Re: From Capital One $500 limit to American Express
10-13-2012 02:14 AM
OP - make sure you spend ALL of that $200 flight credit, on the same airline, by Dec 31st 2012. It goes by calendar year, not your membership year. In 2013, you will be eligible for another $200 credit. You can default to the same airline, or change it next year. You should definitely familiarize yourself with how this works and read the AMEX T&C's about this feature.
If you google, you will find various strategies on how to get all $200 reimbursed. If you must, you can buy miles, depending on the airline. Just don't waste it!