topic Re: 5K bonus MR points for extended payment option in Credit Cards

5K bonus MR points for extended payment option

Walt_K — Tue, 03 May 2011 21:08:13 GMT

I applied for the extended payment option for my PR Gold card and got 5K MR points. Took two days for the points to post.

I don't intend to use the extended payment option and just did it for the points. I'm sure there are lots of people on here that think that even applying for this feature will subject you to the dreaded Amex FR. I personally believe that Amex FR concerns are extremely overblown, but who knows, maybe I'll find out otherwise.

In any event, if you are interested, I found the link for the 5K offer here:

http://www.frugaltravelguy.com/search/label/american%20express

Search for "American Express Charge Card Extended Payment Option Link" and you should see the link.

Re: 5K bonus MR points for extended payment option

steffiejoe — Tue, 03 May 2011 21:19:35 GMT

What are MR points?

Re: 5K bonus MR points for extended payment option

vish1 — Tue, 03 May 2011 21:46:30 GMT

Amex membership reward points

Re: 5K bonus MR points for extended payment option

Smerri1029 — Wed, 04 May 2011 02:40:10 GMT

Just enrolled. Thanks for the heads up. Always PIF but cant turn down 5,000 points

Re: 5K bonus MR points for extended payment option

Ron1 — Wed, 04 May 2011 02:56:42 GMT

They offered me 5K membership points when I enrolled last year. By the way, Extended Payment Option is not for everyone. They only approved for selected group of cardmembers.

Ron.

Re: 5K bonus MR points for extended payment option

anderl — Wed, 04 May 2011 03:27:54 GMT

So this feature enables the charge card holder the option to pay over time-but is this offer for every charge card holder -do they pull a report again-i have Zync, Green, and Gold and of course I would want the 5k Bonus points for each if I could.....-any thoughts?

Re: 5K bonus MR points for extended payment option

Walt_K — Wed, 04 May 2011 12:38:10 GMT

@anderl wrote:
So this feature enables the charge card holder the option to pay over time-but is this offer for every charge card holder -do they pull a report again-i have Zync, Green, and Gold and of course I would want the 5k Bonus points for each if I could.....-any thoughts?

I know it is an application process, but I don't know if they pull your report. I have an EQ and TU monitoring service, but nothing for EX, so I can't say whether I received a hard pull.

Re: 5K bonus MR points for extended payment option

tray — Wed, 04 May 2011 13:40:50 GMT

I have this one question if anyone can answer I recieved this offer also but I am hesitant because I always pay my charge card in full , but on the app is there a certain time period given that you have to set up for the extended period payment option for a large ticket item purchased for the 5K bonus points because I am sure Amex wants to make some money off the interest accured. Thanks for any information given as I am just wondering if Amex is just giving 5K bonus points for just filling out an app only and if that is the case I am going for it as well!!!

Re: 5K bonus MR points for extended payment option

chan85 — Wed, 04 May 2011 13:41:56 GMT

Does this only work with certain types of cards? I dont think this works for Zync cards. I tried it and it said unable to approve, or it may just be because it's a new account?

Re: 5K bonus MR points for extended payment option

Walt_K — Wed, 04 May 2011 14:16:36 GMT

@tray wrote:
I have this one question if anyone can answer I recieved this offer also but I am hesitant because I always pay my charge card in full , but on the app is there a certain time period given that you have to set up for the extended period payment option for a large ticket item purchased for the 5K bonus points because I am sure Amex wants to make some money off the interest accured. Thanks for any information given as I am just wondering if Amex is just giving 5K bonus points for just filling out an app only and if that is the case I am going for it as well!!!

I received the 5K bonus points two days after filling out the app. I can't even find the option on my account to make a charge pay over time, so you definitely don't have to actually use the service to get the points.

Re: 5K bonus MR points for extended payment option

scottwagnon — Wed, 04 May 2011 14:45:03 GMT

doesent this kind of blow a hole in the theory that amex doesn't want their cardmembers to revolve and would much rather all cardmembers to PIF. and to answer the question about zync, it already advertises this on it application page. so i not sure its the same program as the other charge cards.

Re: 5K bonus MR points for extended payment option

tray — Wed, 04 May 2011 15:25:10 GMT

@Walt_K wrote:
@tray wrote:
I have this one question if anyone can answer I recieved this offer also but I am hesitant because I always pay my charge card in full , but on the app is there a certain time period given that you have to set up for the extended period payment option for a large ticket item purchased for the 5K bonus points because I am sure Amex wants to make some money off the interest accured. Thanks for any information given as I am just wondering if Amex is just giving 5K bonus points for just filling out an app only and if that is the case I am going for it as well!!!
I received the 5K bonus points two days after filling out the app. I can't even find the option on my account to make a charge pay over time, so you definitely don't have to actually use the service to get the points.

Well I went for it and used the link you provided on your thread, thanks, although my billing statement that came out today it is offering me 1,500 bonus points instead of 5K so I will see what happens, I hope I recieve the 5K.

