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Bonus MR for activating POT?

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pizzadude
Credit Mentor

Re: Bonus MR for activating POT?

I also received this offer via email a few weeks ago and accepted it.

 

My 20K MR points were added to my account within 2 days.

 

Approved $10K POT limit on my Zync NPSL ! Smiley Very Happy

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 11 of 18
Anonymous
Not applicable

Re: Bonus MR for activating POT?

I don't have that feature. When it began, I opted out. But for 20,000 MR points I'd be opting in, no doubt. I think you should snatch up that offer.

Message 12 of 18
jcooks
Established Contributor

Re: Bonus MR for activating POT?

I had the promo showing on my account and I activated on May 25th.  I still haven't gotten mine.  I've reached out to Amex several times as they don't see that promo on my account.  They've escalated it twice so far and no result so far.  I am due to call them back since last week, but haven't yet.

Message 13 of 18
learningcredit54
Regular Contributor

Re: Bonus MR for activating POT?

How does an AMEX with a POT limit report to the bureaus? Curious to know

BACK TO SQUARE 1 - GETTING READY FOR BANKRUPTCY
Message 14 of 18
CaptJOB
Regular Contributor

Re: Bonus MR for activating POT?


@learningcredit54 wrote:

How does an AMEX with a POT limit report to the bureaus? Curious to know


Same as if POT wasn't activated. No limit considered except on older models where the highest historical balance is used as the reported CL.

Edited for poor word choice*

Message 15 of 18
wasCB14
Super Contributor

Re: Bonus MR for activating POT?

I wonder if the offer is churnable. Maybe I should opt out of POT. I PIF and only got 10k on Schwab for enrolling a few years ago.

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select
Message 16 of 18
CaptJOB
Regular Contributor

Re: Bonus MR for activating POT?


@wasCB14 wrote:

I wonder if the offer is churnable. Maybe I should opt out of POT. I PIF and only got 10k on Schwab for enrolling a few years ago.


I'm pretty sure I've gotten it twice on my Rose Gold card and once on my Platinum(now second Gold). Certainly worth deactivating on everything once a bonus is received. Haven't ever heard of it being clawed back.

Message 17 of 18
simplynoir
Mega Contributor

Re: Bonus MR for activating POT?


@wasCB14 wrote:

I wonder if the offer is churnable. Maybe I should opt out of POT. I PIF and only got 10k on Schwab for enrolling a few years ago.


I know that a few years ago AMEX clamped down on people churning the POT bonus, some to the point of shutting down accounts for abuse by RAT. But seems to be in the clear to churn since customers can turn off POT themselves now and AMEX still sends the offers out to even those that already got it before. They must be using some algorithm to make sure it's not totally abused like it was before

 

Edit: for reference I got this on my Green and Gold, not on Platinum yet

Message 18 of 18
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