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Old Mar 10, 12, 2:46 am   #1
 
Join Date: Feb 2011
Posts: 738
Do I lose the signup bonus if return takes me under min spend?

So I got the AMEX plat and the minimum spend was 3k. Met that and got to about 6k with a $4000 spend. The $4000 was refunded to me, but I've already gotten the 50k.

I don't think AMEX would take away the 50k, but does anyone have any experience with this?
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Old Mar 10, 12, 9:43 pm   #2
 
Join Date: Nov 2011
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You can transfer points out and then return... hehe. I'm not sure if that's possible though. Or spend the points and be left with a negative balance.
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Old Mar 11, 12, 10:19 am   #3
 
Join Date: Nov 2010
Programs: UA Gold, Fairmont Platinum, Starwood Gold, Hilton Gold, Hyatt Platinum
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No personal experience here, but why risk it? They probably won't, but they would perfectly be within their right to do so and then you would lose the opportunity to earn the bonus again.
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Old Mar 11, 12, 6:07 pm   #4
 
Join Date: Feb 2011
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Normally not a problem, but got 16k in spend to meet for latest churn...
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Old Mar 12, 12, 8:12 am   #5
 
Join Date: Aug 2011
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Has your statement closed yet? If so, is the 6K points showing pending or have they posted to your acct along with the 50K? It reads in assumption that the statement has not closed yet as you have not mentioned a payment due.
In the least, the 4K return will negative out of your account when the (next) statement closes. I'm sure you can handle the 4K loss but would prefer not to lose the entire 50K spend bonus.

Anyone else with experience on spend bonus sticking after returns?
Similar experience with the PRG annual 15K spend bonus for 30K if return might help OP.
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Old Mar 12, 12, 12:45 pm   #6
 
Join Date: Feb 2011
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Quote:
Originally Posted by pcharles View Post
Has your statement closed yet? If so, is the 6K points showing pending or have they posted to your acct along with the 50K? It reads in assumption that the statement has not closed yet as you have not mentioned a payment due.
In the least, the 4K return will negative out of your account when the (next) statement closes. I'm sure you can handle the 4K loss but would prefer not to lose the entire 50K spend bonus.

Anyone else with experience on spend bonus sticking after returns?
Similar experience with the PRG annual 15K spend bonus for 30K if return might help OP.
The statement has not closed yet, I think I have another 4-5 days. I'll probbaly end up using Amazon Payments or something just to make sure, but I'll wait a few weeks to see how AMEX treats this. Maybe they'll take back the bonus now or maybe they'll take it back after three months? I will risk the first, not the second to create a data point
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Old Mar 13, 12, 3:11 am   #7
 
Join Date: Jan 2007
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Quote:
Originally Posted by leftpinky View Post
So I got the AMEX plat and the minimum spend was 3k. Met that and got to about 6k with a $4000 spend. The $4000 was refunded to me, but I've already gotten the 50k.

I don't think AMEX would take away the 50k, but does anyone have any experience with this?
They do point-adjust based on spend, but I've never heard of a threshold bonus being clawed back (which is what this is generally referred to as in the FF community ).
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Old Mar 16, 12, 9:43 pm   #8
 
Join Date: Oct 2007
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Quote:
Originally Posted by leftpinky View Post
.... I'll probbaly end up using Amazon Payments or something just to make sure...
If you mean you're going to use this to pay yourself you'd better be careful...a lot of people around here have been getting an Financial Review and/or getting their accounts closed for using amazon, paypal, etc to do pseudo-cash advances.
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Old Mar 16, 12, 10:09 pm   #9
 
Join Date: Feb 2011
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Quote:
Originally Posted by TommyC80 View Post
If you mean you're going to use this to pay yourself you'd better be careful...a lot of people around here have been getting an Financial Review and/or getting their accounts closed for using amazon, paypal, etc to do pseudo-cash advances.
Ive already been hit with a FR when I first opened an AMEX. They could do it again, but doesn't look likely. Besides, I use AP to send money for rent, not to pay myself
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Old Apr 1, 12, 7:43 pm   #10
 
Join Date: Jun 2006
Programs: Hyatt Diamond, Hilton Gold,IHG Plat Amb, CC Gold, Kimpton IC, United, AA, BA, Amtrak G.R.
Posts: 425
What would happen in this scenario?

Few thousand short of meeting spend for the promotion. I charge a fully refundable airline ticket to meet the spend, flight would be several months away.

I get statement, pay in full what is owed. Earn the spending/bonus points.

A few months later, I cancel the ticket and get the refund credited back to card.

Will they take away the bonus points at that point? what if the bonus points have already been used and transferred to another program?

Would they cut a check for the amount that my account has in credit at that point? Or would I just have credit to "charge down" over the ongoing months?

Thanks!!
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Old Apr 1, 12, 11:11 pm   #11
 
Join Date: Jun 2011
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Why risk all the hassle if you've got the money to pay the bill in full anyways? Prepay your bills for the next three months. Or whatever grocery store you shop at, go buy $2k in gift cards from them. All will result in spending no more money than you would've spent, and meeting the minimum spending. If I ever want to expedite getting a bonus (aka get a new card on the 10th, statement closes on the 20th) I'll just go buy Kroger GC's right off the bat. It may take us 3 months to use the cards, but the result is no additional spending.
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Old Apr 1, 12, 11:28 pm   #12
 
Join Date: Sep 2009
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I accidently did this with my amex hhoners bonus. Was refunded before points posted, and as such i didn't meet the spend and didn't get the bonus.
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Old Apr 3, 12, 8:23 am   #13
 
Join Date: Aug 2008
Location: Bay Area, California
Posts: 269
Sign up bonuses do not get reversed

I have had large purchases that were made to meet minimum spend requirements returned on a variety of cards. Sign up bonuses were NEVER reversed on any of them.
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Old Apr 4, 12, 5:31 am   #14
 
Join Date: Apr 2012
Posts: 5
your points are usually pending, so the return might subtract it from pending
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Old Sep 17, 12, 2:49 pm   #15
Used to be highman123
 
Join Date: Jul 2011
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Quote:
Originally Posted by romeoguy View Post
I have had large purchases that were made to meet minimum spend requirements returned on a variety of cards. Sign up bonuses were NEVER reversed on any of them.
I can second that - so far Chase/ AMEX have not clawed back the bonus points. They only clawed back the regular points. Very fair IMHO.

They stress about purchases in the T&C i.e. make this amount of purchases. It's not mentioned when refunds hit your account - many can be very legitimate.

However I still try to avoid it.
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