topic Re: Amex offers question in Credit Cards

Amex offers question

rgd51 — Sat, 26 Nov 2022 00:19:12 GMT

I'm new to Amex and when I was reading the terms and conditions of an Amex offer it listed the following below. The offer was spend $50 get $10 back as a statement credit. The total I spent was $57.38 so based on the way the below language reads do I not get the statement credit? After the statement credit the total will be $47.38. Does this offer mean I really need to spend $60 to get it or is it saying I only earn cash back on the $47.38 rather than the full amount I paid?

Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

Re: Amex offers question

Dadof31978 — Sat, 26 Nov 2022 00:51:09 GMT

No need to overcomplicate this or make it harder than it needs to be. If the amount charged is at least $50, you will see a $10 credit.

Re: Amex offers question

rgd51 — Sat, 26 Nov 2022 00:54:07 GMT

Well the way that section is worded is head spinning. By amount charged is that subtotal amount before tax or the total amount counting sales tax? Do I earn cash back on the entire amount i charged?

Re: Amex offers question

Dadof31978 — Sat, 26 Nov 2022 00:55:26 GMT

you are making this very difficult...amex in 99% of cases (most don't have L3 reporting) sees one #, the total amount charged...that's including tax.

By amount charged is that subtotal amount before tax or the total amount counting sales tax? Total amount counting sales tax

Do I earn cash back on the entire amount i charged? Yes

Re: Amex offers question

rgd51 — Sat, 26 Nov 2022 00:58:46 GMT

This is the first time I've ever used an Amex offer. What does the following disclaimer mean when it says something of "spend based"?

Re: Amex offers question

Gunnerboy — Sat, 26 Nov 2022 01:19:09 GMT

@rgd51 wrote:
This is the first time I've ever used an Amex offer. What does the following disclaimer mean when it says something of "spend based"?

To me, that term always meant "a purchase using the card", as opposed to redeeming that with points.

Re: Amex offers question

Jnbmom — Sat, 26 Nov 2022 01:21:24 GMT

@rgd51 wrote:
This is the first time I've ever used an Amex offer. What does the following disclaimer mean when it says something of "spend based"?

It's a "spend based reward" meaning you spend whatever the amount is to get the reward

Re: Amex offers question

rgd51 — Sat, 26 Nov 2022 01:31:18 GMT

What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.

Re: Amex offers question

FinStar — Sat, 26 Nov 2022 02:58:55 GMT

@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.

Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.

Re: Amex offers question

rgd51 — Sat, 26 Nov 2022 03:09:39 GMT

@FinStar wrote:
@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.
Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.

Is that usually how it works with Amex offers? As in where I just need to spend $50 to get the $10 statement credit but I only earn cash back on the $47.38? Chase doesn't seem to do that with their offers as they've always given me cash back on the whole amount but chase offers are also usually lower dollar amounts so each has their pros.

Re: Amex offers question

FinStar — Sat, 26 Nov 2022 03:19:26 GMT

@rgd51 wrote:
@FinStar wrote:
@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.
Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.
Is that usually how it works with Amex offers? As in where I just need to spend $50 to get the $10 statement credit but I only earn cash back on the $47.38? Chase doesn't seem to do that with their offers as they've always given me cash back on the whole amount but chase offers are also usually lower dollar amounts so each has their pros.

It is clearly written in the AmEx clause as far as how earned rewards work which we've already discussed upthread. AmEx is not Chase and viceversa.

Re: Amex offers question

simplynoir — Sat, 26 Nov 2022 03:23:39 GMT

@FinStar wrote:
@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.
Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.

@FinStar, does this also apply to sign up bonus spending requirements? More curiousity than anything else but imagine for the bigger offers like the Delta and Marriott where larger spend gets larger rewards someone can find themselves being hundred of dollars short of their SUB goal

Re: Amex offers question

rgd51 — Sat, 26 Nov 2022 03:26:32 GMT

@simplynoir wrote:
@FinStar wrote:
@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.
Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.
@FinStar, does this also apply to sign up bonus spending requirements? More curiousity than anything else but imagine for the bigger offers like the Delta and Marriott where larger spend gets larger rewards someone can find themselves being hundred of dollars short of their SUB goal

Yeah I interpreted that to potentially mean it might not count toward SUB spending requirements so to be safe I'm gonna assume it doesn't.

