Twilghtsprkle
DIS Veteran
- Joined
- Apr 22, 2017
- Messages
- 670
The Blue Cash Preferred gives you 6% back on the first $6000 of spend and comes with a $95 annual fee. So if you spend the full $6,000, the preferred would get you $265 cash back (6000*.06 -95=265) while the regular blue cash would get you $180 cash back. The break even point is $3,166.67. So as long as you are 100% sure you will use the card to spend more than $3,166.67 each year at grocery stores, then it is worth it.
(Of course, if you are getting a signup bonus or are able to get the annual fee waived, then it is definitely worth it.)
However now Citi has their Custom Cash card which gives you 5% back on your top cashback category for each billing cycle and no annual fee. Grocery stores are a category. You’d end up ahead using that card over the Amex blue cash preferred because of the annual fee on that.