On June 13, 2024, Amex made some quiet changes to the Blue Cash Preferred® Card from American Express. The card will lose its $10 monthly statement credit for Equinox+ membership at the end of October 2024.
This change isn’t likely to affect many cardmembers. I’d imagine that the Equinox+ membership wasn’t a widely-used benefit.
Summary of changes to Blue Cash Preferred® Card from American Express
| Previous (Prior to June 13, 2024) | Updated (as of June 13, 2024) | |
|---|---|---|
| Equinox+ credit | Receive a $10 monthly credit when you use your Blue Cash Preferred to pay for an auto-renewing Equinox+ subscription. Enrollment required. | Receive a $10 monthly credit through October 31, 2024 when you use your Blue Cash Preferred to pay for an auto-renewing Equinox+ subscription. Must enroll by August 15, 2024. This benefit is eliminated after October 31, 2024. |
Elimination of the Equinox+ credit
On June 13, 2024, Amex quietly made changes to the terms of the $10 monthly Equinox+ credit offered on the Blue Cash Preferred® Card. The terms now show that October 31, 2024 is the last day to receive an Equinox+ credit and they mention that the last day to enroll in the Equinox+ credit benefit is August 15, 2024. This benefit is no longer advertised on the Amex website.
I have not been able to independently confirm whether new cardmembers can enroll in the benefit. But I suspect that new cardmembers can still enroll by August 15, 2024 and use this benefit through October 31, 2024.
My take on the changes to the Blue Cash Preferred® Card from American Express
I don’t see the changes to the Blue Cash Preferred® Card from American Express as being that big of a deal. Certainly if you were charging an Equinox+ monthly subscription to the card, this devaluation will hit you to the tune of $120 a year.
But I’d imagine most people are using the Blue Cash Preferred primarily because it is one of the best cards for groceries, has excellent rewards on gas, and includes a Disney+ streaming credit, not for Equinox+.
