AMEX Blue Preferred Twitter Offer: 10% back on Amazon (up to $200 or 6 mos)

Twitter too is a good place to find deals, case in point, among the various annoying sponsored tweets, you may actually find something useful. American Express is running a Blue Preferred Card promotion that in addition to the regular cashback rewards, you receive 10% back on Amazon purchases, up to $200 in Rewards (= up to $2000 in purchases) or for the next six months, whichever happens first. This is great for the holiday shopping season since most people spend a lot more during that time. In addition, you may be able to qualify for $250 back when you make $1000+ in purchases within the first three months.

NOTE that the Blue PREFERRED has a $95 annual fee. As much as you may find annual fees revolting, this is actually better than the regular no-annual fee AMEX Blue if you make an average of $265+ monthly purchases in groceries (or any other combination of bonus-percent category purchases).

This is because groceries are 3% with the default Blue. With this one, you get 6% (up to $6000 in purchases per year). So for the Preferred to be …preferable (sorry, I couldn’t resist), you need the extra 3% to be higher than $95 per year. Pull up the calculator, and the break even point is $3164 per year or $264 average per month. So if you spend more than that, you get more cashback with the Preferred even with the annual fee.

But you don’t just get more % rewards on groceries. You also get 3% on department stores and gas stations versus 2% with the no-fee Blue.

October 26, 2016 Filed Under: shopping Tagged With: ,