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.
Latest Credit Card Rewards News
This week, BlockFi, a crypto lending company, announced the upcoming release of its rather unusual credit card – the Bitcoin Rewards Credit Card. The card will become the first-ever credit card with cryptocurrency rewards. Until now, credit cards’ rewards programs could offer cashback, points, or miles. But earning credit card rewards in the form of […]
2020 can be safely called the weirdest year of the last decade. The pandemic has affected every corner of the world. And we can only guess what surprises await us in the last month of the year. However, something still remains the same (or almost the same) – Black Friday. It is not hard to […]
This week marked the launch of another credit card. This time we are talking about the new cash back credit card from Venmo, a mobile payment service owned by PayPal. The card got a very simple name – Venmo Credit Card. The company announced its plans to roll out its first credit card a year […]
Starting July 1, holders of Chase Freedom® credit cards can earn 5% cash back for purchases in special Q3 2020 bonus categories. The new quarter favors eligible Chase customers with enhanced rewards on Whole Foods Market and Amazon.com purchases. Chase states that all Whole Foods Market purchases made before October 1 will qualify for 5% […]
Capital One keeps adding new rewards redemption options to its travel credit cards. To be more precise, holders of Venture and Spark credit cards can now transfer accumulated miles to even more loyalty programs. Surprisingly, new transfer partners are not airlines, as it could be expected, but large hotel chains AccorHotels and Wyndham Hotels & […]