[YMMV] American Express Blue Cash Preferred $150 Upgrade Offer

The Offer

Direct link to offer

• American Express are offering some Blue Cash Everyday cardholders the opportunity to upgrade to Blue Cash Preferred and get the following bonus:
  • $150 cash back after you spend $1,000 within the first three months

Card Details

• Annual fee of $95
• Card earns at the following rates:
  • 6% cash back at U.S. supermarkets (up to $6,000 in spend annually, then 1%)
  • 3% cash back at U.S. gas stations and select U.S. department stores
  • 1% back on all other purchases

Our Verdict

You’ll want to read these two posts before considering this:

• Everything You Want To Know About American Express Upgrade Offers
• 23 Things Everybody Should Know About American Express

The good thing about upgrade offers is that they don’t do a hard pull and you’re also able to get the bonus if you’ve already had the card before (and can get the bonus in the future if you haven’t had the card before). If I got this offer I’d probably take it, you’re getting $55 after $1,000 in spend when you take into account the annual fee of $95 but you’re also getting access to 6% in cash back at U.S. supermarkets. If you can’t take advantage of that bonus grocery store spend, the offer is definitely less enticing. If anybody knows of any other upgrade links, share them in the comments please.

Hat tip to Churner Co