Targeted: Spend $220,000 from 7/1/15-11/1/15 and get a $500 statement credit

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Jun 11, 2015, 3:20 pm

jandersinc

Original Poster

Join Date: Nov 2010

Location: Bellingham, WA

Programs: AMEX Platinum, Delta Gold, Alaska Air MVP Gold

Posts: 449

Targeted: Spend $220,000 from 7/1/15-11/1/15 and get a $500 statement credit

Received an email from Amex with an offer of a $500 statement credit if I spend $220,000 between 7/1/15 and 11/1/15.

This is on our U.S. based business gold card.

Anyone else get it?

Jun 11, 2015, 4:43 pm

levilevi

Join Date: Aug 2012

Location: Dreamland

Posts: 927

Seems outrageously high min spend, no?

Jun 11, 2015, 5:23 pm

Sintaku

Join Date: Apr 2014

Location: USA

Posts: 238

Quote:

Originally Posted by levilevi

Seems outrageously high min spend, no?

Seems like it isn't worth it...

Jun 11, 2015, 5:59 pm

Surface Interval

Join Date: Feb 2010

Location: CLE

Programs: AA Exec Plat, Hilton Diamond, Hertz PC

Posts: 5,538

Quote:

Originally Posted by levilevi

Seems outrageously high min spend, no?

Stack it with even a "low" cash back from several sites @ 1.5% and occasionally over 2%. Doesn't seem all that bad at $3300+. Subtract the fees from $2k AMEX GC's would eat less than $500 - assume shipping free if you use the promo for shipping. Also subtract the liquidation fees that vary depending on the route. You get the MR pts + some cash to boot. Ok deal if you are not currently working much else and can use a few MR pts.

Jun 11, 2015, 6:11 pm

jandersinc

Original Poster

Join Date: Nov 2010

Location: Bellingham, WA

Programs: AMEX Platinum, Delta Gold, Alaska Air MVP Gold

Posts: 449

We will spend well over $220,000 in that period so I thought it was an odd offer.

Jun 12, 2015, 10:26 am

raiz

Join Date: Jan 2010

Location: NYC

Programs: AA Exec Plat, Hilton Diamond, Hyatt Globalist, Bonvoy Platinum

Posts: 151

I received this as well. Interesting.. Never seen a spend threshold this high

Jun 12, 2015, 10:06 pm

exarkun

Join Date: Feb 2014

Posts: 825

.2%?

That is horrid.

Jun 13, 2015, 12:29 am

nrr

FlyerTalk Evangelist

Join Date: Jul 2003

Location: jfk area

Programs: AA platinum; 2MM AA, Delta Diamond, Hilton Diamond

Posts: 10,291

With a 2% cashback card [Fidelitys Investments Reward Amex Card, for example], you would get $4400--over 8x the $500 credit.
[A $5000 statement credit, would be a nicer deal.

Jun 13, 2015, 3:53 am

jandersinc

Original Poster

Join Date: Nov 2010

Location: Bellingham, WA

Programs: AMEX Platinum, Delta Gold, Alaska Air MVP Gold

Posts: 449

Quote:

Originally Posted by nrr

With a 2% cashback card [Fidelitys Investments Reward Amex Card, for example], you would get $4400--over 8x the $500 credit.
[A $5000 statement credit, would be a nicer deal.

But I'll get several hundred thousand points (with bonus categories).

Whoo hoo. More free flights.

Jun 13, 2015, 6:15 am

#10

scubadu

Join Date: Sep 2008

Location: AUS

Programs: BAEC Gold, AA PPro, Hyatt Globalist, Amex Plat

Posts: 7,041

Quote:

Originally Posted by jandersinc

But I'll get several hundred thousand points (with bonus categories).

Whoo hoo. More free flights.

Ummm... ok, but you would get that with or without the $500 credit, so not exactly sure what the point of this thread is...

Regards

Jun 13, 2015, 4:10 pm

#11

NDN

Join Date: Jan 2015

Programs: Marriott Titanium and LTP, Hilton Gold, United Silver

Posts: 786

Consider the opportunity cost. If you are about to drop $220k in 3 months, you could open numerous cards in that 3-month period and get much more than $500.

Jun 13, 2015, 5:05 pm

#12

turkeyRIOO

Join Date: Jul 2007

Location: ATL

Programs: AA GLD Skymiles DM MM, a+ rewards lifetime elite, AS, Marriott plat, PC plat, HH gold

Posts: 1,275

Quote:

Originally Posted by jandersinc

Received an email from Amex with an offer of a $500 statement credit if I spend $220,000 between 7/1/15 and 11/1/15.

This is on our U.S. based business gold card.

Anyone else get it?

I think you got a pretty good ratio. I got a $2k offer for much higher spend.

Jun 14, 2015, 9:13 am

#13

comptalk

Join Date: May 2012

Posts: 605

Never received an offer like this, and I have an account rep. I feel left out.

Jun 14, 2015, 1:48 pm

#14

Steve M

Join Date: May 2000

Location: Houston, TX, USA

Programs: UA 1K, AA Lifetime Platinum, DL Platinum, Honors Diamond, Bonvoy Titanium, Hertz Platinum

Posts: 7,969

Quote:

Originally Posted by nrr

With a 2% cashback card [Fidelitys Investments Reward Amex Card, for example], you would get $4400--over 8x the $500 credit.)

Not exactly. It depends on your definition of "you." The OP said that this is on a business card. Any statement credit (including the cash back variety) would be to the same account, so it would be the business that gets the cash rebate. MR points can be redeemed for personal travel without a tax consequence, whereas cash back to the business would need to be spent by the business (or be considered taxable income, dividend, or distribution if used by an individual).

Quote:

Originally Posted by scubadu

Ummm... ok, but you would get that with or without the $500 credit, so not exactly sure what the point of this thread is...

The point I took was that it was a false comparison to say that he could get $500 credit with this offer, or $4400 cash back with another card. The actual comparison is $500 credit plus 220,000 MR points, vs $4400 cash back on another card. If I were in his position, I'd find the $500 plus 220,000 MR points to be more valuable, and that's before the tax benefit.

Quote:

Originally Posted by NDN

Consider the opportunity cost. If you are about to drop $220k in 3 months, you could open numerous cards in that 3-month period and get much more than $500.

Not everyone is a churner. Some people want to focus on running their businesses and not spend a lot of time researching and managing numerous accounts every 3 months.