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If you’re a savvy credit card user, you’ve probably heard of the Blue Cash Preferred® Card from American Express. Before you rush to snag this credit card, know your credit score must be in good shape. Amex requires a good to excellent credit score to qualify.
During the application process, Amex will run a hard inquiry on your credit report, which may negatively impact your credit score. However, Amex does offer a separate preapproval process which only requires a soft inquiry.
In either case, knowing this card’s credit score requirement can help determine if you will likely be approved for the card before going through the full application process.
Featured Partner Offer
Blue Cash Preferred® Card from American Express
Up to 6% Reward Rate
Earn 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%); Earn 6% cashRead More
$0 intro annual fee for the first year, then $95
Excellent/Good (700 – 749)
Big spenders at US supermarkets and road warriors who frequently spend at US gas stations or transit like taxis, rideshares or transit can rack up impressive cash back rewards.
Pros & Cons
- High cash-back rewards in several categories of spending
- No enrollment is required, cash back is automatic
- Comes with several travel benefits and protections
- Charges an annual fee
- 6% cash back at U.S. supermarkets is capped at $6,000 in annual spending (then 1%)
- Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% – 29.99%. Variable APRs will not exceed 29.99%.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit
- Get up to $120 in statement credits annually when you pay for an Equinox+ membership at equinoxplus.com with your Blue Cash Preferred® Card. That’s $10 in statement credits each month. Enrollment required.
- Thinking about getting The Disney Bundle which includes Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $12.99 or more each month on an eligible subscription with your Blue Cash Preferred Card. Enrollment required.
- Terms Apply.
Amex Blue Cash Preferred Credit Score Needed
Credit scores are essential for lenders to determine how likely you are to repay your debt. The higher your credit score is, the more likely you are to get approved. If you’re applying for the Blue Cash Preferred® Card from American Express, Amex requires a good to excellent credit score for approval.
Here is a breakdown of the credit score ranges based on the FICO scoring model.
- Good: 670-739
- Very good: 740-799
- Exceptional: 800+
Keep in mind that Amex doesn’t solely look at your credit score when determining your eligibility for this card. As we’ll explain below, there are a few other factors that could influence your approval decision in addition to credit history.
Other Factors Affecting Credit Card Approval
When getting approved for the Amex Blue Cash Preferred card, your credit score isn’t the only component considered. American Express evaluates numerous factors, including:
- Income: A higher income makes you an attractive candidate to credit card companies, indicating that you have the financial means to make your payments on time.
- Employment status: Lenders want to ensure that you have a steady source of income to pay your bills. Unemployment or unstable employment history may decrease your chances for approval.
- Debt-to-income (DTI) ratio: A high DTI shows lenders that you owe more than you earn. Credit card companies may hesitate to give you more credit if this is the case.
- Credit history with Amex: Amex also looks for a solid payment history on other Amex products, as well as the amount of credit accounts you have open.
- Overall credit history: Credit card companies don’t just look at your credit score in isolation when assessing your creditworthiness. They also consider your track record on payment history, credit utilization, credit age, recent credit account openings and account types.
How To Get the Amex Blue Cash Preferred
Amex makes applying for their Blue Cash Preferred card easy. Just follow these steps to get a decision in minutes:
- Visit the American Express website and visit the Blue Cash Preferred® card page.
- Click on the “Apply Now” button to start the pre-qualification application process, which does not result in a hard inquiry.
- Enter your personal information, including your name, address, date of birth, Social Security number and anyone you want to add to your account.
- Provide your employment information and annual income.
- Review the terms and conditions of the card and agree to them.
- Submit your application and wait for a decision.
If you don’t receive an instant decision, call the New Accounts department at 1-888-826-3471 (Mon-Fri 6 a.m. – 9 p.m. MST) to check the status of your application. You can also apply over the phone or get more information by calling 1-800-243-3888.
What Should You Do if Amex Denies Your Application?
If Amex denies your Blue Cash Preferred card application, it may be due to a low credit score, a high DTI, recent delinquencies, bankruptcies or insufficient income. You can call Amex at 1-800-567-1083 to review the decision. However, a reversal isn’t guaranteed.
You can reapply no earlier than 30 days from the date of the decline letter before submitting a new application. Until then, you can take steps to improve your credit score and increase your odds of approval.
How To Improve Your Credit Score for Amex Blue Cash Preferred
If Amex rejects your application, you may want to reapply at a later date. By following these steps, you can improve your credit score and increase your chances of being approved for the Amex Blue Cash Preferred card in the future.
- Pay your bills on time. Even a single missed payment can cause your credit score to drop, making it harder to get approved. Ensure you make at least the minimum payment on your statement before the due date to avoid late fees and keep your score intact.
- Keep your credit utilization ratio low. Experts recommend keeping your credit utilization at 30% or less of your total credit limit. High credit usage can negatively impact your credit score.
- Check your credit report for inaccuracies. Errors in your credit report can result in significant damage to your score. So, it’s important to stay vigilant and dispute any errors. You can get a free credit report from the three major credit bureaus annually by visiting annualcreditreport.com.
- Avoid applying for too many new credit accounts at once. Sending multiple credit card or loan applications in a short period of time can result in multiple hard inquiries on your account, which could lower your credit score.
- Consider alternative ways to build your credit. If you have little to no credit history, you can build your credit profile through a secured credit card or by becoming an authorized user on someone else’s account.
Find the Best Credit Cards for 2023
No single credit card is the best option for every family, every purchase or every budget. We’ve picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.
The Blue Cash Preferred® Card from American Express is a highly sought-after credit card with lucrative perks, but it requires a good credit score and proof of creditworthiness to qualify. Fortunately, Amex offers a preapproval tool so you can see if you qualify for the card before you apply and submit to a hard credit check.
To view rates and fees for Blue Cash Preferred® Card from American Express please visit this page.