Originally Posted by
Happy
EXACTLY! The $750 spend now only get you 40K instead of 50K.
For the same $3K needed to earn the extra 25K on this new AMEX version, you would be better off to do 2 Citi HHonor Visa each $1,500 spend for 50K so you get 100K for the same $3K spend. Even if the $750 is subtracted from the $3000 it is still a much inferior earning rate to get 25K with $2250 spend.
I honestly could not understand why others see the new offer is a better offer unless they are math-challenged.
THANK YOU for confirming what should have been obvious to everyone here from the start.
This is, no doubt, an inferior offer than before, unless you have a big enough budget to wedge this card's spend requirement into your app-o-rama, which I don't.
You see, this is just 1 of 4 cards that I will be applying for. The other 3 cards have hefty spend requirements of their own, so I didn't need one here. The big benefit of this card was that it had a small spend requirement for a relatively big points payout. So, now, instead of getting 50k points, I will be getting only 40k points, because I will not bother wasting my spend on this card to get the additional points that were essentially free before.
So, basically, I got screwed.
The thing that makes me want to tear the hair out of my head is that I missed the 50k offer by mere
days!!