Re: 5K bonus MR points for extended payment option

tray — Wed, 04 May 2011 15:29:03 GMT

@scottwagnon wrote:
doesent this kind of blow a hole in the theory that amex doesn't want their cardmembers to revolve and would much rather all cardmembers to PIF. and to answer the question about zync, it already advertises this on it application page. so i not sure its the same program as the other charge cards.

I think Amex is trying all avenues to get more money out of their customers who have charge cards and who will actually use this option extended pay, as the longer you pay the balance the more interest money amex will get.

Re: 5K bonus MR points for extended payment option

Ron1 — Wed, 04 May 2011 15:37:19 GMT

I tried my Zync and it never worked. It only worked for my Gold Card.

Ron.

@chan85 wrote:
Does this only work with certain types of cards? I dont think this works for Zync cards. I tried it and it said unable to approve, or it may just be because it's a new account?

Re: 5K bonus MR points for extended payment option

Walt_K — Wed, 04 May 2011 15:47:24 GMT

@tray wrote:
@Walt_K wrote:
@tray wrote:
I have this one question if anyone can answer I recieved this offer also but I am hesitant because I always pay my charge card in full , but on the app is there a certain time period given that you have to set up for the extended period payment option for a large ticket item purchased for the 5K bonus points because I am sure Amex wants to make some money off the interest accured. Thanks for any information given as I am just wondering if Amex is just giving 5K bonus points for just filling out an app only and if that is the case I am going for it as well!!!
I received the 5K bonus points two days after filling out the app. I can't even find the option on my account to make a charge pay over time, so you definitely don't have to actually use the service to get the points.
Well I went for it and used the link you provided on your thread, thanks, although my billing statement that came out today it is offering me 1,500 bonus points instead of 5K so I will see what happens, I hope I recieve the 5K.

Tray, I doubt they would be on your statement the day you applied. It took a couple days for mine to show up. In fact, when they first showed up in my MR balance total, they still didn't appear on my point summary online. It took an additional day for the points to appear on my online MR points statement.

Re: 5K bonus MR points for extended payment option

Ron1 — Wed, 04 May 2011 15:50:48 GMT

They offered me 5K membership bonus when I enrolled the Extended Payment Option for PR Gold. I was instantly approved. I got my 5K MR points within a month. At that time, I already had Select and Pay Later. Not everyone will qualify for Select and Pay Later, Sign and Travel and Extended Payment Option. I think it's for the Green, Gold and the Platinum. By the way, they offer you and you cannot request it. I have it on my PR Gold. I never used it because the interest is 15.24%

FAQ from Amex:

https://search.americanexpress.com/app/answers/display/a_id/703/kw/Extended%20Payment%20Option

https://search.americanexpress.com/app/answers/display/a_id/3830/kw/Extended%20Payment%20Option

Ron.

Re: 5K bonus MR points for extended payment option

chan85 — Wed, 04 May 2011 15:56:46 GMT

thanks for info!!

Re: 5K bonus MR points for extended payment option

Ron1 — Wed, 04 May 2011 16:09:07 GMT

The statement will look different when you have it.

Here is the example:

https://home.americanexpress.com/home/demos/billing-statement/consumerchargeloc.html

Ron.

Re: 5K bonus MR points for extended payment option

tray — Wed, 04 May 2011 22:28:53 GMT

@Walt_K wrote:
@tray wrote:
@Walt_K wrote:
@tray wrote:
I have this one question if anyone can answer I recieved this offer also but I am hesitant because I always pay my charge card in full , but on the app is there a certain time period given that you have to set up for the extended period payment option for a large ticket item purchased for the 5K bonus points because I am sure Amex wants to make some money off the interest accured. Thanks for any information given as I am just wondering if Amex is just giving 5K bonus points for just filling out an app only and if that is the case I am going for it as well!!!
I received the 5K bonus points two days after filling out the app. I can't even find the option on my account to make a charge pay over time, so you definitely don't have to actually use the service to get the points.
Well I went for it and used the link you provided on your thread, thanks, although my billing statement that came out today it is offering me 1,500 bonus points instead of 5K so I will see what happens, I hope I recieve the 5K.
Tray, I doubt they would be on your statement the day you applied. It took a couple days for mine to show up. In fact, when they first showed up in my MR balance total, they still didn't appear on my point summary online. It took an additional day for the points to appear on my online MR points statement.

Just to clarify my thread, I just recieved the offer on my statement not any reward points, but on the offer it was only for 1,500 points not 5,000, but hopefully I get the 5K bonus points with the link you provided

Re: 5K bonus MR points for extended payment option

haulingthescoreup — Thu, 05 May 2011 00:10:02 GMT

@tray wrote:
@scottwagnon wrote:
doesent this kind of blow a hole in the theory that amex doesn't want their cardmembers to revolve and would much rather all cardmembers to PIF. and to answer the question about zync, it already advertises this on it application page. so i not sure its the same program as the other charge cards.
I think Amex is trying all avenues to get more money out of their customers who have charge cards and who will actually use this option extended pay, as the longer you pay the balance the more interest money amex will get.

And it's not offered to everyone. It's something that you'll see pop up on your screen after you've been with them for a while. I think they like to get a feel for how reliable you are as a customer (low risk) and how much you use the card (increased likelihood of getting some interest income from you.)