Up the Ante--$250 Statement Credit for 1st Use--No Annual Fee
Mar 28, 2006, 10:35 pm
#1
Original Poster
Join Date: Jan 2004
Location: SFO, SJC, OAK, LVK AA Lifetime Plat 2MM, LUV A-List, Hyatt Gold, SPG Lifetime Gold, Commercial Pilot (not employed by airlines)
Posts: 1,531
Up the Ante--$250 Statement Credit for 1st Use--No Annual Fee
Mar 29, 2006, 9:08 pm
#3
Join Date: Oct 2005
Location: AUS
Programs: SPG, HH Gold, Priority Pass, Chairman, Amex
Posts: 44
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....
Too bad also that this is specifically targeted at small businesses. I realize you could declare yourself a sole prop, but....
Mar 30, 2006, 10:05 am
#4
Original Poster
Join Date: Jan 2004
Location: SFO, SJC, OAK, LVK AA Lifetime Plat 2MM, LUV A-List, Hyatt Gold, SPG Lifetime Gold, Commercial Pilot (not employed by airlines)
Posts: 1,531
Originally Posted by willsabstract
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....
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.
Apr 1, 2006, 4:09 pm
#6
Original Poster
Join Date: Jan 2004
Location: SFO, SJC, OAK, LVK AA Lifetime Plat 2MM, LUV A-List, Hyatt Gold, SPG Lifetime Gold, Commercial Pilot (not employed by airlines)
Posts: 1,531
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.
... 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.
Apr 1, 2006, 5:30 pm
#7
Join Date: Mar 2006
Location: ORD-AMS
Programs: Hilton Diamond; Amex Plat; AA-United-KLM
Posts: 245
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.
Apr 3, 2006, 5:29 am
#8
Join Date: Apr 2002
Posts: 2,949
Originally Posted by pushback
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.
... 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.
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.
Apr 5, 2006, 10:57 pm
#11
Join Date: Mar 2006
Location: ORD-AMS
Programs: Hilton Diamond; Amex Plat; AA-United-KLM
Posts: 245
Originally Posted by chris02
can anyone tell me how much do i need to be earing before i can apply for this credit card?
Apr 6, 2006, 4:42 am
#12
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,957
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
dennis
"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
dennis
Apr 8, 2006, 8:49 am
#13
Join Date: Aug 2001
Location: San Diego,CA,USA
Programs: Southwest Companion Pass American Admirals Club Lifetime,IHG Rewards Spire,HHonors Gold
Posts: 1,358
Got the card today
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!! 
Apr 8, 2006, 4:15 pm
#15
Join Date: Apr 2002
Posts: 1,373
Originally Posted by mia
..could someone please mention the exact name of the card?
In any event, the offer does seem to be gone now.