Re: Amex offers question

FinStar — Sat, 26 Nov 2022 03:41:10 GMT

@simplynoir wrote:
@FinStar wrote:
@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.
Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.
@FinStar, does this also apply to sign up bonus spending requirements? More curiousity than anything else but imagine for the bigger offers like the Delta and Marriott where larger spend gets larger rewards someone can find themselves being hundred of dollars short of their SUB goal

I've always considered and interpreted (based on the SUB T&Cs -- specific to AmEx) that any reduced amounts, applicable discounts or statement credits to be part of that equation when meeting a SUB requirement. Now, to be fair, I've always spent way more than the minimum threshold to meet the SUB as part of normal day-to-day spending.

Re: Amex offers question

rgd51 — Sat, 26 Nov 2022 03:43:02 GMT

@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.
Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.
@FinStar, does this also apply to sign up bonus spending requirements? More curiousity than anything else but imagine for the bigger offers like the Delta and Marriott where larger spend gets larger rewards someone can find themselves being hundred of dollars short of their SUB goal
I've always considered and interpreted (based on the SUB T&Cs -- specific to AmEx) that any reduced amounts, applicable discounts or statement credits to be part of that equation when meeting a SUB requirement. Now, to be fair, I've always spent way more than the minimum threshold to meet the SUB as part of normal day-to-day spending.

Also in regards to Amex offers, how long does it take on average to get the statement credit?

Re: Amex offers question

simplynoir — Sat, 26 Nov 2022 03:43:38 GMT

@FinStar wrote:
@simplynoir wrote:
@FinStar, does this also apply to sign up bonus spending requirements? More curiousity than anything else but imagine for the bigger offers like the Delta and Marriott where larger spend gets larger rewards someone can find themselves being hundred of dollars short of their SUB goal
I've always considered and interpreted (based on the SUB T&Cs -- specific to AmEx) that any reduced amounts, applicable discounts or statement credits to be part of that equation when meeting a SUB requirement. Now, to be fair, I've always spent way more than the minimum threshold to meet the SUB as part of normal day-to-day spending.

Same here as well again I was just curious

Re: Amex offers question

FinStar — Sat, 26 Nov 2022 03:53:45 GMT

@rgd51 wrote:
@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.
Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.
@FinStar, does this also apply to sign up bonus spending requirements? More curiousity than anything else but imagine for the bigger offers like the Delta and Marriott where larger spend gets larger rewards someone can find themselves being hundred of dollars short of their SUB goal
I've always considered and interpreted (based on the SUB T&Cs -- specific to AmEx) that any reduced amounts, applicable discounts or statement credits to be part of that equation when meeting a SUB requirement. Now, to be fair, I've always spent way more than the minimum threshold to meet the SUB as part of normal day-to-day spending.
Also in regards to Amex offers, how long does it take on average to get the statement credit?

It depends. Some of the offers can post within a few days, others can take up to a week, while others won't post until a statement cycles. When selecting an offer, carefully read the disclosure of the expected timeframe for when you can expect to see it on your account.

Using a quick example of one of several offers I've used...say on BCE for Disney+, the merchant posted the charge on 10/27 and AmEx posted the credit on Nov 1.

Re: Amex offers question

SouthJamaica — Sat, 26 Nov 2022 14:15:11 GMT

@rgd51 wrote:
@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@rgd51 wrote:
What other statement credit or discount would they be referring to? Sorry for all the questions, this is my very 1st Amex card.
Any benefit earned from this offer is in addition to the rewards (i.e. Membership Rewards or cash back) earned as part of your existing Card benefits, but your ability to earn spend-based rewards for the purchase will be based on the amount after any statement credit or other discount is applied.

In a nutshell, specific to the bolded section, you'll only earn points/rewards or cashback on the adjusted amount after any statement credit or any discounts as applicable. Using your example, if you spent $57.38, you'll only earn rewards/points/cashback on the net amount of $47.38 after the $10 statement credit is applied.
@FinStar, does this also apply to sign up bonus spending requirements? More curiousity than anything else but imagine for the bigger offers like the Delta and Marriott where larger spend gets larger rewards someone can find themselves being hundred of dollars short of their SUB goal
I've always considered and interpreted (based on the SUB T&Cs -- specific to AmEx) that any reduced amounts, applicable discounts or statement credits to be part of that equation when meeting a SUB requirement. Now, to be fair, I've always spent way more than the minimum threshold to meet the SUB as part of normal day-to-day spending.
Also in regards to Amex offers, how long does it take on average to get the statement credit?

In my experience, a couple of days.

Re: Amex offers question

moto4man — Sun, 04 Dec 2022 14:56:28 GMT

I'm aware of the reward you're speaking of. It's a simple reward... Spend $50, get $10 back regardless how much your purchases are. It's a rolling figure that you don't have to worry about once you add it to the card. IIRC they give you 2 credits with a total % equalling $20 max.

Just add it to the card, and it'll come off your overall balance, not a monthly statement credit.