American Express Surveys Changes To Blue Cash Preferred Card

American Express has sent out a survey regarding possible changes to the Blue Cash Preferred card.Various options of the card were presented and responders had to choose their favorite.Some things to note from the survey:

All options included an increase annual fee from $135 – $160 (currently $95)

One option included 8% on grocery (on up to $6,000 in spend).Currently this is 6%

Various credit options (e.g $10 for Resy, AI subscription or Cloud storage)

Petsmart savings/credit on two options

Not a huge surprise that American Express wants an increase annual fee and monthly credits given how popular it has been on other cards (and presumably profitable).

These surveys often don’t amount to anything but it’s a good indication that American Express is at least considering changes.You can find more rumored card launches here.

More card variations can be viewed here.

Hat tip to FrostieWaffles

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.