American Express Membership Rewards - Up the Ante--$250 Statement Credit for 1st Use--No Annual Fee

Click! (http://www201.americanexpress.com/sbsapp/FMACServlet?request_type=hvshome&eep=6002&openvan=Open.com/premium/3cb&hvsoffer=3cb&dct=84)

Sorry if its already been posted--I looked, I swear!

Thanks!!

I would also like to point out that it is also a 2.5% cash back for your annual purchases up to $100k (assuming you spend at least $20k) which is a good deal in itself!

Too bad also that this is specifically targeted at small businesses. I realize you could declare yourself a sole prop, but....

I would also like to point out that it is also a 2.5% cash back for your annual purchases up to $100k (assuming you spend at least $20k) which is a good deal in itself!

Too bad also that this is specifically targeted at small businesses. I realize you could declare yourself a sole prop, but....


Yeah--they don't go out of their way to be clear on this point:


Earn 1% at OPEN Savings participants or 0.5% on all other purchases when your year–to-date spend is $0-$20,000
Earn 5% at OPEN Savings participants or 2.5% on all other purchases when your year-to-date spend is $20,000.01-$120,000
Earn 1% at OPEN Savings participants or 0.5% on all other purchases when your year-to-date spend is more than $120,000


Does this mean it is a tier system and the first 20K is at .5% until you get into the sweet spot between 20K and 120K--or does it mean that once you hit 20K you are retroactively rebated at 2.5% (I doubt it!)

We'll see if there's a better explanation in the T&C when the card comes.

wow. If a point is otherwise worth $0.01 then this is a great deal.

A possible caveat ...

... The application says

Bonus of $250 applies to first purchase made between March 1 and June 30, 2006, and will appear as a statement credit on your Card Account. The maximum discount available is $250 per Card Account.

Does this mean they will credit you $4.00 if your first purchase is $4.00? May be worthy going out for an extravagant dinner with your significant other and blowing the whole $250 there just to make sure--unless you have a $250 expense coming up.

If anyone has any actual experience with this let us know.

I have this card and the cash back tier system is confusing. I have 3 different documents from AMEX saying 3 different things. The first purchase credit was $150 for my card last year.

A possible caveat ...

... The application says

Bonus of $250 applies to first purchase made between March 1 and June 30, 2006, and will appear as a statement credit on your Card Account. The maximum discount available is $250 per Card Account.

Does this mean they will credit you $4.00 if your first purchase is $4.00? May be worthy going out for an extravagant dinner with your significant other and blowing the whole $250 there just to make sure--unless you have a $250 expense coming up.

If anyone has any actual experience with this let us know.

I was wondering the same thing.

Is this a $250 statement credit or simply a credit towards the first charge? The terms specify "a maximum discount of $250" and I'm not exactly certain what that means.

Does this card have FHR benefits? Called AMEX and they said yes but im skeptical.

can anyone tell me how much do i need to be earing before i can apply for this credit card?

can anyone tell me how much do i need to be earing before i can apply for this credit card?

This is a business card, so your business must be active but I don't think your business is required to show a particular amount of revenue in order to qualify. If revenue is low on the application then the CL will be lower, if revenue is higher on the application, they may require documentation. As far as your personal earnings, they ask also on the app, so that can offset low business income or vice versa.

The link in message #1 now leads to this error message...

"Our website is experiencing technical difficulties. Please refer to your letter for alternate ways to apply for an American Express® Business Card."

..could someone please mention the exact name of the card? The cash rebate schedule mentioned in message #4 does not match the published terms of the Platinum Business Cash Rebate Card (http://www201.americanexpress.com/sbsapp/FMACServlet?request_type=LearnMore&bos=b&iep=36&ct=65)

dennis

Just got the card today in the mail. Called CS and they confirmed that it included a $250 credit..too good to be true IMHO.. So i will use it today. I may convert it to a costco version as I think their rebate program is a bit better without the tier system. Thanks PUSHBACK!! :)

I called the CSR and she conifrme dit was too.

..could someone please mention the exact name of the card?
Haven't yet received the card, but the app status page shows "THE PLATINUM BUSINESS PREMIUM CASH REBATE CARD FROM AMERICAN EXPRESS". I guess the word Premium is what distinguishes it from the one you mentioned.

In any event, the offer does seem to be gone now. :(

is there a link that works for this offer now?

Application number: 866-764-2177
RSVP codes:
7EUZC-BCB
7UECI-BCF

These RSVP codes were given on the FatWallet and SlickDeals threads about this offer. It's unclear whether these are one-use-only, or whether Amex has just been getting wise and shutting them off after a while, but either way, reports are that the first is "used up" now, and I wouldn't be surprised if the second is too, but you could give 'em a shot.

Other info that may be useful:
"If, 6-8 weeks after your first purchase, you haven't received your $250 statement credit, call AMEX Open Customer Service mentioning the following "Promotional Code Offer ID" you applied for:

Promotional Code Offer ID: E341-0001
Phone #: 1-800-492-3344

Note: You may need to mention the RSVP # as well."

well, i signed up online and was called to verify business details, still don't know if I qualify. (Will it hurt or help that my SPG amex has a $62K credit limit? (I would never have been given this, but have accumulated it over the years by mergin other cards))

Does this card have FHR benefits? Called AMEX and they said yes but im skeptical.

This card doesn't have any FHR Benefits. Only the business platinum does. The only benefits associated with this card [outside of common AMEX features for all/most cards] are cash back and discounts on certain vendors/partners. For example, Courtyard, Hertz, Fedex, Etc. No Coupons or codes needed. When you spend at these business AMEX gives you a credit on your bill.

I believe these OPEN Network discounts are also common to all American Express small business cards. In other words, this card is identical to all other Platinum Business credit cards, aside from the details of the cash back reward program.

only benefits associated with this card [outside of common AMEX features for all/most cards] are cash back and discounts on certain vendors/partners. For example, Courtyard, Hertz, Fedex, Etc. No Coupons or codes needed. When you spend at these business AMEX gives you a credit on your bill.

well, i signed up online and was called to verify business details, still don't know if I qualify.I received a call on Monday wanting to verify a few things about the business also. After he was satisfied he said "I'm going to approve your card now and you should receive it in 10 days in a plain white envelope... yadda yadda yadda".

Just in case others want to know, I have an EIN but it wasn't necessary for this. My business has only 3k / yr stated income, though my personal income is high.

A possible caveat ...

... The application says

Bonus of $250 applies to first purchase made between March 1 and June 30, 2006, and will appear as a statement credit on your Card Account. The maximum discount available is $250 per Card Account.

Does this mean they will credit you $4.00 if your first purchase is $4.00? May be worthy going out for an extravagant dinner with your significant other and blowing the whole $250 there just to make sure--unless you have a $250 expense coming up.

If anyone has any actual experience with this let us know.

That's just what I did. We went for dinner (family of 4). I charged dinner on my new card. The bill arrived last week showing the $250 credit! :eek: :o :D

To say I was pleased would be an understatement.

Thanks to gleffs blog for the heads up; or hat tip, as Gary is fond of saying.

Over the years I've earned plenty of additional miles and points on Flyertalk. But $250 cold cash is :cool: