topic Re: Simon Mall Properties American Express Card (New) in Credit Cards

Simon Mall Properties American Express Card (New)

Credit-hoarder — Sat, 14 Jan 2023 17:19:31 GMT

Was in a Simon property last night and saw this heavily advertised throughout the mall. It's issued by a company called Cardless. Might not be too appealing unless you're a frequent Simon mall shopper. You can read about it here: Simon® American Express® Credit Card Credit Card | A new credit card experience built for Simon customers (cardless.com)

Re: Simon Mall Properties American Express Card (New)

wasCB14 — Sat, 14 Jan 2023 18:21:50 GMT

5% back at retailers so popular they (mostly) filed for bankruptcy...only to be bought by their mall landlords in an effort to limit vacancies.

Re: Simon Mall Properties American Express Card (New)

CreditCuriosity — Sat, 14 Jan 2023 19:07:40 GMT

Can purchases be made online and get 5% back as a few of the 5% retailers aka lucky etc I spend alot of money with, only if 7 for all man was included then might be a bit more interesting

Re: Simon Mall Properties American Express Card (New)

Anonymous — Sat, 14 Jan 2023 20:02:37 GMT

I like "Not all retailers may accept American Express cards"

Re: Simon Mall Properties American Express Card (New)

BronzeTrader — Sat, 14 Jan 2023 20:38:06 GMT

I have heard about this card maybe 3 months ago or so. It was intriguing at first. But the substance is not strong. I do not recall exactly. But it seems it requires more micro-management.

I have no problem with AmEx cards. But I do not think I'd like narrow or niche card like this one.

Re: Simon Mall Properties American Express Card (New)

wasCB14 — Sat, 14 Jan 2023 20:44:52 GMT

@CreditCuriosity wrote:
Can purchases be made online and get 5% back as a few of the 5% retailers aka lucky etc I spend alot of money with, only if 7 for all man was included then might be a bit more interesting

Online purchases with Lucky earn 5%, (up to $10k of combined 3%/5% spend per year). ABG (which is financially entwined with Simon and partially or fully owns these retailers) owns Lucky, so they're not going to frown on an online Lucky purchase.

"Participating Retailers for 5% Back: For the most current list of participating retailers where you can earn 5% back both in-person at Simon properties and online, please visit cardless.com/cards/simon/benefits. You will earn 5% back for Eligible Purchases made in-person or online at one of these participating retailers."

It's not clear if they have a 3% bonus category for ordering things online from a non-ABG retailer and picking them up in a Simon Mall store, though.

Re: Simon Mall Properties American Express Card (New)

BronzeTrader — Sat, 14 Jan 2023 20:58:40 GMT

Just to remind that, most of the mall retailers have heavy promotions. A lot of them are on most of the cashback portals. I can easily find 5%, 6% and even 8% from time to time. I could earn more depending how I make the purchases.

Re: Simon Mall Properties American Express Card (New)

Credit-hoarder — Sat, 14 Jan 2023 21:14:24 GMT

@BronzeTrader wrote:
Just to remind that, most of the mall retailers have heavy promotions. A lot of them are on most of the cashback portals. I can easily find 5%, 6% and even 8% from time to time. I could earn more depending how I make the purchases.

So are you saying in additional to the promotions from the retailers--you can possibly earn more CB if you use the Simon AMEX card?

Re: Simon Mall Properties American Express Card (New)

Credit-hoarder — Sat, 14 Jan 2023 21:18:02 GMT

@BronzeTrader wrote:
I have heard about this card maybe 3 months ago or so. It was intriguing at first. But the substance is not strong. I do not recall exactly. But it seems it requires more micro-management.

I have no problem with AmEx cards. But I do not think I'd like narrow or niche card like this one.

I think they just opened it up to applications recently. The last time I was there a little over a month ago they weren't publicly promoting it yet.

Re: Simon Mall Properties American Express Card (New)

BronzeTrader — Sat, 14 Jan 2023 21:21:01 GMT

That was the time the card was announced. I do business with Simon Mall myself. So I pay attention. But I did not expect them to have the size to issue a co-brand card.

Re: Simon Mall Properties American Express Card (New)

Anonymous — Sat, 14 Jan 2023 21:47:56 GMT

@Credit-hoarder wrote:
@BronzeTrader wrote:
Just to remind that, most of the mall retailers have heavy promotions. A lot of them are on most of the cashback portals. I can easily find 5%, 6% and even 8% from time to time. I could earn more depending how I make the purchases.

So are you saying in additional to the promotions from the retailers--you can possibly earn more CB if you use the Simon AMEX card?

If you are using one of the merchants that get 5% online with the Simon Amex card, you can (usually) use the card when going through an online portal and stack the cashback. Equally, some online malls do also have some in-store offers, so possibly they would stack as well.

Re: Simon Mall Properties American Express Card (New)

Bill77 — Sun, 15 Jan 2023 21:32:51 GMT

Interesting that this is on the Amex network and every other Cardless card is a Mastercard. Most of the MCs are a $50 SUB and this Amex is $150 sub.

Re: Simon Mall Properties American Express Card (New)

Guyatthebeach — Sun, 15 Jan 2023 23:22:59 GMT

I'm remember reading about this on Simon Property's website. It actually is a great draw to rent or lease from them in my opinion. I know independent retailers, like the ones that rent from kiosks, would have to justify the additional expense for taking Amex. It may just be worth it in today's market.

Guyatthebeach