HU: Amex is raising the annual fee for its blue cash preferred credit card from Aug 1
American Express is raising the annual fee on its Blue Cash Preferred card to $95 from $75.
The fee increase formally goes into effect August 1. But you can skip the $20 increase — albeit temporarily — if you apply for the card between now and August 3. Prospective cardholders who sign up on or after August 4, 2016 will incur the $95 fee, an American Express spokesperson said in an email. Existing cardholders will be charged the new $95 fee at the beginning of their annual account renewal, following the August 1 switchover date.