Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays.
As you’re likely aware, I’m always on the prowl for new and better credit card offers. My old standby used to be the Amex Blue Cash reward card, which eventually gave way to the Platinum Delta SkyMiles Credit Card from American Express*.
The most recent card to catch my eye has been the Blue Cash Preferred® Card from American Express (more details here), which is like a super-charged cash back card. Yes, it has a $75 annual fee, but it also has a generous rewards structure.
First, the card pays a $150 bonus when new cardmembers spend $1, 000 on the card in the first three months. For a limited time, the card also pays 5% cash back on eligible travel purchases in the first 6 months, up to $200.
More specifically, you’ll get 6% cash back at US supermarkets up to $6, 000 per year in purchases, 3% cash back on gasoline at US gas stations and select US department stores, 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. Terms and Restrictions Apply.
We have four growing boys, and we spend a ton on groceries, so that 6% looks particularly good — even with the annual fee. And the 3% on gas station and select major department store purchases isn’t too shabby, especially since you don’t have to sign up for these things on a quarterly basis.
If you have this card, I’d love to hear about your experiences. I’m not sure that I’m ready to give up my Platinum Delta SkyMiles Credit Card from American Express given the various perks and upgrades that I’ve gained access to, but the Blue Cash Preferred Card from American Express is making think about it.
*Yes, I still carry my Chase Freedom card but I reach for the American Express first at any merchant that accepts it.