be redeemed for a statement credit or at Amazon.com checkout. Welcome offers vary and you may not be eligible for an offer. This is a great way to offset your grocery bills. The Blue Cash Preferred has a $0 intro annual fee for the first year, then $95. (See rates and fees.)
If you're also someone who seems to have a never-ending grocery list, consider applying for this card.
The Blue Cash Preferred® Card from American Express is a low-fee card with generous cash-back rewards and useful ongoing benefits, such as a monthly Disney Bundle credit. (Enrollment required for select benefits mentioned)
- High cash-back earnings for U.S. supermarkets and streaming services
- Intro-APR offer for purchases and balance transfers
- No annual fee for the first year
- It's less rewarding after the first year because of the annual fee
- Bonus rewards for U.S. supermarkets are capped
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Apply and find out your welcome offer. As High As $300 cash back* after you spend $3,000 in purchases on your new Card within the first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply, and if approved: 1. Find out your offer amount 2. Accept the Card with your offer 3. Spend $3,000 in 6 months 4. Receive the cash back. *Cash back is received in the form of Reward Dollars that can be redeemed for a statement credit or at Amazon.com checkout.
- $0 intro annual fee for the first year, then $95.
- Enjoy 0% intro APR on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.49%-28.49%.
- Plan It®: Buy now, pay later with Plan It. Split purchases of $100 or more into equal monthly installments with a fixed fee so you don't have the pressure of paying all at once. Simply select the purchase in your online account or the American Express® App to see your plan options. Plus, you'll still earn rewards on purchases the way you usually do.
- Earn 6% cash back at U.S. supermarkets on up to $6,000 per year in eligible purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at eligible U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more) purchases and 1% cash back on other purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit and at Amazon.com checkout.
- Get up to a $10 monthly statement credit after using your enrolled Blue Cash Preferred® Card for a subscription purchase, including a bundle subscription purchase, at DisneyPlus.com, Hulu.com, or Stream.ESPN.com U.S. websites. Subject to auto-renewal.
- Terms Apply.
- See Rates & Fees
Balance transfer fee
Either $5 or 3% of the amount of each transfer, whichever is greater.
Foreign transaction fee
2.7% of each transaction after conversion to US dollars
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For rates and fees of the Blue Cash Preferred® Card from American Express, click here.
Information about the Chase Freedom® has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
