Could a hike in your annual fee come with sweeter grocery rewards?
American Express is surveying customers about potential changes to the Blue Cash Preferred card, including a proposed annual fee increase from $95 to $160 and enhanced rewards like 8% on grocery spending. The survey reflects the company’s interest in adjusting benefits amidst rising popularity.
Highlights
- American Express is surveying changes to the Blue Cash Preferred card.
- Proposed annual fee increase from $95 to $135–$160.
- One option offers 8% cashback on groceries (up to $6,000 annually).
- Survey includes various credit options like $10 for subscriptions.
- PetSmart savings/credit included in two options.
American Express has conducted a survey about potential modifications to the Blue Cash Preferred card. Various card options were presented, and participants were asked to select their preferred choice. Here are some key takeaways from the survey:
- All options featured an increase in the annual fee, from $135 to $160 (currently $95).
- One proposal offered 8% cashback on groceries (up to $6,000 in spending), an increase from the current 6%.
- Different credit choices were included (e.g., $10 for Resy, an AI subscription, or cloud storage).
- Petsmart savings or credit were available in two of the options.
It’s not surprising that American Express is considering a higher annual fee and monthly credits, considering the popularity and profitability of similar offerings on other cards. While these surveys often lead to nothing concrete, they do indicate that American Express is seriously contemplating changes. For more details about rumored card launches, you can check here.
Additional card variations are available for viewing here.
Special thanks to FrostieWaffles
Note: This post is based on information from a trusted source. Full credit goes to the original publisher.
Source: Read original