Choice Rewards World Mastercard®
Learn More
Terms Apply
Paid Placement
No-fee balance transfer offer plus a welcome bonus valued at $160!

Our top picks of timely offers from our partners

More details
Rocket Mortgage
Learn More
Terms Apply
Rates could continue to rise - look into refinancing with one of our top picks.
OnDeck
Learn More
Terms Apply
A+ rating with the Better Business Bureau and our top pick for same-day funding
Earnest
Learn More
Terms Apply
Private student loans with no fees, flexible payment options, and cosigners can apply by phone with expert help.
CIT Bank
Learn More
Terms Apply
Earn 15x the national average with a Savings Connect account. Member FDIC
Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links. Read more about Select on CNBC and on NBC News, and click here to read our full advertiser disclosure.
Latest

How to earn the Amex Blue Cash Preferred’s elevated $300 welcome bonus

The Amex Blue Cash Preferred Credit Card’s large $300 welcome bonus is running for a limited-time. Here’s how to earn it before the offer expires.

Share
Getty Images

This offer is no longer available.

If you're looking to save on grocery shopping, now's a great time to consider applying for the Blue Cash Preferred® Card from American Express. Amex increased the welcome bonus to $300, which is $50 more than usual, and added a $0 introductory annual fee for one year, then $95 (see rates and fees).

In order to earn the $300 statement credit, you need to spend $3,000 on eligible purchases on your new card within the first six months from account opening.

Plus you'll benefit from a lucrative rewards program:

  • 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%) — perfect for stocking up on food
  • 6% cash back on select U.S. streaming subscriptions — a nice way to be rewarded for watching your favorite holiday movies
  • 3% cash back at U.S. gas stations and transit including taxis/rideshare, parking, tolls, trains, buses and more — great for traveling to all your destinations
  • 1% cash back on other purchases — standard earning for gifts and everything else

Here's a breakdown of who's eligible to earn the bonus, plus how you can redeem your cash back.

Who’s eligible for the Blue Cash Preferred welcome bonus?

If you’ve never had the Blue Cash Preferred Card, you may qualify for the welcome bonus. Amex follows the pattern of other card issuers like Chase that set restrictions on who’s eligible to earn a welcome bonus.

The offer terms state:

The welcome offer, intro APRs, and intro plan fees are not available to applicants who have or have had this Card. We may also consider the number of American Express cards you have opened and closed as well as other factors in making a decision on your welcome offer, intro APRs, and intro plan fee eligibility.

So if you’ve ever had the Blue Cash Preferred Card, you can’t earn the bonus. On top of that, Amex considers how many American Express credit cards you have and other factors, which means your qualification odds are decided on a case-by-case basis.

How can you redeem cash back?

The cash back you earn is received in the form of Blue Cash Reward Dollars that can be redeemed as a statement credit when you have a minimum balance of 25 Reward Dollars. Additional redemption options include gift cards and merchandise from popular retailers like Apple and Cuisinart.

Do Blue Cash Reward Dollars expire?

No, Reward Dollars don’t expire as long as your account remains open and in good standing.

Will this bonus offer happen more than once?

The Blue Cash Preferred Card welcome bonus previously ran for a limited time through Dec. 10 and is now back for an undetermined time period. While Amex hasn’t announced what welcome bonus will be available once this offer is over, it’ll likely go back to the prior offer that’s worth $250 cash back. Typically, card issuers don’t provide consumers a lot of insight into when their special offers come and go.

Check out our Amex Blue Cash Preferred Card review.

Don't miss:

For rates and fees of the Blue Cash Preferred® Card from American Express, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
First Tech Federal Credit Union
Learn More
Terms Apply
Paid Placement
Borrow up to $50K - flexible terms up to 84 months, no origination or application fees, and no payments for up to 45 days
Find the best savings account for you
Learn More
Terms Apply
Check out our savings marketplace to compare options or read about our top picks