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Regular Contributor
jtc411
Posts: 169
Registered: ‎03-29-2012
0

Amex MR points?

Hi all, new to Amex charge cards.  My first statment closed on the 12th.  I'm wondering when I will see the MR points for my purchases?  It still shows 0

 


Starting Score: EQ 619
Current Score: EQ 735, TU 732, EX 745(Lender Pulled)
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Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
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Re: Amex MR points?


jtc411 wrote:

Hi all, new to Amex charge cards.  My first statment closed on the 12th.  I'm wondering when I will see the MR points for my purchases?  It still shows 0

 


After your statement closes, Reward Points go into "Pending" until around the time next statement cuts. So your points accrued this statement will be applied around after the cut of your next statement. So, they get delayed about 1 month. At least that is how it is with mine!

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Frequent Contributor
mmduluth
Posts: 320
Registered: ‎05-17-2011
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Re: Amex MR points?

That's also how it works with cash back on the blue cash cards.
EQ FICO - 718 - 01/10/2012 EX FICO - 732 - 04/28/2012 (AMEX)

Cap1 Platinum (1000) Macy’s (2000) Chase Freedom (3000) Kohls (600) Best Buy (2700) Amex BCE (8200) Chase Sapphire (5000) CarCare1 (1600) Discover IT (4000)
Regular Contributor
jtc411
Posts: 169
Registered: ‎03-29-2012
0

Re: Amex MR points?

Not a huge fan of that, but oh well.  My Capone rewards posts as the transaction posts.  I wonder how my Discover More will do it?


Starting Score: EQ 619
Current Score: EQ 735, TU 732, EX 745(Lender Pulled)
Goal Score: EQ 700


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Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
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Re: Amex MR points?


jd5189 wrote:

jtc411 wrote:

Hi all, new to Amex charge cards.  My first statment closed on the 12th.  I'm wondering when I will see the MR points for my purchases?  It still shows 0

 


After your statement closes, Reward Points go into "Pending" until around the time next statement cuts. So your points accrued this statement will be applied around after the cut of your next statement. So, they get delayed about 1 month. At least that is how it is with mine!


 

Same with mine.

 


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
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Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
0

Re: Amex MR points?


jtc411 wrote:

Not a huge fan of that, but oh well.  My Capone rewards posts as the transaction posts.  I wonder how my Discover More will do it?


From what I have been told, It's mostly so someone cannot go out, spend $10,000, get 10,000 points right away (maybe more depending on what you bought and what card/features you have) then turn around and return it all. You could get double points depending on what you bought (so maybe 20k in points), and when you return it all, you keep double points and get all your cash back. Sure, you have a $10k credit on the account, but could also have 2x as many points than if you just were getting 1pt/$1 vs. 2pt/$1. This is a fairly exaggerated example but maybe you can see where I am going with it. It's really for their own protection and to protect the integrity of the MR program.

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.

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