How does the Blue Chase Cash Preferred work?

Check it out right now with more details. How it works, fees, interest rates, and much more.

One of the most famous customer finance services in the United States is the American Express (AMEX) which provides its customers many services that include credit cards, charge cards, travel cheques, gift cards, etc.

It is known to offers services to small businesses, customers, corporations, mid-sized businesses.

 American Express cards are acceptable in more than 170 countries around the world, but it depends on the country you are your credit card from American Express may not be accepted, so it is recommended Amex cardholders carry a backup Visa or Mastercard when traveling outside the U.S.

How does it work and who issues it?

The Blue Chase Preferred is a cash-back card since it is offering a high rewards rate. In the first 6 months of using the Blue Cash Preferred you can earn 20% cash back on Amazon store purchases and after you spent U$3.000 in your first six months you will be able to earn U$ 150 back.

It offers 6% on specific U.S TV and music streaming services and at U.S supermarkets, 3% on purchases at U.S gas stations, 3% on ground transportation, also, 1% on any purchase.

The American Express is the company that issues Blue Chase Cash Preferred and offers its customers an app that lets you see your rewards, payments, and you also can track your credit card.

There is the possibility to redeem your American Express credit card rewards.

What is card limit?

The AMEX doesn’t inform which is the maximum credit card limit, but some of the cardholders report a credit limit that exceeds $16,500.

So, you don’t need to have concerns about your credit card limit, since you can request for credit card limit increase after 6 months you got your card.

Does it have interest rates?

Yes. This card provides some interest rates.

• Regular APR: 13.99% – 23.99% (variable).
• Purchase Intro APR: non-applicable.
• Balance Transfer Intro APR: non-applicable.

Does it have fees?

Yes, it does. See below some of them:

• Annual fee: $0 intro for the first year, then $95.
• Cash advance: Either 10% or 5% of the amount of each cash advance.
• Foreign purchase transaction fee: 2.7% of each transaction after conversion to US dollars.

Who can get the card?

People who have a great score, because AMEX card isn’t a card for applicants with poor credit scores: You’ll need a credit score of at least 700 to qualify.

How to apply for it?

For you to get this card you will need to have a great score, so it’s not available for everyone. Although, it is very easy to apply for an AMEX card.

You’ll be asked for the following information when you submit your card application.

• Personal information: You will have to inform your name, nationality, date of birth, email address.
• Contact information: including your phone number and current address.
• Financial information: Including your annual personal income, your employement status, and employer contact details, as well as how long you’ve been with your bank or building society.

What happens after you apply for the Blue Cash Preferred?

The customer finance service will analyze your application, if you follow all the requisites and your application be approved, you’ll get an answer from AMEX within 15 days.

If you don’t get it on this period, they’ll notify you of a decision within 90 days.

Frequently asked questions:

Is the Blue Cash Preferred card metal?

No, it is not, but this is still a great everyday card at a reasonable price of $95.

What credit score do you need for Amex Blue Cash Preferred?

670 or higher.

Can you upgrade from Blue Cash Everyday to preferred?

Yes, you can upgrade your Amex Blue Cash Everyday to Preferred. Amex sometimes sends targeted upgrade offers to Blue Cash Everyday cardholders, either through the mail or by e-mail.

Can you carry a balance on Amex Blue Cash Preferred card?

Yes, you can. This card offers a payment flexibility option, AMEX gives you the option of carrying a balance from month to month.

What is the grace period for Blue Cash Preferred?

The Amex Blue Cash Everyday grace period is at least 25 days.