With the American Express Blue Cash Preferred, you’ll need access to an excellent credit score for approval. A good FICO rating should be between 670-739 on their 300-850 scale. If your credit is above that range, then you have a great chance of being approved!

Redeeming your Reward Dollars for cash just became easier! With the American Express card, you can turn those points into real money with a simple click of the mouse. Log in to your account and convert at least $25 worth of Reward Dollars by clicking on “Use Rewards” – these funds will then be credited towards your next statement balance within three days (minus any minimum payment due).

No. The Blue Cash Preferred Card is a rewards card with great benefits, but it doesn’t come without cost. If you carry your balance month-to-month, then be aware that this will incur an interest rate of 18.49 – 29.49 percent in variable APR on those balances owed.