Now More Time for New American Express Cardholders to Earn a Sign-up Bonus
The coronavirus pandemic has affected everyone. Many people were to remain without earnings. To support people, many banks have developed relief programs and offer customers, for example, defer payments, temporarily reduce interest, increase credit limits, etc.
American Express don’t stand aside either. But in addition to the Financial Hardship Program, the issuer also decided to extend timeframes of earning the welcome bonus offered to new owners of Amex credit cards. This step with the extension is definitely rather logical, since most stores are now closed, and people have to stay at home for self-isolation.
By default, in order to earn a bonus, Amex customers need to spend a certain amount, depending on the card, within 3 months from the date of activation of the card.
According the bank’s official website, the period to make eligible purchases to earn the presupposed sign-up bonus will now be extended for additional 3 months for eligible card accounts approved from December 1, 2019 through May 31, 2020. Eligible cards include both consumer and business credit cards.
Thus, this applies not only to new applicants but also to those who have recently opened one of American Express cards. Now there are whole 6 months for fulfilling the spending requirements, which stay the same but vary by card. A bonus type and its amount also differ.
For example, if you hold the Blue Cash Preferred® Card, you are to spend $1,000 in purchases to receive the $300 back in the form of a statement credit. The American Express® Gold Card requires you to spend $4,000 in purchases to earn 50,000 Membership Rewards® Points. And to get up to 40,000 Bonus Miles with the Delta SkyMiles® Gold Business Card, your spendings on purchases should reach $2,000.
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